That’s the real issue and is never discussed. This guys talked for More than ten minutes and said basically nothing. Now that the Chinese pogo things are gone the prices will come down fast. Foreigners won’t buy them either. We see the same thing you do.
Rents are going down, prices for second hand condos will follow, too. Do not buy brand new ones. This guy is pumping up new condos since he has a vested interest in new construction/development. The way they describe mid-market, isn't affordable for the middle class.
I was there in 2021 and 2022. I looked at a lot of condos in Manila and cebu. I am a retired American and make about 600k pesos a month. I thought the condos were way overpriced for what you get. Some of the common problems I noticed were. 1. Very unprofessional staff 2. Mediocre amenities 3. Poorly maintained buildings 4. Noise from outside 5. Noise from inside 6. Very small units for what you pay Just not worth it in my opinion.
@@esmiraldagovlogs3775 they sell them to the poor to middle fills who get them as status symbols and don’t know how to analyze an investment properly. It took me two seconds of looking at the numbers and the units itself to know it was not a good deal.
Developers kasi mga ganid sobrang minamahalan ang kairasong area ng condo unit nila. Kung tutuusin kumita sila noong pandemic dahil maraming nakahulog ng down payment na hindi nagtuloy dahil nawsalan ng trabaho. Hindi naman nila yun binalik yung mga pera na naihulog kinamkam nila tapos hindi sila nagbigay ng matagal tagal na palugit kinancel na nila agad noong hindi na maituloy ang bayad.
With POGO's exit and the looming collapse of BPO because of AI, and this guy is telling us that the over supply of condos is temporary. No sir. You are out of touch.
The market is obviously flooded with more inventory than demand can absorb, leading to stagnation in sales and an increase in unsold unit, prices have shoot up beyond what the average buyer can afford, disconnecting from local income levels and economic fundamentals. Even OFW and foreigners are staying away from buying. WTH 😂 is this guy talking about.😅
Since when did a condo worth "up to 20 million" become middle market? So say a middle class employee takes out an 80% loan 15 yr loan at 7.5% for a 20m unit, that is about 150k per month for 15 years for mortgage. If a bank will approve this loan, you would have to earn at least 450k a month net. Since when is that "middle market"?
Who earns 450k in Ph haha . Philippines is out of touch with reality. Poor infrastructures, sky high utilities and food prices, unstable government and full of corruption. How can they justify charging millions for shoe boxes?
Most condo developers were probably raised in the USA or some other expensive ass country and MAYBE forgot to adjust prices when staying in the Philippines 🙄
Gusto lang ng mga developers na to bumalik mga pogo workers para mapataas nila ulit cost ng rent and housing. Ibaba nyo para sa mga working class na Pinoy. Nag iingay kayo kunwari lugi pero hindi naman.
Of course it will decline, they're ridiculously overpriced. Yes you can keep raising the prices to the moon to millions and millions every year, but who will afford to buy them?
mid end condo lng nag declined prices ng condo, dahl sa POGO exodus, kac WLA na biggest renters, pero sa mga high end or Luxury condo pataas ang prices, Hndi afected ng POGO exodus, kac NO POGO will rent high end condo, kac mahl, hal 47 sqm na mid end condo nsa P10M-P13M, Pero sa high end condo nsa P18M-P23M depende sa area at saan malapit,
@@marvinphillips1326 there is no comparison between US and Philippines in terms of housing markets. Most condos are way too small to live in and badly build.
Maybe they should make condos affordable for the local wages and not for foreign people and foreign wages. What's the good of housing if the average citizen cannot afford it. that's a recipe for slums to develop.
@@darkboard5556 yes I know, the developers and oligarchs in the Philippines are on another level of out of this world greedy. They bought up all the prime lots too raising the prices of land , making it unaffordable for the rest of the masses and then they build condos that are the size of a shoebox and charge millions and millions for it.. And they will not lower prices they will just hold on to it forever even if it rots. Same with mall owners oh wait they are one and the same.
@@megantaylormichaels Yes I know Singaporean Chinese are making condos there and they're adopting the business practices of local developers of build very tiny and charge super millions.
My advice to Filipinos is don't just look at the amortization price, if the contract price of the property remains high or the same, don't buy.... developers are blindsiding you into believing that it's cheaper by stretching the amortization period, instead of reducing the contract price
Ayaw pang aminin ng mga Developer na talaga namang napakamahal para sa mga Filipino. Akala nila maloloko nila ang mga foreign market eh mga wise ang mga yan pag dating sa mga ganyan. Sa kanila na mismo nang gagaling na hindi worth for the money yung mga condo na ibinebenta ng mga developer as far as quality at size para nga nmang match boxes at kpag minalas ka may mga tulo kpag umuulan sa unit mo.
Pretty soon it will be straight up defaults. People will need to choose between eating or an overpriced condo that they hate anyway. Walking away is the best option.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
the cons of the POGOS whether they are involved in illegal activities or claimed to be not will always be greater than the pros. the women you mentioned that deals card virtually getting healthy salary is the work we dont need for women in the country as most are educated and will be willing to work hard to have a decent work and progressive career, so don’t tell us POGO caused the crash or even is one of its significant contributor, because it is not..what caused the crash is GREED period. NO to POGOS no matter what.
