A lot of foreigners or Filipinos who grew up elsewhere think BGC is the most expensive place because that’s the only area they have access to. But they’re wrong and uninformed. The real and old rich live in gated communities mostly in Makati, like in Forbes Parks, Dasmarinas, Urdaneta, Bel-Air. Some are in Mandaluyong, Quezon City, Pasig, or Muntinlupa (White Plains - lots of celebrities live here, Greenmeadows, Wack-Wack village - that has the Wack-Wack golf club) Some of the house and lots can go up to billions of Philippine peso. But foreigners can’t access or own these places because our laws forbids foreigners from owning land in the Philippines. BGC is mostly just for condos and offices.
Yep, no less than the most elite of the elite live there , especially in Forbes Park. BGC is probably the most expensive commercial area/business district
@@Sometimes10000 yung may mga bahay sa Forbes, Dasmarinas, Ayala Alabang, Corinthians, Greenhills or Wackwack or New Manila kaya bumili ng bahay or condo kahit sa Manhattan or Tokyo or London or Sydney or Palm Beach or Miami or Silicon Valley lolol.
She's so out of touch too.When asked what jobs would give a million pesos she answered "A lot of foreign companies here so a lot of expats ". So the job that gives more than 1mil pesos is getting married to foreigners? XD
@@rudolphsolis14 You can't call them ex con if they've never been in jail as most corrupt politicians make sure they won't be able to. That's why they are called "corrupt" because they are professionals at dishonesty in the first place.
You should hook up to the very Rich....or find someone with connection...They can show places where you think is not possible in the Philippines....Forbes Park, Corinthian, Green Hills, Alabang, Blue Ridge, White Plains, where you can find houses of the Rich......most exclusive subdivisions are mostly restricted to outsiders unless you know someone who lives in those villages but if you know someone in the higher society of the Philippines a Big Business owner, A Rich Politician and some of those Popular Celebrities they can accompany you to how Rich Filipinos live.
I was able to roam around in Forbes Park to buy a second-hand car from a rich man. Only maids and drivers are seen on the streets. Also just guards of private residences. Guards, guarding homes of ambassadors and diplomats.
Singapore is the most ludicrous when it comes to property prices in the world. A Bungalow in one of the expensive neighborhoods there will cost you $30M - $60M minimum, that is a mega mansion in the Philippines with a helipad. Makati and BGC still cannot compete.
That's because they have very limited land and I personally wouldn't want to compete... buying a shoebox house for $30 Million to $60 Million isn't a flex, that's actually sad and depressing, I would rather live in a large mansion.
That's because Singapore has a very small land area. Although the Philippines is a small country, Sg is even much smaller. In fact, Sg will fit inside Subic, the former US naval base in Ph. When you have small real state with millions competing for it, naturally, the prices will shoot sky high.
"You might get shot." ?? Even If you provoke some Filipino, maybe, but not surely. But why would anyone? Makati is not inner city Detroit. Very far from it. She is misinformed and definitely doesn't know what she's saying. I've worked in Makati for many years.
@Mb-eo6bg I stand corrected in that word, BUT!! even then, there were no robbing that happened in Makati in the past many years. in Manila, it's possible. We cannot judge people in poor part of Makati because they're not nicely dressed. In Rome, Italy, there's lots. In New York, there's more. In Makati, SELDOM. She doesn't know what she's saying.
The. Philippines is one of the most dangerous countries in the world. I'd rather live in the ghetto of America than anywhere in the Philippines. Also, all Filipinos steal, even their presidents!
Ayala Alabang Village is way richer than people from Ayala Alabang Hills people from Ayala Alabang call those area "the gilid" or the side of Ayala Alabang.
Mortgage defaults in Philippines is very rare! Because real estate loans and brokers are only selling to people that can actually buy and afford it! They don’t sell houses to people that sell food stand on the streets, that’s why housing bubble in that country is very low..
The housing bubble in BGC is off the charts! Go to a condo unit at night, turn off the lights, look out the window. What do you see? Nothing, just darkness. There's 30% occupancy yet they keep pretending everything is selling out and keep pumping the prices. Not sustainable, full of fraud and with no POGO tenants, a terrible investment. Much better to build a house on the beach in somewhere like El Nido, then Airbnb it when you're not there. You'll get 20% a year rather than 4%
please how can I make money through Cryptocurrency or stock here in Philippines? I'm just curious about the whole process. I still haven't figured out what to invest in yet. Somebody once told me "It costs you more to be poor." 🤯
Speaking of investments of passive income, Well I picked the challenge to put my finances in order. Then i invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
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Wtf woman saying you need to earn 1-1.5m per month to live comfortably is sooo wrong. Clearly, she's just living off of the luxury her husband's job provides. That info is very misleading and erroneous. It's pretty obvious one would lead a comfortable life with that amount of money whether you're in PH or AU. She's nuts.
she did say in BGC, but yeah, I dont think she knows the value of money since she's living off her AFAM husband 500k PHP a month in BGC can get you that same Condo she's in.
I take home about 1.5m pesos per month after tax, and I don’t think I could live that lifestyle. If anything she is underestimating how much you need for that lifestyle
@@WhiskersAndWords 1.5m PHP a month!!??? Take home?? that's luxxe living in the Pilipenz.. hell thats enough for a penthouse condo in the US without the katulongs, yaya and full time driver.
Comfortable is subjective. She definitely sends her kid to international school which is already around 250k X3 a year. Plus drivers, maids, vacations, THEN you finally get to the actual expenses of building admin fees, groceries, utilities, etc
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Mr Jamie zhu is in the Philippines !!! I’m amazed and your vlogs happens to be in makati, a business center home of the pinoy billionaires multi millionaires businessmen,etc! Nowadays some pinoys hesitate to buy or stay in makati even though they have enough money to purchase any of these expensive condos they prepared somewhere in the less traffic quiet areas like Cebu Davao Iloilo etc! Keep roaming bro and welcome!
