Manila is on gigantic real estate bubble. It’s crazy, properties are ridiculously priced, some of them are even more expensive than properties in some cities in the US
Correct. Condo developers in the Philippines have created a bubble with their super inflated prices. That's why I only buy "low-end" lower-priced condos located in strategic & booming areas under the VAT threshold. That way when the Philippine real estate market crashes in 8-12 years, I'm okay holding on to a decent & reasonably priced and fully paid retirement pad that I can actually use when I fly to the islands when I'm on vacation.
I already bought my first condo for less than the VATable amount/limit. I'm currently considering Cebu Land Master's ongoing condo development in Puerto Princess where the one bedroom units are priced below P3 million.
Wouldn't buy in the PI anymore than I'd consider it in Thailand. There is just too much instability in both countries, hell, the world in general. NEVER buy something you're not willing to walk away from on a moments notice!
I'm 5:54 minutes into the video and I can't help but make a comment on that first 1 BR condo that is so puny. That costs 45k?? omg. If you're someone who's watching this for the reason of moving into a condo, heed my advice. Look around and be patient. There are a lot of condos in the metro that offers a better deal. Bigger, better developer, same area or in Makati and to top that half the price of 45k! These guys are pushing it too hard, taking advantage. I was just in the same position at about a month ago and I saw a couple of units, when you do find that unit that fits your budget right, it doesn't have to be low end just to meet your financial capability. Trust me, when you find it, it almost feels like other units are a scam.
Work-from-home arrangements hit these condos really hard. If you can work and live with your family at the same time, away from traffic and all, you'll definitely ditch the city life. And many companies are holding their ace cards for now while anticipating the economic boom in Bataan because of the Bataan-Cavite bridge project. House and lot sales in Cavite and Bataan will soon increase, affecting real property prices in nearby cities.
Expats live in the Philippines for economical living. Not many want to pay 800-1000 US dollars per month for rent. Most are wanting 500 max per month. In Bangkok, you can still get a nice condo for $150 (small) -$300 (roomier) per month, right near the BTS too. $500 will get you a larger, well located condo. Imagine what you can get outside of Bangkok in some of the suburbs or outlying smaller cities.
I have no knowledge of Bangkok, but in the Philippines, this is basically the most expensive area. You can find places all around the Philippines for a. Couple hundred dollars per month. My wife and I stayed in a place for $60 per month while building our house. So for being the most expensive area, not bad??
I have no knowledge of Bangkok, but in the Philippines, this is basically the most expensive area. You can find places all around the Philippines for a. Couple hundred dollars per month. My wife and I stayed in a place for $60 per month while building our house. So for being the most expensive area, not bad??
This is the problem with most Philippine architectural designs. They look modern & futuristic outside but, the interior design doesn't make sense at all. Because of the expensive types of furniture that go inside a house or building most of these designers grew up never really had the feel of a full house.
Good to see more videos of those Federal Land developments. Hope you can have one for their newest tower, Park Avenue, and how it compares to their older towers and against Parksuites 👍
@beachkid1 Hahahaha, you should really educate yourself before shouting from your soapbox. the Philippines doesn't have a federal system so obviously "Federal Land" is just a name they called their company 😝😜🤪
the ENGLISH language? Been to Thailand and the locals could not even answer my "where's the closest restaurant around here?". THAT SIMPLE and not one English answer. In the Philippines, they speak to you in English.
They keep building new condos as if they are selling them like jellybeans. For expats rental prices in PH are good but selling prices are insane. In Cebu most units are unoccupied. Speculative investors bought up chunks to keep prices inflated. You can buy a nice condo in a developed country like the US in a state like Florida for the same price of what they are asking for condos in the Philippines. Though BGC is like living in a bubble, it is a nice one.
@@deadcell1 The HOA are the HOA. It's not an external company. It's Homeowners Association. People who live there. So yes, they monopolize and they vote on the how they want to live.
Exactly I live in Florida. Between HOAs Home Insurance,car insurance and property tax,you have to be wealthy to live here now,where it used to be the affordable place to retire. The downfall really started with COVID.@@deadcell1
I just want to weigh in on the smart TV issue. TVs can last anywhere between 10 and 15 years and rarely more than that. The issue is media streaming technology is changing very rapidly. If you have a smart TV with Android ## built-in, it is possible that it will be non-functional in as little as 4 years. In my honest opinion, I believe in getting a non-smart TV and then adding whatever streaming device dujour so that you can easily upgrade when it ceases functioning properly. 👍
@@fernan5320 sounds like you've had some bad luck with TVs. I can fix audio and video electronics blindfolded since it's something I've done for almost 30 years. If you don't get at least 10 years out of a TV then you've had bad luck or you bought a very low quality product line. Sony products tend to break early even though they tend to be on the more top end of product lines because they use non-leaded solder which is brittle and cracks.
