Beautiful real estate in the Philippines -
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Should You Invest In Philippines?
The Philippines is striving to become a main player in the global economy and if it continues to progress at its current rate, may soon achieve this goal. The recently re-elected government is more stable than it has been in many years and increased levels of inward investment and tourism stand the country in good stead for future growth. In addition, the amount of money and investment brought in by Filipino ex-pats is further boosting the economy.
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Overseas investors will need to consider the restrictions on ownership if they wish to buy here, as non-nationals cannot own property outright, apart from in certain circumstances. Though there are ways of circumventing the law it may not suit all types of investor.
For those who do decide to invest, prices are extremely low by European standards and there is the opportunity to buy well in both city and beach locations. The distance may make it too far as a holiday-home destination for European investors without a base or links to the region and so the main attraction would undoubtedly be as a buy-to-let investment with a focus on long-term capital growth. Overseas investors will, however, need to consider the costs of owning and renting here. All income, including rental returns, earned by non-residents is charged at 25% tax. Value added tax of 12% is also added onto the overall costs if rent exceeds 10,000 PHP per month and charges associated with the employment of a management firm to organize rentals may also be incurred.
More stable government than previous years Growing inward investment and tourism Low prices compared with European standards
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Rental yields for condominiums located in Makati CBD, Rockwell, Ortigas Centre and Fort Bonifacio, municipalities that make up the Metro Manila are high. Smaller apartments yield at the highest amount with studio apartments in prime areas of Metro Manila earning 13 – 15% yields. The highest yields are achievable on the smallest apartments approximately 30 square metres in size, earning 15.1% yields. A larger studio approximately 40 square metres in size is expected to achieve a lower return of 12.9%.
The Philippines suffered a big price drop during the 1997 economic downturn in Southeast Asia but prices have climbed overall in the past five years by just under 27%. In 2006 there was around a 4% average increase in the Philippines market with Manila seeing luxury apartments increase in value by around 9.5%. Nevertheless, prices in all areas of the Philippines are substantially cheaper then in more developed markets. Square metre prices average around 68,600Php and apartments start at under 2mPhp but much of the cheaper property will be in areas that are not necessarily attractive to the better-off tenant or future buyer. Satisfactory property in rentable locations starts at around 4mPhp for a one-bedroom apartment in a complex with facilities such as a gym, a swimming pool and 24-hour security. High-end, three- or four-bedroom apartments in swanky Fort Bonifacio or the Greenbelt area sell for around 20m to 30mPhp. The government is considering relaxing restrictions on foreign ownership and if this happens prices will probably climb at a faster rate.
Manila Condominium: TYPE OF DEVELOPMENT High-Rise Residential Condominium 1 Building 41 Residential Floors 4 Level Podium Parking Single Loaded Corridors ARCHITECTURAL THEME : Contemporary Art Deco UNIT TYPES : 1 BR, 2-BR and 3-BR TOTAL UNITS : 923 Units NO. OF PARKING LOTS : 702 slots (~65%) OPEN SPACE: 66.5 % of land area (approx 4,958 sqm) TURN OVER DATE : November 2016 An eight hectare prime property situated in the serene suburbia of Taguig City, 3.65 kms from Bonifacio Global City. It features well-crafted homes with a distinct Asian contemporary design. Approx. Gloss Floor Area; 180 sqm to 489.25 sqm House Models Available: Townhouse, Duplex, Single Detached and Single Attached Price Range Php 6.3 to 26.8Million or (USD146,500- USD623,300) Manila Condominium: Project Type: 55 storey high-rise residential development Product Type: Condominium units w/ limited commercial space Unit Type/Mix: Studio, 1-Bedrm, 2-Bedrm & 3-Bedrm Unit Mix Total Lot Area: 2,080.80 square meters BLDG Footprint: 1,614.86 sqmeters No. of BLDGS: 1 Tower on an 8-Level Podim FLOOR AREA: 66,013.07 sqmeters (including the amenities, deck and parking) No. of Units: Limited to 1,014 units only, 193 parking slots Price range: 2.0 Million to 9.22 Million YM: email@example.com Manila Condominium: Location: Taft Avenue. , PasayCity (University Belt, Churches, Commercial, Gov't Offices,Parks) Land Area: 1-Hectare(10,086 SQM.) Type of Development: High-rise Residential Condominium 2 Buildings 41-Storeys each 35 Residential Floors 6-Level Parking Podium Unit Types: Studio, 1-BR, 2-BR & 3-BR Total Units: 1,380 Units (690 Units per Building) Total Parking Slots: 507 Parking (36.74% or 1:3 Ratio) Building Footprint: 40% of Lot Area Open, Price: 1.8M –5M Ready For Occupancy Units are also available!!! Limited units left!!! Reserve now for as low as P 10,000 and pay only 10% Down Payment! (DP is payable up to 3 months) As low as P 3,942 / mo. for the pre-construction units! (Down Payment - 24 months) own an exclusive condominium unit. Strategically located close to MAKATI,MANDALUYONG and to the center of MANILA CITY. Units starts from: STUDIO- 21.05sqm. (3,425/month) 1 BEDROOM- 29.20sqm. (7,471/month) 2 BEDROOMS- 44.35sqm. (12,711/month) Studio (21.05 sq.m.) - P 1,073,550 1 bedroom (28.1 sq.m.) - P 1,433,100 2 bedrooms (44.35 sq.m.) - P 2,306,200
In the Philippines ...
