The Cost of Owning a Condo in the Philippines | Fully Furnished Condo Tours
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- Опубліковано 15 гру 2023
- Avida Land Corp. | an Ayala Land Company
Contact Person/My Agent:
Alyza Mariel S. Olmilla
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In this video, join MomDuty as they explore the process of buying a condo in the Philippines. Teaming up with Avida, they take you on a tour of four different locations, uncovering the nitty-gritty details and sharing their experiences. Discover the cost of owning a condo and get inspired by fully furnished condo tours.
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condos in the Philippines even at BGC are WAY too expensive. Developers are taking advantage of foreigners' frenzy buying and soon will catch on to overpriced condos. With low labor rates in the Philippines, most of the profits are going to the developers and with percentages to materials.
Don't worry the bubble will burst and people will lose money
All of these condos seem way too expensive. I would shop around.
You can find much better value for condos in Thailand.
That 1-bedroom was $161,000 that’s insane
Signed up for preselling condo in BGC. 2BR for around 40 million. Around 730k us dollars. What do you think? Is it a good investment? The rep said they are running out of space and got nothing but on the up side.
LoL if you have money go for it. If not than look around somewhere else lol
those prices are outrageous for the philippines.
Where would you think to found a better price
You can’t go wrong with BGC. We invested in a condo in BGC and so happy with our decision. Everything is within walking distance and no need for a car.
There's nothing under 12 million PHP there.
@@coreyh7323 and will be hitting around P 19m for a 1 bedroom unit once the Metro Manila Subway is completed by 2029! I remember Avida units in BGC starting at around P3.5M back in 2010 in BGC, then P7M at around 2016 and the present P12M at 2023. BGC is top tier.
@@coreyh7323 that’s true, we bought our unit over 5 years ago when prices were still reasonable. Now, the prices has doubled , crazy ! There’s too much demand for BGC
How much are rents there?
@@raintheinsane condos go for 80% of the value of a condo in the US, but the rents are 25-33% of the rents. That's why so many say it's best to just rent.
Although, I have seen some insanely inflated pricing on condos lately, but I think that's from random "realtors" marking up prices.
It's 4 a.m. here in the Philippines, and I was still browsing my YT and stumbled on your vlog while I was checking Avida Southpoint Makati. I am considering purchasing a condo out there for investment, but before that, I agree with you. Nuvali was awesome; it feels like you are in the suburb. I went there with my agent last Saturday, and the house and lot they have were really nice. I am from San Diego, CA, and I am just here in the Philippines for some important things to do. It was too hot, but I love the Philippines; it’s our home, but someday we will be back and enjoy our retirement here. Thank you for this video. Now, I will
I have to decide if I will invest in one or not.
Have a wonderful day with your family. Salamat
Good job Ocampo family! Special mention to the twins who are naturally at home in front of the camera.
Greetings from San Diego, California +1 subscriber - I found you through your friends "Live the Philippines".
Thank you for this video as I plan on living the USA / Expat life centered around San Diego / The Philippines / Japan when I retire. From a safety and amenities perspective, the BGC Makati area ticks off all the boxes for me as a home base in the PI, so I look forward to more of your videos!
Live your best life with the Kids. Some of my most life changing experiences came from my time from 3rd - 5th grade in the PI. Enjoy the ride with the kids as they will grow up fast!
Mama Mia, these 1/1 condo units are waaay TOO EXPENSIVE even for $$ earners coming from the USA! Those condos in Tagaytay & Laguna sounded more affordable & who wants to deal with Manila & Makati's horrendous traffic gridlock anyways?! Kudos to you Mom Duty & your whole familia for spotlighting the "Condo Buying Process" for Fil-Ams/Balikbayans & foreigners planning on retirement or a 2nd real estate investment in the Philippines. Nevertheless, am not sure IF I'm going to retire someday in the Philippines or another Asian country or South/Central America where condos/single family homes are more affordable than the Philippines.
That's what I said 10 years ago, fast forward to today and it's at least 3x more expensive than back then. Can you imagine what it will be like in another 10 years?
Thank you for all the info in buying a condo in the Philippines. After watching all your adventures I am also wanting to get a condo there as a vacation property. Very informative and entertaining video. Thanks Momduty, the twins and of course Bingbing.
My wife and I have a house that's between Laguna and Tagaytay. I'm sure that you went passed the subdivision where we have our house on your way to Nuvali from Tagaytay. You more than likely took Santa Rosa Tagaytay Road going from Tagaytay and Nuvali. That eruption on January 12, 2020 wasn't just a tiny eruption even though it came out of a tiny volcano. I was there for te eruption and yes it wasn't a Pinatubo eruption but it blew it's stack. I'm just glad that we're about 19km (12 miles) north of the main crater. I even have 2 videos of the eruption. There are lots of places near Tagaytay that are visited by many people especially being People's Park In The Sky.