Wow i like that condo with the massive swimming pools Mergim thank you for showcasing the area for shore it will help me and my husband to shop for condos thanks for sharing
There was a time I thought of buying a condo but I felt I was being scammed because of the prices. Glad I did not. Real estate bubble will be good for the Philippines.
Utterly small, unimpressively furnished units. I live in Tijuana Mexico, and I pay $950 a month for a fully furnished unit (2000 sq. feet, 3 balconies, 2.5 bath, huge kitchen (16ft X 13cft).; laundry room with washer & drier, and panoramic ocean views from all balconies.
Tijuana is a place for those who can't afford to live in San Diego, and San Diego doesn't even have a place comparable to BGC. Tijuana has a small population of 2.3 million, so no wonder real estate there is cheaper.
@@ejsampana426 No way around it... who can live like this!? Ridiculously small. Maybe Manila doesn't make the cut as cities go. Damned disappointing. Really, most Junior Suites in a hotel are at least this big. As a "HOME"... this is no way to live. The exception might be for a college grad who doesn't know better. Sad.
Yes area very nice and convenient and less noisy . Title is sorta click bait actually. Many friends have units fully leased out after very short Listing periods.
@@bureaucrazy1234 the only metric that matter is Marks metric mate no offence my situation is not A typical...I'm all paid off on my units.... I'm setup for income purposes aswell as asset relocation outside of my primary dwelling....FYI to all please invest the necessary money to Fit out your units this is the difference between 3monrhs of Vacancy compared to 1
above 70% of BGC flashy office buildings are vacant, same goes with most highrise condos all over Manila. Only a matter of time bubble pops and landlords regret being greedy
Even the tourist spots are also starting to get expensive here in the Philippines. Unlike the neighbouring Asian countries which is much more cheaper to go there including food and lodging. And this is me a Filipino saying this.
@@envillain"better units" is subjective, and island nations are always more expensive is what you clowns don't understand, Thailand and Malaysia are pricing things for Chinese and Indians, of course their stuff is slightly cheaper PH is pricing stuff for people from US, Thailands visitors are moreso less rich people US people have more money, no shit the stuff will be priced higher, plus Thailand and Malaysia have nothing near a BGC to compare, so yeah.
Yeah but u dont have the income potential you can have on those city in BGC other than online work for overseas firm or vlogging, taxation can be messy too.
Philippines condominiums are over supplied and expensive. Specially in prominent city in Manila. The rent is so high, and the bills are way too much. Not to mention the electricity bills, you’ll be lucky id you electricity goes down below 10k a month.
Definitely you are quite a real estate presenter.! The units quite small as to square footage fit for a single renter or a couple. That bed in the first unit is I believe a full. A queen will be too big for the room. Rates are reasonable! I would consider any unit with a parking space located in the lower floors. The units must be to be leased 6-12 months or more? Unlikely month to month rent. Condo living is not for eveyone, not for the claustrophobic, those afraid of height, fire, earthquake.. Could it be the gym requires a fee ? The security a plus.
most expensive Barangay in the Philippines.. BGC it was called Fort Bonifacio.. I was thought Fort Bonifacio was a army training camp and the same time as cemetery when I was a kid..
I still remember Fort Bonifacio when I was a kid too. I had an uncle who was a Colonel and my high school bud's father also was an officer so they all lived at Fort B. Still remember going in to visit with my parents and you have to tell them which specific area because name-dropping any name will give you that look.
Seems crazy that condo's hoping to rent for 45-50k have fridges with the wrong side doors and couches in the middle of the room not facing TV's, AC in middle of balcony not mounted on wall.
It would be interesting to make a video on the options that someone could request. Could someone get a new mattress, TV added, washer/dryer, lower rent, etc? Some of these things I would not think of negotiating.
IT'S INSANELY SMALL!!! Why is a sofa jammed up in the hallway??!! Where is the Living Room? I get it that people are supposed to be trained to expect less. Fine. But to me a proper 1 bedroom apt has to be at least 600 sq. feet or 55 sq meters. Where ... WHERE ... can one find that? And what do they go for? Frankly, I'd prefer a 1 bedroom with an office or 2nd bedroom, so 1,000 square feet is more workable. In fact 1,000 sq feet should rent for $1,000 USD -- yeah, that seems about right (and probably on the high end.) Thanks in advance for advice.
Prices have gone too high since pandemic lifted. Similar units use to be as low as 40k which is still too high for what it is but better than now many people even trying to get up to 1400 per sqm it’s stupid
Location is everything. You could make your coffee in your unit and you’re good. But if you want to go out, the best condos are the ones where everything is walking distance. American hoarders would definitely have to change up their consumerism.
Does anyone know if the backup generators for the condos in the Phils usually provide power to outlets? I would imagine that it might vary, but I am curious about what people are seeing, specially in bigger-city areas such as BGC. Thanks.
