How much does a condo cost in Cebu in the Philippines?
I have checked out condos studio types to 2 bedroom condos in Cebu and in Manila. The price ranges I have checked out are in the area of 3 million pesos to 12 million pesos. I am sure the prices can go higher depending on the number of bedrooms and developer. I have not seen anything less than 3 million pesos. I am sure there are but I have not gone out to research them. I no longer see myself in the market for a condo. If you are interested in condos I would recommend checking out condos from Ayala and Marco Polo. In my opinion from what I have seen they are the best in terms of amenities and build quality. I have checked out condos from SM, Robinland, Aboitiz etc and a few others aside from Ayala and Marco Polo.
In the Philippines what's the cheapest to buy when it comes to real estate far away from big cities?
Far from the cities? Divilakan island in Isabela wherein you can buy 1 hec for P1,500.00 . Timber are abundant or Macunacum or Batanes island where house is built in bricks layers.. In the Constitution a foreigner can own a piece of land to the limit of 500 sq. meters for residence only. welcome.
How can a foreigner buy property in the Philippines?
Hi there,As with most things the basic answer is "it depends", especially when we're talking about something as complex as real estate ownership for a foreigner :)But the gist of it for a foreigner looking to own property in the Philippines is this. Foreigners may:- own condominiums(like I do)- own houses but not the land on which they are built- enter into "long" leases on the land itself(eg terms of 50 years w/ 25 year renewals)Again, there are lots of details here especially when you're married to a Filipino citizen(more options become available) or have something like a Special Resident Retirement Visa(SRRV). You could also denounce your citizenship and become a Filipino citizen(after living in PH for 10 years, I think it is) though that's obviously extreme for most.Be aware, too, that some of the very important things we(in the US, at least) might take for granted around the real estate transaction are not necessarily the case especially as you move outside Manila: clean titles, claims, and land records, in general. This could make even the above possibilities more complicated than expected. I own a condo in Manila bought through one of the larger developers and it was pretty straight-forward, all things considered. If I was looking at a "house and lot" out in one of the provinces somewhere I'd be looking to hire a real estate attorney just to be safe.As for where you might find properties for sale? There are a number of online real estate startups(like Zillow, where I work) sprouting up in the PH, like:- Zipmatch: http://www.zipmatch.com/- Lamudi: http://www.lamudi.com.ph/You could work directly with the larger developers, who have showrooms all over the Manila area. Here are a few:AyalaLand: http://www.ayalaland.com.ph/SMLand: http://sm-properties.com/home/Many beautiful places in the Philippines! Good luck!Russ
Is it a good time to invest in residential properties in the Philippines?
Investing in a property is mostly a factor of location, location, location. If you are buying a property in either Makati or BGC (Bonifacio Global City), you hardly can go wrong with the investment. This is because, these 2 areas are the most prime real estate available in the country. Even in a worst case scenario, like a market crash, which areas do you think will pick up first in an up turn? It would be most likely be these its these two areas. Now on whether you may missed the climb, this is all a matter of perspective. You will always have a gain in your property's value if you have one in these two locations again because of the prime value given to them. Of course, if you bought property at the same time like when the Ayalas bought Makati (and later also acquired BGC), the gains were much bigger. Still, if you bought a property now, the future gains will be bigger than those who bought theirs much later. Now, the only thing you have to bear in mind, the best properties are not sold cheaply. You pay what you get.
Living in the Philippines?
Well living with relatives is one way to reduce your expenses. But trust me what you save in rent you spend in other areas helping to take care of the family. The culture here is a world apart from stateside living. Besides the custom of sharing just about everything, you will be viewed as the rich American and I seriously doubt you'll ever change that. If your lucky enough that your family is middle to upper class here which is a very small persentage their needs will be few if any at all. If your family is among the vast majority that are just scraping by you will have a bunch of diffucult choices to make. Give too much your laughed at for being such a fool with your money. Don't give enough and your kuriput (cheapskate). Allot will depend on where you are living . Obviously your money will not go as far in the big cities of cebu or manilla as it woul;d in the smaller ones like Iloilo or Bacolod. It will go the farthest out in the countryside. You lifestyle will dictate how far it goes and how much is needed. How many western ammenties are needed ? Airconditioning, Microwave ovens etc. use allot of electricity here and it's not cheap. Will you buy a private car and hire a driver or drive yourself ? Would a Jeepney be good enough to get around or do you want a taxi ? Local food or the expensive imported american food ? How often and where do you want to eat out ? BBQ place, Mc' Donalds or a seafood resturant ? I think you get the picture. Some of us living here have said they only have a budget of P20,000 a month and are doing fine and are happy. Some in Manilla say $4,000 ( P160,000) is not enough. Most will agree that $1,000 is more than enough for a month to live comfortably.
