Does investing on a condominium still a good idea?

[uls]

hehe

market participants will never admit there's a bubble

then the bubble pops

[vinj]

why did SM lowered their condo prices by as much as 40%?

Slow sales. They did this to their condo development in Paranaque AFAIK. Other projects nila, 20% off... if you look at the prices though, they're expensive to begin with so chopping off 20%-40% is quite easy for them. Di bale bumaba income, basta may cash flow and gumalaw ang inventory nila.

[shadow]

Nabasa ko sign daw ng imminent bubble eh, kaya SM is tryin to dispose na agad.

[dr. d]

it depends on the location. in the neighborhood where i work, condos are in demand. prices are maintained or, some believe, artificially high..

[foresterx]

hmm, if you can't afford to buy a house then a condominium unit is an option.

i guess i still can't afford a house with my 24M condo, now valued at 30M.

like i said on my previous post, it really depends on where you buy a condo. some condo's are really cheap and some are a lot more expensive than your average house.

Over supply na ba? Last I heard, the supply is just barely keeping up with demand.

depends on the area, where i live right now every year tumataas ang value ng mga condo. meron nga bagong tinatayo dito sa 2013 or 2014 pa ata turn over ng mga unit halos sold out na agad. tapos yung mga current condo na naka tayo na pag may nag benta ng unit agawan agad, with in one month benta na agad.

[Starex_Gold]

Very good idea sa mga may kabit

J/K

[vinj]

like i said on my previous post, it really depends on where you buy a condo. some condo's are really cheap and some are a lot more expensive than your average house..

Yup... location, location, location.

Land is quite scarce in already so buying a relatively large house and lot in prime parts of Metro Manila will cost you well over P 50M so there is still market for condos in these areas as there are people who will prefer the convenience of living in the city rather than buying a house an hour outside of MM.

On whether there will be a bubble bust, there are excess supplies or a multitude of choices for consumers, but i do expect these to still sell (at least with the established developers) over time and as the projects finish. Another crucial factor really is the exposure of the banks/finance industry to these developers in the event of a property bust but BSP and the major banks have been stricter in covering their exposure to the real estate industry unlike back in 97.

Very good idea sa mga may kabit

J/K

Sa subdivision namin, may politiko na may pabahay para sa kabit. :D Bago pumunta sa lovey-doves niya, lilipat muna siya sa kotse ng back-up/bodyguards na Innova tapos mag park and wait yung CLS niya sa ibang lugar. Lagi kasi lumilipat sa may harapan ng bahay namin. :D

[uls]

hmm, if you can't afford to buy a house then a condominium unit is an option.

ngek... may condo mas mahal pa sa house and lot

[_Qwerty_]

in Corona's case.. it's not a good idea lolz..

[shadow]

for me it's still a good investment. but make sure you buy it from your EXTRA money and rent it out please...and sana mabili mo ng cash then kung meron ng tenant yun ibabayad saiyo monthly. ibili mo ulit ng another condo then siguro pwede na hulugan for the second, third, fourth units...but make sure you really have EXTRA money para pag bakante yun isang unit mo meron ka pa rin pangbayad sa hulog sa ibang units...

pero kung sa sweldo mo kukunin yun pang amortization...I don't think it's a good investment. that's my personal opinion, it will only be a good investment kung it will earn by itself...

a family friend has Condo all over Metro Manila and it's all high end units. ang mga nag rent ngayon eh mga expats and mga tao ng mga foreign embassy...monthly rental per unit is in the range of 75k and up...