MANILA, Philippines - More and more foreigners are buying residential condominiums in Metro Manila, according to real estate service company Jones Lang LaSalle.
David Leechiu, country head of Jones Lang LaSalle, said many Hong Kong, Singapore and US citizens are buying condominiums here.
"Interestingly, in the last 12 months, we have been getting clients coming to the Philippines and many of them are on business but they come here and like what they see and are now starting to be property owners for condos. (They are) mainly coming from Hong Kong, Singapore, those are our two big markets, and the US," he said in a press briefing in Makati on Tuesday.
He noted many foreigners are interested in the high yields they can get for these properties. "They're saying, 'wow, the yield at 5, 7, 8 percent is four times higher than what you can get in the US or in Singapore or Hong Kong.' So they're looking at putting their money down here and just sit on the property and enjoy high yield for the asset," he said.
To illustrate his point, Leechiu said 500 Singaporeans have bought units at a condominium development near De La Salle University in Taft Avenue, Manila.
"There's a cluster of buildings there where 500 indvidual Singaporeans have bought property 18 months ago. They made installments and all they're looking to do is get higher returns on their money...That's probably the most interesting trend we're seeing," he said.
While foreigners are not allowed to own land in the Philippines, they can own condominium units but subject to conditions of the Condominium Act.
Even "boring" businesses are attracting foreign interest. "We are starting to see more traction in the very unsexy and boring businesses. For example, we have heard that there's a new player that's looking to enter the Philippines in the poultry sector. They're not here to grow chickens and export. They're going to grow chickens, import chickens and address the growing demand here," he said.
_______________________________________________________
GET YOUR CONDOMINIUM NOW AT CONDYSHOP.COM
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
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Lunes, Abril 20, 2015
Huwebes, Abril 16, 2015
The Simple Condo Investment Checklist For Serious Investors and Buyers
The Condo Developer
At least more than 10 completed projects in their portfolio
With experience in developing a similarly sized and complex property development
Currently no significantly delayed project
Information about the project is openly provided
No legal trouble experienced by the company or the project. Cases filed against the company are not material in nature
Financial statements of the company may be obtained to establish performance over the past 3 to 5 years
Now if the Developer has similar, completed projects with the one being built, I suggest you ask your broker if you could look at any of this similar properties to get a feel of their craftsmanship and performance.
The Condo Building and Unit
The whole building is reasonably clean and well maintained
Nearby properties have no reported/visible structural problems
No problems with the access (doors), plumbing, electricity, lighting and/or ventilation
Internal layout of the property is suited for the purpose you want it to have
The Condominium Certificate of Title (when obtained)
Details in the contract to sell or deed of absolute sale are the same with the CCT
No liens or other annotations beyond those disclosed by the developer (such as the Master Deed of Restrictions)
Title is printed in the correct paper
Details of the CCT match the certified true copy obtained from the Registry of Deeds
Loan and Loan Documents
Terms and condition in the Contract to Sell regarding the financing (installment payments, interest rates, events of default, and consequences of default) are clear and acceptable
Limitations on the assignment of the property/contract to sell during its term is acceptable
The partner banks where you will be referred to have acceptable terms and conditions regarding the loan takeout
The regular cash flow to support payments of the loan can be supported by your income or your savings
About the Deal and the Market
Similar properties in the neighborhood are selling higher or about the same as your property
Area where the property is or will be built is a developed or fast developing neighborhood, with businesses and services located or locating in the area
This checklist remains to be a work in progress, as we add more crucial questions that would help you systemically figure out if you’re buying into a good deal.
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
At least more than 10 completed projects in their portfolio
With experience in developing a similarly sized and complex property development
Currently no significantly delayed project
Information about the project is openly provided
No legal trouble experienced by the company or the project. Cases filed against the company are not material in nature
Financial statements of the company may be obtained to establish performance over the past 3 to 5 years
Now if the Developer has similar, completed projects with the one being built, I suggest you ask your broker if you could look at any of this similar properties to get a feel of their craftsmanship and performance.