Yeah! My family is filo, and they run their own local businesses, just like their neighbours and none of them own a home. They only make $2 AUD a day from selling. So you really gotta have plenty of money by either from your parents or someone to afford a decent home.
You don't have to be a celebrity... you are ignorant to think that celebrities are the only rich people in the Philippines 😂... Kahit ang mga celebrity may mga boss din, sino sa tingin mo ang nagpapasahod sa kanila? 🤣
@@AngkatanNamwaran Hello, who do you think sino yung boss kung my business na sila. Hindi ako ignorant just giving another example aside from business owner like from the video.
@@gizmomac1520 What kind of business do they have?... If their business is selling street-food then they would obviously not earn enough money to buy homes that cost millions of dollars. When the lady said "business" she meant people who own companies that are worth millions or billions of dollars.
@@hunterkill97 My point is, mas maraming mayaman na hindi celebrities. Let me give you an example, when Jollibee realized that Mang Inasal was gaining popularity, they bought 70% of its shares for 3 Billion Pesos. The vast majority of celebrities don't even own that much money, despite working for decades.
Security in BGC reminds me of the ever present security guards in Bangkok. 99.9% of their low paid jobs are insanely boring, so when they get to challenge a foreigner it's the highlight of their day. Even tuk tuk drivers have more variety of their day, scamming tourists and whatnot.
I must say the last lady was really humble during the interview and really gave so many pointers as well. Though she forgot to mention that Philippines has some of the worst corruption there is and having political connections might be worthwhile, but the risk of involvement is greater than being rich is. At best, corporate/entrepreneurship should be one way for success.
You know, there is a difference between the rich and the poor. Many times, the poor rely on government assistance and blame others for their poverty. On the other hand, most of the wealthy have started businesses, worked hard, and don't depend on the government or blame others for their lives. If you're struggling now, don't blame others. Did Elon Musk ask politicians for help to become rich?
Prices in BGC are outrageous. 37th flr, 3 bedrooms and doesn’t look spacious is already at ₱77 million? And if there’s a fire, how do people from that floor all go down safely? You’ll even have a hard time going to the parking lot. Just buy an empty lot and build your ideal home. It’ll be a bit more expensive (engineers, architects etc) but you own the lot and house, vehicles are stored in your garage and you’ll have the option if you want a small home but with a large garden. You can have a mini farm and grow your own food.
Yea, but if you're a foreigner with no direct Filipino family, you can't just buy land. And the stairs are built in, no architects, engineers or permits would allow a modern building to be built without the fire safety codes in place. High-rises are not built with wood, so fires would be isolated/not spread as far as highly combustible building material. Some people don't have the time to tend a garden, let alone a farm and would need to hire help for that. Maybe people also like being in a high-amenity central area that covers all their needs with convenience due to their business/ career-focused and social lifestyles. But for those who want to be self-reliant and closer to nature, yes, the option to grow an edible garden in your own plot of land is an ideal option.
France is also good for German pensioners, the advantage is that it is a neighboring country and as a pensioner you can move freely within the EU. You don't need a visa.
You didn’t make it inside Forbes, although the listings in pictures are correct. While technically in Barangay Forbes, the houses you knocked at are not inside the gated part of Forbes, but on McKinley Ave.
Some might think that Forbes, Bel-Air, and BGC are where the rich live (That's true) but the really rich Filipinos have their own Haciendas. If you want to see where they live, you will have to go to the provinces where their "villas" and "haciendas" are located. Needless to say, they also have houses in BGC and Makati for convience but it's really the "family homes" or "balwartes" you should look for if you're looking for really rich Filipinos.
Many export import businesses, especially Chinese they drive the prices through the roof. The earning to home ratio is broken in the Philippines u can not buy a place with basic salary.
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Remember.... this is what Australia housing market will become average salary 300k peso. Housing cost 37m peso. Extremely unaffordable to average person. High population, low supply of housing and limited land availability.
You can’t generalize BGC & Makati as there will be areas where rent/properties are cheap, squatter’s area, or the nicer part of the town. There are actually expensive areas in every city specially in the Metro. You have Ayala Alabang in southern NCR, Corinthian Gardens, White Plains & Capitol in QC, Green Meadows & Valle Verde in Pasig, New Manila in QC/San Juan, Merville in Parañaque etc. I can go on and on. BGC is just newer/more modern looking & center to business area. There’s so much more outside BGC & Makati, its not really the end choice of locals. Most old rich are in QC, Mandaluyong, Pasig, & Makati.
The rich people live in Forbes Park , Dasmarinas Village , Ayala Alabang , Valle Verde , Corinthian Gardens , Greenhills , White Plains , San Lorenzo , Bel Air , LA Vista .
People who are freaking out about 1.5 mil a month clearly never lived in the US or in BGC. I live in Houston and I’ve lived in BGC. No you cannot get a penthouse and live comfortably with that lifestyle in the US lol. You get a decent sized 2 bedroom in a high rise and you get to eat out and get groceries at Whole Foods however maybe go shopping once. It’s not ultra Lux rich lifestyle. My experience with bgc is the same as the costs were pretty much the same in Houston. Maybe you’ll have a bit of money for one help or one driver but that’s about it. It’s good living but barely above average
Makati is the old money, it's where the most of the Upper class lives. Some are segrated in gated communities in Quezon City, Muntinlupa, Las Piñas, Parañaque and San Juan.
Rich Filipinos typically don't buy condominium units. Rich Filipinos prefer to buy land and mansions, such as in Forbes Park which you featured in the video, there are many gated communities just like that, but non-residents are typically prohibited to enter.
but those weren't studio type/cheap condos he shown tho...it's a penthouse and a condo with 3 bedrooms, located in BGC. tell me, could the high middle class afford it?