ANG GALING! This Ocampo family can sell lots of units for Avida hahaha hands down, Great family effort! I enjoyed watching your property tour vlog and it's informative, educational but it's fun at the same time! Great job Mom Duty and Ocampo family ;)
DADDUTY!!! Super cool video! Love new condos in the Philippines 🇵🇭! We fly there on Saturday! Excited! HAPPY HOLIDAYS!🌹🌹🌹
Love all your videos mom duty. I am planning to come to philippines next year. Much love❤from Ghana 🇬🇭
That’s wonderful to hear!! We will be waiting you my friend🫶Hope you will swing by BGC! 🇵🇭🇵🇭🇵🇭🇵🇭
Merry Christmas mom and to your family ❤❤❤
Merry Christmas to you too!!🎄
I wanna go back to the days when YT had max 10 minute videos. Time is scarce and no time for play. Essential to remember.
its 11:25pm in Vegas rn and was just about to go to bed until i received a notification that momduty uploaded a new video, im like my sleep can wait lol 😊
Oh my gawd! You’re amazing!!!😭You are the reason w e love our subscribers🥹Thank you so much for taking the time. You’re not out partying in Vegas?🤭
Am in Vegas too and it's 11:41 in the evening and in bed doing a video marathon on Mom Duty ❤
I've been watching your vlog and it's so interesting and very informative, lots of changes have happened in my country and can't wait to be back for good to settle permanently I missed everything about PHILIPPINES especially the warm Tropical sunny weather and here its freezing cold minus 30 goodness what a boring Xmas.Tnx Mom n Duty for this vids and keep up the amazing contents.... I'm coming for you PHILIPPINES see you in 2027 🙏❤🇨🇦🇵🇭
Thank you so much for taking the time to watch our vlogs! Means so much to us. Where are you now that it’s so cold? So excited for 2027!!! The Philippines will be ready for you!🇵🇭
@@MomDuty Winnipeg,Manitoba its frigid cold infact Winnipeg is the coldest major city in north America its -35 deg.C ....cost of living here is skyrocketing heating bills is through the roof goodness and social issues is visible like homelessness,drugs.Canada is not used to be three decades ago.Tnx MomDuty for your amazing channel it's very informative, you shown us ideas especially in real estate investment I think we save enough to buy property in my country when we finally back.God blessed mom n family 🙏🇨🇦🇵🇭
So many changes na po and you will really love it. We love going home every year! Stay warm po💕
Great video. What a magnificent family..... God bless
Just stumbled on your guys’ UA-cam channel and started binge watching 😂
This video is very informative…I was born in the Philippines but moved to the US when I was 15….I now have a family with 4 kids…and they’ve only been to the Philippines a handful of times. I’ve been wanting to invest in a property in the Philippines we can go back to on vacations. But it’s so hard to decide on where to start, and what to consider. This vlog helps a lot. Thank you!
This is great info. Thanks for sharing.
New subscriber here from N. Cal. Filipina married to an Italian . I enjoyed your video.
Really educational! Kudos!
Thanks a million! So happy to hear this👍🙏
Thanks, great video again. You surely saw that its interesting to a lot of viewers!
It really would be nice to include those lower price categories too. Because some of us, without family, might only think of a small place, just enough to sleep and to (co)locate our stationary belongings while mostly travelling around :) Family is planned and coming up in some years ahead, but not for now ;) Because thats the other way around - once we grow out of the small one, we can rent it out or turn it into an AirBnB, and go for something bigger.
Great suggestion! We'll definitely keep in mind to feature more about lower price categories in our future vlogs. It sounds like an exciting journey ahead for you, best of luck my friend!☺️☺️☺️
Wow! I was there when it was just the Seda Hotel and the lake. It's come a long way! Nice 👌
Love you guys watching from California USA Mabuhay 👍👍👍❤️🎄🎄
Great episode ♥️♥️♥️
The Philippines is getting better.
Wow. It's nice knowing Mom Duty starting investing real state in the Philippines. Unfortunately, foreigners are generally restricted from owning land in the Philippines due to constitutional limitations aimed at protecting the country's natural resources and preventing excessive foreign influence. However, they can legally acquire condominiums or certain types of real estate through long-term leases.
Do you have an investment course?
Yes, love your videos with resourceful info that we are taking notes from here in California. Just avoid going off the topic.
Before you buy any property in Manila area you better review where the fault lines are in that area... you might be surprised.