The Condo Building and Unit
The whole building is reasonably clean and well maintained
Nearby properties have no reported/visible structural problems
No problems with the access (doors), plumbing, electricity, lighting and/or ventilation
Internal layout of the property is suited for the purpose you want it to have
The Condominium Certificate of Title (when obtained)
Details in the contract to sell or deed of absolute sale are the same with the CCT
No liens or other annotations beyond those disclosed by the developer (such as the Master Deed of Restrictions)
Title is printed in the correct paper
Details of the CCT match the certified true copy obtained from the Registry of Deeds
Loan and Loan Documents
Terms and condition in the Contract to Sell regarding the financing (installment payments, interest rates, events of default, and consequences of default) are clear and acceptable
Limitations on the assignment of the property/contract to sell during its term is acceptable
The partner banks where you will be referred to have acceptable terms and conditions regarding the loan takeout
The regular cash flow to support payments of the loan can be supported by your income or your savings
About the Deal and the Market
Similar properties in the neighborhood are selling higher or about the same as your property
Area where the property is or will be built is a developed or fast developing neighborhood, with businesses and services located or locating in the area
This checklist remains to be a work in progress, as we add more crucial questions that would help you systemically figure out if you’re buying into a good deal.
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
Miyerkules, Abril 15, 2015
Things to Remember When Buying a Condo in the Philippines
Low cost of living, warm tropical climate, and friendly people. These are some of the things that await anyone who wants to own a condominium in the Philippines.
Since the steady growth of the real estate market in 2001, buying condominiums continues to become a trend. The proliferation of BPO companies, looking to harness the potential of the Philippine workforce, has created a huge demand for both commercial and residential properties.
Aside from foreign demand, many Overseas Filipino Workers (OFWs) are using their income to purchase condos either as home for themselves and their families or as investments to be liquidated in the future. In fact, some migrant workers purchase properties in the Philippines even while abroad.
Owning a condo in the Philippines today has changed from an extravagance available only to the affluent to a worthy investment that yields many purposes.
What is a Condominium?
Unlike a house or a land property, a condominium is a section of a building or a complex which a person can own individually.
The rules for owning a condominium varies from country to country. In the U.S., foreigners are eligible to purchase properties regardless of whether they are present or not. In Thailand, foreigners are given 100% freedom to own condominiums and sell them to other expats or local citizens. However, local citizens are not allowed to sell their own properties to foreigners.
Meanwhile, the strict law of the Philippines limits foreign ownership of real estate where purchasing lands or properties are prohibited, except in few cases. With the implementation of “The Condominium Act,” foreigners looking for residential or commercial properties are now given an option to own them.
The Philippine Condominium Act
Republic Act No. 4726, or commonly known as “The Condominium Act,” is a law that allows people the right to co-own a piece of property of land aside from the absolute ownership of his/her unit.
The Condominium Act states the rights of the owner and the extent of his/her influence in the property where he/she has purchased the unit. It serves to protect the rights of buyers to ensure that they are not being misled by property owners or developers.
One of its most significant provisions is that it allows foreigners to purchase condos in the Philippines, given that they do not own the land on which it is built.
The implementation of this law has allowed many foreigners to buy units in the Philippines, thus strengthening more the country’s real estate market.
Why buy a condo?
When planning to buy a condominium, the ultimate consideration is your purpose for purchasing one. Is it because you want to move into a better residence to establish your independence? Or are you planning to make it an investment property? Buying a condominium ensures that these two reasons are fulfilled.
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
Since the steady growth of the real estate market in 2001, buying condominiums continues to become a trend. The proliferation of BPO companies, looking to harness the potential of the Philippine workforce, has created a huge demand for both commercial and residential properties.
Aside from foreign demand, many Overseas Filipino Workers (OFWs) are using their income to purchase condos either as home for themselves and their families or as investments to be liquidated in the future. In fact, some migrant workers purchase properties in the Philippines even while abroad.
Owning a condo in the Philippines today has changed from an extravagance available only to the affluent to a worthy investment that yields many purposes.
What is a Condominium?
Unlike a house or a land property, a condominium is a section of a building or a complex which a person can own individually.
The rules for owning a condominium varies from country to country. In the U.S., foreigners are eligible to purchase properties regardless of whether they are present or not. In Thailand, foreigners are given 100% freedom to own condominiums and sell them to other expats or local citizens. However, local citizens are not allowed to sell their own properties to foreigners.
Meanwhile, the strict law of the Philippines limits foreign ownership of real estate where purchasing lands or properties are prohibited, except in few cases. With the implementation of “The Condominium Act,” foreigners looking for residential or commercial properties are now given an option to own them.
The Philippine Condominium Act
Republic Act No. 4726, or commonly known as “The Condominium Act,” is a law that allows people the right to co-own a piece of property of land aside from the absolute ownership of his/her unit.
The Condominium Act states the rights of the owner and the extent of his/her influence in the property where he/she has purchased the unit. It serves to protect the rights of buyers to ensure that they are not being misled by property owners or developers.