@@jkcabs4569 Did I say that it's "cheap?... The woman said that it's around $2 Million Dollars, that is definitely not cheap. She also said that there were some Filipinos living there as well, but it was mainly expats who lived there. Now, with that said, I find the units to be quite small, and the ceilings to be rather low making me feel cramped and claustrophobic, for me the only desirable thing about it is the location. In the minds of many Filipinos, if you're gonna spend that much money, then might as well buy a large house with a lawn and a garden, that way you wouldn't feel cramped.
@AngkatanNamwaran You literally said, "Rich fillipinos don't typically buy condominium units", I do disagree with you, expats/foreigners couldn't own property here. However, they could least and rent it. In 2:55 in the video, the real estate agent said that there's a lot of Filipino buyers as well. You'll be surprised that rich people outside metro manila invest in properties in BGC too. Just like our neighbor here in cagayan de oro, who works as a captain in an international seafarer company, and they have a property there. Also, you'll be surprised what 2 million AUSD gets you in australia and USA, cos 2 million ausd in philippines is pretty decent given to its location too.
@@jkcabs4569 I said ''TYPICALLY"... the key word is typically. I didn't say that they don't buy condo units, it's just that most of them would rather choose to buy a house and lot with that amount of money.
@@jkcabs4569 They said that this is a 3-bedroom penthouse, rich people typically have 2 to 3 children, live-in maids and drivers, plus guest rooms. 3 bedrooms isn't enough for most rich people.
Actually BGC, Makati, Alabang etc.. are some of the expensive, fancy and most expensive or richest areas of the Philippines in terms of businesses, financial hubs or luxurious condo, gated subdivision, villages, townhouses or apartment complex. But in terms of home/land property like mansions with wide ranch/ farmlands, resorts near the beach, or property on top of a hill overlooking a city or a town it's all spread out across the Philippians. Most of the rich individual have a property mansions distant from the main cities mostly in provinces and away from the hectic city life. It's advisable to have your own land property than live in a luxurious penthouse condo unit in a building in the Philippines worst case scenario is the when earthquake hits your area every thing collapses, fire would break in some units and spreads to other parts of the building, issue with the buildings developer or problems with land rights where the building is built.
@Jamie Zhu You whoever edited the video did not do a good job putting the blur over the owner of that Apartment.. there is a fraction of a second that the blur is not on them and their face is revealed!
Makati is the safest city. I lived right across Greenbelt for years and would go out around 2am to eat and man it is the safest city in The Philippines. That girl that you bumped into is not a resident lmao she just talks lmao
Bgc is normal price for rich people in the Philippines you go ayala alabang minimum 200M peso you go bel-air minimum 500M pesos enter forbes park minimum 900M which is very rare cause now its 1B. Bgc condo are used for property rental and some expats live there cause its cheap. Go New Manila, Wack Wack, Loyola Grand Villas, Dasmarinas, Urdaneta etc. You were filming around Forbes security there are heightened that's why you really get a look cause they might think why you asking cause people around those area never ask you were lucky you were never got called by a Police Patrol in some areas you get flagged down by Police Patrol car automatically cause they have there own station inside or beside those kind of villages.
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You havent seen a BGC or Makati condo with its own infinity pool. The penthouse that you saw was pretty simple. Forbes Park - you cant just knock and look at houses there man 😅😂
Residents from the first world countries with not enough money saved go to the Philippines because they can retire comfortably using their SS benefits and maybe dip a little bit into their retirement savings and stretch it out until death. New rich overseas Filipinos buy a lot of these condominium units because they’re feeling nostalgic about life in the Philippines. Live there for a month or two and lock it. Buying a house for them is a great desire but paying someone to live in it and the person paid to take care of it doesn’t know a thing about care and maintenance. Also, the children of these new rich Filipinos don’t have a desire to live in the Philippines long term. Maybe just stay there for a week or two.
I was in The Philippines 🇵🇭 in 2022. This is not the most expensive place there. Aside from corruption and entrepreneurship, the other way to make it in rich 💰 areas is to have human resources. Who you know will get you more done than what you know alone.
Makati is richer than BGC. Subdivision and villages homes alone cost as much as Southern and Northern California or even more. I was looking for a rental house in Bel Aire village close to where I grew up and the average cost is about $7 to 10 grand for 3 bedrooms and 2 baths. Makati was the financial district of the Philippines. Before I left for the States in 87, BGC was a Philippines army base with military base housing for the officers. Fort Bonifacio (BGC) was bare with lots of vacant land. Makati is where the old money is.
These are not close to the most expensive at all. What I don't like bout Philippine condo real estate is that the interiors of what people consider luxury are small and quite ugly interiors. Not worth the asking price.
It's a huge mistake to think that most foriegners should look at real estate in BGC, in fact the real estate there only makes sense for the tiny percentage of people who must live there for work or busisness reasons, but most foriegners aren't allowed to work in the Philipines at all and they can find similar appartments and condos in other beautiful locations of the philipines for 100k AU which is less that 1/20th of the price!!! BGC is drastically over priced and just doesn't make sense for most people, locals or foriegners because unless you absolutley must be there, you can get so much more for your money in other areas of the Philipines!!!
Where do all these guys dig their money? Looks like it’s much more fun in the Philippines. Don’t tell me their money grew on trees or brought over by successive storms. Stay safe kabayans and hope recovery is on track.
