Phillipines, Manila, Makati Happenings

[cityahbeng]

Originally Posted by manilaboy2007

Thinking of buying a condo at BGC also but the price seem to be very expensive. WIll like to hear how the property in the near future like now?

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Property Investment is heavily dependent on LOCATION and DEMOGRAPHICS. Why Singapore Property VERY HOT........because of Government FT policy.....net immigration into the country 4 mio to 5 mio in a matter of 10 plus years......over 100,000 people per year. Philippines is a county of net........EMMIGRATION........it loses people like flies leaving a disinfected toilet. You invest.........you have many risks.......if you think you can make money!! It is all HOT AIR. Risks 1. Unstable Government 2. Uncertain Economy 3. No logical market factors driving price increases (Hot Air).

Invest at your own risk my friend!!!!

[dirtbike08]

Anybody keen to meet up tonight?

[manilaboy2007]

Originally Posted by cityahbeng

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Property Investment is heavily dependent on LOCATION and DEMOGRAPHICS. Why Singapore Property VERY HOT........because of Government FT policy.....net immigration into the country 4 mio to 5 mio in a matter of 10 plus years......over 100,000 people per year. Philippines is a county of net........EMMIGRATION........it loses people like flies leaving a disinfected toilet. You invest.........you have many risks.......if you think you can make money!! It is all HOT AIR. Risks 1. Unstable Government 2. Uncertain Economy 3. No logical market factors driving price increases (Hot Air).

Invest at your own risk my friend!!!!

Buying cause I want to retire in Philippines in future. Thinking of getting a house in makati, then rent the hdb out in sg and collect the rent from HDB for me to live in manila. Just thinking. hehe

[Woofman]

Anyone keen to go to LA cafe this sunday? First timer here

[sugardad]

If you are there long enough, you should know what are the place you want and my only advice is to buy from this developer, Ayala.

[The Lord]

Bro y not d provinces?

Just curious....

For retirement i think manila is fast paced, crowded, noisy n dusty amongst others.

I think u must consider d provinces.

Just my two centavos

Originally Posted by manilaboy2007

Buying cause I want to retire in Philippines in future. Thinking of getting a house in makati, then rent the hdb out in sg and collect the rent from HDB for me to live in manila. Just thinking. hehe

[The Lord]

Yes ayala is great.

Robinsons is ok too right?

Originally Posted by sugardad

If you are there long enough, you should know what are the place you want and my only advice is to buy from this developer, Ayala.

[The Lord]

I think bo etsys was not referring to d traffic jams lol

Originally Posted by huanggua

Exactly. It's traffic jam everywhere in the metro. It's about moving out at the right time. When will you be in Manila? I am going there less often as I will be in LOS most of the year. But I must be there in April and July.

[sugardad]

Well, lookat Ayalas' project first. Thats what my friends there suggested to me. But if you have a wifey there, I will suggest buy a piece of land and build your own dream house.

BTW, we cannot own land in phil so must be thru wife.

[manilaboy2007]

Originally Posted by sugardad

If you are there long enough, you should know what are the place you want and my only advice is to buy from this developer, Ayala.

My pinoy friend recommend beside Ayala and also this company Federal Land. What you think? My gf stay in the city la..so got tot be somewhere near city.

[manilaboy2007]

Originally Posted by The Lord

Bro y not d provinces?

Just curious....

For retirement i think manila is fast paced, crowded, noisy n dusty amongst others.

I think u must consider d provinces.

Just my two centavos

I thinking somewhere near Taguig where my gf family stay. Not married yet so buying a land under her name is a bit 'risky' =p

[winman08]

Originally Posted by decent02

I used to stay in Hotels in Ortigas Avenue.
Would like to change to Quezon City
Any bros here got recommendation for a nice boutique hotel in Quezon
Preferably comes with a small KTV / pub with nice GROs
Any recommendations would be appreciated.

can try The Linden Suites... this is actually at the center of ortigas..
and there is one more which i like but is a bit further away. The Cocoon is the name.. still a new hotel since last year...

[etsys]

manilaboy2007: even after married, the risk factor don't go away

Heck, a 9 mm can take all from you .. no sir, not fear mongering .. but .. shit happens

[manilaboy2007]

Originally Posted by etsys

manilaboy2007: even after married, the risk factor don't go away

Heck, a 9 mm can take all from you .. no sir, not fear mongering .. but .. shit happens

That why I rather pay more to buy a condo =x

[huanggua]

Originally Posted by sugardad

Well, lookat Ayalas' project first. Thats what my friends there suggested to me. But if you have a wifey there, I will suggest buy a piece of land and build your own dream house.

BTW, we cannot own land in phil so must be thru wife.

Foreigner can't buy land directly. But you can set up a company there to buy land but you need to have a local partner. A lawyer would be able to prepare some documentation for you such that this partner cannot impede anything you want to the property and will have no beneficial interest in it. I have bought a 30,000 sq ft land by the sea inthe province.

If you plan to retire in PI you should live in the province and rent out your condos. The rental return is good. The places to look out for is Makati, Ortigas and BGC. Ayala is currently the best developer but they do not allow you to use the apartment as a service apartment and they do not allow sub-sale. Another good developer is Robinson Land. But if you are thinking of making money from resale better think twice. Though all my condos have appreciated in value it's difficult to dispose of them at market value. If you need to sell your property value must have appreciated by at least 30 percent to make it worthwhile.