One of its most significant provisions is that it allows foreigners to purchase condos in the Philippines, given that they do not own the land on which it is built.
The implementation of this law has allowed many foreigners to buy units in the Philippines, thus strengthening more the country’s real estate market.
Why buy a condo?
When planning to buy a condominium, the ultimate consideration is your purpose for purchasing one. Is it because you want to move into a better residence to establish your independence? Or are you planning to make it an investment property? Buying a condominium ensures that these two reasons are fulfilled.
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
Martes, Abril 14, 2015
Philippine Travel, Learn Where to Go, What to See and Do in this Asian Country
Spending your vacation here in this marvelous country means you are doing a great job of boosting the country’s economic growth. On top of that, you also get magnificent memories that will definitely be etched in your minds for eternity.
Looking to find the perfect guide and resource for a holiday getaway in the Philippines? This travel resource offers a wealth of information about fantastic places to go, multi-colored events to see, delicious foods to taste, warm people to meet, and so on without even emptying your pockets! A smart vacationer surely knows where and when to go on a Philippine travel.
Yes, just browsing through this guide will virtually bring you to places you’ve never been to before and which you’ve only see maybe in your dreams. Now, you can turn that dream into a reality. Just think of the day you’ll be setting foot on the unspoiled twin beaches of Nacpan and Calitang in El Nido, Palawan. Or that glorious moment you’ll be shouting to the high heavens that you have made it to the top of the country’s highest peak, Mt. Apo in Davao.
Get a mind-blowing and freezing experience in the icy-cold waters of the majestic Tinuy-an Falls of Surigao. For those who want to reminisce the heroic past of ancient tribes and warlords, witness the statuesque Lapulapu Shrine in Mactan Island.
As a tourist destination indeed, the Philippines is loaded with numerous attractions that never fail the expectations of visitors and adventurers, both foreign and locals alike. Anywhere you go to Luzon, Visayas or Mindanao, you’ll always find remarkable attractions.
The Philippines is the perfect place to have the opportunity to meet warm and friendly locals and taste samples of native delicacies. In addition to that, you also get the chance to join festivities, be it social or cultural. There is so much more that the country has to offer. Make your Philippine vacation unforgettable. Before embarking on your journey, don’t forget to browse this guide to good destinations.
VISIT THE PHILIPPINES AND GET YOUR CONDOMINIUM NOW!
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
Looking to find the perfect guide and resource for a holiday getaway in the Philippines? This travel resource offers a wealth of information about fantastic places to go, multi-colored events to see, delicious foods to taste, warm people to meet, and so on without even emptying your pockets! A smart vacationer surely knows where and when to go on a Philippine travel.
Yes, just browsing through this guide will virtually bring you to places you’ve never been to before and which you’ve only see maybe in your dreams. Now, you can turn that dream into a reality. Just think of the day you’ll be setting foot on the unspoiled twin beaches of Nacpan and Calitang in El Nido, Palawan. Or that glorious moment you’ll be shouting to the high heavens that you have made it to the top of the country’s highest peak, Mt. Apo in Davao.
Get a mind-blowing and freezing experience in the icy-cold waters of the majestic Tinuy-an Falls of Surigao. For those who want to reminisce the heroic past of ancient tribes and warlords, witness the statuesque Lapulapu Shrine in Mactan Island.
As a tourist destination indeed, the Philippines is loaded with numerous attractions that never fail the expectations of visitors and adventurers, both foreign and locals alike. Anywhere you go to Luzon, Visayas or Mindanao, you’ll always find remarkable attractions.
The Philippines is the perfect place to have the opportunity to meet warm and friendly locals and taste samples of native delicacies. In addition to that, you also get the chance to join festivities, be it social or cultural. There is so much more that the country has to offer. Make your Philippine vacation unforgettable. Before embarking on your journey, don’t forget to browse this guide to good destinations.
VISIT THE PHILIPPINES AND GET YOUR CONDOMINIUM NOW!
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
Huwebes, Abril 9, 2015
Interior Design for Condo Unit Properties in the Philippines
Condominiums are very popular in the Philippines because of its accessibility to various metropolitan business districts like Makati, Taguig, Pasig Quezon City, Manila, Mandaluyong, and Bicutan. Living in condominiums allow many Filipinos to experience the finer things in life. We also have to acknowledge the secure, private and serene environment that it offer to modern families, executives, students and couples. However, there are also some drawbacks in owning a condo such as: limited space available, boxed-layout and similar-finishes.
