Hi there,

I am currently working with one developer in the Philippines and just wondering if there are people here interested in such thing.
These are pre-selling projects that launched this year that have good potential for flipping.


Project Brochures:

1. Gold Residences, Paranaque City - across Ninoy Aquino International Airport 1: https://indd.adobe.com/view/d19a1bca-cc1c-4...BqC2xlIBYOLZ6XE

2. Mint Residences, Makati City: https://www.flipsnack.com/SMDCMarketing/min.../full-view.html

3. Sands Residences, Manila Bay Pasay City - https://www.flipsnack.com/SMDCMarketing/san.../full-view.html
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NEWS:

* SMDC projects are also consistently listed among the best projects in the Philippines every year. Philippines Property Awards 2019: https://www.asiapropertyawards.com/en/award...ty-awards-2019/


* This year's PropertyGuru Asia Property Awards named SM Development Corporation (SMDC) as The Best Developer in Philippines for 2020. SMDC also accumulated 8 wins at the event, including the coveted accolades of Best Developer and Best Lifestyle Developer.

Source: https://www.asiapropertyawards.com/en/luzon...roperty-awards/

World's largest Ikea is on track to open in the 3rd/4th quarter this year in Manila Bay area: https://news.abs-cbn.com/business/02/16/21/...uarter-official


Sands Residences official article: https://smdc.com/smdc-sands-residences-brin...waterfront-home

This post has been edited by S F: Apr 4 2021, 04:49 AM

In any investment, one must be familiar b4 investing. In msia itself, there are plenty of real estates to invest .... money matters.

Foreign property investments are not for the average joe investors.

Trying to promote something of HIGH returns ?

Just wanted to make sure before I publish the brochure, it will not go against the rules - as I could only see all the properties shared here, are all based in Malaysia. I want to share an investment in the Philippines , as a matter of fact, they allow investors (who are not filipinos) to own a condo unit in the Philippines.

To make it simple > A Malaysian working with IT company in Makati since 2012, got bored working in shift, transitioned myself in Real Estate in Philippines (hired/working with the developer itself) > made ok profits flipping few units > Wanting to find more people to expand my network

This post has been edited by S F: Oct 23 2020, 02:56 PM

What can a msian non working or residing in the Philipines gain other than dumping money ?

Is their policies towards foreign investors friendly ? Will it change without notice? Can investment be withdrawn easily ? Investing in brick and mortar or just a paper ? etc.

What happen to the Landbank ownership in Canada promote locally previously ?

There are a lot of investment that we can partake in Real Estate - but having experienced flipping myself - I feel that this is easy to do. I pay the company directly - via their website - I do this payment 2-5 mins a month and during the time it is building the condo I gain equity. Then resell it to the network I have built within the years. In any investment, knowledge is crucial. Have I not known this thing really works, I could've stayed with the bank investments. But it beats any low risk, very slow gains in bank investments so I switched here.

Philippines is an up and coming country, just like investments going on in Cambodia they have good returns - their current administration are also lenient towards foreigners so we are protected. Having said this - there are also laws in place to legally protect installment buyers. For me best thing would be for just around 14000 MYR a year investment/unit waiting it out for 30 mos then resell it is quite a good way to grow money.

The condo is actually building - they have license to build and it can be found/verified online. The company is really big and I've been doing this for 4 years. I can't say for Canada - but my deal here isn't too good to be true. I think it's just really a good alternative to an amount of money sleeping in the bank.

Then would like to read what you have to share ...

Forumers .... caveat emptors.

Just messaged an admin lucifah to move this thread to Property Talk, still not sure where to post the brochure and details

This post has been edited by S F: Oct 23 2020, 08:14 PM

Thanks lucifah for moving this thread
Others, share inputs or experience?

Most importantly, are Malaysian banks willing to loan for this Filipino condo? Investment in real estate for ordinary people is a game of leverage. Put in 10%-20% and reap rewards if the condo price goes up. If banks are not willing to loan, there is no leverage and therefore not worth the game. In addition to that, foreign real property investment comes with extra risks. There must be extra rewards for Malaysians to take the risk. If banks are willing to loan, some of these risks are mitigated too.