How much is to open an apartment building in Philippines?
To build in the Philippines small cities like Iloilo or Bacolod it costs roughly P18,000 psm finished to a moderate level. So with P 20 M you'd be looking at 1,000 M3. That would allow P 2m for the land. That's in a smaller but growing city like Iloilo or Bacolod. The average apartment or condo is between 30 to 50 sqmtrs. That would give you 20 units. That would be for a standard affordable unit. Now if you want to make luxury apartments/condos you can double the costs installing elevators, a swimming pool and fitness centers. Then there are operating costs assioated with each. Your ? is really generial so I'll give an appropriate ans. If you want to build affordable housing P20M maybe enough. If you want high end luxury apartments double it. Right now in Iloilo and Bacolod the fastest growing and more profitable business would be food Franchising. Smallville here and the Reclamation area of Bacolod are exploding with expansion. If I had your money I would invest in a "Hondauraw Pizza" Francise. I just visited Cebu and am considering one. Much less headaches than the real estate game. Just my opinion. Check this out:http://www.handurawpizza.com/contact-us/
What are some safe places to buy a condominium in the Philippines?
Go with a company that is big and stable (i.e. has more to lose if things go wrong). As Orly Andico points out, Ayala Land is probably your best choice. They have been around for a long while, have P90B worth of property, and share a parent company with BPI. Other good options are SMDC (part of SM Holdings) and Megaworld (part of Andrew Tan's Alliance Global Group). Interesting how the big malls are all associated with big real estate companies (Robinson's has one too.) but landowners own the land and going with a large, well established company is safest. So not surprisingly these are the same companies that have cashed in on the retail boom as well. As for location, unless you need to be in Metro Manila, I would suggest buying in one of the provincial cities (Cebu, Davao, Iloilo). If you do need to buy in Manila, I would do quite a bit of research on what else is being built nearby, traffic patterns, crime, etc. before investing. That would probably be wise no matter where you are buying. Good luck!
Why should I invest in Puranik’s Future City Neral?
Puraniks builders is coming up with a 107 acres of Mega Township name “ Puraniks Future City “ in NeralPurnaiks Future city will be in phase wisePhase 1 consist of 4 sectors having altogether30 buildings - with 27 buildings of (G+7) storey & 3 buildings of (G+4) storey .having 1RK , 1BHK & 2BHK ResidencesWhy to invest in Neral ?1)Push for projects worth Rs 11,000 Cr that will add 90 km to suburban railways jisme ki Panvel - Karjat double line too is included , which will provide a new route from Karjat to CSTM via Panvel which will shorter by 23 km thus reducing the time travell by 35-40 mins2)Reliance Industries JIO institute which is coming with a investment of Rs9,500Cr in Karjat has been picked as one of the country six institute of Eminenece (IoE) other institutes are like IIT Delhi , IIT Bombay , so you can imgine how much boom will it create.3) INDUSTRIES & EMPLOYMENT -At the pace Neral is growing , employment opportunities are booming in every corner mainly in IT & ITES with upcoming SEZ in Navi Mumbai & two major industrial suburbs - badlapur & ambernath .A)Nearby Khopoli , Rasayani , Ambernath & Badlapur , MIDC Industrial ZonesB) Reliance SEZC) Navi Mumbai SEZ in addition to Mumbai & Pune ConnectivityD) The Major Advantage of the development of BMIC & DMIC Industrial corridors towards future4) Neral will also be benefited fromA) Proposed Navi Mumbai International Airport which will be around 30mis driveB)TRANS - HARBOUR Sea LinkC) (NAINA) Navi Mumbai Airport Influence Notified Area DevelopmentNERAL IS OEN OF THE FASTEST GROWING RESIDENTIAL AREAS IN MUMBAI , IN FACT , ACCORDING TO INDUSTRIAL SOURCES , IT IS THE NEXT BIG RESIDENTIAL HUB AFTER BADLAPUR & KALYANFor more details likePricingPayment SchemesBooking Process & DiscountsCall / WhatsApp us at (+91) 9623 999 211Our NRI clients can also contact us on the above detailsFor complete details , you can check the our video in YouTube -Puraniks Future City Neral | Puraniks Neral
I'm american who wants to move to the philippines. I need advice. PLEASE.?
I am a retired Army Warrant officer, I also worked in the Information Security arena for over 20 years. My Filipina wife of 36 years and I retired to Bataan and it's a pleasure living off of my retirement and disability. You cannot get a job in the Philippines as a foreigner, nor own property. I suggest you bring your fiancee to the U.S., make a living and earn a small retirement or establish a 401K. Then, retire to the Philippines if you both so desire. Making the move now, without anyway of sustaining your existance will be dis-heartening.