Thank you for posting. It's not the furniture arrangement. The problem is the architecture design is very elementary. For a high rise building, i would get a Japanese Site Architect consultant who specializes in minimalist coordinate with the Building Planner. Instead of wall replace it with glass to maximize view. If you sacrifice the layout of the living room, the owner will forever regret buying that condo. Takes me a year looking and comparing condos in San Diego, California. Even if you have the money, don't be in a hurry. Hope this helps.
Too expensive, condos here even with Ayala Premium are crazy prices!,,, more expensive than buying in US ( my daughter house in NJ is $375k for 3 bdrms, 3 t& bath, with a huge garden. Here 25M is only 1 bedroom. Really crazy price, in Japan you can also buy a very reasonable condo for $100k in Tokyo area
@@TheNYCexpat There is surplus, lots of vacant rooms due to 10 years of construction. Lots of disgruntled owners whose units that once had views are now blocked by other buildings, so dispatching them for whatever they can get. I got one already for under $3M and looking for another.
@@TheNYCexpatYes private sale. Go to the property offices and talk to them, they have lots of disgruntled owners looking to sell, especially those where one's balcony is facing another's balcony you could almost cross over.
@@bigradwolf5001 thank you. How exactly did you approach the property office about buying? I feel like of course they're going to push their higher priced or at least regular priced units first. How did you play it?
The properties in BGC are either excessively expensive or overpriced. It seems that the owners are aiming to generate a return on investment by renting them out at a higher rates. I've watched videos showing other property owners attempting to sell their properties, but they have been unsuccessful in finding buyers for years.
Entire BGC is a 15min neighborhood/CBD. You have everything you need 24/7 . Just across those condos is a mall and another street away is a large supermarket and across that are wholesome high end young people party clubs .. several of them. Check out videos of XYLO , etc Hope this helps. Cheers
it's the other way around. I know more expats are in the Philippines because of the ENGLISH language. You can get lost in the deepest remote jungle and the jungle dude will speak to you in English to ask "are you lost?". Expats GO and pay for $20K "mansions" in the provinces.
I think it's the developer making money not the owners. The monthly dues in a 1BR unit there is $100 and RPT is also expensive. Buying a unit there is not worth ur money as the ROI is slim.
The fridge opening on wall side is weird AF and looks crammy. What were they thinking? I wouldn't get the unit just because of that. Yes, I'm picky like that.
@@Mega-zi7ys - the wall is in the way. The door wouldn't be able to open, as it would crash into the wall. Unfortunately. I think it's the architect who's to blame.
1st condo you showed was 45k a month, jeez that's pricey... Low cost rent would be around 7k to 15k for filipinos... 20k is okay if you have someone else to pay with you, 25k is extending it but yeah if they can afford why not. but 45k I wouldn't... I think that pricing is for foreigners definitely.
Good because its super expensive. Condo, Flats etc should be the proper living in Philippines given its land space but these developers never made it affordable for normal filipinos
I believe almost 50% of condos in BGC are empty. Condos are not a good investment in the Philippines. Too many empty units and poorly built. Better to rent and not get stuck with an overpriced condo.
Click bait title hmm..condos in that area are easily leased out!😅 Know of many who have units there fully leased out very short Listing periods too. It's a nice and more quiet area. Yet very accessible and right across hotels, supermarkets and malls. Also no Airbnb which is better! Bec less ppl moving in and out daily!
The condo units are just way to small and too expensive for any interest I looked around for 3 months then went to Thailand what a difference I got a 60 sqm 1 bedroom on the 45th floor in Jomtien Beach right on the beach with incredible ocean views all the amenities u could want great security and Concierge service for 800.00 U.S. I got so much more valve for my money and everything I need is really close to me made the decision easy to stay in Thailand
This is a CBD area. There are many high end villages in nearby C5 and makati..but they'll cost you far far more than condos. And their average sizes are 9,000sqf and up. Newly built homes are required to have a minimum of 5 car garages as well. Many have basement parkings. And they're sold on cash basis, no mortgages like in the States.
@@willieshoemaker8680 but bgc and makati are comparable.. business scale is smaller but amenities are about on par as for food I don't think makati and bgc lose out to sfo at all.
@@bigbearhugebear9018 air conditioner are the one that huge consuming of the electricity.. next is the refrigerator.. specifically a box-type air conditioner
Renters/owners will soon wake up that rental market is saturated. Philippines is the last one to feel the global crunch. So when everyone is still buying at an inflated price in the Philippines, the global markets are already crumbling. By the time you're holding the mortgage of these rental properties in Philippines, global economics is in a mess, incomes are crumbling, money is drying up, foreigners working there and occupying these rental units are being called back. Before you know there's no one left who can afford to pay for these rental properties. And you are left holding the bag trying to come up with money month after month trying to pay for these mortgages. No wonder there's a lot in the market for sale now at insane prices.
