Is Buying a Condo a Good Investment in the Philippines?

There is a lot f corruption there. If you are planning on living there its one thing but frankly there are far better and safer areas to invest than the Philippines

Well the both of them were right, corruption is a big thing in the Philippines. But I think it’s a good idea cause my mom once invested into condo units in the Philippines specifically in DMCI and also in SMDC and rented those units out. And she actually got good money out of it. :) Units they’ve purchased were easily rented out specially ones from DMCI due to its good reputation and great amenities.

There are a lot of condo developers in the Philippines so you’ve got a lot of choices. Here is the list:
DMCI – my favorite. I once lived in their unit, I must say I loved it. Affordable but doesn’t look cheap and is worth more that what you pay for. Never been late of project delivery.
Ayala Land – prices are quite high but it’s a good choice. Never been late of project delivery. Also, their malls are incorporated with their projects.
SMDC
Megaworld
Robinson’s Land
Century Properties
Rockwell Land

As for the others, don’t have so much information.

Adrian – where you at – you we chat updates leave me curious.

I’m in Shanghai later this month – maybe we can catch up for pijiu.

Stay well

Cheers Ivan

Hi zyrine69

If you don’t intend to live in the Philippines, you don’t have to deal with corruption. Corruption lies in the middle of the politicians and public officials. If your intention is to invest in properties for extra income, then you will be dealing with private real estate companies. There are a lot of good real estate companies selling top notch condominium properties. I know because I invested in 2 properties already. One from DMCI near the Global city and one from SMDC in one of the country’s tourist destinations.

Ivan, I just visit Cebu & Bohol occasionally. In Townsville now, renovating, then back to Shanghai.

Zyrine69, Love to see an update on your hunt. an Dimple, could you share your numbers.

Personally, I would love to buy house and land on Palawan. Or if I was a young tech savy eager Entrepreneur, I would be tempted to run an Outsource center in Cebu with 2 apartments in Ayala.

Deep breath in…..Deep breath out.
You know the thing that kept me here and what I love most about this forum, is how we can be upfront, honest, we can be with our wins, losses, thoughts, stresses and all that.
I kinda semi or fully retired in 2009, 28yrs old. After a few years backpacking I wondered what I would do next. I started this NLP Coaching thing, but it wasn’t going so well, luckily the stock market was recovering so it was easy to create $ off Stock Options. Anyhow on a trip back to Australia I met my cousin and told him about Tim Ferris 4HWW. My cousin was running a IT Business in Gold Coast. 6 months later he had employed 18 staff and was saving his company $16,000 a month. I had already been to and decided to return to Philippines to check out creating a Outsourcing center. I already knew a Lawyer but met him again. Got the low down recorded onto .mp3. Like most developing countries, and like Thailand, need a few thousand in the bank. Philippines were like 25% of 25% of a million pesos. Something like that. 5k – 10k Aussie. Lots of rules about 50% ownership, can get around it. Need 50% on the board to be Pinoy, but can get around it. Can buy people that are silent partners as well. Can charge Australian and International Businesses and that money is tax free as it is foriegn money coming into Phillipines. Can easily pick up local talent and with training sell them off internationally or capitalise on their talents, pick up jobs taking small buisnesses to scaleable/saleable. Was really interesting and exciting.
I recruited some staff, found offices right near Ayala, networked a bit but eventually we didn’t go through with it. the 2012-2013 down turn in Australian economy, becoming to popular, BPO’s (business processing outsource) recruit from shopping centers, (sunday morning people go to Ayala mall, come out of a theatre which doubles as a church, eat bbq sanilog and pass recruiters offering up to $2-14 an hour.) Business/ROI wise it can work, however you need partners that can get your company the clients in Australia or parts of the world like Scandanavia.

I actually have a Outsourcing Guide book made, I’ll happily share with PI members or sell on Amazon later.
Or more stories about Philippines outsourcing here http://adriancahill.com/outsourcing/saving-by-hiring-virtual-assistant/

Yah, there might be corruption but I believe there are also corruptions in other countries too! I think the country is a great place to invest in buying real estate properties like condominiums. Take a look at this condo along Manila Bay – http://www.admiralbaysuites.com.ph/ . Isn’t this a great place to live in?

Just to put a different perspective in this kind of a topic, and since I currently live in the Philippines, I think that you should highly consider this option in buying a Condo or a Property to make an investment in the Philippines. With the market on high demand as of late, you can never go wrong in doing such investment. Condo can be very flexible and can be very much an asset that you can have for X number of years. Also, this would help you out to get some income whenever you need it. Other than that, you can try to consider a whole lot of things here and see what you can do in the long run.