The fear is just starting. This guy is obviously trying to pump a beginning of a declining market. Yes you shouldn't time the market but you also shouldn't catch a falling knife. Don't take advise from this guy. He's just deep in RE investments and he don't want to bleed.
yup he is an EXPERT kuno... he lost his credibility long ago... wat else can we expect from a salesman... pabago bago ng salita.. ok yung RE tapos dili na naman oki.. tapos oki naman... ahahaha
The guy is a typical developer capitalist, of course he makes this sound like POGO exodus is a bad thing. It's bad for his wallet. Also, advising you to just "work harder" to earn more. It's not that simple, but for sure works better for large corporations like his. Very bias and disappointing choice of guest. Hosts did not even challenge the guest. Put in some real journalists in the show.
hosts are useless, need more journalist that can ask the right questions without script - this guy is biased and not relaible, issue is simple, condos in PH are overpriced. Stretching the payment terms is not the solution, they shouldnt be greedy, set the price at reasonable price
@Western-3rdSt. You sound like someone who would say edi "ikaw nalang mag prisidinti" I will not spend time researching for a resource person BUT I suggest a resource person that at least is NOT a real estate developer with most of his net worth depends on how high the prices of houses and rent are, regardless of the consequences.
Yung mga OFW or nasa ibang bansa tulad ko na may investment rental property sa PH, I think the best way to mitigate this is to pay off fully yung property before deciding na mag for good sa PH. Para kahit ano mangyare sa economy, mabakante man yan ng ilang buwan, or bumaba man yung renta, ang mahalaga wala nang mortgage yung property. Yung mga mini fees na lang yung babayaran tulad ng HOA and whatnot. Tapos kahit bumaba ang price ng rent, positive pa din magiging cash flow niya kasi paid off na siya. Kahit bumaba ang rent at bawasin yung mga dues and HOA, positive pa din.
Uu bili ka 5m+ tapos ung mag rerent na local p15,000 lang budget haha ang ROI mo mga 50 year lol. Bumili ka nalang sa abroad at pa rent mo mas maganda pa.
may real estate tax pa + association dues + maintenance. di worth it bumili ng condo unless may gagamitin ng mga anak pag nag college. baka naman after 10 years mag normalize kung di sobra mag build build build ang mga property developers
That's all right if it drops. Have you seen china real estate market. Real estate in the philippines become slower because the population is declining no more baby boomers
Same thing in the USA. Housing and cars are unaffordable. So what happens-nobody buys. The question is who’s going to cave in first? Will it be the buyer or the seller?
@kapihannibeshie9634 ung mga nakikita ko na mga townhouse na mga bahay. 45-50sqm lng ung lot area tapos price is nasa 4m pataas. Grabe ung presyo. Tapos outside metro manila pa un ha.
@@HansLotap Dito sa USA pag sinabing milyon nasa prime area ka . Meaning every year tumataas ang price ng property mo at kikita ka talaga. Very sad sa Pinas !
@@kapihannibeshie9634 same in the U.K taas ng taas ang presyo ng property dito habang tumatakbo ang panahon nagiging valuable ang property hindi katulad sa Pilipinas habang tumatanda ang bahay nagiging mura ang halaga.
Madalas na ittong news. May nag pupush cguro na bumili tyo ng condo. 1st put new law to regulate real estate. Then make it tranparent to all. Hayaan mo yun market mag correct. Overpriced lahat ng real estate.
Philippines needs to attract more foreign investors to invest in the country. Fix infrastructure, a reliable source of energy and electricity. BPOs will be replaced with AI within 2 years. Then, we'll have more vacancy in the condo industry. Jobs jobs jobs!!!!
I don’t think the real estate or the condo market in the Philippines or NCR will recover sooner than you David thinks. They are overpriced, because the price is controlled artificially over inflated by the top 4 large companies. Their build quality is very poor, workers wages are way below the inflation, the banks don’t lend money because they are overly exposed in real estate debts and lastly the government doesn’t have any concrete plans to stimulate and grow the Philippine economy, they are all so busy how they can be re-elected.
ThE BIG PROBLEM OF THIS COUNTRY IS GREED!!! AND THE GOVERNMENT ARE PROTECTING THE BIG GUYS. THAT OUR OWN KAPWA FILIPINO HAVE SUCH STRUGGLES TO OWN A LAND, A HOUSE OR A CONDO. AND THEY HAVE TO GO OUT OF THE COUNTRY TO FIND A JOB. THE DEVELOPERS ARE already THAT FAT OF THE PROFITS THEY MADE.
We went and looked at condos and they wanted more for a small space than I could get in vegas on the strip in a nice location with all the good infrastructure. Maybe if they get the basics right such as hospitals and traffic it maybe more attractive to those with bigger budgets to invest here. We decided to just buy a huge farm lot in the province and will build a house that I could fit 30 of those condo boxes in for half the price.
