The real estate market in the Philippines is booming, and it doesn't seem like it will slow down anytime soon. Industry insiders concur that the Philippines' real estate market is far from entering a bubble—a situation in which there is a significant mismatch between supply and demand—despite the higher price and the fact that much more favorable conditions exist in house financing. Anyone considering purchasing a condominium has good reason to be concerned about a bubble.
Ultimately, you would want to invest now to ensure that your Philippine real estate property investment turns out as planned. If you're interested in purchasing a unit for your own use, you shouldn't worry about the existence of a bubble because you won't be selling the property anytime soon, and capital growth will just be a bonus. Here are the pre-sold properties around Metro Manila.
Living in a condo is appealing because of how convenient it is. First of all, a condo for sale is typically located in a central area, making it a convenient location to get to stores, banks, and other places that people frequently visit. Additionally, an ideal pre-sale condo is strategically located close to areas of employment, eliminating the need for lengthy commutes.
Despite the fact that condo living means smaller living areas, there are advantages to the smaller size, such as requiring fewer furniture purchases and less cleanup. And since many condos for sale have options to suit a wide range of budgets, many people find themselves saying, "It may be tiny, but it's mine." If you're hoping to say the same and have some extra time, you may think about purchasing a condo.
Here are some of the advantages of buying a pre-sale condo
You get the best deal with pre-sold condos.
You will be asked to pay a cheap sum in order to entice you to make an investment, even though you do not yet own a physical condominium unit. You will even receive a discount if you make the down payment in full.
As time goes on, pre-sale units and their prices will change, but you won't have ample time to worry about that because all of those things are merely myths about condo units, and the lowest price you pay is what was agreed upon. You pay the easy way during this pre-selling phase.
Condos at the pre-sale stage that are pre-sold typically have more lenient conditions for payments, making it easier for you to meet your monthly obligations.
Let's say you are interested in investing in a pre-owned condo unit that costs 1.8 million pesos, and the project is scheduled to be completed in three years. You will have to pay 540,000 pesos if the down payment is 30% of the total. If you divide your monthly payments by that amount over the 36 months or three years needed to complete the project, your monthly payment will come to just PHP 15,000.
You get to call dibs on the best unit locations.
After a project's completion is launched, there are plenty of units in prime locations to go around for the first six to nine months. If you enter into a pre-selling property agreement at this time, you'll be able to choose among the best unit sites. Many individuals would like to purchase condos, but the scarcity of available units in prime locations frequently deters them, leading them to choose to rent a condo instead.
You get a faster and better return on your investment.
The amount of the down payment that you pay for a pre-sale condo unit will not change until the prearranged date. But when you account for inflation, your fifteen thousand pesos will be worth fifteen thousand pesos in three years.
In addition, keep in mind that real estate values will rise, meaning that in three years, your apartment can be worth 40% more than it was at purchase. This basically means that if you take advantage of the pre-sale value of a residential condominium, you'll get more value for your money.
You can forget about it for now.
You may put your concerns about potential buyers moving into your apartment behind you because the property won't be finished anytime soon. All you need to do is remember to make your monthly installments on time. You can continue living your life as usual, knowing that in a few years your plan to move into a condominium will be carried out and you will reap the benefits of your investment.
You're undoubtedly convinced that living in a condo at this point. We don't need to use any kind of condo-buying pre-sale guide to persuade you. Your issue is primarily about whether or not you should benefit from pre-selling. You have to remember that there are hazards involved in investing in a property or whatever real estate investment you undertake. The benefits of pre-selling are real, even though they aren't infallible.
In the long run, you will undoubtedly receive greater value for your money because you will be paying cheap rates with favorable and more flexible payment terms. Working with a reputable property developer is the best method to alleviate your concerns about pre-selling ambiguity. Allow their expertise to benefit you.
Set your mind at ease with their reputation. Allow their experience to construct the house of your dreams for you. In the real estate market of the Philippines, investing in pre-selling is your passport to the future and your route to becoming a multimillionaire. The future is you. Isn't the risk worth it for your future?
Here is the list of preselling condos at Vista Residences around Metro Manila that you should invest in
Kizuna Heights
Vista Residences' most recent pre-sale condominium project on Taft Avenue in Manila is called Kizuna Heights. It stands for the ever-deepening relationship between Japan and the Philippines. With its joint-venture agreement with Mitsubishi Estate Co. Ltd., the term "Kizuna" comes from a Japanese word meaning "connection" or "bond" between two individuals. This pre-sale condo in Manila is evidence of the friendliness, respect, and camaraderie that have existed between Japan and the Philippines for more than sixty (6) years.
Future Kizuna Heights residents will enjoy Japanese-style condo living where individuals or investors can discover their "Ikigai," a compound word in Japanese that combines the words "iki," which means "life," and "gai," which denotes value or worth. Happiness, purpose, motivation, and meaning are all part of the Japanese way of life.
The Ikigai way of life emphasizes striking a careful balance between one's personal and professional objectives. by remaining at the top of one's game and leading the kind of life that most people only dream of. Obviously, to be encircled by those they hold dear. Finally, remember to give back to the community that supported you in realizing your goals.
The Ikigai Lifestyle in Kizuna Heights is distinct from other condo styles and projects. Students are merely at the corners of the University Belt or in Taft Manila who can follow their job ambitions while having a careful balance between their passions and their professional and personal lives. It is close to Quezon City, where young professionals may also create their careers and reside in a reachable place, and it is near major business centers like Makati and Pasay City.
