^ Good inputs

Re. flipping, it is common as people try to jump on the real estate bandwagon. IMO, you only do that when you can purchase a good and definitely marketable property at well below market value, or at market value in an area that is fast developing, and that you have the cash and holding power to support that purchase even if you don't sell it off immediately. Marami kasi sa condos and new developments, people buy up at pre-selling then try to sell it off immediately once the selling price of the developer goes up. You won't earn from that as fees and taxes will just eat you up and people would prefer to buy direct if the development is still being constructed.

On another note, i heard that SM is dropping Megawide from its projects.