Are condominiums good investment? Real Estate Philippines

Admin, please delete.

Double posted

As a seller of both condo & landed properties, I say it depends on your requirements.

PROS.
- Condos are located on prime locations
- Great with active lifestyle
- Walking distance to work, study, etc.
- Usually has modern facilities than landed developments.
- Easier to rent, especially to expatriates
- Can be sold to foreigners, so even married to foreigner it can be named to the spouse.
- Greater views both morning and at night especially if you have balcony.
- No rush hour traffic, saves fuel.
- Safe on floods, however basement parking is an exemption.

CONS
- Much more expensive, usually 3-20x more expensive than landed properties.
- Parking is sold separately

- You have to wait longer for turn-over usually 3-5 years (vs landed of 6mos to 2 years)

- Higher association/management (usually 5-20x higher) dues as well as real property taxes (3-20x higher).
- Cannot renovate exterior of the building.
- If mid/high rise ANG TAGAL magantay sa elevator especially rush hour.
- facilities although modern but smaller.
- You own none or the very best a tiny fraction of the land the building stands on.
- Some of the low cost condos are considered fire/earthquake trap.

So it all depends on your lifestyle where you should invest your hard earned life savings. I personally have both a condo as a daily refuge and a bigger lovelier house in Cavite & Bulacan.

Thank you for sharing your knowledge.

"If mid/high rise ANG TAGAL magantay sa elevator especially rush hour." This statement made me laugh. You seemed to have an experience in condo living. 

I actually made this post, because I was planning to purchase a unit. And I want to hear as welll, other people's views and reasons on why condominiums can be a good investment.

Hearing yours made the decision easier. I will be, as discussed in the family, will buy in Zinnia Towers. It is  a high- rise residential development set to stand at North Edsa, Quezon City, which is really great because of the easy access to malls and universities.

Thank you a lot.

ewan ko lang din kung tama yan? siguro nga ganun talaga. lupit nun ahh

CONDO INVESTMENTS:

1) Acqua Livingstone (sold out na po yung ibang buildings, eto na ang latest, just a bridge away to makati)

http://www.sulit.com.ph/index.php/view+classifieds/id/5921282/Condo+in+Mandaluyong+%3A+Acqua+Livingstone?event=Sulit.com.ph+Homepage%2CBrowsing+History%2CBrowsing+History

2) Azure: This one will have a man-made beach, great for vacation or rental
http://centurycondos.weebly.com/azure.html

 

 

 

 

 

 

 

 

 

condo is good kasi affordable ang terms ng karamihan. madalas halos self liquidating na. abono ka lang ng konti pag napa rent mo

Good investment po talaga ang condo.

Korek ang observations nya!

Let me also add: Condos are not a place to raise a family & kids.  Imagine living in a 25 sq mtr unit where your kids can't play hide & seek & cannot play with neighborhood kids

Yes, definitely. Buy & Sell or have them rented. If for residential naman, choose a condo that has the best amenities na and reasonable unit area.