BGC may seem luxurious at first glance, but it's only because that area was commercialized recently (a decade or so; it used to be just flat open land). That's why the entire city looks clean, and modern because the buildings/infrastructure of the area, and even the roads are new compared to neighboring cities who have been established decades before that (Mandaluyong, Pasay, Manila, QC etc) The real old money rich people either lives in Makati (Salcedo, Urdaneta, Bel-Air, Rockwell, Forbes, Dasmaranias) or Ayala Alabang down south. The people you will find in BGC are mostly 30% EXPAT/Foreigners and 30% Upper/Middle Class. Sadly, the remaining 40% roaming around that area are what we call "estetiks/aesthetics" (or poor people who dress up nicely by buying fake brands that look expensive to pretend they're above their class). The surrounding area of BGC on the north and east side are squatter area. So you will mostly see on the outerskirts of BGC, particulary venice mall, market market, sm aura are squatter people. It's a mix so we don't consider it the most expensive area at all. Good try tho.
interview a normal worker, instead of a pre planned agent/broker, there you will see the biggest difference on the so called affordability 90% of the normal workers cannot afford to purchase. you will encounter a lot of interesting information, good luck and cheers!
You can't just do that "knocking on doors" in Forbes or similar communities 🤣, they're mortals like us except they have more money and power. Many of those super wealthy people in Forbes and Dasmarinas have security guards and some of those super wealthy home owners have bodyguards . Some also own buildings in BGC, Makati, Ortigas CBDs, 2nd mansions in super wealthy suburbs of L.A., Boston and London, stakes in international companies in the US, Europe, South America , China, Africa and Australia.
Youd absolutely have to be a westerner to even do something like this, this type of video screams condescending from the top of the roof, its as if you are in a pre-seated position of looking down on that country, and its people, and aim at what you perceive as the "richest location there" and think the people in that location somehow shouldnt be able to live there or something, you wouldnt try this in the US or anything, but because you feel higher and look down on filipinos, even the richest and highest of them, youll even try to attempt this amongst the wealthiest there, it would be lovely to see them respond to you with remarks that make you look dumb.
Ngl, those Forbes houses don't even look like it's worth a billion! And the area doesn't look so expensive, I mean the pent house in Rockwell Makati and BGC are way better looking and the surroundings are top notch! Forbes is just overrated!
Manny Pacquiao chopper costs only $0.5M but others whow live in Forbes park have $23M private plane. Manny, He doesnt belong to the upper rich circle in the philippines
A lot of foreigners or Filipinos who grew up elsewhere think BGC is the most expensive place because that’s the only area they have access to. But they’re wrong and uninformed.
The real and old rich live in gated communities mostly in Makati, like in Forbes Parks, Dasmarinas, Urdaneta, Bel-Air.
Some are in Mandaluyong, Quezon City, Pasig, or Muntinlupa (White Plains - lots of celebrities live here, Greenmeadows, Wack-Wack village - that has the Wack-Wack golf club)
Some of the house and lots can go up to billions of Philippine peso.
But foreigners can’t access or own these places because our laws forbids foreigners from owning land in the Philippines.
BGC is mostly just for condos and offices.
Rockwell Center Makati
Also New Manila are where the old rich and new rich like to live.
@@Literallyandfiguratively Exactly!!
You got that right, those youtubers are only focus on on the glitzy area of BGC and not aware of where the real rich people live.
@@Loimike31 kasi palpak ang puti hahaha
BGC is not the most expensive but "the" Forbes Park ,Dasmariñas and Urdaneta areas are. All in Makati, Metro Manila.
Soo true..
Yep, no less than the most elite of the elite live there , especially in Forbes Park. BGC is probably the most expensive commercial area/business district
Plus Tagaytay Highlands.
@@Sometimes10000 yung may mga bahay sa Forbes, Dasmarinas, Ayala Alabang, Corinthians, Greenhills or Wackwack or New Manila kaya bumili ng bahay or condo kahit sa Manhattan or Tokyo or London or Sydney or Palm Beach or Miami or Silicon Valley lolol.
True most elites and billionaires lived there in Forbes park like ayalas aboitiz tan sy villars etc!
that lady with 2million dollar condo in bgc is the wife of Hakan, the former COO of Resort Worlds who was sacked because of stealing money
she knows .... 2x
best information
😩😩😩😩😩
I heard that before and it's true...
She's so out of touch too.When asked what jobs would give a million pesos she answered "A lot of foreign companies here so a lot of expats ". So the job that gives more than 1mil pesos is getting married to foreigners? XD
she forgot to mention corrupt politicians
Nope it's old story idiot
in short ex con haha
that they wont care. it's all about business. they want to make more and power.
@@rudolphsolis14 You can't call them ex con if they've never been in jail as most corrupt politicians make sure they won't be able to. That's why they are called "corrupt" because they are professionals at dishonesty in the first place.
@@mansnothot1284 what a smart man
You should hook up to the very Rich....or find someone with connection...They can show places where you think is not possible in the Philippines....Forbes Park, Corinthian, Green Hills, Alabang, Blue Ridge, White Plains, where you can find houses of the Rich......most exclusive subdivisions are mostly restricted to outsiders unless you know someone who lives in those villages but if you know someone in the higher society of the Philippines a Big Business owner, A Rich Politician and some of those Popular Celebrities they can accompany you to how Rich Filipinos live.
I was able to roam around in Forbes Park to buy a second-hand car from a rich man. Only maids and drivers are seen on the streets. Also just guards of private residences. Guards, guarding homes of ambassadors and diplomats.
Singapore is the most ludicrous when it comes to property prices in the world. A Bungalow in one of the expensive neighborhoods there will cost you $30M - $60M minimum, that is a mega mansion in the Philippines with a helipad. Makati and BGC still cannot compete.
@@Ivanheim1 that's just ridiculous 🤣
That's because they have very limited land and I personally wouldn't want to compete... buying a shoebox house for $30 Million to $60 Million isn't a flex, that's actually sad and depressing, I would rather live in a large mansion.