Merry Christmas and a Happy New Year to the Ocampo Famiy!
Merry Christmas to you and your family!🎄❤️
Very informative for Tagaytay , relatives in the area . Thank you @momduty
Glad it was helpful! Ahhh…..Tagaytay is a breath of fresh air. Can’t wait to go back and spend some down time there🙌
I love watching you guys, mostly because of the vibe, positive energy, and just the overall cuteness of the kids involved and family being super tight, and the well formatted videos. But I feel like the elephant in the room is the ginormous prices of these properties. $250,000 for a 1 bedroom, albite a two story loft, is reaching the level of so many big US cities (Miami, Nashville, Dallas, Houston). It would be nice to show some super amazing properties (pool, views, brand new, huge) but Philippine-level budgets.
The location is bgc and it's pretty big for a one bedroom condo. The other condos shown here are cheaper. You can get cheaper condos in lower tier cities.
You need to look in other cities like Manila, Mandaluyong, San Juan, Pasig, Parañaque or Quezon City if you want cheaper condos within the Metro Manila area.
Why should some units not reach US prices? Think about it
@@wavemaker2077 I don't consider Makati a high tier city. All I saw when I mistakenly booked a room at the Grand Hotel was 15 protsitutes per trip outside the hotel, asking me if I wanted a massage.
Because it's still the philippines and you still can't own property,All it takes is a law change and boom now you can't own condos' anymore as a foreigner.Feels like a gamble. @@friarnewborg9213
Oh wow I've stayed in Tagaytay Serin. Me and my wife stayed in a one bedroom Air BnB in Serin. Loved the staff especially the reception they're very courteous and accomodating. Nuvali is pretty good but very pricey, love the area and outdoor activities. It's good for anyone who wants to jog and run.
Oh so glad to hear you are familiar with Tagaytay Serin! Doesn’t it have such a beautiful view of Taal volcano?! My goodness! I can’t get over it’s view! You’re right, the staff is incredibly nice! So happy to hear you had a wonderful experience.
How much was the cost? And for how long was your stay?
Love this one:-) very informative
Thank you so much!!!👌
First commenter po ❤😇
Hello my friend! Thank you for being here!
As a solo traveler that is looking at making BGC my home base…..I really appreciate that you guys took a look at some 1 bedrooms!
Oh awesome to hear! You are going to LOVE BGC! We try to share as much as we can about BGC because we absolutely love this community!
Wisely investing….happy condo hunting….and I wish you’ll find a great one that is a “home” for your wonderful fam! 🎉
Have you guys met the @Livin La Vida Tagalog family? They are also a family like you and Always Be Changing. You guys should get with them and expand your collaborations even more. That would make 3 families!
Thanks for the information greetings from Burlington ontario Canada 🇨🇦
Very informative content
Great decision❤ super thumbs up
Thank you Dan!!!!! Hope you’re doing well and enjoying tour stay my friend 🇵🇭
WOW this episode is fantastic! So informative. I had no idea buying a condo in the Philippines was so easy. And you guys make everything so fun :) Just tell us which condo that was for sale is next-door to you.
Lol!😂We’ll make sure to reserve two next to each other.lol. Thanks guys, for always being so supportive. Sending huge hugs!
@@MomDuty 🤗🤗🤗🤗
😘😘😘
Hello lockwoods
Thanks for all the info. New condo owner here. Just turned over last Nov 2022. Doing furnishing little by little. baby steps 😅😅
Congratulations my friend! Where did you buy? I hear ya. Baby steps for sure. We’re still furnishing our condo and had no idea the process would take so long😅
Can you tell us where your condo is? My daughter's condo is about to be turned over within a few months. Are you getting your unit decorated and furnished?
Amazing and Beautiful family !! Nuvali for quiet lifestyle but with the BGC condo style would have been sold for me . Thank you !
Appreciate the sweet comment my friend! I agree….love the peacefulness of Nuvali but I’m also obsessed with the liveliness of BGC.
You also have to consider the size. 1 bedroom in Avida is same size as Alveo’s studio unit. And Avida doesn’t allow pets. 😢
❤I plan to schedule my next trip to Philippines around this video. I ❤these I really these accommodations I thought if I moved to Philippines from Las Vegas I would be stepping down in lifestyle. Sham on me! Beautiful accommodations, beautiful country, beautiful people!!….especially the women haha❤
WOW all of them are awesome but I really like Nuvali the Best 👌🏽👌🏽👌🏽
Yes! We fell in love with Nuvali too. Especially Nia and Nelvine. Gosh it’s so beautiful and serene out there🙌 So family friendly too and very green!
