I always hear the realtors mention the 6 mos grace period. Can someone explain exactly what that entails? 6 months to close financing from the time the condo is move in ready? Or is it something else? It seems vague. Thank you
A very good question, thank you for that. I would like to help you get once and for all answer from Rafael, our Megaworld property expert Rafael seen in the video. You can find him on Facebook with his profile name: Megaworld at The Fort by Rafael Juinio We are happy to help you get connected and your question to be answered.
Our property expert Racael Juinio gave us the answer for you. The 6 months grace period applies to the turnover date of the property. Example: June 30, 2031 + 6 months grace period. This is the allowance given to the developer. For financing or loan of the turnover balance, we start to process it at least 6 months before the property is ready for turnover.
Good question, only one unit left in whole Uptown Arts and lot of Filipinos have purchased units here and other developments seem to be pre-selling fast with all the developers. Who knows, maybe it is the 0.001 that buys them all?Out of Filipinos that would make about 110.000 potential buyers, so no wonder the units are moving fast.
I would say roughly 250k PHP, but the calculations can be found online and Real Estate Agent Rafael will naturally assist all other buyers in case you need a binding calculations.
@@FullFinnoy uptown arts yes 12units per flr. Actually that's a lot already for the price or almost 400k+ per sqm. but the other condo which is 30 units per flr a lot and its 45flr. How many elevator do they have. Imagine the elevator queue in the morning assuming each unit has 4 tenants and they have to work or go to school at the same time.
@@FullFinnoy you know why i did not buy it because the owner bought it preselling for 3M for a studio unit, after 1 year he selling it double the price. so now that $40M condo will be easy $ 50M when they turn over the unit.
Amazing showroom they got
Nice architectural plan. I would love to own a unit but right now I can't afford it. Two thumbs up to the tour!
The city looks cool 1:16 It's going to be a great neighbourhood.
Yeah, it's a really nice and modern development
So prestegious!
Houses are going up in Manila, not only prices, but literally!
8:06 Million PHP kitchen. NIceee!
I bought a unit in uptown arts, but i gave it up when i found out how close uptown modern was to our balcony. Completely built out :(
If you reach man you can afford.
I think you are absolutely correct!
Yes sir I think.
I always hear the realtors mention the 6 mos grace period. Can someone explain exactly what that entails? 6 months to close financing from the time the condo is move in ready? Or is it something else? It seems vague. Thank you
A very good question, thank you for that. I would like to help you get once and for all answer from Rafael, our Megaworld property expert Rafael seen in the video.
You can find him on Facebook with his profile name: Megaworld at The Fort by Rafael Juinio
We are happy to help you get connected and your question to be answered.
Our property expert Racael Juinio gave us the answer for you.
The 6 months grace period applies to the turnover date of the property. Example: June 30, 2031 + 6 months grace period. This is the allowance given to the developer.
For financing or loan of the turnover balance, we start to process it at least 6 months before the property is ready for turnover.
Megaworld has a reputation for not having good upkeep years down the line of a building
Wow, really. Well thank you! That doesn't sound good. Is there more reliable information to this somewhere?
who can afford a 40 million condo? The top 0.001 percent of the population. Real estate prices, especially in metro manila, do not make sense at all.
Good question, only one unit left in whole Uptown Arts and lot of Filipinos have purchased units here and other developments seem to be pre-selling fast with all the developers.
Who knows, maybe it is the 0.001 that buys them all?Out of Filipinos that would make about 110.000 potential buyers, so no wonder the units are moving fast.
Yup! Way Too much to Charge for a Country with Bad Economy Low income Lots of Calamities and Value of pesos is Low
@@arafee8884 yes it is way too much. Imagine buying a 700k$ for a condo unit in a 3rd world country. It's way too high even for a 1st world country
@@MARKMONTES10 Agree They Take Advantage to Foreigners and Filipinos Work Abroad Its a Scum
Have you guys seen Aurelia Condo in BGC? Units running around and above PHP100 Million
Wow! Very expensive
Or quality witv the price? Need to investigate further.
How much is the real property tax for this condo?
I would say roughly 250k PHP, but the calculations can be found online and Real Estate Agent Rafael will naturally assist all other buyers in case you need a binding calculations.
Most of people don’t understand the value of such investments
Each to their own. For some this is an investment and for some it might be a gamble.
Luxury condo yet 30units per floor? That's a lot!
There's only 8-12 units per floor on Uptown Arts.
@@FullFinnoy uptown arts yes 12units per flr. Actually that's a lot already for the price or almost 400k+ per sqm. but the other condo which is 30 units per flr a lot and its 45flr. How many elevator do they have. Imagine the elevator queue in the morning assuming each unit has 4 tenants and they have to work or go to school at the same time.
im so stupid not to buy a condo in BGC when the prices was 6M back in 2012.
Dayum! Although a little different materials and finishes and technology in the unit and building etc, but nevertheless!
@@FullFinnoy you know why i did not buy it because the owner bought it preselling for 3M for a studio unit, after 1 year he selling it double the price. so now that $40M condo will be easy $ 50M when they turn over the unit.
overprice
Too small
There's always bigger and better available, just have to stack unbeliavble amount of money for them.