That's because Singapore has a very small land area. Although the Philippines is a small country, Sg is even much smaller. In fact, Sg will fit inside Subic, the former US naval base in Ph. When you have small real state with millions competing for it, naturally, the prices will shoot sky high.
Thats cute compared to penthouse in new york.
If you mean a GCB, yes that is the “ultimate” property in SG as GCBs are very limited, less than 3,000 of those and in certain neighborhoods only.
"You might get shot." ?? Even If you provoke some Filipino, maybe, but not surely. But why would anyone? Makati is not inner city Detroit. Very far from it. She is misinformed and definitely doesn't know what she's saying. I've worked in Makati for many years.
The PI is one of the most dangerous countries in the world. I’d rather live in a ghetto in America than anywhere in the Philippines.
She said “shanked”. Clean your ears. There are robbers in that area and they do carry knives.
@Mb-eo6bg I stand corrected in that word, BUT!! even then, there were no robbing that happened in Makati in the past many years. in Manila, it's possible. We cannot judge people in poor part of Makati because they're not nicely dressed. In Rome, Italy, there's lots. In New York, there's more. In Makati, SELDOM. She doesn't know what she's saying.
The. Philippines is one of the most dangerous countries in the world. I'd rather live in the ghetto of America than anywhere in the Philippines. Also, all Filipinos steal, even their presidents!
I had a gun held to my head at Greenbelt Mall across from my hotel. It happens. Likely rare, but I know first hand it happens.
Forbes Park...Dasmarinas Village...Bel Air...White Plains...Green Meadows...Corinthian Village...Ayala Alabang Hills...Are Most Riches Lives
Ayala Alabang is different from Alabang Hills. They are 2 separate subdivisions.
Ayala Alabang Village is way richer than people from Ayala Alabang Hills people from Ayala Alabang call those area "the gilid" or the side of Ayala Alabang.
Mortgage defaults in Philippines is very rare! Because real estate loans and brokers are only selling to people that can actually buy and afford it! They don’t sell houses to people that sell food stand on the streets, that’s why housing bubble in that country is very low..
The housing bubble in BGC is off the charts!
Go to a condo unit at night, turn off the lights, look out the window. What do you see?
Nothing, just darkness. There's 30% occupancy yet they keep pretending everything is selling out and keep pumping the prices.
Not sustainable, full of fraud and with no POGO tenants, a terrible investment.
Much better to build a house on the beach in somewhere like El Nido, then Airbnb it when you're not there. You'll get 20% a year rather than 4%
please how can I make money through Cryptocurrency or stock here in Philippines? I'm just curious about the whole process. I still haven't figured out what to invest in yet.
Somebody once told me "It costs you more to be poor." 🤯
Speaking of investments of passive income, Well I picked the challenge to put my finances in order. Then i invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
As a beginner investor, it's essential for you to have a mentor to keep you accountable. I'm being guided by Beatrice O. Wendy, a widely known crypto consultant.
This is correct, Beatrice O Wendy strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started..
@@kendrawolford2678Hi, How can I reach her directly please???
@@kendrawolford2678How can someone get connection to that Woman y'all speaking bout !!!?
Wtf woman saying you need to earn 1-1.5m per month to live comfortably is sooo wrong. Clearly, she's just living off of the luxury her husband's job provides. That info is very misleading and erroneous. It's pretty obvious one would lead a comfortable life with that amount of money whether you're in PH or AU. She's nuts.
she did say in BGC, but yeah, I dont think she knows the value of money since she's living off her AFAM husband 500k PHP a month in BGC can get you that same Condo she's in.
I take home about 1.5m pesos per month after tax, and I don’t think I could live that lifestyle. If anything she is underestimating how much you need for that lifestyle
@@WhiskersAndWords 1.5m PHP a month!!??? Take home?? that's luxxe living in the Pilipenz.. hell thats enough for a penthouse condo in the US without the katulongs, yaya and full time driver.
Comfortable is subjective. She definitely sends her kid to international school which is already around 250k X3 a year. Plus drivers, maids, vacations, THEN you finally get to the actual expenses of building admin fees, groceries, utilities, etc
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Mr Jamie zhu is in the Philippines !!! I’m amazed and your vlogs happens to be in makati, a business center home of the pinoy billionaires multi millionaires businessmen,etc! Nowadays some pinoys hesitate to buy or stay in makati even though they have enough money to purchase any of these expensive condos they prepared somewhere in the less traffic quiet areas like Cebu Davao Iloilo etc! Keep roaming bro and welcome!
Filipinos generally don't prefer condominiums, they prefer to buy house & lots.
According to Bryan the lion, a condo unit rent in BGC cost around 36k pesos, less than 1k usd.
i mean... megan young DOES earn her living. she's a beauty queen and a well known actress and she also has her own youtube channel
Not only a business owner. You have to be a celebrity as well with numerous income streams. Nice video as always Jamie
Yeah! My family is filo, and they run their own local businesses, just like their neighbours and none of them own a home. They only make $2 AUD a day from selling. So you really gotta have plenty of money by either from your parents or someone to afford a decent home.
You don't have to be a celebrity... you are ignorant to think that celebrities are the only rich people in the Philippines 😂... Kahit ang mga celebrity may mga boss din, sino sa tingin mo ang nagpapasahod sa kanila? 🤣
@@AngkatanNamwaran Hello, who do you think sino yung boss kung my business na sila. Hindi ako ignorant just giving another example aside from business owner like from the video.
@@gizmomac1520 What kind of business do they have?... If their business is selling street-food then they would obviously not earn enough money to buy homes that cost millions of dollars. When the lady said "business" she meant people who own companies that are worth millions or billions of dollars.
@@hunterkill97 My point is, mas maraming mayaman na hindi celebrities. Let me give you an example, when Jollibee realized that Mang Inasal was gaining popularity, they bought 70% of its shares for 3 Billion Pesos. The vast majority of celebrities don't even own that much money, despite working for decades.
