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Is It Worth It? 5 Things We Learned About Real Estate Hunting

Posted 4 CommentsPosted in Farms, Condominium / House & Lot, Investments, Passive Income, Real Estate

Investing in real estate property for possible rental income can be rewarding, and there is a big market out there. It has its own share of responsibilities and headaches too, though. It is not for someone looking a quick bang for the buck, it will not be quick ROI.

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SMDC Grace Residences Updates: Tower 1 Turnover and Site Pictures

Posted 4 CommentsPosted in Condominium / House & Lot, Investments, Real Estate, Personal Finance

The agent assigned onsite, named Gerald, was kind enough to give us a tour of the Orchid tower to see what it looks like, as well as some amenities so below are some more pictures. When asked if Tower 2 – Lily is within schedule of 4Q2016 turn-over, he said that it might be safe to expect it by Jan2017. Sigh.

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SMDC Grace Residences: Updated Countdown to Turnover

Posted 6 CommentsPosted in Condominium / House & Lot, Investments, Real Estate, Personal Finance

This is just our own unofficial countdown. If you ask SMDC peeps, they are not yet willing to commit to a turnover date but based on our request of DP extension to SMDC (from Dec2015 to Dec2016 in lieu of delayed turnover, a request which they granted), it seems that Dec2016 / 4Q2016 is indeed a more plausible turn-over timetable.

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SMDC Grace Residences: Parking Slots

Posted 3 CommentsPosted in Condominium / House & Lot, Plugs, Marketing, Real Estate

I was surprised to learn that the cost per parking slot now starts at PHP750K, exclusive of 12% VAT and 6.5% other charges. So all in all, it’s at least PHP888,750. Crazy. I wonder how much the rival developer’s parking slot costs now, three years since. I just hope this means the property valuation of the actual condo unit has already appreciated too.

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