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
===========================================

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.



on

That is exactly what most foreign investors do in the Philippines, units that are owned by foreigners can only be sold to foreigners. I do not suggest to go for rentals unless you are considering to take loans from the bank.

What Ive been doing for the past 6 years is to go for flipping. (still working in the Philippines since 2012 though lol)
You pay for the reservation fees, and continue paying for the monthly amortization for 3 years (this is actually the downpayment to the developer). 1 year before the property completion (turn over) , we sell it to the Chinese people who will later use the unit for their staff. As simple as that.

There is no need to take for loans from the bank in the Philippines as you are not going to pay for the remaining balance, leave that to the Chinese buyer - your job is to pay until 30th - 36th month, then sell it off. If we have a spare of RM1200-1300 a month, it is wise to invest. Plus all the payments are made via the developer official website. No agents no third party involved.

Sorry to hear your loss - 5% was too little for a unit within Manila Bay area, especially with SMDC projects. Not really sure about Anchorland or other developers there, as Ive had no experience flipping with them.

Interested to know more. Pls do PM. Thanks

If one couldn't offload or funds to pay by 36hth month could loss all what has been paid.

This is where Maceda Laws play its role. You are entitled to get a refund for as long as you continuously pay for at least 24 months. The law covers sale of financing of real estate on installment payments, including residential condominium apartments, where the buyer has paid at least two years of installments. Even as a foreign investor, you are still protected by the Government of Philippines.

More information: https://www.lamudi.com.ph/journal/eight-thi...the-maceda-law/

I have done several transactions myself without needing a third party on my part.

If buyer has nothing to lose until completion, there is no shortage of locals to snap all. developer is not in business for charity or at disadvantage; there is no free lunch.

The developer is offering only 60 % of their inventory to locals - the rest for foreigners. The market I am in, and targeting. Developer is earning money through the transfer fees - which will be paid by the buyer. The buyer I am referring here is the Chinese business owner.


Buyer A, myself, buys the unit during pre-selling at RM100.
After 3 years, Buyer B interested with the project, buying from me saves him RM150, instead of directly from the developer which now costs RM300. Buyer A offers only RM150, and has only paid RM50 through out 3 years by monthly installments.

Developer charges transfer fees (Buyer B pays) while still getting money from Buyer B to finish the remaining balance of 50 that Buyer A hasnt paid, the price at pre-selling.
There will be association dues that you pay to the developer, on monthly basis upon completion of the project. (Since we are doing flipping, we do not need to pay for this one, leave it to Buyer B)

They have already started building - Philippines Mall of Asia, World's Largest Ikea. Source: https://sea.mashable.com/culture/12296/the-...-worlds-largest

Who owns Malls of Asia? It's the SM group.
Company's Annual Report: https://www.sminvestments.com/investor-rela.../annual-reports

For those who are interested , you can Whatsapp me and we can meet up while I am still in KL

My application to exit Malaysia end of this month, has just got approved a few days back by the immig.

This post has been edited by S F: Nov 20 2020, 09:26 PM

Malaysia have so many opportunities
No point to invest in another 3rd world country

Hi AgnesB Thank you for your opinion. The difference is Philippines isnt just "another 3rd world country" it is a developing third world country and they allow foreigners to own a freehold condominium there. In term of the GDP growth, these so called "3rd world countries" are among the highest in Southeast Asia, Viet / Philippines / Cambodia to name a few.

Again, I am only sharing what I have gained from doing this for the past 3-4 years, to each their own on how they want to invest or grow their money. And I am no way claiming myself a property/investment guru, just someone who's fortunate to have found this opportunity while working abroad

This post has been edited by S F: Nov 20 2020, 10:27 PM

This year's PropertyGuru Asia Property Award awards SM Development Corporation (SMDC) as The Best Developer in The 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/

This post has been edited by S F: Nov 26 2020, 10:38 AM

New project in Makati City was just launched, MYR1200 a month.
Mint Residences by SMDC.

E-Brochure: https://www.flipsnack.com/SMDCMarketing/min.../full-view.html

Hawaii-based planning, design and consulting firm Belt Collins lends its landscaping expertise to SMDC’s new, premier development, as the two real estate giants aim to create a refreshing living space amid the urban cityscape.

Link: https://smdc.com/belt-collins-for-smdc-mint...-a-masterpiece/

SM Development Corporation’s Gold City will give rise to an 11.6-hectare integrated premium development in Parañaque City, offering a gold ticket to fine living in a city residence.

Find out more about it: https://smdc.com/the-art-of-fine-living/

World's largest Ikea is on track to open in the 3rd or 4th quarter, in SM Malls of Asia (Manila Bay). Another great news for investors in the Manila Bay area.

https://news.abs-cbn.com/business/02/16/21/...uarter-official

Sands Residences right in front of Manila Bay. SMDC's recently launched residential project.


• 3.2 km to Malls of Asia and world's largest Ikea / Entertainment City
• less than 1km to Rizal Park and US Embassy
• 20 mins to Ninoy Aquino International Airport (NAIA)
• 15 mins to Makati City


Monthly amortization of only RM 1,500 ++ (Premium units for our foreign investors!)


E-brochure: https://www.flipsnack.com/.../sands.../full-view.html

Ice Tower - Integrated within the Mall of Asia Complex, provides a perfect environment for entrepreneurs to flourish.

E-Brochure: https://www.flipsnack.com/SMDCMarketing/ice.../full-view.html