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?