The value of that condo are the facilities and location. And the place looks well managed and maintained. Well presented video. I can see a 65+ year old choosing to settle in this resort type development.
This condo was featured on Alma’s channel for 27.5m so it already dropped by 6m. You can get a 3hp carrier for 80k. It’s a beautiful condo but still overpriced in my opinion. I think 15m is more appropriate. Condos are overpriced generally in the Philippines and a correction is coming.
Yes, I've also seen it on a couple of other channels as well. No doubt it is a great condo in a great location. I hope it sells, but the market conditions for condos are deteriorating.
Yes, rent a nice place. Then place money in a great investment so interest earned will pay for your daily needs. Condos at this level do not appreciate in price. My 2 cents worth of input.
Imagine sell back home invest in that condo supertyphoon comes sweep the house and you left with one big zero ! Better rent 10.000 sqm lot for 25 years or 50 and do what you want. Thank you for making this video keep great work !
The best is buy a land and built on it. Make sure you have a good architect and builder. My cousin in Cebu City had a good architect and the house was modern with high ceilings. If your older get a one story house. You don’t want to be climbing up and going down the stairs.
It will be difficult for me to buy any property in the Philippines. Iwill move there as base home for my south east Asia hub retirement plan. In tthat case i rent in greater Manila area next year., Rockwell or BGC because of my mobility situations.
I'm a real estate appraiser and can tell you that investing in a condo is not a smart investment in SE Asia. Condos especially are overpriced and you will never get your money back if you want to sell (if you even find a buyer). Better to rent. Don't build or buy. Westerners always have a built in default that makes us believe that buying means security (I've been guilty of that in the past). Fight the urge and rent. If rents to high there are many countries where rent is dirt cheap and so is the cost of living.
You can walk for kilometers in both directions along this beautiful beach with brown sand. Just a couple of meters from the shore, there’s a stunning coral reef visible even with basic swimming goggles. Unfortunately, trash is an issue across most of the Philippines, with only a few exceptions.
You presented it beautifully. Unfortunately, the project is far too expensive. Yes, I know, everyone wants to earn something, and real estate is particularly suitable for this. So negotiate the price very well ! The location on the Ground Floor is very questionable......
Investing $370k in the flip land is insane and why, what for 🤯 what’s the need unless you want become another expat statistic who lost big. There is a reason why that expat is trying to sell this property and it’s been on the market for at list 8 month that I know of or maybe more. Guys do not buy (invest) absolutely nothing aside from buying a motorcycle and car that are always easy to sell. You can always pick up and go move anywhere you want, nothing is holding you down like anchor plus your hard earned money must help you like invest in your own country’s realestate or better give it to me and I will hold it for ya 😊 Happy new years to all, stay safe and be smart.
I appreciate your showing it and I think you guys need to get some more education as far as what features and specifications a potential homeowner would want to know about. It was clear to me that neither one of you have built or owned a higher end home, and that is the kind of person who would be buying it. Not a knock, but constructive feedback.
Smart man! Instead of listening to these shyster BS artists. If these two fools could actually own properties in the Philippines they wouldn't be pissing around on UA-cam trying to rope simps.
Well to be precise there are a few specific ways for foreigners to own land. One is if their Filipina wife passes away, the foreigner will inherit 50% of the property (land and house). The other half gets divided among their children. If the children are young the foreigner will have de facto control. If there's no children then the remaining half will be divided among her immediate family (her parents and siblings). This situation might seem unrealistic but it does happen when the Asawa dies from cancer or other illness, or accident. The other way is to form a corporation to buy the property. But get a very good attorney to set this up correctly.
@@Dilligaff-d2f I'm not sure what you mean by "doesn't work"... But here is what the law says: Ownership through a Corporation: Foreigners can indirectly own land through a corporation. Philippine law allows corporations with up to 40% foreign equity to own land. However, the majority of the corporation's shareholders (at least 60%) must be Filipino. If there are 3 Filipino investors, each could own 20%. This reduces financial risk for the Foreigner and still allows him to own the biggest share. This is a commonly used method for foreigners who wish to invest in real estate while staying within legal limits." Now if you're worried about your 3 local investors ganging up on you, you would also put in place a separate contract, whereby the corporation agrees to lease the land to you for a period of X years, and make the lease agreement renewable. This is the basic structure. Its doable. Maybe technically you are not the majority shareholder (over 50%), but you will be by far the biggest shareholder and have control over the property, without having had to pay 100%. I have 3 foreign friends who did this. However the actual contract is obviously going to cover many possible legal scenarios and be a lengthy legal document.