Thus, Arkhi and Builders Inc. helps condo owners redesign and improve their condo units through its interior design services which consist of:
PRE-Construction
Interior design plans and working drawings
Design sketch up
Project scope development
Complete bill of materials and cost estimates
Construction Period
Construction permits processing
Construction management
Labor management
Materials sourcing and delivery
Site clearing
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
Thus, Arkhi and Builders Inc. helps condo owners redesign and improve their condo units through its interior design services which consist of:
PRE-Construction
Interior design plans and working drawings
Design sketch up
Project scope development
Complete bill of materials and cost estimates
Construction Period
Construction permits processing
Construction management
Labor management
Materials sourcing and delivery
Site clearing
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
6 Ways to Transform Your Small Condo Unit To A Party Place
6 Ways to Transform Your Small Condo Unit To A Party Place
For Filipinos who love parties and entertainment, size should not matter! Planning a large jamboree? Even if you live in a small condo in Philippines, you can still throw a great house party. Don’t let the size of your apartment or condo hinder you from creating an outstanding social gathering with the available compact space.
With the right home design and space-saving tricks, you can cut the cost of redefining your condo look and aesthetics. Here are 8 tricks to create the best indoor celebration no matter how small the space is!
1. Redefine your living room
Rearrange your living room as the center of the party. Don’t be afraid to alter the position of a few tables and chairs to maximize the space of your condo. Living room design ideas depend on the type of party that you will throw. If you plan to throw a birthday party, you have to clear out a large space in the middle of the living room where games could be played. If it’s just an intimate dinner party among your friends, you may switch your living room to become your dining area. By redefining your living room, not only do you create space but you could also set-up the flow of party-goers through the available space.
2. Go buffet style!
For Philippine condos or any other apartments that have their kitchen connected to the living room, there’s not much time to prepare extra food while entertaining your guests. In order to avoid this problem, you should prepare the party food ahead of time thus allowing you to spend your time tending to your guest’s needs. Going buffet style works well with a big crowds. It means laying out all the food in a long table where the plates, napkins, cups, spoons, and forks are all available. Take note of all condiments too, and always have a backup for everything.
3. Go for perfect lighting
Perfect lighting is everything. Nobody wants a party with too many bright lights or no lights at all, right? With the right amount of lighting, it will be able to add mood to the party. Depending on the time of the party, proper indoor lighting should be considered especially when throwing a party at a small venue. Candles may provide a cozy and warm feel for the party but are too risky as it may cause fire and eventually turn your party into a disaster. Stick with warm yellow lights to add accent to the meals at the buffet or dining table. This home design would surely get the attention of your guests which would also become a great topic for conversations.
4. Utilize all furniture
With the small amount of available space, you have to get creative and practical when it comes to choosing the right piece furniture. All your pieces should have style and functionality interwoven together. In throwing your own house party, you have to utilize your furniture and have them shift their use. For example, boxes may be used as chairs and some chairs may be utilized as tables for those sitting on the carpet. Remember that during parties, there should be plenty of chairs for sitting and tables for eating. Technically, any smooth or flat-surfaced furniture may be transformed into a table with a decent tablecloth. You don’t have to spend money on buying or renting extra chairs, just turn on your creative mode on and you are good to go.
5. Remove the clutter
Don’t be afraid to keep and throw things that are needed for the house party, remember, you need all the space that you can get! But don’t let it compromise your sense of style at the same time. Try moving your favorite vase inside your room or in the utility room with the rest of the unnecessary furniture. Move the chairs against the wall to maximize the space available for moving around. Aside from unnecessary furniture, remove personal items in the party area to avoid losing or misplacing them in the long run.
6. Set the mood
Apart from choosing proper lighting, set the mood with background music to create the party- ready ambience that you prefer. It may be alive or solemn, depending on the type of house party that you are hosting but make sure that it is loud enough for everyone to hear but not too loud to get in the way of conversations. Also, to keep it safe for early party-goers, play the music playlist an hour earlier to get into the festive spirit.
Do you want to plan your stay? Do you have the best place for your vacation?
Contact us CONDYSHOP right now!
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
For Filipinos who love parties and entertainment, size should not matter! Planning a large jamboree? Even if you live in a small condo in Philippines, you can still throw a great house party. Don’t let the size of your apartment or condo hinder you from creating an outstanding social gathering with the available compact space.
With the right home design and space-saving tricks, you can cut the cost of redefining your condo look and aesthetics. Here are 8 tricks to create the best indoor celebration no matter how small the space is!