People should remember that Taguig, where BGC is in, has a fault line running through it.
NO. There no fault like running through it. There is a fault line adjacent to it but not through it.
Who cares were all just gonna die anyway?
THERE IS NONE. STOP SPREADING FAKE NEWS.
its not like being adjacent makes it better any better 😂.
Manila is on gigantic real estate bubble. It’s crazy, properties are ridiculously priced, some of them are even more expensive than properties in some cities in the US
Correct. Condo developers in the Philippines have created a bubble with their super inflated prices. That's why I only buy "low-end" lower-priced condos located in strategic & booming areas under the VAT threshold. That way when the Philippine real estate market crashes in 8-12 years, I'm okay holding on to a decent & reasonably priced and fully paid retirement pad that I can actually use when I fly to the islands when I'm on vacation.
What is the VAT threshold amount?
Also, what areas areas are buying in?
The VAT limit is at around P3.12 million. Anything above that amount will be subject to an additional 12% VAT by the Philippine government.
I already bought my first condo for less than the VATable amount/limit. I'm currently considering Cebu Land Master's ongoing condo development in Puerto Princess where the one bedroom units are priced below P3 million.
Wouldn't buy in the PI anymore than I'd consider it in Thailand. There is just too much instability in both countries, hell, the world in general. NEVER buy something you're not willing to walk away from on a moments notice!
@@realpropertymangement7640 really good advice. It’s like lending money . don’t lend more than you’re willing to never get back.
I'm 5:54 minutes into the video and I can't help but make a comment on that first 1 BR condo that is so puny. That costs 45k?? omg. If you're someone who's watching this for the reason of moving into a condo, heed my advice. Look around and be patient. There are a lot of condos in the metro that offers a better deal. Bigger, better developer, same area or in Makati and to top that half the price of 45k! These guys are pushing it too hard, taking advantage. I was just in the same position at about a month ago and I saw a couple of units, when you do find that unit that fits your budget right, it doesn't have to be low end just to meet your financial capability. Trust me, when you find it, it almost feels like other units are a scam.
Work-from-home arrangements hit these condos really hard. If you can work and live with your family at the same time, away from traffic and all, you'll definitely ditch the city life. And many companies are holding their ace cards for now while anticipating the economic boom in Bataan because of the Bataan-Cavite bridge project. House and lot sales in Cavite and Bataan will soon increase, affecting real property prices in nearby cities.
That means prices in the cities should go down then.
There are amenities lacking in less populated areas, something to keep in mind. Eventually those may even out but may take time.
Expats live in the Philippines for economical living. Not many want to pay 800-1000 US dollars per month for rent. Most are wanting 500 max per month. In Bangkok, you can still get a nice condo for $150 (small) -$300 (roomier) per month, right near the BTS too. $500 will get you a larger, well located condo. Imagine what you can get outside of Bangkok in some of the suburbs or outlying smaller cities.
I have no knowledge of Bangkok, but in the Philippines, this is basically the most expensive area. You can find places all around the Philippines for a. Couple hundred dollars per month. My wife and I stayed in a place for $60 per month while building our house.
So for being the most expensive area, not bad??
I have no knowledge of Bangkok, but in the Philippines, this is basically the most expensive area. You can find places all around the Philippines for a. Couple hundred dollars per month. My wife and I stayed in a place for $60 per month while building our house.
So for being the most expensive area, not bad??
I lived in Min Buri, Bangkok for a year and paid $185/mo for a new condo unit.
not many want to live in BKK when they are trying to make ppl pay tax on already taxed money. BIG mistake!
@@thomasincali supposedly depends on how long or what season 🤔??
45,000 php per month for a one bedroom is highway robbery.... filter in utilities.. no bargain there. No wonder so many are empty
Your tight budget, may limit your choice. You wouldnt get a decent unit in my Condo with that budget
@@friarnewborg9213 Perhaps, but it begs the question... would I even want one? For that amount I should think knot.
You are right 😅 is totally criminal man
@@Mega-zi7ysThe bigger picture? What throwing away your money? Units sitting empty because they are over priced? What is the bigger picture pray tell?
@@kennethschweighardt4920 you will never understand what the real deal is outside your fishbowl 😂.
Bye 😂😂😂
Ps envy is a sin.
This is the problem with most Philippine architectural designs. They look modern & futuristic outside but, the interior design doesn't make sense at all. Because of the expensive types of furniture that go inside a house or building most of these designers grew up never really had the feel of a full house.
Very good point. Modern and beautifully outside, plain and simple and small inside
@@jlmarc01 5:18 it's just plain idiotic
This is what I observed too. Plain and simple for Php50k 😅
@@sdrsdr1176 -Blame the Spanish.
