South Condos
South condos are fast becoming landmarks and a prestigious address south of Manila. There are currently a number of high-rise condominium projects being built in the southern part of Metro Manila. We will simply refer to these condos as “south condos.”
South condos, most of the ones being constructed at the moment, will be ready for occupancy in 2 years time. Majority of these condos are being constructed in Muntinlupa City, more particularly in the Filinvest-Alabang area.
The south of Manila is composed mainly of the cities of Muntinlupa, Paraňaque and Las Piňas. These 3 cities are among the best places to live in the Philippines. Let me give you a number of facts about these 3 cities:
Muntinlupa City – many affluent and big time Filipino families live in this city. Ayala Alabang Village is situated in this city… houses ranges from about 10M to 200M in this village. The city is now experiencing a “construction boom” because of various skyscrapers being built in the Filinvest-Alabang area. South condos are among those buildings being constructed.
Paraňaque City – you may consider this city as the international gateway to the Philippines. This is where the NAIA or Ninoy Aquino International Airport is located. There are also a number of big subdivisions and villages in this city. To name a few… Hillsborough and BF International Village is located here. Big condominium projects are being undertaken here… Avida lands which is owned by the Ayalas has constructed a south condos here.
Las Piňas City – this city won the award “greenest and cleanest city in the Philippines” several times. It is one of the best places to live in the country. Travel time from the airport will take you just about 30 minutes. Plus of course if you want to be away from busy Makati, this is the place to be. Sadly, there are only a handful of south condos being constructed in the area. Hopefully, there will be more in the future.
South condos.
Saturday, March 28, 2009
Thursday, March 26, 2009
Cheap Condos
Cheap Condos
Cheap condos anyone? We’ll cheap condos does not necessarily mean less comfort, less amenities, or less of anything else. When I speak of cheap condos, I simply mean “less expensive” condominium units that are still very much definitive of the condominium units that you have in mind.
Cheap condos in the Philippines ranges from 1.5M to about 3M Philippine Pesos (or about 30K to 60K USD). This price range obviously categorizes cheap condos into the lower segment of the Philippine condominium unit market.
The floor space would roughly be around 24 to 30 square meters. This would probably be the only limiting factor if you will be looking for cheap condos.
How about all the other things that you would expect in a condominium unit? All the features and amenities will still be there. The fancy façade and lobby will still be there. The gym, the spas, the swimming pool would still be there. The concierge service will still be there. All the recreational facilities will still be there. In fact, all the luxuries and comfort of condo living will still all be present.
In Makati City, you can own a 24 square meter condo unit for the price of 1.8M Philippine Pesos. In Manila, you can own the same condo floor space from around 1.6M to 1.7M Philippine Pesos. In the city of Paranaque, south of Manila, you can even own a 2-bedroom condo unit for around 2.5M Philippine Pesos. There are a lot of condominium units in the price range I mentioned above that you could choose from in various metropolitan cities of the Philippines.
Cheap condos do not mean “second rate” in the Philippines… cheap condos simply mean “less expensive” or better yet “affordable.”
Wouldn’t it be great to find cheap condos?
Cheap condos anyone? We’ll cheap condos does not necessarily mean less comfort, less amenities, or less of anything else. When I speak of cheap condos, I simply mean “less expensive” condominium units that are still very much definitive of the condominium units that you have in mind.
Cheap condos in the Philippines ranges from 1.5M to about 3M Philippine Pesos (or about 30K to 60K USD). This price range obviously categorizes cheap condos into the lower segment of the Philippine condominium unit market.
The floor space would roughly be around 24 to 30 square meters. This would probably be the only limiting factor if you will be looking for cheap condos.
How about all the other things that you would expect in a condominium unit? All the features and amenities will still be there. The fancy façade and lobby will still be there. The gym, the spas, the swimming pool would still be there. The concierge service will still be there. All the recreational facilities will still be there. In fact, all the luxuries and comfort of condo living will still all be present.