There are units in the Estate Makati and Park Central Towers that are priced more than 10 million USD.
Security in BGC reminds me of the ever present security guards in Bangkok. 99.9% of their low paid jobs are insanely boring, so when they get to challenge a foreigner it's the highlight of their day. Even tuk tuk drivers have more variety of their day, scamming tourists and whatnot.
I must say the last lady was really humble during the interview and really gave so many pointers as well. Though she forgot to mention that Philippines has some of the worst corruption there is and having political connections might be worthwhile, but the risk of involvement is greater than being rich is. At best, corporate/entrepreneurship should be one way for success.
You know, there is a difference between the rich and the poor. Many times, the poor rely on government assistance and blame others for their poverty. On the other hand, most of the wealthy have started businesses, worked hard, and don't depend on the government or blame others for their lives.
If you're struggling now, don't blame others.
Did Elon Musk ask politicians for help to become rich?
@@propilipinasako Elon got rich in the US not PI nor South Africa.
@@propilipinasako
You're only seeing what is on the surface. You need to dig deeper and try to step back a little to see the bigger picture.
Prices in BGC are outrageous. 37th flr, 3 bedrooms and doesn’t look spacious is already at ₱77 million? And if there’s a fire, how do people from that floor all go down safely? You’ll even have a hard time going to the parking lot.
Just buy an empty lot and build your ideal home. It’ll be a bit more expensive (engineers, architects etc) but you own the lot and house, vehicles are stored in your garage and you’ll have the option if you want a small home but with a large garden. You can have a mini farm and grow your own food.
Yea, but if you're a foreigner with no direct Filipino family, you can't just buy land. And the stairs are built in, no architects, engineers or permits would allow a modern building to be built without the fire safety codes in place. High-rises are not built with wood, so fires would be isolated/not spread as far as highly combustible building material.
Some people don't have the time to tend a garden, let alone a farm and would need to hire help for that. Maybe people also like being in a high-amenity central area that covers all their needs with convenience due to their business/ career-focused and social lifestyles. But for those who want to be self-reliant and closer to nature, yes, the option to grow an edible garden in your own plot of land is an ideal option.
Thank you Jamie for showing the rich side of the Philippines ❤
2.9M USD with exposed beam, 1 parking. But considered high end and being labeled as Penthouse. It looks like a standard condo living
Your videos are fun to watch! Love your interview style.
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We have the same shirt from Kmart🤩...,I always see you in Macquarie park but too shy to say hello
Insane gap of rich and poor
You didn’t make it inside Forbes, although the listings in pictures are correct. While technically in Barangay Forbes, the houses you knocked at are not inside the gated part of Forbes, but on McKinley Ave.
IM THANKFUL & ADMIRE EXPATS WHO CAME TO PHILS. TO DO GOOD.
I was waiting for Megan Young since she’s in the thumbmail. Hahahahahahahaha
baited 😅😅
Same here
My former boss with houses in Dasmarinas village could send his son, grandson to US college: Wharton, Babson College.
Some might think that Forbes, Bel-Air, and BGC are where the rich live (That's true) but the really rich Filipinos have their own Haciendas. If you want to see where they live, you will have to go to the provinces where their "villas" and "haciendas" are located. Needless to say, they also have houses in BGC and Makati for convience but it's really the "family homes" or "balwartes" you should look for if you're looking for really rich Filipinos.
the penthouse is not like the hollywood hills mansion not even close
The elite lives in Forbes Park and homes start at 500 million pesos (AU$12.5M).
Really goes to show the progress of the Philippines and the potential of a brighter future
Makati is more of a business district but there are condo residences within the city. As for expensive neighborhood, try Alabang.
Many export import businesses, especially Chinese they drive the prices through the roof.
The earning to home ratio is broken in the Philippines u can not buy a place with basic salary.
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Remember.... this is what Australia housing market will become average salary 300k peso. Housing cost 37m peso. Extremely unaffordable to average person. High population, low supply of housing and limited land availability.
1million Euro here in Europe is only an ordinary houses here in Europe...but 1million Euro there in Philippines is an extravagant house already
Your guide shouldve shown you the other side of BGC condos that has golf course view and really expensive
A place becomes expensive when it provides you all the convenience. BGC is undeniably one of that places.
Godbless Jemie zhu you explore the beauty of BGC not only makati in another places of manila
You can’t generalize BGC & Makati as there will be areas where rent/properties are cheap, squatter’s area, or the nicer part of the town. There are actually expensive areas in every city specially in the Metro.
You have Ayala Alabang in southern NCR, Corinthian Gardens, White Plains & Capitol in QC, Green Meadows & Valle Verde in Pasig, New Manila in QC/San Juan, Merville in Parañaque etc. I can go on and on. BGC is just newer/more modern looking & center to business area. There’s so much more outside BGC & Makati, its not really the end choice of locals. Most old rich are in QC, Mandaluyong, Pasig, & Makati.
I heard that if buy property in the Philippines. So hard to sale. End up abandon the property
Sell it for half price, you'll get a sale.
The rich people live in Forbes Park , Dasmarinas Village , Ayala Alabang , Valle Verde , Corinthian Gardens , Greenhills , White Plains , San Lorenzo , Bel Air , LA Vista .
4 bedrooms but only with 1 parking slots??? At least 2 slots should be included in a 4 bedroom unit.
Go to Ayala Alabang, Forbes Park, San Lorenzo.. this is where all the old rich are residing.