That's been for sale for over 6 months. Must not be a good deal
The prices are dropping all over the PH right now. It will sell for half in one year.
I'll buy it at 10mil 😅
I think it was a different one in the same compound, and I heard it was sold recently.
The value of that condo are the facilities and location. And the place looks well managed and maintained. Well presented video. I can see a 65+ year old choosing to settle in this resort type development.
Thank you for watching and sharing your opinion
This condo was featured on Alma’s channel for 27.5m so it already dropped by 6m. You can get a 3hp carrier for 80k. It’s a beautiful condo but still overpriced in my opinion. I think 15m is more appropriate. Condos are overpriced generally in the Philippines and a correction is coming.
Yes, I've also seen it on a couple of other channels as well. No doubt it is a great condo in a great location. I hope it sells, but the market conditions for condos are deteriorating.
I believe you are correct. There's a 36 month glut of condos in Greater Manila. I bet that Cebu and mid-size cities aren't far behind.
Actually you're wrong. She featured a different unit there
@@CritterHunter
She absolutely featured this one 3 weeks ago. Living in dumaguete channel
80000 for three hp? Can get 8 ac
Really nice condo. Need to safe a bit more money ;) Happy New Year !
Thank you. Happy new year, I wish you to earn and save a lot of money this year
@@Alex_KoshThanks 👍😎
Yes, rent a nice place. Then place money in a great investment so interest earned will pay for your daily needs. Condos at this level do not appreciate in price. My 2 cents worth of input.
Condos are for rental and it’s very difficult to sell it. There’s a lot of supply for condos and less demand nowadays.
Quality remodel and well done. A rarity here.
Well maintained property.
For that money I was expecting a massive detached house...
Imagine sell back home invest in that condo supertyphoon comes sweep the house and you left with one big zero ! Better rent 10.000 sqm lot for 25 years or 50 and do what you want. Thank you for making this video keep great work !
Is that Finn Snow's boat anchored offshore?
Wow, beautiful place! Thanks for sharing. I wonder how much something like this would be to rent each month?
The best is buy a land and built on it. Make sure you have a good architect and builder. My cousin in Cebu City had a good architect and the house was modern with high ceilings. If your older get a one story house. You don’t want to be climbing up and going down the stairs.
Id rather live in an outhouse on my own land that a palace on land owned by others
Thanks for sharing your opinion
Unless you’re Filipino, there is no my own land.
Great I will take the palace.
Nice condo, I just wish that it was more affordable 😢. Are there more affordable ones available, maybe somewhere else?
It's perfect... if only I had the funds. I'd jump on that.
It will be difficult for me to buy any property in the Philippines. Iwill move there as base home for my south east Asia hub retirement plan. In tthat case i rent in greater Manila area next year., Rockwell or BGC because of my mobility situations.
Very very nice. In dumaquete? Only cash?
Dauin, located 13 km from Dumaguete. The owner prefers cash but is open to discussing serious offers via email.
That's paradise
True💯
I'm a real estate appraiser and can tell you that investing in a condo is not a smart investment in SE Asia. Condos especially are overpriced and you will never get your money back if you want to sell (if you even find a buyer). Better to rent. Don't build or buy. Westerners always have a built in default that makes us believe that buying means security (I've been guilty of that in the past). Fight the urge and rent. If rents to high there are many countries where rent is dirt cheap and so is the cost of living.
Kitchen is a little small and the living area. Good for 2 people
What is the total distance of the beach that you can walk in either direction of the condo?
The beaches in this area suck, brown sand, no beach at high tide, garbage always washing up on shore. It's a hard no thanks.
You can walk for kilometers in both directions along this beautiful beach with brown sand. Just a couple of meters from the shore, there’s a stunning coral reef visible even with basic swimming goggles. Unfortunately, trash is an issue across most of the Philippines, with only a few exceptions.
You presented it beautifully. Unfortunately, the project is far too expensive. Yes, I know, everyone wants to earn something, and real estate is particularly suitable for this. So negotiate the price very well ! The location on the Ground Floor is very questionable......