In Makati City, you can own a 24 square meter condo unit for the price of 1.8M Philippine Pesos. In Manila, you can own the same condo floor space from around 1.6M to 1.7M Philippine Pesos. In the city of Paranaque, south of Manila, you can even own a 2-bedroom condo unit for around 2.5M Philippine Pesos. There are a lot of condominium units in the price range I mentioned above that you could choose from in various metropolitan cities of the Philippines.
Cheap condos do not mean “second rate” in the Philippines… cheap condos simply mean “less expensive” or better yet “affordable.”
Wouldn’t it be great to find cheap condos?
Saturday, March 21, 2009
New Condos for Sale
New Condos for Sale
New condos for sale are flourishing all around busy Metro Manila. If you are looking into investing into a condo unit in the Philippines chances are that you will stumble upon old and new condo units being offered for sale. You need to be very careful into this since there are differences between them which will indirectly determine if you are to gain or lose in your condo investment in the future.
New condos for sale offers improved or better features than their older counterparts. However, there are issues that you should check and compare against old condos.
The area that I would like to put emphasis on is the “maintenance expense” that will be incurred into your account monthly by the condominium association.
For old condominium units: While older units do not exactly mean higher monthly maintenance expense, you should check upon the overall condition of the old condo before making a decision.
You will need to check on the condition of the common areas. A non-functioning elevator for example would most probably lead to repair expense for the condominium association. This in turn could lead to higher association dues which you will need to pay on a monthly basis.
For new condominium units: New condos for sale really do not give you an assurance of a gain on your investment in the future. One thing I can very well recommend in looking into new condos for sale is….. Check on the developer of the condominium.
Do your research on the background of the developer. Check on previous projects. Check if they have live up to what they have committed based on the portfolio of the project. You may visit a previous project and probably chat with owners/residents if they encounter problems with their condo units.
A problem on the previous project is an indicator of potential higher maintenance cost in the future which will in turn affect the outcome of your investment.
From this, you may very well come to a sound decision whether your investment will be a gain or not. Have a look again into new condos for sale.
New condos for sale are flourishing all around busy Metro Manila. If you are looking into investing into a condo unit in the Philippines chances are that you will stumble upon old and new condo units being offered for sale. You need to be very careful into this since there are differences between them which will indirectly determine if you are to gain or lose in your condo investment in the future.
New condos for sale offers improved or better features than their older counterparts. However, there are issues that you should check and compare against old condos.
The area that I would like to put emphasis on is the “maintenance expense” that will be incurred into your account monthly by the condominium association.
For old condominium units: While older units do not exactly mean higher monthly maintenance expense, you should check upon the overall condition of the old condo before making a decision.
You will need to check on the condition of the common areas. A non-functioning elevator for example would most probably lead to repair expense for the condominium association. This in turn could lead to higher association dues which you will need to pay on a monthly basis.
For new condominium units: New condos for sale really do not give you an assurance of a gain on your investment in the future. One thing I can very well recommend in looking into new condos for sale is….. Check on the developer of the condominium.
Do your research on the background of the developer. Check on previous projects. Check if they have live up to what they have committed based on the portfolio of the project. You may visit a previous project and probably chat with owners/residents if they encounter problems with their condo units.
A problem on the previous project is an indicator of potential higher maintenance cost in the future which will in turn affect the outcome of your investment.
From this, you may very well come to a sound decision whether your investment will be a gain or not. Have a look again into new condos for sale.
Friday, March 20, 2009
Condos Makati
Condos Makati
Condos Makati is a great place to live!
Condos Makati particularly refers to condominium units in Makati City, Philippines. Makati City is the financial center of the Philippines. Many new condominium units are being built on this city to cater to the demands of both foreign nationals and locals.
Let me tell you about Makati to prove my point that it is a great place to get a condominium unit – a condos Makati.
