Join John Adams, world renowned Intl Matchmaker, Monday nights 8:30 EST for Live Webcasts!
And check out Five Reasons why you should attend a FREE AFA Seminar! See locations and dates here.



View Active Topics       View Your Posts       Latest 100 Topics       FAQ Topics       Switch to Mobile


Cost of a Condo in the Philippines???

Discuss culture, living, traveling, relocating, dating or anything related to the Asian countries - China, The Philippines, Thailand, etc.

Moderators: fschmidt, jamesbond

Cost of a Condo in the Philippines???

Postby QatarDan » December 3rd, 2014, 6:54 pm

Not considering buying at the moment but just looking at prices out of interest.

Few places I found seemed to be far more than I thought! 700k for a 3 bed in Manilla. Thats on a par with London prices?!

I can see the Philippines improving in coming years and the right property could be a great investment. Where would you buy and why?
QatarDan
Freshman Poster
 
Posts: 57
Joined: September 29th, 2014, 1:05 pm




Check out our Dating Sites and HA International Romance Tours!



Re: Cost of a Condo in the Philippines???

Postby Rock » December 4th, 2014, 6:06 pm

QatarDan wrote:Not considering buying at the moment but just looking at prices out of interest.

Few places I found seemed to be far more than I thought! 700k for a 3 bed in Manilla. Thats on a par with London prices?!

I can see the Philippines improving in coming years and the right property could be a great investment. Where would you buy and why?


As a foreigner, you can buy condos but not land unless you set up company structure with majority local ownership.

Rough benchmark for decent new condos is 100-150K peso per sq. meter depending on what part of Metro Manila you are in. So-called luxury stuff is being sold by developers at 200-300K per sq. meter.

Makati is the no brainer CBD. BCG is exclusive, quietest, and best organized. Ortigas is also good. Alabang is old money but way on the outskirts. Malate is grittier but has some university districts and some new condos tailored for them if you wanna rent out. Mall of Asia immediate area might be worth looking at too.
Rock
Elite Upper Class Poster
 
Posts: 4225
Joined: April 21st, 2010, 5:16 pm


Return to Asia, China, Philippines, Thailand

Who is online

Users browsing this forum: No registered users and 2 guests