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1174 Real Estate Properties For Sale In The Philippines.
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1174 Real Estate Projects for sale in the Philippines. For Price List, model house, floor plans, payment terms, CHAT LIVE with an agent 24x7
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| Property | Content |
|---|---|
| type | article |
| title | PH Real Estate For Sale |
| site_name | PH Real Estate |
| description | Millennials today live for the moment. They buy the latest gadgets, take expensive trips, and spend crazy money on food like there’s no tomorrow. Just don’t. You’re not going to be 30 forever.But not you, dear reader! You know that investing your money is the best way to be financially secure and stable. You’re wise, motivated, and in it for the long run.If you’re clueless about what to invest in, you’re in luck. This article will teach you all about the exciting and wonderful world of investing in Real Estate!From Condominium units to house and lots, to discussing prime locations, acquiring loans and everything in between, we’ve got you covered!Why Invest in Real Property?Investing in real estate makes sense because unlike cars, gadgets, or other items, real estate is an asset that appreciates, or increases in value, over time. To better appreciate this concept, let’s look at other items and see how they stack up.There’s a popular saying which goes, “If it rides, flies or floats, it’s cheaper to rent it.” And with good reason! Cars (or any vehicle, for that matter) require gas and oil to run. They’re a headache to maintain, repair, and find spare parts for. They may be good today, but they’ll be outdated in 5 years. They’re depreciating assets. Think about it. Vehicles can break down, stock market prices can fluctuate, gadgets will get outdated… but a piece of land lasts forever. (Not if you’re in China though, where the land is yours for 70 years only.) But aside from land, other real estate investments are also built for longevity. Let’s discuss condominium units. Though condos won’t last forever, reputable property developers will maintain their projects enough to last a lifetime. (In fact, we have a detailed review of the major property developers later on in this article! You may want to check that out to see if that condo you’re eyeing deserves your hard-earned money.)And even if the condo developer goes bust… there’s no need to worry! Did you know that each condominium unit owner is a stakeholder in the condominium project? They have a say as to what will happen to the condominium project, such as partition or sale of the entire project, as if the unit owners were co-owners of the entire project.With longevity and stability as the main reasons, it’s easy to see why capitalizing on Real Estate Property is a wise investment.Philippine Property Market Outlook is Big and BoomingNow is the best time more than ever to invest in real estate in the Philippines ! Why, you may ask? It’s mainly due to the favorable market conditions brought about by a strong and steadily growing economy. The Philippine economy just posted a growth of 6.4% in the 1st quarter of 2017, second only to China. It’s one of the strongest performers among emerging economies in Asia, and it has no signs of slowing down anytime soon. Investing in real estate makes sense because of…1. Huge demand. Be it for tourism or business, everyone wants a piece of the Philippines. Tourists are coming in by the millions, and the population is growing steadily. These conditions are perfect for those looking to capitalize on real estate investments. For example, let’s focus on one industry alone: Call Centers. As the country with the highest English speaking population in the world, the Philippines is good for Call Center businesses. Lots of jobs are being generated by that industry alone, and condos and other apartment rentals are popping up just to accommodate the influx of workers. And that’s just one industry alone; imagine all the other expatriates and foreigners working here. There’s a huge demand for real estate investments, so now is the perfect time to invest.2. ASEAN, Foreign expansion, and the China effect. ASEAN will open the doors for Visa-less travel between neighboring Asian countries. The result? More tourism, more jobs, and more growth.As for foreign expansion and the China effect, many projects are lined up ensuring Philippine growth… around $15 billion worth. The projects include hotels, airport segments, telecommunications, and even steel plants.Now, wouldn’t you want to capitalize on all that business? 3. Flexible payment schemes. There are many ways to pay for your real estate investment. From government loans like PAG-IBIG to banking loans that start as low as 4.75% interest, institutions are making it easier for you to own real estate through flexible payment schemes. Just remember to have a good credit rating, a stable income, and collaterable assets, and you’re all set. Say hello to your new investment! Loan approved, in easy to pay installments.Now that you’re convinced about investing in real estate in the Philippines, let’s take a look at the different property segments and locations so that you have an idea where to scout and look.Property Prices in Philippines When investing in real estate in Metro Manila, there are three key points that you must consider. First is Location, Second is Property Development, and Third is the Price Point and Payment Options. We’ll discuss all three in detail.1. LocationWhen scouting for real property to invest in, remember the golden rule: “Location, location, location.” The price of “prime lots” is dictated by where they are situated relative to the urban center. For your property to be hot stuff, it must be near offices or schools, malls or recreational facilities, or hospitals and churches. However, this rule is flexible depending on the type of property that you’re looking at. Let’s illustrate.For farms and lots – location is not necessarily important. The purpose of this type of investment is for growing crops, or maybe you want a huge tract of land for a garden, resort, or vacation house. So even if your property is out in the boondocks (bundoks), location is not necessarily important as long as it fits the proprietor’s needs. For