Good to see more videos of those Federal Land developments. Hope you can have one for their newest tower, Park Avenue, and how it compares to their older towers and against Parksuites 👍
@beachkid1 Hahahaha, you should really educate yourself before shouting from your soapbox. the Philippines doesn't have a federal system so obviously "Federal Land" is just a name they called their company 😝😜🤪
Bangkok condos are like half the price of these? What does Manila has to offer that Bangkok doesnt? I dont get it
BGC looks more modern/developed than any part of Bangkok .
More English speakers, easier to meet retirement visa requirements.
the ENGLISH language? Been to Thailand and the locals could not even answer my "where's the closest restaurant around here?". THAT SIMPLE and not one English answer. In the Philippines, they speak to you in English.
They keep building new condos as if they are selling them like jellybeans. For expats rental prices in PH are good but selling prices are insane. In Cebu most units are unoccupied. Speculative investors bought up chunks to keep prices inflated. You can buy a nice condo in a developed country like the US in a state like Florida for the same price of what they are asking for condos in the Philippines. Though BGC is like living in a bubble, it is a nice one.
yes i agree with the pricing on purchasing a condo, i'd prefer just to rent vs buying because for the space i can buy a house in usa
I think condos in Kansas City can be purchased for half the price of some buildings in Cebu.
Except, in florida HOA has a monopoly on real estate in florida. Also, rising property taxes and insurance is driving people out of Florida.
@@deadcell1 The HOA are the HOA. It's not an external company. It's Homeowners Association. People who live there. So yes, they monopolize and they vote on the how they want to live.
Exactly I live in Florida. Between HOAs Home Insurance,car insurance and property tax,you have to be wealthy to live here now,where it used to be the affordable place to retire. The downfall really started with COVID.@@deadcell1
I just want to weigh in on the smart TV issue. TVs can last anywhere between 10 and 15 years and rarely more than that. The issue is media streaming technology is changing very rapidly. If you have a smart TV with Android ## built-in, it is possible that it will be non-functional in as little as 4 years. In my honest opinion, I believe in getting a non-smart TV and then adding whatever streaming device dujour so that you can easily upgrade when it ceases functioning properly. 👍
You can upgrade your TV, if smart or not, anytime with the newest apple TV, Chromecast, Fire Stick or whatever comes in the future.
TVs do not last that long.
@@gantenbeinable I have seen Smart TVs that are almost non-functional because they depended on the Android system to be able to select the inputs.
@@fernan5320 sounds like you've had some bad luck with TVs. I can fix audio and video electronics blindfolded since it's something I've done for almost 30 years. If you don't get at least 10 years out of a TV then you've had bad luck or you bought a very low quality product line. Sony products tend to break early even though they tend to be on the more top end of product lines because they use non-leaded solder which is brittle and cracks.
a smart box could turn a non smart tv into one...
Wow i like that condo with the massive swimming pools Mergim thank you for showcasing the area
for shore it will help me and my husband to shop for condos thanks for sharing
I just heard the unit next to me still available in Park West just bought a condo there last month 2 bedroom and 2 bathroom
There was a time I thought of buying a condo but I felt I was being scammed because of the prices. Glad I did not. Real estate bubble will be good for the Philippines.
Utterly small, unimpressively furnished units. I live in Tijuana Mexico, and I pay $950 a month for a fully furnished unit (2000 sq. feet, 3 balconies, 2.5 bath, huge kitchen (16ft X 13cft).; laundry room with washer & drier, and panoramic ocean views from all balconies.
Tijuana is a place for those who can't afford to live in San Diego, and San Diego doesn't even have a place comparable to BGC. Tijuana has a small population of 2.3 million, so no wonder real estate there is cheaper.
@@ejsampana426 No way around it... who can live like this!? Ridiculously small. Maybe Manila doesn't make the cut as cities go. Damned disappointing. Really, most Junior Suites in a hotel are at least this big. As a "HOME"... this is no way to live. The exception might be for a college grad who doesn't know better. Sad.
Baja California wins in climate, warm but low humidity.
My condo is in the park west buildings. Im in Timesquare West on the 9th floor. I pay 40k php fully furnished and new.
Yes area very nice and convenient and less noisy . Title is sorta click bait actually.
Many friends have units fully leased out after very short Listing periods.
@@Mega-zi7yscouldn't agree more I've listed 3 units and most have been tenanted within a month so yes crafty click bait
@@markymark7631 👌 somehow there's this fella who keeps insisting it's hard to lease out 🙄
@@markymark7631What's your cap rate (the only metric that matters)?
@@bureaucrazy1234 the only metric that matter is Marks metric mate no offence my situation is not A typical...I'm all paid off on my units.... I'm setup for income purposes aswell as asset relocation outside of my primary dwelling....FYI to all please invest the necessary money to Fit out your units this is the difference between 3monrhs of Vacancy compared to 1
Inflation ? 10%
90% greed…
At least the scale of greed is only 1/3 of US.