Makati as described by the city government’s website is by all rights a techno-city. It is the most preferred location of investors in the Philippines. Indisputably, it is the financial center and commercial hub of the country. It is headquarters to 40 percent of the top 1,000 multinational and local corporations in the country.
It is an EXPAT friendly city. To date, there are 54 embassies and 35 consulates in the city. Given this fact, a foreign national owning a condos Makati is sure to feel secure in this city.
Living in a condos Makati means you are conveniently located near big commercial centers. Shopping, dining and leisure wouldn’t be a problem since you have easy access to world class commercial centers like the Glorietta, Ayala Center and Rockwell malls.
It is one of the centers of activities in Metro-Manila. Being the country’s financial district, lots of hard working office personnel and professionals go out after work to cap the night in Makati City. Foreign nationals also abound the nightlife in Makati. Seldom can you find a bar or a restaurant wherein there is not a foreigner inside. Not so good news though to smokers…. The city government of Makati has a strict anti-smoking law inside the clubs and restaurants. Well, this could be good news to those who hate smoking!
To cap it all, a condos Makati will give you a prestigious address... one that will give you distinction and recognition of what befits you as a hardworking and professional individual. Go ahead and think of owning a condos Makati.
Condos Makati is a great place to live!
Condos Makati particularly refers to condominium units in Makati City, Philippines. Makati City is the financial center of the Philippines. Many new condominium units are being built on this city to cater to the demands of both foreign nationals and locals.
Let me tell you about Makati to prove my point that it is a great place to get a condominium unit – a condos Makati.
Makati as described by the city government’s website is by all rights a techno-city. It is the most preferred location of investors in the Philippines. Indisputably, it is the financial center and commercial hub of the country. It is headquarters to 40 percent of the top 1,000 multinational and local corporations in the country.
It is an EXPAT friendly city. To date, there are 54 embassies and 35 consulates in the city. Given this fact, a foreign national owning a condos Makati is sure to feel secure in this city.
Living in a condos Makati means you are conveniently located near big commercial centers. Shopping, dining and leisure wouldn’t be a problem since you have easy access to world class commercial centers like the Glorietta, Ayala Center and Rockwell malls.
It is one of the centers of activities in Metro-Manila. Being the country’s financial district, lots of hard working office personnel and professionals go out after work to cap the night in Makati City. Foreign nationals also abound the nightlife in Makati. Seldom can you find a bar or a restaurant wherein there is not a foreigner inside. Not so good news though to smokers…. The city government of Makati has a strict anti-smoking law inside the clubs and restaurants. Well, this could be good news to those who hate smoking!
To cap it all, a condos Makati will give you a prestigious address... one that will give you distinction and recognition of what befits you as a hardworking and professional individual. Go ahead and think of owning a condos Makati.
Sunday, March 15, 2009
Condo Law
Condo Law
Condo law is one significant aspect that should be looked carefully when one is considering of investing in a condo.
Condo law in the Philippines states that foreign nationals are allowed to purchase condominium units. They are allowed to own Condominium Certificates of Title (CCT). This is duly protected by Philippine Law under Republic Act 4726 otherwise known as “Condominium Act of the Philippines.”
It is also stated in condo law RA 4726, that a condominium unit is sold vis-à-vis the corresponding rights, shares and other interest in the condominium management body or the condominium corporation. It is also stated that nobody can purchase shares in a condominium corporation without actually purchasing a condominium unit.
However, there is a prescribed limitation on this law. Foreigners are only allowed ownership to condominium units up to not more than 40% of the total capital stock of the condominium project. This is specifically stated in Philippine condo law.
You as a foreigner will also need to secure Special Visas to complete ownership and control of a Philippine condo unit. These include a Retirement Visa which may be applied through the Philippine Leisure and Retirement Authority (PLRA) where proposed investments may qualify the applicant for a Philippine Retirement Visa.