People who are freaking out about 1.5 mil a month clearly never lived in the US or in BGC. I live in Houston and I’ve lived in BGC. No you cannot get a penthouse and live comfortably with that lifestyle in the US lol. You get a decent sized 2 bedroom in a high rise and you get to eat out and get groceries at Whole Foods however maybe go shopping once. It’s not ultra Lux rich lifestyle. My experience with bgc is the same as the costs were pretty much the same in Houston. Maybe you’ll have a bit of money for one help or one driver but that’s about it. It’s good living but barely above average
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Makati is the old money, it's where the most of the Upper class lives. Some are segrated in gated communities in Quezon City, Muntinlupa, Las Piñas, Parañaque and San Juan.
Rich Filipinos typically don't buy condominium units. Rich Filipinos prefer to buy land and mansions, such as in Forbes Park which you featured in the video, there are many gated communities just like that, but non-residents are typically prohibited to enter.
but those weren't studio type/cheap condos he shown tho...it's a penthouse and a condo with 3 bedrooms, located in BGC. tell me, could the high middle class afford it?
@@jkcabs4569 Did I say that it's "cheap?... The woman said that it's around $2 Million Dollars, that is definitely not cheap. She also said that there were some Filipinos living there as well, but it was mainly expats who lived there. Now, with that said, I find the units to be quite small, and the ceilings to be rather low making me feel cramped and claustrophobic, for me the only desirable thing about it is the location. In the minds of many Filipinos, if you're gonna spend that much money, then might as well buy a large house with a lawn and a garden, that way you wouldn't feel cramped.
@AngkatanNamwaran You literally said, "Rich fillipinos don't typically buy condominium units", I do disagree with you, expats/foreigners couldn't own property here. However, they could least and rent it. In 2:55 in the video, the real estate agent said that there's a lot of Filipino buyers as well. You'll be surprised that rich people outside metro manila invest in properties in BGC too. Just like our neighbor here in cagayan de oro, who works as a captain in an international seafarer company, and they have a property there. Also, you'll be surprised what 2 million AUSD gets you in australia and USA, cos 2 million ausd in philippines is pretty decent given to its location too.
@@jkcabs4569 I said ''TYPICALLY"... the key word is typically. I didn't say that they don't buy condo units, it's just that most of them would rather choose to buy a house and lot with that amount of money.
@@jkcabs4569 They said that this is a 3-bedroom penthouse, rich people typically have 2 to 3 children, live-in maids and drivers, plus guest rooms. 3 bedrooms isn't enough for most rich people.
Jamie love your gig bro love watching your show now and then
It’s not about foreigners it's old money as well from Philippines. BGC is busy buy and expensive but not the most expensive.
Jamie speaking some Tagalog words is just too cute!
quality of these videos is insane. Massively underrated youtuber!
Over
Actually BGC, Makati, Alabang etc.. are some of the expensive, fancy and most expensive or richest areas of the Philippines in terms of businesses, financial hubs or luxurious condo, gated subdivision, villages, townhouses or apartment complex. But in terms of home/land property like mansions with wide ranch/ farmlands, resorts near the beach, or property on top of a hill overlooking a city or a town it's all spread out across the Philippians. Most of the rich individual have a property mansions distant from the main cities mostly in provinces and away from the hectic city life. It's advisable to have your own land property than live in a luxurious penthouse condo unit in a building in the Philippines worst case scenario is the when earthquake hits your area every thing collapses, fire would break in some units and spreads to other parts of the building, issue with the buildings developer or problems with land rights where the building is built.
@Jamie Zhu You whoever edited the video did not do a good job putting the blur over the owner of that Apartment.. there is a fraction of a second that the blur is not on them and their face is revealed!
The old money Filipinos are discreet, quiet, low-key and comfortable with themselves. They live in ILOILO.
Makati is the safest city. I lived right across Greenbelt for years and would go out around 2am to eat and man it is the safest city in The Philippines. That girl that you bumped into is not a resident lmao she just talks lmao
I wouldn't say the same for pembo, comembo, cembo and Rizal which are also part of Makati.
Pio del Pilar, Makati. Lol... Many live on the street there. Terrible neighborhood.
Bgc is normal price for rich people in the Philippines you go ayala alabang minimum 200M peso you go bel-air minimum 500M pesos enter forbes park minimum 900M which is very rare cause now its 1B. Bgc condo are used for property rental and some expats live there cause its cheap. Go New Manila, Wack Wack, Loyola Grand Villas, Dasmarinas, Urdaneta etc. You were filming around Forbes security there are heightened that's why you really get a look cause they might think why you asking cause people around those area never ask you were lucky you were never got called by a Police Patrol in some areas you get flagged down by Police Patrol car automatically cause they have there own station inside or beside those kind of villages.
Rockwell Center in Makati is the most posh and expensive district.
Yeah, expensive but it has a limited area.
Why is Megan Young in the thumbnail?
coz she has a home in forbes park
@@politicfrogno she doesn’t.
Click bait lang ata nya 😂
@@cosmicgalaxystudio1539 Tumpak!
He was surprised when he learned that average worker earns 400D a month. And average Filipino could never dream of living a luxury like that.
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You havent seen a BGC or Makati condo with its own infinity pool. The penthouse that you saw was pretty simple. Forbes Park - you cant just knock and look at houses there man 😅😂
He knocked on houses in McKinley, not inside Forbes
Loved the van knocking down the title effect. How to do that?
Thanks for quoting us.
Residents from the first world countries with not enough money saved go to the Philippines because they can retire comfortably using their SS benefits and maybe dip a little bit into their retirement savings and stretch it out until death. New rich overseas Filipinos buy a lot of these condominium units because they’re feeling nostalgic about life in the Philippines. Live there for a month or two and lock it. Buying a house for them is a great desire but paying someone to live in it and the person paid to take care of it doesn’t know a thing about care and maintenance. Also, the children of these new rich Filipinos don’t have a desire to live in the Philippines long term. Maybe just stay there for a week or two.
I was in The Philippines 🇵🇭 in 2022. This is not the most expensive place there.