The view from the pool!😍
above 70% of BGC flashy office buildings are vacant, same goes with most highrise condos all over Manila. Only a matter of time bubble pops and landlords regret being greedy
Not bad nice Condo unit the amenities good
Even the tourist spots are also starting to get expensive here in the Philippines. Unlike the neighbouring Asian countries which is much more cheaper to go there including food and lodging. And this is me a Filipino saying this.
Good thing our unit at Park West was only vacant for 1 month during the pandemic.
Philippine condos are still renting very cheap compared to what you have in Hk and New York.
@@envillain"better units" is subjective, and island nations are always more expensive is what you clowns don't understand, Thailand and Malaysia are pricing things for Chinese and Indians, of course their stuff is slightly cheaper PH is pricing stuff for people from US, Thailands visitors are moreso less rich people US people have more money, no shit the stuff will be priced higher, plus Thailand and Malaysia have nothing near a BGC to compare, so yeah.
Yeah but u dont have the income potential you can have on those city in BGC other than online work for overseas firm or vlogging, taxation can be messy too.
@@RhoelsJourneyVlogsTrue, but if you work online, you can. BGC is the best city for less than $2000.
@@phoenix5054At that price, better buy so you don't pay someone's mortgage.
@@gangstagummybear3432 Thailand is much better because even though they are more expensive, you get ocean in front.
Where is ur email ad? Im interested on the 1st Condo?
Philippines condominiums are over supplied and expensive. Specially in prominent city in Manila. The rent is so high, and the bills are way too much. Not to mention the electricity bills, you’ll be lucky id you electricity goes down below 10k a month.
Definitely you are quite a real estate presenter.! The units quite small as to square footage fit for a single renter or a couple. That bed in the first unit is I believe a full. A queen will be too big for the room. Rates are reasonable! I would consider any unit with a parking space located in the lower floors. The units must be to be leased 6-12 months or more?
Unlikely month to month rent.
Condo living is not for eveyone, not for the claustrophobic, those afraid of height, fire, earthquake..
Could it be the gym requires a fee ? The security a plus.
most expensive Barangay in the Philippines.. BGC it was called Fort Bonifacio.. I was thought Fort Bonifacio was a army training camp and the same time as cemetery when I was a kid..
I still remember Fort Bonifacio when I was a kid too. I had an uncle who was a Colonel and my high school bud's father also was an officer so they all lived at Fort B. Still remember going in to visit with my parents and you have to tell them which specific area because name-dropping any name will give you that look.
Seems crazy that condo's hoping to rent for 45-50k have fridges with the wrong side doors and couches in the middle of the room not facing TV's, AC in middle of balcony not mounted on wall.
It would be interesting to make a video on the options that someone could request. Could someone get a new mattress, TV added, washer/dryer, lower rent, etc? Some of these things I would not think of negotiating.
You can always Ask
@@friarnewborg9213 Yeah, but if you don't know what to ask, you might miss something.
50k? So overpriced for what you are getting.
You know that 50k php is about 900ish USD, right?
Crackhead
@@joec3390 in 900 USD you can get your own rental house for a month. In some areas in LA.. secondly these condos are small
@@joec3390 You're probably talking to a Filipino. P50k is expensive for a condo in Manila.
@@joec3390that's equivalent to a condo price in USA. Who can afford 50K a month when a minimum daily wage is 500 pesos. That's daily rate, not hourly.
IT'S INSANELY SMALL!!! Why is a sofa jammed up in the hallway??!! Where is the Living Room? I get it that people are supposed to be trained to expect less. Fine. But to me a proper 1 bedroom apt has to be at least 600 sq. feet or 55 sq meters. Where ... WHERE ... can one find that? And what do they go for? Frankly, I'd prefer a 1 bedroom with an office or 2nd bedroom, so 1,000 square feet is more workable. In fact 1,000 sq feet should rent for $1,000 USD -- yeah, that seems about right (and probably on the high end.) Thanks in advance for advice.
I can't wait til the bubble pops to snag one of these condos. Meanwhile, I can just rent an Airbnb for $19 a night if ever I go home for vacation.
How are you able to tour the units without an agent?
Prices have gone too high since pandemic lifted. Similar units use to be as low as 40k which is still too high for what it is but better than now many people even trying to get up to 1400 per sqm it’s stupid
Yeah quality / decor / space is way out of wack.
How about serendra and Essensa and West Gallery?
Those are nice condominiums
Are tall buildings/condos, certified earthquake resistant in the Philippines 🇵🇭 ?
Location is everything. You could make your coffee in your unit and you’re good. But if you want to go out, the best condos are the ones where everything is walking distance. American hoarders would definitely have to change up their consumerism.
