CONDO BUYER’S GUIDE

Ev­ery­thing you need to know about the per­fect condo for you!

FHM (Philippines) - - Contents - words: Misha lecaros

The big­gest pur­chase of your life so far–made eas­ier!

While mov­ing out of your par­ents’ home at the age of 18 is a rite of pas­sage in many West­ern coun­tries, the same can’t be said of the av­er­age Filipino, who, far too of­ten, needs to be dragged kick­ing and scream­ing out from the roof he grew up un­der. Of course, noth­ing lasts for­ever, and one day, whether you like it or not, it’ll be your turn to make a gi­ant leap into the world.

Thank­fully, the tra­di­tional house-and-lot model is no longer the end-all, be-all of home own­er­ship that it once was. In­deed, all over Mega Manila, you can see them, erec­tions of glass and steel de­signed to en­tice those who would en­ter them. Con­do­mini­ums are well on their way to be­come the young ur­ban dweller’s fu­ture home—and they are ev­ery­where. As more Filipinos choose to live ver­ti­cal, we picked the brain of a few real es­tate bro­kers and prop­erty spe­cial­ists to get an idea of the pro­files of condo buy­ers.

Some of what we learned wasn’t all that sur­pris­ing, as we found that the ma­jor­ity of condo dwellers pur­chase their units with an eye to­wards fac­tors such as lo­ca­tion and value for money. What did sur­prise us, how­ever, was how dras­ti­cally a condo’s value can change from the day it’s an­nounced to the day it’s ac­tu­ally ready for oc­cu­pancy.

Here’s FHM’S cheat sheet of what is the condo prop­erty mar­ket is like.

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