There is also a Special Resident Retiree’s Visa (SRRV) which is servicing applicants with on-going or existing investments in the Philippines. The policy has been in place since October 28, 2003. There is a bank deposit requirement in the form of US dollar time deposit to support the SRRV. However, ongoing or pre-existing investments which can be in the form of previously purchased condominium unit, corporation shares of stock, proprietary membership shares and leasehold agreements can be accepted instead of the required US dollar time deposit.
This may look complicated, but I really do suggest that in order to protect your right and privileges as a foreign national buying a condominium unit in the Philippines, you should look into further detail in Philippine condo law.
Condo law is one significant aspect that should be looked carefully when one is considering of investing in a condo.
Condo law in the Philippines states that foreign nationals are allowed to purchase condominium units. They are allowed to own Condominium Certificates of Title (CCT). This is duly protected by Philippine Law under Republic Act 4726 otherwise known as “Condominium Act of the Philippines.”
It is also stated in condo law RA 4726, that a condominium unit is sold vis-à-vis the corresponding rights, shares and other interest in the condominium management body or the condominium corporation. It is also stated that nobody can purchase shares in a condominium corporation without actually purchasing a condominium unit.
However, there is a prescribed limitation on this law. Foreigners are only allowed ownership to condominium units up to not more than 40% of the total capital stock of the condominium project. This is specifically stated in Philippine condo law.
You as a foreigner will also need to secure Special Visas to complete ownership and control of a Philippine condo unit. These include a Retirement Visa which may be applied through the Philippine Leisure and Retirement Authority (PLRA) where proposed investments may qualify the applicant for a Philippine Retirement Visa.
There is also a Special Resident Retiree’s Visa (SRRV) which is servicing applicants with on-going or existing investments in the Philippines. The policy has been in place since October 28, 2003. There is a bank deposit requirement in the form of US dollar time deposit to support the SRRV. However, ongoing or pre-existing investments which can be in the form of previously purchased condominium unit, corporation shares of stock, proprietary membership shares and leasehold agreements can be accepted instead of the required US dollar time deposit.
This may look complicated, but I really do suggest that in order to protect your right and privileges as a foreign national buying a condominium unit in the Philippines, you should look into further detail in Philippine condo law.
Thursday, March 12, 2009
Condos Philippines
Condos Philippines
Condos Philippines if I may would, refers to condominium properties available in the Philippines.
Condos Philippines (or condo in the Philippines) is a very good investment. Why then would you invest in the Philippines? Let me give you brief information on the Philippines.
- is an archipelago composed of 7,107 islands
- by far the most fluent English speaking country in Asia
- is a very rich country in terms of natural resources
- has a tropical climate; average temperature is at the range of 26 to 27 degrees Celsius
- tourist destinations abound; among them lots of beaches thus it is among the perfect destinations to relax
- warm, friendly and very hospitable people
- you can experience comfort and luxury at a small cost compared to other countries when you invest in buying condos philippines
- capital city is Manila
- center business district is Makati City
Among the items I mentioned above, let me give emphasis on the warm, friendly and hospitable people that the Filipinos are. I could say that this is very much embedded in the Filipino culture. A guest is most of the time treated as “royal” when accepted in a Filipino home. Filipinos probably are the friendliest people in Asia.
If you are a foreigner and planning to venture more or perhaps live in the Philippines, I would say that you should consider getting a condos philippines (or condo in the philippines).
If you are a Filipino-American living in the states, I would recommend also that you consider investing in a condo in the philippines.
Considering the present economic uncertainties all over the world, real estate investment among them owning a condo unit would very well be a wise investment. The value of your property would certainly be higher once the world economy surges upwards.
I do hope that I have given you insights on owning a condos philippines.
Condos Philippines if I may would, refers to condominium properties available in the Philippines.
Condos Philippines (or condo in the Philippines) is a very good investment. Why then would you invest in the Philippines? Let me give you brief information on the Philippines.