The Real Estate industry is hyper-localized. What happens in one city does not necessarily mean it will also happen in other areas. In our condo project, all towers were sold out since May 2024. I was anticipating it will cool down for a bit but it didn't And still tenanted for years already. Perhaps location and HABU (Highest and Best Use) case of a property really affect its sales in the long run.
It's good if prices of properties go down. So, I can buy and choose from several choices. Since, it will be a buyer's market, instead of sellers market. It's simply a price adjustment so prices reflect reality.
condo units are very expensive and over priced! work hard tlaga. stupid advice from a biased property consultant. make all condos very affordable. like 1M only for 1 bedroom, and less than 1m for studio unit. do that if u want all these condos to be sold.
Dapat kasi government nakikipag kumpetensiya sa pagbuild ng condos, hindi puro private lang para may option ang mga Pinoy, tulad dito sa Korea. May apartment na mamahalin meron din naman abot kaya na gawa ng gobyerno. Matagal na namayagpag ang mga ganid na developer ayan ang balik ngayon sa kanila. Ang mahal ng mga condo, ang mahal pa ng assoc. dues. kakapirasong unit overpriced.
I think his recommendation to take advantage of the "generous terms" and "records low interest rates" only applies to stable/rich investors but if you're just starting, I think the wisest thing to do is to save and increase your savings muna in a low-risk investment like MP2 and push the button when the time is right (if you know what I mean) and if you have some money saved na, instead of investing in condos, maybe invest in lands (for apartment building/commercial building) in provincial areas or areas being developed like Pampanga, Laguna, Bulacan, Cavite, Batangas, etc as they will increase overtime din naman, and wwaaayy cheaper and faster ROI than condos + capital appreciation din naman + you own the land. We're renting out two condos and the annual returns are quite low compared to MP2, we will most likely sell once the market stabilizes and just buy land and put up an apartment sa province, yung 1 studio unit namin, konti nalang i-add namin at may 6-unit apartment na (depending on the size of each unit) sa province when we asked for a quote from a contractor.
I'm curious if this will also affect regular home construction? Will the price of materials go down since demand is down Edit: video title already answered my questions 😅
Why is lower property prices a bad thing? We want lower prices in everything we need and use. Its no different with property. Definitely good news for us consumers.
I don’t believe the mid market - specifically house and lots priced 3 - 10m will have a problem. They are usually first time buyers. They are getting land and a house. Studio condos priced that way in metro Manila yeah sure. Those can go.
Prices are not the problem. I recently tried to buy a home in Philippines and the biggest challenge was the rate of the mortgage. Lets say price of the house is 3mil and obviously not many people have 3mil cash on hand so they want to pay for 15,20 year or more, so by the time 20 years pass the total payment will equate to 6 or 7mil.thats ridiculous.
If the developers are really generous, why not sell it at a lower price? The problem with extended terms is the value remains high and that condos are only valued 10 to 12 years.
House and lot properties posted by developers are so overpriced that the listings have been sitting on the market for years I am aware how much construction costs so I know when a property is overpriced. As for condos, I have been discouraging my friends in buying them. Not really a good investment
Although it hasn’t gained traction yet but AI, which is improving by leaps and bounds, is going to pose a challenge on the BPO workforce. The customer service companies and others that offer low skill BPO jobs, are going to be replaced by AI whether they like it, or not. The savings on operations are going to be significant and will require no onboarding or training of a workforce when there is manpower churn. Wala pang papansin sa comment na to now but wait a year or two and the sector is going to start feeling the crunch. This will challenge the rental market.
Yung iba dito ROI agad iniisip eh para saan ba ang reason bakit ka bibili ng bahay? Diba para may matuluyan ka o ang pamilya mo? Kung mag iinvest ka for business I think condo is not worth it since madami ang supply kesa sa demand.
mababa interest rates pero loan interest ina adjust yan yearly kaya pag tumaas ulit interest rates mag adjust din babayaran. repriced ang mortgage loans. kung fixed yan at walang repricing magloan na ako
Good! Please let the dip continue further! Real Estate companies have been operating at extreme greed. Its time for them to sell their expensive dog houses at a fair price.
para akong nabunutan ng tinik ng mapapayag ko ang asawa ko na icancel na namin ang pagkuha ng condo . bayad na ako ng reservation . ng mapagtanto ang lahat 😂 ok na yon kahit hndi mabalik . kesa maipit sa investment kuno na OP . share experience lang po ✌️
Naglagay lang ng karatula ng "soon to rise preselling price agad kaya daw mura. Tapos pag 60% completed, Rfo na agad kaya mahal na. Tapos after another 1yr, tumaas ulit kasi paubos na raw😅😅😅. Pauto naman ang mga buyers😅😅😅😅😅.