It is a totally different game plan in the Philippines. With SM Prime (SMDC - SM Development Corporation) you do not need to shell out a huge amount for the downpayment unlike here in Malaysia.

Only a reservation fee (less than RM2500) you will get all the papers sent to your address /unit(s) titled under your name. Yes they do allow foreigners to own a condo unit (freehold too!).
Your first monthly amortization usually would be in 2-3 months after the company received your reservation fee, and this can be done via their official website with your debit/credit card. What's good this payment goes directly to the developer itself, no 3rd party no lawyers involved.

Since we are doing flipping, we'll be paying for approximately 3 years before we sell it to the Chinese business owners, from Mainland China in the Philippines. Ive established my own network in the span of 6 years working in the Philippines , flipped few units myself as well

If you have a sleeping money in the bank, IMO thisis alow risk and safe investment to grow your money.

Their e-brochure : https://indd.adobe.com/view/d19a1bca-cc1c-4...BqC2xlIBYOLZ6XE

An exodus of online casinos from Manila is slowly emptying the Philippine capital’s residential towers, pulling rents lower, according to property broker KMC Savills Inc. Next year could be worse, it said.

“We’ve seen entire residential towers emptied out,” Michael McCullough, managing director at KMC in Manila said on Tuesday. While vacancies from online casinos are so far just a “rounding error” in a multi-million square meter home market, “we’ll continue to see a lot more of that continuing to compound in the next six months,” he said.

https://www.bloomberg.com

Look like low cost flat, meant for foreigners. few local middle income earners would choose to reside in paranaque.

went there to work before and stayed around Taguig

really liked the DMCI projects in Acacia Estates

not sure if newer projects has similar setting

Regarding the news - yes I wouldn't deny this - at this point of time most businesses are struggling, but we won't have to sell out the next 6 mos, rather it was timed accordingly where the government is still lenient with the Chinese. The current administration allows this setup to happen.

We could check from the neighboring areas such as Hong Kong, Japan and Singapore that it's actually quite a trend for these "low cost flats" - how they look doesn't necessarily say about how they cost. Rentals here in Malaysia for a 50 sqm unit is around RM 1300, that size in the Philippines will easily go for RM 4000 at half the size. The location and the budding business around the area decides for the ROI of the investor, not how they look. Plus it's the staff of business owners that lives here, will that matter? I guess not for, as long as I gain my money's worth.

The area that I was referring is located 10 mins away from Entertainment City of Manila. This is where City of Dream, Okada, Solaire, Nobu Hotel and Hyatt Regency are located, and definitely is meant for expats and foreigners.

Yes BGC/Taguig is one of the best CBDs in Manila.
DMCI is a very nice developer for those who are looking for a place to stay, comes in a bigger sizes too compared to other devs. But for flipping plan, most investors would choose SM projects, especially in Malls of Asia area (paranaque) and Makati.

Here's a quick look of the entertainment city area: https://www.youtube.com/watch?v=yAQ7gaVdQjo (vid isnt mine, just random search on youtube)

Thank you for those who PMed and enquired
Others feel free to ask anything you have in mind with regards investments in Philippines, esp real estate

Sound fishy
No comments

If location and price is attractive, there is no shortage of local buyers, need not market overseas.

Back in 2014 I invested in Anchorland property near Manila Bay. It was considered cheap. Paid 5k down payment and 20k every year for 3 years. You only had to apply for a loan 3 months before property completion. Sounds good but there was a few things I did not understand about Phillipines.

Foreigners cannot get loan but the developers can give your a loan it was offered to me at 9%! I did not understand how the rental game is played there. For the shoe box unit I bought they can fit 8 people in it. As it was close to casinos so you rent to people working there, they take turns sleeping there. As the rental game was too complex for me and I am not in Manila to oversee it I finally sold it before completion, something which you can do there. I did not understand why many agents approached me to sell it so I sold it with a 5% overall profit. Agent fees over there is 3 to 5%. I was charged 5%. What I did not understand I could have made 20% profit as these condos were bought by China people to clean their money.

Play in these markets only if you understand the game.



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