Not for seniors as steps are their biggest enemy. Senior Retirement Communities in Florida are Bungalows for obvious reasons
Thank you for watching and sharing your opinion
The pool with the bar doesn’t need a toilet.
Investing $370k in the flip land is insane and why, what for 🤯 what’s the need unless you want become another expat statistic who lost big. There is a reason why that expat is trying to sell this property and it’s been on the market for at list 8 month that I know of or maybe more.
Guys do not buy (invest) absolutely nothing aside from buying a motorcycle and car that are always easy to sell. You can always pick up and go move anywhere you want, nothing is holding you down like anchor plus your hard earned money must help you like invest in your own country’s realestate or better give it to me and I will hold it for ya 😊
Happy new years to all, stay safe and be smart.
Встретил вас в видео у другого блогера, по акценту сразу понял, наш человек)
Спасибо, приятно что нашли)
I don't think I'd ever own in the Philippines. Mainly because I'd prefer to move around every other year or so.
Yep. Rent and go. Why roll the dice buying someplace you can't stand in a few months/year?
Im a sucker for “New Construction”.
I heard condos in Manila are falling in price with overbuilding.
Buyer’s market?
Is there a Condo Owner Association fee?
14000
I appreciate your showing it and I think you guys need to get some more education as far as what features and specifications a potential homeowner would want to know about. It was clear to me that neither one of you have built or owned a higher end home, and that is the kind of person who would be buying it. Not a knock, but constructive feedback.
WHAT IS HOA FEES
14000 pesos
hoa fees?
14000
rather rent keep my money invested
Smart man! Instead of listening to these shyster BS artists. If these two fools could actually own properties in the Philippines they wouldn't be pissing around on UA-cam trying to rope simps.
yup. I should of lol
critter I miss you weight lost video, I watch everyone,
🌴🌴< < < HELLO ALEX 💥 HELLO JUSTIN 💥 HAPPY NEW YEAR GUYS 💥 > > > 🌴🌴
Hello Jack, happy new year. Our best wishes to you and your family
@@Alex_Kosh THANK YOU SAY HELLO TO GEN & TRIXIE FOR ME.
Waste of money, you can rent a beach front house in this area for $500-$600.
You can rent ""every man has a stroke '' place, now that he's gone.
37.000 $ is even to much investing in that bottomless pit called Philippines
Sorry but I don’t look even that video…370k you can have everywhere on the world high class living
❤
С наступающим, Акс 🤗
Since u think its a great deal .why not buy it yourself.
I wish I could afford it 😉
If this condo was in Hawaii easy over $2m , For $370 it’s the right price .
Ummm... you're comparing Dauin to Hawaii? Have you ever been to that area? It's wayyyyy overpriced.
LOL the Duma mafia will help you out .
There is NO way a foreigner can own land, so don't say you can. A condo sure. It's not doable to own land.
Some people are bumb and dumber to dumbest
Well to be precise there are a few specific ways for foreigners to own land. One is if their Filipina wife passes away, the foreigner will inherit 50% of the property (land and house). The other half gets divided among their children. If the children are young the foreigner will have de facto control. If there's no children then the remaining half will be divided among her immediate family (her parents and siblings). This situation might seem unrealistic but it does happen when the Asawa dies from cancer or other illness, or accident. The other way is to form a corporation to buy the property. But get a very good attorney to set this up correctly.
@albathoughtsofficial yes that all works but the corporation side of it doesn't work
@@Dilligaff-d2f I'm not sure what you mean by "doesn't work"... But here is what the law says: Ownership through a Corporation: Foreigners can indirectly own land through a corporation. Philippine law allows corporations with up to 40% foreign equity to own land. However, the majority of the corporation's shareholders (at least 60%) must be Filipino. If there are 3 Filipino investors, each could own 20%. This reduces financial risk for the Foreigner and still allows him to own the biggest share. This is a commonly used method for foreigners who wish to invest in real estate while staying within legal limits." Now if you're worried about your 3 local investors ganging up on you, you would also put in place a separate contract, whereby the corporation agrees to lease the land to you for a period of X years, and make the lease agreement renewable. This is the basic structure. Its doable. Maybe technically you are not the majority shareholder (over 50%), but you will be by far the biggest shareholder and have control over the property, without having had to pay 100%. I have 3 foreign friends who did this. However the actual contract is obviously going to cover many possible legal scenarios and be a lengthy legal document.