Metro manila prices are overpriced.. prices outside metro manila however it's a different ball game.. Expect increase in prices for properties outside metro manila. People are opting to buy houses outside metro manila now. Supply is lower hence prices are continuously increasing
Mahal pa rin po ang prices nila tapos i-loan pa, kung papasa ka sa requirements. After 10 or 15 years, millions na rin ang naibayad mo sa interest pa lang.
Leechiu was asked the same question 2 years ago and he cannot answer directly, same as now, his perspective is very biased. credibility thrown out the window.
Overpriced and an irritating activity in the PH is that propertues are being sold at pre selling price to Brokers, Agents, Bulk Buyers who immediately put them up on the secondary marlet at an overpriced rate.
Work Harder? Yung iba halos hindi na natutulog kaka overtime. Kahit naman patayin ang katawan kung ang sweldo mo minimum wala rin. Wala namang ginagawa gobyerno sa contractualization. Yung mga tycoons kuno na yan puro contractuals ang iniemploy. Kaya lalong palaki ang kita nila. Pero kung magsalita akala mo hulog na langit sa mga Pilipino.
Overall, the house prices in the Philippines are extremely over priced. The houses are match boxes, substandard, no yards. It’s another way to rip off the people.
Does the Philippine housing market think everyone works for the government where salaries are 6 digits and bonuses are being given every 1 or 2 months?
I would love a condo in the metro. However, walang sure balik yan sa investment. I'm not gonna pay 5-10M for a shoe box!!
That’s the real issue and is never discussed. This guys talked for More than ten minutes and said basically nothing. Now that the Chinese pogo things are gone the prices will come down fast. Foreigners won’t buy them either. We see the same thing you do.
The ROI will be very tiny .it won't make sense to buy them as an investment.
Rents are going down, prices for second hand condos will follow, too. Do not buy brand new ones. This guy is pumping up new condos since he has a vested interest in new construction/development. The way they describe mid-market, isn't affordable for the middle class.
Mlki p shoebox MO tingin Ko s condo s Pinas posporo Ng gagamba.
middle class condos are as big as hospital rooms
I was there in 2021 and 2022. I looked at a lot of condos in Manila and cebu. I am a retired American and make about 600k pesos a month. I thought the condos were way overpriced for what you get. Some of the common problems I noticed were.
1. Very unprofessional staff
2. Mediocre amenities
3. Poorly maintained buildings
4. Noise from outside
5. Noise from inside
6. Very small units for what you pay
Just not worth it in my opinion.
I agree with you very much. Buying a house or condo is a big rip-off practice in the Philippines. I end up not buying one.
@@esmiraldagovlogs3775 they sell them to the poor to middle fills who get them as status symbols and don’t know how to analyze an investment properly. It took me two seconds of looking at the numbers and the units itself to know it was not a good deal.
Try houses in Laguna.
yup! not worth it!
600k a month is way plenty to get a mortgage for high end house and lot in metro cities.
Developers kasi mga ganid sobrang minamahalan ang kairasong area ng condo unit nila. Kung tutuusin kumita sila noong pandemic dahil maraming nakahulog ng down payment na hindi nagtuloy dahil nawsalan ng trabaho. Hindi naman nila yun binalik yung mga pera na naihulog kinamkam nila tapos hindi sila nagbigay ng matagal tagal na palugit kinancel na nila agad noong hindi na maituloy ang bayad.
@@junvaron123 ung mga villar matindi land grabbing sila
at paliit ng paliit mga unit. parang mga closet na lang ang size. napakacheap low quality pa ang mga material at fixtures na binibigay.
@ sa cavite panay townhouses to lower the cost tas ang liit ng flr area at lot area
pano walang regulation ng gobyerno puro focus sa past admin
@ren3059 ask mo jan si Cynthia Villar bawal kontrahin ang batas nya para sa paggawa ng mga subdivision
With POGO's exit and the looming collapse of BPO because of AI, and this guy is telling us that the over supply of condos is temporary. No sir. You are out of touch.
its in his best interest to cover up the collapse how would he sell?
What do you expect from a developer 😅
David go home, you are drunk😂
The market is obviously flooded with more inventory than demand can absorb, leading to stagnation in sales and an increase in unsold unit, prices have shoot up beyond what the average buyer can afford, disconnecting from local income levels and economic fundamentals. Even OFW and foreigners are staying away from buying. WTH 😂 is this guy talking about.😅
Self-interest, mga oligarchs na sila. Real estate developers na sila, they also own banks pa. So it is a win-win for them.
6:05
I'm sorry but I shed no tears for this level of greed.
Exactly !!!!
Since when did a condo worth "up to 20 million" become middle market? So say a middle class employee takes out an 80% loan 15 yr loan at 7.5% for a 20m unit, that is about 150k per month for 15 years for mortgage. If a bank will approve this loan, you would have to earn at least 450k a month net. Since when is that "middle market"?
They are thinking by american standards. US education gives you that
@@darkboard5556 are you sure? They shouldve adjusted the numbers to the ph context.
Who earns 450k in Ph haha . Philippines is out of touch with reality. Poor infrastructures, sky high utilities and food prices, unstable government and full of corruption. How can they justify charging millions for shoe boxes?