Does anyone know if the backup generators for the condos in the Phils usually provide power to outlets? I would imagine that it might vary, but I am curious about what people are seeing, specially in bigger-city areas such as BGC. Thanks.
Looking forward to colaborate with you for the newest condo in uptown :)
Thank you for posting. It's not the furniture arrangement. The problem is the architecture design is very elementary. For a high rise building, i would get a Japanese Site Architect consultant who specializes in minimalist coordinate with the Building Planner. Instead of wall replace it with glass to maximize view. If you sacrifice the layout of the living room, the owner will forever regret buying that condo. Takes me a year looking and comparing condos in San Diego, California. Even if you have the money, don't be in a hurry. Hope this helps.
The developers are greedy and are maximizing profit, they know alll that ,but a floor to ceiling glass window would cost more than a plain wall.
Absolutely agree!! I have no idea who designs the layouts of the condos, but they are often absurd.
Is that 3 meters wide? Like a shoebox
that's a really nice unit
Can't believe that they are using window's A/C. Haven't they heard of quite mini-split units🤔
Too expensive, condos here even with Ayala Premium are crazy prices!,,, more expensive than buying in US ( my daughter house in NJ is $375k for 3 bdrms, 3 t& bath, with a huge garden. Here 25M is only 1 bedroom. Really crazy price, in Japan you can also buy a very reasonable condo for $100k in Tokyo area
Prices are too high right now to buy like 5x higher prices compared to what they charge 12yrs ago and it's smaller.
Very informative condo tour❤
These unnits are claustrophobic, there are two aircon units in the balcony, how can you relax from the sound while admiring the view? Lol
Are they not very dark? Small windows and deep?
Hello, what is the process of getting one of those rentals?
Are they built to withstand an earthquake? If so how strong of an earthquake?
I don't see the second unit..hhmm...Did i missed it..huh..
Purchasing power makes keen connections - so there we go
The 1st one is cool 😎
Foreign competirion is limited... And foreigners still cannot buy house and lot so demand for condos is artfully and artificially inflated
These people are delusional to think people will pay those asking prices for a condo in the Philippines
Wish you could create vlogs on cheap condos in BGC.
There really aren't any at the moment so that's why lol
@@TheNYCexpat There is surplus, lots of vacant rooms due to 10 years of construction. Lots of disgruntled owners whose units that once had views are now blocked by other buildings, so dispatching them for whatever they can get. I got one already for under $3M and looking for another.
@@bigradwolf5001 nice 3m is a good price for the area. I guess you have to find the right owners. Was it private sale?
@@TheNYCexpatYes private sale. Go to the property offices and talk to them, they have lots of disgruntled owners looking to sell, especially those where one's balcony is facing another's balcony you could almost cross over.
@@bigradwolf5001 thank you. How exactly did you approach the property office about buying? I feel like of course they're going to push their higher priced or at least regular priced units first. How did you play it?
that brick wallpaper is ghastly
45K pp pesos equal $807.61 U.S.
Merry Christmas 🎄
Did he tell the prices? I couldnt watch it fully
50k monthly for rental is expensive? Imo it’s way affordable
There’s probably a glut now considering the many condos being constructed there
Whats average cost for a 2 BR 1 bath with tub and a balcony in BgC i notice most bgc has narrow living rooms and old ac and w/d units
Impractical layout, who's going to sit on that lonely sofa? If you Netflix and chill you do it in your bedroom with the large TV
Can you rent these condos short term? 1 Months? 2 months or 3 months?
The properties in BGC are either excessively expensive or overpriced. It seems that the owners are aiming to generate a return on investment by renting them out at a higher rates. I've watched videos showing other property owners attempting to sell their properties, but they have been unsuccessful in finding buyers for years.
they should go broke for charging their fellow Filipinos TOO MUCH!
What cost for association dues?
Building with best amenities?
How can I contact the agent here
Im interested in the first one for 45k who do I call im stateside
What floor? How accessible is it to restaurant, shops and night life?
Entire BGC is a 15min neighborhood/CBD.
You have everything you need 24/7 .
Just across those condos is a mall and another street away is a large supermarket and across that are wholesome high end young people party clubs .. several of them. Check out videos of XYLO , etc
Hope this helps. Cheers
Makati CBD still better, bigger and more diverse. BGC is just modern but no character.
This is why ppl r leaving for Thailand . Almost $1000 for 1br apartment with no sea view
And no condo dues/ All included in rent which are also cheaper and better designed.
it's the other way around. I know more expats are in the Philippines because of the ENGLISH language. You can get lost in the deepest remote jungle and the jungle dude will speak to you in English to ask "are you lost?". Expats GO and pay for $20K "mansions" in the provinces.
Wow nice place
They are looking claustrophobic!
Paranaque City IS ALSO VERRY MODERN IN THE PHILIPPINES
I think it's the developer making money not the owners. The monthly dues in a 1BR unit there is $100 and RPT is also expensive. Buying a unit there is not worth ur money as the ROI is slim.