- is an archipelago composed of 7,107 islands
- by far the most fluent English speaking country in Asia
- is a very rich country in terms of natural resources
- has a tropical climate; average temperature is at the range of 26 to 27 degrees Celsius
- tourist destinations abound; among them lots of beaches thus it is among the perfect destinations to relax
- warm, friendly and very hospitable people
- you can experience comfort and luxury at a small cost compared to other countries when you invest in buying condos philippines
- capital city is Manila
- center business district is Makati City
Among the items I mentioned above, let me give emphasis on the warm, friendly and hospitable people that the Filipinos are. I could say that this is very much embedded in the Filipino culture. A guest is most of the time treated as “royal” when accepted in a Filipino home. Filipinos probably are the friendliest people in Asia.
If you are a foreigner and planning to venture more or perhaps live in the Philippines, I would say that you should consider getting a condos philippines (or condo in the philippines).
If you are a Filipino-American living in the states, I would recommend also that you consider investing in a condo in the philippines.
Considering the present economic uncertainties all over the world, real estate investment among them owning a condo unit would very well be a wise investment. The value of your property would certainly be higher once the world economy surges upwards.
I do hope that I have given you insights on owning a condos philippines.
Wednesday, March 11, 2009
Buying Condo
Buying Condo
Buying condo (or buying a condo) can frankly be considered an experience. Mixed emotions of excitement and anxiety are common for most buyers of condominiums. Since it literally involves a considerable amount taken out from your pocket, you would consider this as one significant decision in your lifetime.
Buying condo is a long term investment. You will be making the decision hence; you need to considerably put effort into looking and doing some basic research on the condominium that you would like to buy. Be informed and restrain yourself from making impulsive decisions.
Here are number of check items that you need to consider in buying condo.
1. Check out your budget. Consider how much out investment and monthly expense (such as taxes and condominium association dues) you are going to allot for buying one.
2. How much space do I need? Consider your space requirements. Are you going to use the condo unit alone or with your wife and family?
3. Check on the location of the unit. Take into account the distance and travel time of the condo from your workplace or business. Put into consideration the accessibility to malls, hospitals and service shops like auto maintenance shops and the like.
4. Check on the traffic in the area. You will from time to time be constrained with the hassle of commuting or using public transport. Take into account the availability of taxis and other modes of transportation that is easily available in the area.
5. Check on the security measures of the condominium. Security guards 24/7 should be compulsory.
6. Safety. One thing that is most often not taken into consideration in buying condo are the safety measures and equipments. Be aware of safety features such as fire sprinklers, convenient fire exits and ample alarm systems.
7. Earthquake protection. Check with the developer if the condominium you are looking into strictly adhered with construction guidelines with regards to earthquakes.
8. Amenities. Compulsory amenities include convenient elevators and parking spaces. Gym, spas, swimming pool and playground areas for kids should be highly considered in buying condo.
9. Check on your possible neighbors. You may want to ask who has already bought some of the units. This will give you an idea of who will you be dealing potentially in the future. You may not want a rockstar living next to your unit.
10. Check on the reputation of the builders of the condominium. Check if the builders have already completed a particular condominium or if they have other completed real estate projects. Check on the completed projects if the builders have lived up to what they have committed before deciding on buying condo.
The above items are just a quick run through of the things that you need to check in buying condo. However, they consist most of the significant things that you need to really consider before deciding. Do not be stress by all of these. Take your time, be patient and do your research before buying condo.
Buying condo (or buying a condo) can frankly be considered an experience. Mixed emotions of excitement and anxiety are common for most buyers of condominiums. Since it literally involves a considerable amount taken out from your pocket, you would consider this as one significant decision in your lifetime.
Buying condo is a long term investment. You will be making the decision hence; you need to considerably put effort into looking and doing some basic research on the condominium that you would like to buy. Be informed and restrain yourself from making impulsive decisions.