Most condo developers were probably raised in the USA or some other expensive ass country and MAYBE forgot to adjust prices when staying in the Philippines 🙄
Kung congressman ka madali lang yan 450k
Gusto lang ng mga developers na to bumalik mga pogo workers para mapataas nila ulit cost ng rent and housing. Ibaba nyo para sa mga working class na Pinoy. Nag iingay kayo kunwari lugi pero hindi naman.
Ano kaya ang katangian at hitsura ng isang condo unit para sa mga working class Pinoy? Anong size? Materials na gamit? Lawanit ba?
Of course it will decline, they're ridiculously overpriced. Yes you can keep raising the prices to the moon to millions and millions every year, but who will afford to buy them?
Same as the USA 🇺🇸. Over priced houses and condos sit empty for months, some even years, with no buyers. Wages can’t keep up with rising home prices.
mid end condo lng nag declined prices ng condo, dahl sa POGO exodus, kac WLA na biggest renters, pero sa mga high end or Luxury condo pataas ang prices, Hndi afected ng POGO exodus, kac NO POGO will rent high end condo, kac mahl, hal 47 sqm na mid end condo nsa P10M-P13M, Pero sa high end condo nsa P18M-P23M depende sa area at saan malapit,
just wait for the real estate bubble burst
@@marvinphillips1326 there is no comparison between US and Philippines in terms of housing markets. Most condos are way too small to live in and badly build.
Maybe they should make condos affordable for the local wages and not for foreign people and foreign wages. What's the good of housing if the average citizen cannot afford it. that's a recipe for slums to develop.
They don't care
@@darkboard5556 yes I know, the developers and oligarchs in the Philippines are on another level of out of this world greedy. They bought up all the prime lots too raising the prices of land , making it unaffordable for the rest of the masses and then they build condos that are the size of a shoebox and charge millions and millions for it.. And they will not lower prices they will just hold on to it forever even if it rots. Same with mall owners oh wait they are one and the same.
Problem is government is allowing other countries develop property here. Also ban foreign ownership of condos.
@@megantaylormichaels Yes I know Singaporean Chinese are making condos there and they're adopting the business practices of local developers of build very tiny and charge super millions.
Well, I'm a foreigner who soon will rent to live there, and I can tell you I'm not willing to pay the current asking prices.
My advice to Filipinos is don't just look at the amortization price, if the contract price of the property remains high or the same, don't buy.... developers are blindsiding you into believing that it's cheaper by stretching the amortization period, instead of reducing the contract price
Correct!
Yup, I only could laugh when he tried to deflect the question with that "It's never been easier to get skinned alive!" 😝
Ayaw pang aminin ng mga Developer na talaga namang napakamahal para sa mga Filipino. Akala nila maloloko nila ang mga foreign market eh mga wise ang mga yan pag dating sa mga ganyan. Sa kanila na mismo nang gagaling na hindi worth for the money yung mga condo na ibinebenta ng mga developer as far as quality at size para nga nmang match boxes at kpag minalas ka may mga tulo kpag umuulan sa unit mo.
I AGREE..OVERPRICED!!
Exactly. Alam naman ng foreigners for the same price mas maganda makukuha mo sa thailand or other countries
Many investors selling their units at below market values
Developers make market prices high everytime. So investors get to profit even when selling below market prices. 😂😂😂
Pretty soon it will be straight up defaults. People will need to choose between eating or an overpriced condo that they hate anyway. Walking away is the best option.
We dont need POGOs. Period
We needs POGOS THEY'RE CHEAPER THAN WESTERN 💩 💩 😅.
No....😅😅😅 this is good for more filipinos to make the property market more affordable to most filipinos... we don't need your Pogo
@@jhustbie ask BBM he said he banned pogos. But pogo websites are still online 😂
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Cox demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
the cons of the POGOS whether they are involved in illegal activities or claimed to be not will always be greater than the pros. the women you mentioned that deals card virtually getting healthy salary is the work we dont need for women in the country as most are educated and will be willing to work hard to have a decent work and progressive career, so don’t tell us POGO caused the crash or even is one of its significant contributor, because it is not..what caused the crash is GREED period. NO to POGOS no matter what.
Yes to POGO No Western 💩 in Asia!🎉😊
The fear is just starting. This guy is obviously trying to pump a beginning of a declining market. Yes you shouldn't time the market but you also shouldn't catch a falling knife. Don't take advise from this guy. He's just deep in RE investments and he don't want to bleed.
He is just trying to salvage his career
yup he is an EXPERT kuno... he lost his credibility long ago... wat else can we expect from a salesman... pabago bago ng salita.. ok yung RE tapos dili na naman oki.. tapos oki naman... ahahaha
36 month over supply and prices are holding??? Really??.
Let’s thank developers for their kindness lol
26sqm for 8Million
You should also invite the consumer group representative, not only property consultants.
