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Why Invest in a Pre-Selling Condominium? (Victoria de Malate)
While there are some people who would not want to buy a condo unit while it is still in its pre-sell stage, there are also those who prefer this than the ones that have already been turned over. There are actually a lot of benefits that you can get if you choose a pre constructed condo. One of the biggest benefits is that the condominium unit is usually much cheaper during this time. There are even some pre constructed units that can be sold half its price as a condo that has already been turned over.
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In addition, there is also the benefit of being able to customize the space more. If you are the unit owner of the condo, you can cooperate with the developers of the unit so you can have your walls, floors, and bathroom established already.
Should you decide to get a place of your own always think of the long term benefits for you, most developments that have liquid return of investment would be condominium which are easily disposable and houses and lots come in second so weigh out your options well.
So, what are the reasons why it is wiser to invest when it’s pre-selling?
1. Price is at its lowest – This is so true because you’re not buying a tangible unit yet. Developers initially offer it at the lowest price as a “come on” to investors like you so they can use your money to finance the construction. Several price increases happen as the project approaches completion and therefore giving a big yield on your investment.
2. Easier Investment Terms – The Initial Investment of Victoria de Malate which is usually 20% of the total agreed price is spread over 36 months prior to completion or RFO date without additional interest. Although there is an advantage in paying the Initial Investment in spot cash because of a discount of up to 12%, but you can definitely grow your money more than that in three years if you are financially literate and therefore this kind of arrangement will be very advantageous to you.
3. You can choose the best unit location – Generally, there is ample inventory of units in the first 6-9 months after the project launch. The advantage of this is that you can choose a unit according to your preferences like if it’s facing north, facing the morning sun or facing the amenities or you can choose units with lucky numbers like 8 and 7. This advantage is much more appreciated by people who are into Feng-Shui.
4. Faster and bigger yield on your investment /Hedge against inflation.– This shows the great advantage of buying pre-selling units because as mentioned in number 2, the initial investment is spread in several equal payments thus its value remains the same no matter how long the payment period is. It is a fact though that because of inflation which averaged 4.78% in the last 5 years here in the Philippines, the buying power of that same monthly investment decreases as time goes by. But since it was already set as investment for the pre-selling unit, you are in effect hedged over inflation. Meaning it does not affect the value of your money. More importantly, property increase its value over time and in the case of pre-selling condos, it increases 2-3 times prior to completion with an average total increase of not less than 40% of its original price.
See the great advantage? While other people think owning a pre-selling condo unit is too risky, here you are with greater understanding of how you can minimize the risks and with the knowledge of its advantages. You are definitely a better condo investor now.
Happy Investing and Welcome @ Victoria de Malate
Why Should OFWs Invest in Condominium?
What makes Comdo investment opportunity for OFWs? Read on to find out.
Millions of OFWs (overseas Filipino workers) toil in various countries every year in order to help their families back home. Because of their ability to turn in billions of dollars’ worth of remittances, their spending prowess is definitely undeniable. While most OFWs work to send their loved ones money for basic needs like food, shelter and education, there are those who would like to see some growth in what savings they are able to put away, and this is where real condo investment comes in. Here are some of the reasons why OFWs should look into investing in condominiums, or any form of property while they have the means to do so.
A great selection to choose from
According to Philippine Real Estatenews, there is a great supply of Real Estate opportunities in the country these days. While this can be viewed negatively by people trying to sell their properties, buyers like OFWs can rejoice in the fact that they will have the chance to find the property they want faster and easier.
Immediate income through rental
OFWs can begin receiving income almost immediately when they buy a house in order to rent it out. Many people nowadays are choosing to occupy Condo for Rent, which means that, as long as you choose a prime real estate spot, finding a tenant won’t be too hard to do.
Less risky than stock
Even though investing in stocks can be a good way to make money, stock values tend to go up and down really fast, which can cause an investor to earn money quickly, or to lose it just as fast. By purchasing a Condo for sale, OFWs can rest well at night, knowing that the value of their property won’t plunge overnight.listed
Tangibility of a Condominium
Investing in something that you can’t see, such as stocks, can be scary to some people. Because they can’t see or touch stocks, they are afraid that their money will not be secure. Buying a condomimium removes this feeling because of the tangible nature of a property.
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BUY LOW, SELL HIGH!
Property Mogul Donald Trump said, “Always buy properties when they are priced low and sell it when it is high and you can never go wrong.”
Timing at VICTORIA DE MALATE could have been better since at this time the two-tower building have just begun its excavation at the site. The unit selling price is still at an average of Php54,000.00 to Php58,000.00 per square meter compared to the usual Php80,000.00 per square meter price in the heart of Manila’s condominiums.
HERE’S WHAT INVESTORS HAVE BEEN LOOKING FOR – the NEWEST development in the Heart of MANILA, a property that is so prime, BUYING is best done during the pre-selling stage. It is the best time to invest a condo when still being construct or even before it started!
Owned and developed by New San Jose Builders, Inc. we offer stylish and comfortable living spaces just a few steps away from everything. With 2-towers of world class amenities, well planned layout and an array of other delightful features.
HIGH RETURN OF INVESTMENT!
The price per square meter is still as low as Php54,000 TO Php58,000 per square meter, where other Manila developments are at Php80,000 up. Once the construction starts, buyer will enjoy and earn 1M in 2 years, and assurance of high appraisal value of property in the future. Rental income is one of the potential (ROI) return of investment in Victoria de Malate.
VALUE FOR MONEY!
Reservation is only Php10,000.00 per unit
15% or 20% is payable in 36 months @ 0% INTEREST!
Amortization is only Php4,800.00 or Php6,200.00/month if 20% straight in 36 months
80% BALANCE PAYABLE THRU IN-HOUSE, BANK OR PAG-IBIG
USD 114.28/mo.
EUR 77/mo.
SGD 154.83/mo.
YOU MAY CHOOSE FROM THE DIFFERENT UNIT SIZES AVAILABLE:
Provision for 1BR – 21.74 sq. m. to 23 sq. m.
Provision for corner 2 BR – 33.74 sq. m.
Provision for Combined units – 44 sq. m.
Unit Selling Price starts at Php1,168,220.00
Since this is a fit-to-finish unit we would like to invite you to see our model units to give you an idea how the units can be done. Our In-House Interior Designers will help you in turning your investment into a PERFECT HOME!
Choose from the best view and luckiest Orientations! Yes, while it is still new in the market.
At your service,
Teddy Francisco
09238118438
HASSLE FREE PROPERTY CARE
We have good news for those who reside and/or work abroad and occasionally come home for a month long vacation or less. People wanting to have a vacation home that they can come home on certain parts of the year and earn from it while they are away. You may enroll your property under the Property Care of New San Jose Builders, Inc. Now, a full service investment that takes the worries off your mind, so you can focus on things that make you live up your life!