Plumeria Heights
Named for the Plumeria, or Kalachuchi, trees that once bloomed in abundance around Manila, the 11th tower of Vista's University Series will rise not far from the Taft-Quirino-San Andres crossroads, close at the base of the Quirino LRT station.
In partnership with the Yupangco Family, Plumeria Heights offers excellent accessibility for students and teachers from De La Salle University, College of Saint Benilde, Arellano University, Saint Scholastica's College, Philippine Women's University, Philippine Christian University, University of the Philippines-Manila, and Saint Paul University.
Compared to a full house or typical dorm, Plumeria Heights will offer academics and students safer and better quarters. The tower, which will rise to a height of 40 stories and offer breath-taking views of the vibrant city from above, will have a welcome area and lobby that are guarded around the clock. In the public sections, there will be closed-circuit television (CCTV) and smoke and fire alarms.
Bradbury Heights
Additionally, España Boulevard serves as a link to Quezon City and Makati City, two central business districts (CBDs) in the nation home to some of the nation's young professionals. Due to its prime location and the abundance of high-value homes in CBD regions, middle-class professionals looking for affordable condominiums to live in while following their hobbies can choose España Boulevard as an option, which keeps the neighborhood lively and vibrant.
España Boulevard's real estate industry market value is rising. The district now has fewer condominium properties than its surrounding ones. Even though its condo unit values have increased recently in comparison to the rest of Southeast Asia, prices have nonetheless remained lower.
Bradbury Heights by Vista Residences is a pre-selling property not only close to the country's finest educational institutions. However, its convenient prime location is also intended to provide better and safer living circumstances for its inhabitants. It can complete its homework in a calm setting with modern amenities that are uncommon in other Manila dorms, giving it peace of mind.
The Spectrum
One of Vista Residences' premier buildings, The Spectrum, is situated in the center of Ortigas Pasig, one of the country's most important business areas. This is a 34-story pre-selling project that will shortly rise along Julia Vargas, F. Ortigas Jr., corner Garnet Street, Pasig City.
It's a hybrid of a business and residential area that combines comfort and convenience with the hectic pace of a bustling street. Restaurants and other commercial spaces will be on the ground floor.
Without compromising other areas of its inhabitants' lives, the City of Pasig fosters property values, a vibrant way of life, and a wide array of possibilities for personal development. You can gain anything from a peaceful state of mind to a prosperous career and education once you decide to move to this city.
Just as the spectrum of colors depicts the range of hues from the lightest tint of white to the darkest shade of black, the future residents of Spectrum will have access to flexible payment schemes and a wide range of flexible payment options in any sector or vocation they are enthusiastically involved in.
Every apartment has a creative and practical layout of spaces. Given that the core values of Vista Residences are utility, style, and building apartments that people can truly call "home,"
Hawthorne Heights
Quezon City is the largest and most populated city in Metro Manila, being the city with the densest population. The densestly populated area of the city boasts a thriving economic center along with a diverse range of cultural and ethnic backgrounds.
It holds the title of "Philippines' Hollywood" and serves as the hub of the country's entertainment sector. Additionally, it is situated close to intellectual institutions and universities like the University of the Philippines—Diliman and Ateneo de Manila University.
Along Katipunan Avenue is Vista Residences' pre-selling property, Hawthorne Heights. Ideal for families, young professionals, and students, it offers studio apartments ranging from 19.50 to 21.00 square meters and one-bedroom apartments from 37.60 to 43.14 square meters. The one-bedroom and studio apartments are both completely furnished.
This 41-story pre-sale condo building features parking, retail, and residential spaces in addition to first-rate amenities. Coffee Project and AllDay, like all the Vista Residences properties, will be open to serve the needs of the local community as well as the residents themselves.
Sky Arts Manila
Gen. Malvar St. Cor. will see the rise of Sky Arts. Guerrero St. and Vasquez St., Malate, Manila. The 45-story, two-tower condominium project will be ideal for the neighborhood's youthful professionals and students.
The Sky Arts Manila residential condo building by Vista Residences offers a variety of condo units, ranging in size from studio to two bedrooms, each with a perfect layout and square footage to suit the various demands, monthly requirements, and lifestyles of future tenants and the condo unit's owners.
Although Vista Residences has a variety of condo buildings in Metro Manila, this one in Malate, Manila, provides a unique experience. In addition to its well-known neighborhood and other property assets, Sky Arts provides a contemporary Filipino way of life that is ideal for young professionals, families, and even students.
This condo in Malate, Metro Manila, offers the best experiences for both residents and investors.
Both young professionals and students can live on the site before selling condo units. The area of suitable units for a studio condo is 21 sq m. The condo complex has a number of options for a one-bedroom condo home with a fantastic view of the setting sun over Manila Bay for beginning families.
The project offers 2-bedroom units for large families looking for extra space for their kids to grow in a clean environment and who intend to live in the city permanently. Every residential condominium unit will be a completed unit when it is turned over.
Condos that are pre-sold are those that are offered for sale before the project is finished, while it is being built, or even in the planning phases.
To keep things easy, keep in mind that you are looking at pre-selling or pre-selling condo units, as long as the property is not yet completed. It's critical that you gain as much knowledge as you can regarding pre-selling in order to make an informed decision about whether or not to take advantage of condos that are being sold before their time.
It turns out that purchasing a condominium is not as easy as it seems. You should make sure you're investing your hard-earned money very wisely, because it's not inexpensive at all.
You won't find anything wrong with taking advantage of pre-selling and re-selling condos if you're one of those people who believes that the future is bright. If you work with a reliable developer, you'll have the security you need to put any fears you may have about pre-selling units to rest.
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