Property developments are designed using international concepts and standards.
Strategically-located developments near Central Business Districts (CBDs) in urban cities, schools, malls, churches and hospitals.
Due to the effects of the 1997 Asian economic downturn, prices are very affordable and the payment options and/or financing terms more flexible.
Philippine property appreciates at an average of 10% per year, which is higher than 3 to 6% US properties get. This translates to a higher Return On Investment (ROI)
The slump in real estate in the last 7 years has resulted to a dramatic reduction in the supply of new real estate projects. However, demand for housing units has continued to rise because of the growing population of the Philippines. Thus, real estate projects that will come on stream in the next few years are guaranteed a steady stream of interested buyers and tenants.
Housing is always a rewarding investment as it gives one a sense of pride and ownership
After a 7-year downturn, the Asian market that includes the Philippines is expected to recover and outperform other markets. Consumer incomes are rising, unemployment is falling and interest rates are modest. Prices in Metro Manila are inexpensive compared to other major cities around the world.
Property is a good hedge against inflation
Rental income from property is a stable source of income, and while it may fluctuate, is highly unlikely to vanish altogether, unlike stocks. Real estate always has a residual value. Although prices can certainly fall as well as rise, property values will never fall to zero unlike shares or hedge funds
Property is a kind of hybrid asset with the capital appreciation of a stocks but the income producing capacity of a bond. Real estate in prime locations is always an excellent collateral security against loans, and allows financing to be secured anytime. Units in projects are being sold pre-development generally appreciate in value when the project is finished. Units in projects that are near malls and other high traffic areas easy to rent out Buying real estate on installment basis is like buying a pre-need plan. Paying for it in installment for a future need. The demand for housing of all types is greater than supply. The backlog for housing is about 4 million units.
Best Selling Metro Manila Condominiums: Ambient
light and fresh air permeate the building and all the unit spaces from
three-storey high openings called Sky Patios at the front and back of
every five floor levels. Openings at both ends of each level,called
Breeze ways,allow wind to pass through and circulate ,providing
cross-ventilation.Employing basic principles of airflow with the
introduction of the central garden atriums as channel through which air
can move .Lumiventt design technology draws stale air out of
the building while letting in cool breezes.We basically engineered
buildings that breathe.
Part 1 of 2, HIGH RISE CONDOMINIUM Torre de Manila -launched May 18 (Kalaw, Manila) Zinnia Tower - launched Jan. 3 (Munoz QC) One Castilla Place - launched Jan 23 (Valencia Hillas, QC) Flair Tower (Relliance Mandaluyong)Tivoli Gardens (Mandaluyong City)La Verti (Taft Ave Pasay)Royal Palm (Acasia Estate Taguig near The Fort)Sorrel Residences (Manila)The Amaryllis (E. Rodriguez QC)Dansalan Garden (Mandaluyong) Part 2 of 2, MID RISE Siena Park Residences (Bicutan Taguig) The Redwoods (Fairview, QC) Stellar Place (Visayas Ave., Q.C.) Maricielo Villas (Casimiro, Las Pinas City)The Arista (Sto Nino Paranaque) Cedar Crest (Taguig Acasia Estate) Rhapsody (Muntinlupa) Raya Gardens (West Service Road, Bicutan)East Raya Gardens (Mercedez, Pasig) Serissa (Las Pinas CIty)
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