house and lots and condos – Given today’s millennials or growing families, location is the first thing that they’ll look at when renting property. After all, the success of all these condominium projects popping up is mainly on the premise of convenience and access. Is it walking distance to the kids’ schools or universities? They wouldn’t have to commute or take a school bus. Is it near the office? That’s less time spent on travelling, which can be dedicated to family bonding. Traffic is also a big factor why the urban condo lifestyle is booming. Between two condo units for sale, the first one walking distance to the mall, the second one requiring a simple 5-minute ride; the one nearest to the mall will win every single time. That’s the style of property developers to ensure that they have a good customer base for their malls. They build their condos around malls and shopping centers where it’s convenient for the tenants to just go down from their units and just shop and go around. Look at SMDC, Eastwood, Century Development, the list goes on. They also construct their projects near train stations and bus terminals.Though there may be some tradeoffs, in general the rule stands that a prime location is key to a solid real estate investment.2. Property DevelopmentProperty Development can be broken down into two key points: First, Zoning. Second, is the Property Developer itself.ZoningThe Philippines is notorious for having a mixed bag of property zones. It’s common for subdivisions, restaurants, and even factories to co-exist within a few blocks away from each other. Compare the streets and avenues of New York to Makati’s patchwork. Both are Commercial Business Districts.That’s why you need to be diligent and examine the vicinity properly. Believe it or not, a village in Antipolo lives right next to a cemetery. What’s bad about it is that the village is situated on top of a slope, and the cemetery down below… so you have a wonderful, overlooking view of all the plots and tombstones at the bottom. Quite eerie. So for investment purposes (and also for personal purposes, should you wish to use the property in the future), it’s best to plan, study, and do your homework first before signing that contract.Property DeveloperThe next key point is about the Property Developer, or the company in charge of building the project. The property developer must have a proven track record, a good reputation, and transparent company practices. If not, you’re in for a whole world of pain. You might think that you’re getting a good deal on an affordable house, but in reality you’re setting yourself up for headaches in the future. They have quality control problems, ridiculously long construction times, or hidden fees that will charge you up to your eyeballs.For example, a property developer (let’s not name names) sells its real estate for quite an affordable sum, so buyers are baited early on into committing. But later on, they would be charging other expenses, like Legal Miscellaneous fees which cost 200,000 pesos! This is sneaky and devious because if you look at legitimate property developers like Ayala Land, SMDC, and others, they don’t impose such fees and are transparent with their billing statements.Buying from a reputable property developer will help you avoid headaches, and give you peace of mind on your real estate investment.3. Price Point and Market SegmentThe third factor that is worth looking into is the Price Point and Market Segment of your intended real estate investment.Price PointPrice point, of course, is the main factor that every buyer will look at. Not everyone is minted, in fact quite the opposite! Most people are either cash strapped or do not yet have the entire value of the property on hand. That’s why mortgages, loans, and flexible payment schemes are the common practice.But whichever way you look at it, the price point should be competitive when the property is matched up against similar competitors or projects. Is the unit more expensive than other projects within the vicinity? What are the inclusions, is it fully furnished or does it come with a parking space? Are the payment schemes flexible and easy to work with? Of course price point is a major factor that you should consider, and you should really do your homework and compare the best options in order to get your money’s worth. Market SegmentOn the other hand, market segment is the type of market that the property belongs to. There are three main categories: low cost housing, midrange, or high-end. To determine what category your property development belongs to, the first thing you can do is to look at the price point. But market prices change over time, so aside from looking at the price, you also have to look at other factors.Usually, you’ll know the market segment instinctively by looking at the name, branding, and track record of the property developer. If you notice, property developers won’t really tell you if their project belongs to which certain category. It all boils down to branding, advertising, type of materials used, unit size and quality, and a host of other factors. Property developers may use the words “affordable housing” or “upscale, premier” in order to describe their property.Example: Getting along with the NeighborsLast but not the least, is the type of clientele that this market segment caters to. You get what you pay for of course, and so you should expect the kind of neighbors that you will have to deal with. Case in point: a home owner was complaining that he can’t get any sleep at night. His next door neighbor was always rowdy and loud even way past midnight. As much as he does not want to discriminate, their neighbor was an OFW or seaman and every time he goes home, there would be drinking and karaoke sessions until the wee hours of the morning. This property development was somewhere along the low cost to mid-range category. As you can see, you also have to weigh market segment and price point as important factors in your real estate investment journey. |
| url | www.phrealestate.com |
| image | https://www.phrealestate.com/uploads/33c0803a3a204.jpg |
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Keywords Cloud
manila land metro cavite projects condos city san batangas laguna
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