It takes time, the kids will be the ones to benefit when they inherit. By then, it will be 0 capital, 100% profit.
The developers always make the most money, that's why they keep building when there is an oversupply. Everyone else downstream gets the shaft.
Passport bro what your favorite place in Asia is the 🇵🇭 cus English ? Or what ur deal living there
I was baffled when i went penthouse shopping and i seen some going for 3-4million USD i'm like wtf. Some didn't even have that nice of a view either.
Don’t worry about prices. Remember there is an all powerful law. The law of supply and demand.
View from a high rise condo is shiit.
45k rental is more than the salary of an average person.
The fridge opening on wall side is weird AF and looks crammy. What were they thinking? I wouldn't get the unit just because of that. Yes, I'm picky like that.
I think those are reversible doors as most fridges are nowadays
Just dumb installers or lazy 😂
@@Mega-zi7ys - the wall is in the way. The door wouldn't be able to open, as it would crash into the wall. Unfortunately. I think it's the architect who's to blame.
@@gunnar_langemark 🤔
you can't fit anything in that refrigerator. I live in Manhattan and our refrigerator/freezer it twice the size and still too small.
98% of Filipino households have less than the equivalent of $2,000 per month in income.
Nice to see, thanks. The first place you showed you said quite a big kitchen, lol. It's not big at all.
My CR is bigger than the kitchen.
Probably got smart and headed to Thailand
1st condo you showed was 45k a month, jeez that's pricey... Low cost rent would be around 7k to 15k for filipinos... 20k is okay if you have someone else to pay with you, 25k is extending it but yeah if they can afford why not. but 45k I wouldn't... I think that pricing is for foreigners definitely.
Crazy prices!
Good evening dude!
Staysafe and God blessed enjoy 😊😊❤😊❤❤😊❤❤❤😊❤😊😊😊❤😊
Good because its super expensive. Condo, Flats etc should be the proper living in Philippines given its land space but these developers never made it affordable for normal filipinos
I believe almost 50% of condos in BGC are empty. Condos are not a good investment in the Philippines. Too many empty units and poorly built. Better to rent and not get stuck with an overpriced condo.
Click bait title hmm..condos in that area are easily leased out!😅 Know of many who have units there fully leased out very short Listing periods too.
It's a nice and more quiet area. Yet very accessible and right across hotels, supermarkets and malls.
Also no Airbnb which is better! Bec less ppl moving in and out daily!
Hahaha… you must own one trying to rent it out… I live here, way way way overpriced period… it’s why people are leaving…. 😂
If he got paid to promote those condos but didn't say it, it's dishonest.
If it's the best deal you can find over there, it looks bad.
The condo units are just way to small and too expensive for any interest I looked around for 3 months then went to Thailand what a difference I got a 60 sqm 1 bedroom on the 45th floor in Jomtien Beach right on the beach with incredible ocean views all the amenities u could want great security and Concierge service for 800.00 U.S. I got so much more valve for my money and everything I need is really close to me made the decision easy to stay in Thailand
45 sqm is basically the average 2 car garage in the U.S. 😢
Yes but not in the middle of new York or san Francisco or Chicago. Apartments like this are more common in those areas. Without garages.
@@BransenPass yeah, those are mansions there. 🥸
This is a CBD area. There are many high end villages in nearby C5 and makati..but they'll cost you far far more than condos. And their average sizes are 9,000sqf and up. Newly built homes are required to have a minimum of 5 car garages as well. Many have basement parkings.
And they're sold on cash basis, no mortgages like in the States.
You’re not comparing BGC two first world developed cities are you? Because Manila is not…
@@willieshoemaker8680 but bgc and makati are comparable.. business scale is smaller but amenities are about on par as for food I don't think makati and bgc lose out to sfo at all.
i like it!!!!!!!!!
Old uniy condos?.. why they still using box-type air conditioners in BGC?!..
I think the box aircon are cheap and they don't have to pay the power bills...
@@bigbearhugebear9018 air conditioner are the one that huge consuming of the electricity.. next is the refrigerator.. specifically a box-type air conditioner
@@bigbearhugebear9018 And it consuming the spaces too
Hi Mergim!! 🫶🫶
Renters/owners will soon wake up that rental market is saturated. Philippines is the last one to feel the global crunch. So when everyone is still buying at an inflated price in the Philippines, the global markets are already crumbling. By the time you're holding the mortgage of these rental properties in Philippines, global economics is in a mess, incomes are crumbling, money is drying up, foreigners working there and occupying these rental units are being called back. Before you know there's no one left who can afford to pay for these rental properties. And you are left holding the bag trying to come up with money month after month trying to pay for these mortgages. No wonder there's a lot in the market for sale now at insane prices.