Here are number of check items that you need to consider in buying condo.
1. Check out your budget. Consider how much out investment and monthly expense (such as taxes and condominium association dues) you are going to allot for buying one.
2. How much space do I need? Consider your space requirements. Are you going to use the condo unit alone or with your wife and family?
3. Check on the location of the unit. Take into account the distance and travel time of the condo from your workplace or business. Put into consideration the accessibility to malls, hospitals and service shops like auto maintenance shops and the like.
4. Check on the traffic in the area. You will from time to time be constrained with the hassle of commuting or using public transport. Take into account the availability of taxis and other modes of transportation that is easily available in the area.
5. Check on the security measures of the condominium. Security guards 24/7 should be compulsory.
6. Safety. One thing that is most often not taken into consideration in buying condo are the safety measures and equipments. Be aware of safety features such as fire sprinklers, convenient fire exits and ample alarm systems.
7. Earthquake protection. Check with the developer if the condominium you are looking into strictly adhered with construction guidelines with regards to earthquakes.
8. Amenities. Compulsory amenities include convenient elevators and parking spaces. Gym, spas, swimming pool and playground areas for kids should be highly considered in buying condo.
9. Check on your possible neighbors. You may want to ask who has already bought some of the units. This will give you an idea of who will you be dealing potentially in the future. You may not want a rockstar living next to your unit.
10. Check on the reputation of the builders of the condominium. Check if the builders have already completed a particular condominium or if they have other completed real estate projects. Check on the completed projects if the builders have lived up to what they have committed before deciding on buying condo.
The above items are just a quick run through of the things that you need to check in buying condo. However, they consist most of the significant things that you need to really consider before deciding. Do not be stress by all of these. Take your time, be patient and do your research before buying condo.
Monday, March 9, 2009
Island Condominiums
Island Condominiums
Island condominiums is all about condominiums
in the islands of the Philippines. There are currently a lot
of condominium units being offered here in our country.
Hopefully, through this blog, I can guide you in one way
or the other in helping you find the right condominium
unit that suits you and your needs.
Island condominiums shows you the Philippines.
Given the vast number of condominium projects here in the country,
most of those planning to get one could probably encounter a
hard time looking into one if he is not sufficiently informed
on this area.
It could be the sales agent becoming a nuisance rather than a help
or just about the property itself which in some way does not suit the
taste of the one looking for the condominium unit.
Hopefully before looking into a condominium unit,
you could do away with those things through relevant info from this site.
Relevant Information on investing in condominium units in the
Philippines will be discussed on island condominiums.
You need to be aware of Philippine laws and regulations on acquiring
real estate property. Your places of interest needs to be taken cared
for like if you are a businessman, you would most likely need
a unit in Makati which is considered to be the central business
hub of the country.
It is my wish and intention that I will be able to help you
in this endeavor through island condominiums.
Island condominiums is all about condominiums
in the islands of the Philippines. There are currently a lot
of condominium units being offered here in our country.
Hopefully, through this blog, I can guide you in one way
or the other in helping you find the right condominium
unit that suits you and your needs.
Island condominiums shows you the Philippines.
Given the vast number of condominium projects here in the country,
most of those planning to get one could probably encounter a
hard time looking into one if he is not sufficiently informed
on this area.
It could be the sales agent becoming a nuisance rather than a help
or just about the property itself which in some way does not suit the
taste of the one looking for the condominium unit.
Hopefully before looking into a condominium unit,
you could do away with those things through relevant info from this site.
Relevant Information on investing in condominium units in the
Philippines will be discussed on island condominiums.
You need to be aware of Philippine laws and regulations on acquiring
real estate property. Your places of interest needs to be taken cared
for like if you are a businessman, you would most likely need
a unit in Makati which is considered to be the central business
hub of the country.
It is my wish and intention that I will be able to help you
in this endeavor through island condominiums.
Subscribe to:
Comments (Atom)