1. Redefine your living room
Rearrange your living room as the center of the party. Don’t be afraid to alter the position of a few tables and chairs to maximize the space of your condo. Living room design ideas depend on the type of party that you will throw. If you plan to throw a birthday party, you have to clear out a large space in the middle of the living room where games could be played. If it’s just an intimate dinner party among your friends, you may switch your living room to become your dining area. By redefining your living room, not only do you create space but you could also set-up the flow of party-goers through the available space.
2. Go buffet style!
For Philippine condos or any other apartments that have their kitchen connected to the living room, there’s not much time to prepare extra food while entertaining your guests. In order to avoid this problem, you should prepare the party food ahead of time thus allowing you to spend your time tending to your guest’s needs. Going buffet style works well with a big crowds. It means laying out all the food in a long table where the plates, napkins, cups, spoons, and forks are all available. Take note of all condiments too, and always have a backup for everything.
3. Go for perfect lighting
Perfect lighting is everything. Nobody wants a party with too many bright lights or no lights at all, right? With the right amount of lighting, it will be able to add mood to the party. Depending on the time of the party, proper indoor lighting should be considered especially when throwing a party at a small venue. Candles may provide a cozy and warm feel for the party but are too risky as it may cause fire and eventually turn your party into a disaster. Stick with warm yellow lights to add accent to the meals at the buffet or dining table. This home design would surely get the attention of your guests which would also become a great topic for conversations.
4. Utilize all furniture
With the small amount of available space, you have to get creative and practical when it comes to choosing the right piece furniture. All your pieces should have style and functionality interwoven together. In throwing your own house party, you have to utilize your furniture and have them shift their use. For example, boxes may be used as chairs and some chairs may be utilized as tables for those sitting on the carpet. Remember that during parties, there should be plenty of chairs for sitting and tables for eating. Technically, any smooth or flat-surfaced furniture may be transformed into a table with a decent tablecloth. You don’t have to spend money on buying or renting extra chairs, just turn on your creative mode on and you are good to go.
5. Remove the clutter
Don’t be afraid to keep and throw things that are needed for the house party, remember, you need all the space that you can get! But don’t let it compromise your sense of style at the same time. Try moving your favorite vase inside your room or in the utility room with the rest of the unnecessary furniture. Move the chairs against the wall to maximize the space available for moving around. Aside from unnecessary furniture, remove personal items in the party area to avoid losing or misplacing them in the long run.
6. Set the mood
Apart from choosing proper lighting, set the mood with background music to create the party- ready ambience that you prefer. It may be alive or solemn, depending on the type of house party that you are hosting but make sure that it is loud enough for everyone to hear but not too loud to get in the way of conversations. Also, to keep it safe for early party-goers, play the music playlist an hour earlier to get into the festive spirit.
Do you want to plan your stay? Do you have the best place for your vacation?
Contact us CONDYSHOP right now!
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
Miyerkules, Abril 8, 2015
Best Casino Place for Vacationists
Best Casino Place for Vacationists
Do you love going to casinos? Do you like to gamble? Do you know where's the best place to play a casino game on your visit here in the Manila's Metro? We at Condy Shop will help you find the finest place for your dream vacation!
As I stepped down on the VIP gates of this famous Solaire Resort & Casino at the Manila Bay, it was like as if I've teleported to Las Vegas or Macau. A very stylistic and truly global designed entertainment masterpiece! Solaire sounds and looks as the best go-to destination of fashionistas together with their gaming counterparts.
The pioneer of this game-changing master plan, Solaire’s Enrique Razon, partnered with the group behind some of the world’s best casinos (Venetian Las Vegas, The Sands Macau, The Venetian Macau, and Marina Bay Sands Singapore, to name a few), the Global Gaming Asset Management (GGAM) for this US$1.2-billion Integrated Resort and Casino project.
With the promise of a game-changing experience, Phase One of the 4-part grand execution of Solaire did not disappoint with its world-class entertainment paired with the finest restaurant experience in Manila. “There’s really no reason to leave Manila anymore!” Mike French, Solaire’s Chief Operating Officer proudly shares.
Our condominiums are almost near at Solaire! You will be able to enjoy your travel from your condominium to Solaire for your casino time!
To contact us and find more information, visit our website at www.CondyShop.com or you may contact us at these contact information
FOR INQUIRIES PLEASE CONTACT:
RAQUEL CINENSE
(0920) 6273091
(0915) 3636381
(02) 736-1731
FOR MORE PROPERTIES VISIT:
WWW.BAHAYSHOP.COM
WWW.CONDYSHOP.COM
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