Minopolize na kasi ng mga developers ang mga real estate kahit magpagawa ng sariling bahay mahirap na kasi kinuha nila lahat ng lupain
The guy is a typical developer capitalist, of course he makes this sound like POGO exodus is a bad thing. It's bad for his wallet. Also, advising you to just "work harder" to earn more. It's not that simple, but for sure works better for large corporations like his.
Very bias and disappointing choice of guest. Hosts did not even challenge the guest. Put in some real journalists in the show.
Very well said
True. One sided
hosts are useless, need more journalist that can ask the right questions without script - this guy is biased and not relaible, issue is simple, condos in PH are overpriced. Stretching the payment terms is not the solution, they shouldnt be greedy, set the price at reasonable price
So who do you have in mind? I’ll wait.
@Western-3rdSt. You sound like someone who would say edi "ikaw nalang mag prisidinti"
I will not spend time researching for a resource person BUT I suggest a resource person that at least is NOT a real estate developer with most of his net worth depends on how high the prices of houses and rent are, regardless of the consequences.
Yung mga OFW or nasa ibang bansa tulad ko na may investment rental property sa PH, I think the best way to mitigate this is to pay off fully yung property before deciding na mag for good sa PH. Para kahit ano mangyare sa economy, mabakante man yan ng ilang buwan, or bumaba man yung renta, ang mahalaga wala nang mortgage yung property. Yung mga mini fees na lang yung babayaran tulad ng HOA and whatnot. Tapos kahit bumaba ang price ng rent, positive pa din magiging cash flow niya kasi paid off na siya. Kahit bumaba ang rent at bawasin yung mga dues and HOA, positive pa din.
Uu bili ka 5m+ tapos ung mag rerent na local p15,000 lang budget haha ang ROI mo mga 50 year lol. Bumili ka nalang sa abroad at pa rent mo mas maganda pa.
may real estate tax pa + association dues + maintenance. di worth it bumili ng condo unless may gagamitin ng mga anak pag nag college. baka naman after 10 years mag normalize kung di sobra mag build build build ang mga property developers
Developers need to stop building condos!! Metro Manila is just filled with too much high rise residential.
That's all right if it drops. Have you seen china real estate market. Real estate in the philippines become slower because the population is declining no more baby boomers
Same thing in the USA. Housing and cars are unaffordable. So what happens-nobody buys. The question is who’s going to cave in first? Will it be the buyer or the seller?
TRUE!
Sobrang mahal ng benta ng mga developers. Sobrang OP. Grabe ang liliit ng lupa at bahay pero ung presyo grabe ung overprice. Matatawa ka nalang e
Or maiiyak ka sa inis . Grabe talaga sa Pinas !
@kapihannibeshie9634 ung mga nakikita ko na mga townhouse na mga bahay. 45-50sqm lng ung lot area tapos price is nasa 4m pataas. Grabe ung presyo. Tapos outside metro manila pa un ha.
@@HansLotap Dito sa USA pag sinabing milyon nasa prime area ka . Meaning every year tumataas ang price ng property mo at kikita ka talaga. Very sad sa Pinas !
@@kapihannibeshie9634 same in the U.K taas ng taas ang presyo ng property dito habang tumatakbo ang panahon nagiging valuable ang property hindi katulad sa Pilipinas habang tumatanda ang bahay nagiging mura ang halaga.
Don't make it seem like POGOs is a good thing. Tumigil nga kayo. POOR journalism! 🤮
Sana maging mura na ang pabahay sa pinas para makapamili na ako ng bahay❤❤❤❤
good the condo prices were going ridiculously expensive and overpriced its a good correction
30k per sqm cost of per sqm kapag nag pa kontrata.. Pero 100k ang bentahan..
Madalas na ittong news. May nag pupush cguro na bumili tyo ng condo. 1st put new law to regulate real estate. Then make it tranparent to all. Hayaan mo yun market mag correct. Overpriced lahat ng real estate.
After the pogo left, the real estate market is self-correcting now. The developers just do not want the levels to which it is correcting now.
Please don't ask the lawmakers to come in, they always screw things up. Tama na yun sinabi mo na let the market correct itself.
@@ballhawking101 exactly they wanted to retain their prices as if the purchasing power of filipinos could afford those.
Philippines needs to attract more foreign investors to invest in the country. Fix infrastructure, a reliable source of energy and electricity. BPOs will be replaced with AI within 2 years. Then, we'll have more vacancy in the condo industry. Jobs jobs jobs!!!!
Bad idea. Ban ownership of condos with foreigners. Ban foreign investors in ANY real estate. Chinese will bleeding this country dry.
Condo and housing price are too high and it increase insanely fast that doesn't match the local income.