Aside from corruption and entrepreneurship, the other way to make it in rich 💰 areas is to have human resources. Who you know will get you more done than what you know alone.
The houses and apartments looks overpriced lol
they are.
location location location
Lol, overpriced is a stupid word, is the anything in the world correctly priced, especially since there is even water that cost money
@@gangstagummybear3432 the term overpriced is subjective. In my opinion it is overpriced but for someone who can afford it its probably okay😇
Font forget Tagaytay. Houses are beautiful and much bigger.
Makati is richer than BGC. Subdivision and villages homes alone cost as much as Southern and Northern California or even more. I was looking for a rental house in Bel Aire village close to where I grew up and the average cost is about $7 to 10 grand for 3 bedrooms and 2 baths. Makati was the financial district of the Philippines. Before I left for the States in 87, BGC was a Philippines army base with military base housing for the officers. Fort Bonifacio (BGC) was bare with lots of vacant land. Makati is where the old money is.
True. BGC wasn't that much then.
These are not close to the most expensive at all. What I don't like bout Philippine condo real estate is that the interiors of what people consider luxury are small and quite ugly interiors. Not worth the asking price.
Yes, very basic compared to luxury condos in the U.S.A. and Canada.
It's a huge mistake to think that most foriegners should look at real estate in BGC, in fact the real estate there only makes sense for the tiny percentage of people who must live there for work or busisness reasons, but most foriegners aren't allowed to work in the Philipines at all and they can find similar appartments and condos in other beautiful locations of the philipines for 100k AU which is less that 1/20th of the price!!!
BGC is drastically over priced and just doesn't make sense for most people, locals or foriegners because unless you absolutley must be there, you can get so much more for your money in other areas of the Philipines!!!
there are many filipino wives who live comfortably and don't work
If you are looking for a legitimate house and lot property , you may want to contact Presello.
wow no way! you're here in Philippines, Jamie!!!!
Where do all these guys dig their money? Looks like it’s much more fun in the Philippines. Don’t tell me their money grew on trees or brought over by successive storms. Stay safe kabayans and hope recovery is on track.
BGC may seem luxurious at first glance, but it's only because that area was commercialized recently (a decade or so; it used to be just flat open land). That's why the entire city looks clean, and modern because the buildings/infrastructure of the area, and even the roads are new compared to neighboring cities who have been established decades before that (Mandaluyong, Pasay, Manila, QC etc)
The real old money rich people either lives in Makati (Salcedo, Urdaneta, Bel-Air, Rockwell, Forbes, Dasmaranias) or Ayala Alabang down south. The people you will find in BGC are mostly 30% EXPAT/Foreigners and 30% Upper/Middle Class. Sadly, the remaining 40% roaming around that area are what we call "estetiks/aesthetics" (or poor people who dress up nicely by buying fake brands that look expensive to pretend they're above their class). The surrounding area of BGC on the north and east side are squatter area. So you will mostly see on the outerskirts of BGC, particulary venice mall, market market, sm aura are squatter people. It's a mix so we don't consider it the most expensive area at all. Good try tho.
interview a normal worker, instead of a pre planned agent/broker, there you will see the biggest difference on the so called affordability
90% of the normal workers cannot afford to purchase. you will encounter a lot of interesting information, good luck and cheers!
That penthouse looks like crap. No exaggeration. Those windows are Walmart special and I'm sure the rest of it is built of ultracheap materials.
You can't just do that "knocking on doors" in Forbes or similar communities 🤣, they're mortals like us except they have more money and power. Many of those super wealthy people in Forbes and Dasmarinas have security guards and some of those super wealthy home owners have bodyguards . Some also own buildings in BGC, Makati, Ortigas CBDs, 2nd mansions in super wealthy suburbs of L.A., Boston and London, stakes in international companies in the US, Europe, South America , China, Africa and Australia.
3:55 is that frenchie from “the boys”? 🤣🤣🤣
Youd absolutely have to be a westerner to even do something like this, this type of video screams condescending from the top of the roof, its as if you are in a pre-seated position of looking down on that country, and its people, and aim at what you perceive as the "richest location there" and think the people in that location somehow shouldnt be able to live there or something, you wouldnt try this in the US or anything, but because you feel higher and look down on filipinos, even the richest and highest of them, youll even try to attempt this amongst the wealthiest there, it would be lovely to see them respond to you with remarks that make you look dumb.
After 50 years, your condominiums would have lowered in value. The most expensive homes would be the ones with land.
Ngl, those Forbes houses don't even look like it's worth a billion! And the area doesn't look so expensive, I mean the pent house in Rockwell Makati and BGC are way better looking and the surroundings are top notch!
Forbes is just overrated!
Hahaha bro. I just walked past that house #27 the other day on a walk from Makati to the BGC before flying home.😂
I lived and worked in Makaati for ten years!!!! I know that place
I think the most expensive area is Gasoline station
Like shell petron and caltext so expensive
forbes park is the most expensive residential houses in the philippines
Never buy a condo in the Philippines. You can rent it for less than the interest you're gonna pay on a loan.
I bought preselling condo in BGC for 50 million pesos. Comes with parking.
I hope visit tagaytay and baguio there is higher price of condominium
Live comfortably with stolen money or live with honor?
Philippines is a kleptocracy.
The Phlippines is a kleptocracy.
rich people are in city. wealthy people are in the province.
Manny Pacquiao chopper costs only $0.5M but others whow live in Forbes park have $23M private plane. Manny, He doesnt belong to the upper rich circle in the philippines
No wonder there's a lot of people leaving in the slam everything is to expensive and work they don't pay enough money but everything is to high
Bali real estate compared to other islands in indonesia like sumatra and java
That $2.9M AUD condo shown early in the video is $1.9M USD. It looks rather overrated, overpriced and unimpressive for the money.
Living in the Philippines is so inconvenient.