I don’t think the real estate or the condo market in the Philippines or NCR will recover sooner than you David thinks. They are overpriced, because the price is controlled artificially over inflated by the top 4 large companies. Their build quality is very poor, workers wages are way below the inflation, the banks don’t lend money because they are overly exposed in real estate debts and lastly the government doesn’t have any concrete plans to stimulate and grow the Philippine economy, they are all so busy how they can be re-elected.
yes they BSP didnt capture all, and its much worse than you think... it will show in a few months.. tf you saying its stable... tell it to the marines
I love the jab at Colliers haha "Who?" 😂
ThE BIG PROBLEM OF THIS COUNTRY IS GREED!!! AND THE GOVERNMENT ARE PROTECTING THE BIG GUYS. THAT OUR OWN KAPWA FILIPINO HAVE SUCH STRUGGLES TO OWN A LAND, A HOUSE OR A CONDO. AND THEY HAVE TO GO OUT OF THE COUNTRY TO FIND A JOB. THE DEVELOPERS ARE already THAT FAT OF THE PROFITS THEY MADE.
karma!!! such a small space tapos napakamahal milyon haha... lol.
🎉🎉 Happy New Year!
i think developers held on to the higher selling prices for new units. It is the resale or secondary sale that has gone down.....
We went and looked at condos and they wanted more for a small space than I could get in vegas on the strip in a nice location with all the good infrastructure. Maybe if they get the basics right such as hospitals and traffic it maybe more attractive to those with bigger budgets to invest here. We decided to just buy a huge farm lot in the province and will build a house that I could fit 30 of those condo boxes in for half the price.
For condo, u need to pay for parking apart from assoc fees monthly and yearly. Magastos
The Real Estate industry is hyper-localized. What happens in one city does not necessarily mean it will also happen in other areas. In our condo project, all towers were sold out since May 2024. I was anticipating it will cool down for a bit but it didn't And still tenanted for years already. Perhaps location and HABU (Highest and Best Use) case of a property really affect its sales in the long run.
Rent to own condo scheme a smart approach to homeowners?
It's good if prices of properties go down. So, I can buy and choose from several choices. Since, it will be a buyer's market, instead of sellers market. It's simply a price adjustment so prices reflect reality.
condo units are very expensive and over priced! work hard tlaga. stupid advice from a biased property consultant. make all condos very affordable. like 1M only for 1 bedroom, and less than 1m for studio unit. do that if u want all these condos to be sold.
8080 magtanong ni Gretchen. asking something that is very obvious
They (journalists) all do.
Kasi madami rin bobong nanonood na need pa ispoonfeed ang obvious ^^
Dapat kasi government nakikipag kumpetensiya sa pagbuild ng condos, hindi puro private lang para may option ang mga Pinoy, tulad dito sa Korea. May apartment na mamahalin meron din naman abot kaya na gawa ng gobyerno. Matagal na namayagpag ang mga ganid na developer ayan ang balik ngayon sa kanila. Ang mahal ng mga condo, ang mahal pa ng assoc. dues. kakapirasong unit overpriced.
Great news. We need house prices to come down❤❤❤❤
Well no one can afford and cost to value doesn't seem to be worth it
No to POGO
Yes to POGO NO to Western 💩 in Asia! 🎉🎉
make condo units and other housing affordable to middle class it will solve these problem.
I think his recommendation to take advantage of the "generous terms" and "records low interest rates" only applies to stable/rich investors but if you're just starting, I think the wisest thing to do is to save and increase your savings muna in a low-risk investment like MP2 and push the button when the time is right (if you know what I mean) and if you have some money saved na, instead of investing in condos, maybe invest in lands (for apartment building/commercial building) in provincial areas or areas being developed like Pampanga, Laguna, Bulacan, Cavite, Batangas, etc as they will increase overtime din naman, and wwaaayy cheaper and faster ROI than condos + capital appreciation din naman + you own the land. We're renting out two condos and the annual returns are quite low compared to MP2, we will most likely sell once the market stabilizes and just buy land and put up an apartment sa province, yung 1 studio unit namin, konti nalang i-add namin at may 6-unit apartment na (depending on the size of each unit) sa province when we asked for a quote from a contractor.
I'm curious if this will also affect regular home construction? Will the price of materials go down since demand is down
Edit: video title already answered my questions 😅
Why is lower property prices a bad thing? We want lower prices in everything we need and use. Its no different with property. Definitely good news for us consumers.
No average Filipino can afford condos because they're overpriced and loan interests are high! Prices needs to be regulated and assessed fairly.
I don’t believe the mid market - specifically house and lots priced 3 - 10m will have a problem. They are usually first time buyers. They are getting land and a house.
Studio condos priced that way in metro Manila yeah sure. Those can go.
grabe napakamahal x4 na noong 2019
sa price ng condo ngayon makakapagpatayo ka na ng bahay at 2 door apartment basta may lote ka na
Prices are not the problem. I recently tried to buy a home in Philippines and the biggest challenge was the rate of the mortgage. Lets say price of the house is 3mil and obviously not many people have 3mil cash on hand so they want to pay for 15,20 year or more, so by the time 20 years pass the total payment will equate to 6 or 7mil.thats ridiculous.
david leechiu is just talking about supply but he isnt talking about REAL not projected demand which in reality dictates prices now .
How much ba dapat yung salary ng target buyers nila ng Condo units?
If the developers are really generous, why not sell it at a lower price? The problem with extended terms is the value remains high and that condos are only valued 10 to 12 years.
This headline is misleading.
Metro Manila is not the Philippines.
A unit in Cebu in a business district is 9M for 18sqm. No thanks
Taasan ang tax for those who own more than one residential homes or condos. Ma-cocorrect iyan.
This is good,
I think there is more bad news coming specially this year 1st second quarter
House and lot properties posted by developers are so overpriced that the listings have been sitting on the market for years
I am aware how much construction costs so I know when a property is overpriced.
As for condos, I have been discouraging my friends in buying them. Not really a good investment
BPO bird told me company lost 50% of business because of AI already! this together with POGPO ban is a double whammy to condo market!!!
I'm still expecting a crash, and do it ASAP. the prices doesn't make any sense at all. buyers are mostly people using it for renting
di Talaga ako bibili ng 27 sqm for 6-7 million, buti pang house and lot outside city
Although it hasn’t gained traction yet but AI, which is improving by leaps and bounds, is going to pose a challenge on the BPO workforce. The customer service companies and others that offer low skill BPO jobs, are going to be replaced by AI whether they like it, or not. The savings on operations are going to be significant and will require no onboarding or training of a workforce when there is manpower churn. Wala pang papansin sa comment na to now but wait a year or two and the sector is going to start feeling the crunch. This will challenge the rental market.
I agree with you. I saw a short video of a tech CEO who plans to replace agents with AI.
Sabi ni collier 5 yeasa
This is good news lower income families can now afford to buy houses ... May this continue till the very poor can also avail a dicent home...
Yung iba dito ROI agad iniisip eh para saan ba ang reason bakit ka bibili ng bahay? Diba para may matuluyan ka o ang pamilya mo? Kung mag iinvest ka for business I think condo is not worth it since madami ang supply kesa sa demand.
mababa interest rates pero loan interest ina adjust yan yearly kaya pag tumaas ulit interest rates mag adjust din babayaran. repriced ang mortgage loans. kung fixed yan at walang repricing magloan na ako
Good! Please let the dip continue further! Real Estate companies have been operating at extreme greed. Its time for them to sell their expensive dog houses at a fair price.
Kaya gusto rin ngayon ng mga offices ng RTO para may magrent ng mga condo units.
para akong nabunutan ng tinik ng mapapayag ko ang asawa ko na icancel na namin ang pagkuha ng condo . bayad na ako ng reservation . ng mapagtanto ang lahat 😂 ok na yon kahit hndi mabalik . kesa maipit sa investment kuno na OP . share experience lang po ✌️
Naglagay lang ng karatula ng "soon to rise preselling price agad kaya daw mura. Tapos pag 60% completed, Rfo na agad kaya mahal na. Tapos after another 1yr, tumaas ulit kasi paubos na raw😅😅😅. Pauto naman ang mga buyers😅😅😅😅😅.
Price ALL COMES DOWN. iTS DOES NOT WORK LIKE THIS GUY SAID.
Metro manila prices are overpriced.. prices outside metro manila however it's a different ball game..
Expect increase in prices for properties outside metro manila. People are opting to buy houses outside metro manila now. Supply is lower hence prices are continuously increasing
Mahal pa rin po ang prices nila tapos i-loan pa, kung papasa ka sa requirements. After 10 or 15 years, millions na rin ang naibayad mo sa interest pa lang.
Sobrang mahal
OMG single detached ung binibili ko hindi pa magmumura un
Dapat wait mo muna magsibaba ang presyo saka ka bumili. Sayang din kasi yung matitipid mu.
pucha, inasahan ni Leechui ung demand sa BPO industry. wow!!! very logical and credible. expert nanaman ba to?
Leechiu was asked the same question 2 years ago and he cannot answer directly, same as now, his perspective is very biased. credibility thrown out the window.
Overpriced and an irritating activity in the PH is that propertues are being sold at pre selling price to Brokers, Agents, Bulk Buyers who immediately put them up on the secondary marlet at an overpriced rate.
Buy local support local business
Urbanization of every district's gusto maging katulad ng BGC tayo ng tayo di na anticipate ang demand over supply
mas may sense ito na interview kesa dun sa kabila na gusto lang maka benta.
Leechui sympre pina positive maawa tao . Sarili iniisip nyo. Tell the truth!
Work Harder? Yung iba halos hindi na natutulog kaka overtime. Kahit naman patayin ang katawan kung ang sweldo mo minimum wala rin. Wala namang ginagawa gobyerno sa contractualization. Yung mga tycoons kuno na yan puro contractuals ang iniemploy. Kaya lalong palaki ang kita nila. Pero kung magsalita akala mo hulog na langit sa mga Pilipino.
Overall, the house prices in the Philippines are extremely over priced. The houses are match boxes, substandard, no yards. It’s another way to rip off the people.
Good for ordinary working Filipinos!!!
Biased 😂😂😂😂😂😂😂😂😂
They wanted the pogo back
It's increasing
Does the Philippine housing market think everyone works for the government where salaries are 6 digits and bonuses are being given every 1 or 2 months?