I suggest buy a pre owned condo than buying a new one. It’s cheaper when it’s preowned
You might be right on that but slightly risky if something could happen to you for any reason your health or accidents as a buyer and or the builders God forbid you end up losing everything.
Merry Christmas ocampo family #MomDuty
Merry Christmas ate!🎄❤️
It is unfortunate though that Tagaytay is being over-developed with construction of so many condos and malls. Not the beautiful and green Tagaytay that it used to be.
That is the price of progress. With progress comes the developments.
Sadly the over development will force people out of jobs once all sold
And prices down
@@wavemaker2077PH should focus on the progress of the food quality, internet infrastructure, black smoke coming out of every vehicle, and non-existent sidewalks. Thailand is about 30 years ahead and has above and below ground trains. But Philippines has a nice Visa situation for us young folks so there's that at least
@@Re3iRtH The Philippines indeed needs to catch up with Thailand. There is a reason why Thailand has a bigger economy than the Philippines. The Philippine economy was badly managed in the past. Only in the last 20 years did the economy of the Philippines finally became stable. Just give it a few more years. The Philippines is slowly catching up to Thailand.
Most of the big ASEAN countries are oil producing countries except for Singapore (which is a major oil refiner) and the Philippines. The Philippines just need to discover one oil well and the economy will zoom even higher.
Oh the Phils has oil....shhhhh. don't tell but it is far south. @wavemaker2077
I've just noticed that Momduty and Living Lavida Tagalog could be sisters, might be a great collaboration🤷😊
As an American born Filipino, Hospital services of Manila appear to be the best of the archipelago. For home decorative art, I would prefer sculpture that is a copy of the gold Buddha statuette from Mindanao (currently on display in Il]linois USA). Liked.
If you’re all for Tagaytay area, I think better have a look at Tagaytay Highlands. They have condos there too.
Wow this is a tuff topic for your country! Grate way to look at this topic,
I am possibly on my way over to the Philippines as our airline tickets to Thailand or canceled due to mechanical.
Very disappointing!
I have been researching going to the Philippines in the past a buddy insisted on Thailand did that and now tickets are cheaper going to Philippines and I've never been there like the idea that we can possibly communicate better as English is more common we will see what happens maybe we'll be coming to the Philippines in a couple of weeks😊
Are you going to do any videos on Ayala Land Premier, preferably Parklinks North and South Tower?
What do you guys do for work?
Why the move to the Philippines from where?
❤❤❤❤ love it 😍
Thanks a million Eliana!❣️☺️
Absolutely would not spend the same price as I would pay in the USA. Defeats the purpose of buying in the Philippines.
Ok, the BGC condo is indeed roomy, did it have a WC upstairs? What do you think about the supply and demand of condos in the Philippines? What I do not see in these tours in general are special units like ones with their own pool or at least direct access to the pool, wrapped around a balcony would be great too.
You’re right. We didn’t get to see any special units with pools in them. I’ll have to ask about that and see where we can find them.
hello Ocampo fam.... hoping that you find the best hause for you guys....
Thank you for confirming that BGC condo pricing is way overvalued relative to practically all other condo options *worldwide*
We love BGC🙌
I will be retiring and living full time in the Phil's and don't want to be roped into one location. I've rented my property before and it can be dicey if you end up with shitty renter's. Just not worth the headache. I've made my retirement money to take me to the end of life. But I guess if you are young and have plenty of disposable income it's an option. BUT housing is so expensive in California my 32 yr old son has a $8,032 USD monthly payment on his property so he's vested in property. The rest of his monthly retirement savings goes into the stock market for diversification.
Pretty nice condo looks american standard and beautiful view.whoever purchase that condo they gotta insure it.monthly perhaps 2,500 dollars annually.
Price wise the Ayala Lands condos are fairly cheap/affordable. However, something you need to take into consideration is the monthly dues. Not sure if it's the same in the US. It would be nice to know that as well as the parking. As some developers would charge parking separately.
Great question!!! Let me look into that. You can also ask our contact below who is listed in the description. She will have more knowledge about monthly dues and parking.
✳️ The condo dues at a Ayala condo is approximately 100 pesos per sq m. The parking is generally lower per sq m. The push to buy condos in the Philippines 🇵🇭 is a concern because it seems like a oversupply with only wealthy Filipinos and foreigners who can afford these condo options ✳️
oh the average monthly dues in the Philippines ranges only from 5K to 10K the most like $90+ to $190+ USD/month ...of course depends on the amenities they offer like the parking, gym, pool, security of course is always a number 1 priority in every development in the Philippines. And btw, most of the time the parking is always offered for a price already from the time you are being toured in the property either for sale or for rent :)
In USA we pay rent for land to the Hamptons, to get around the law
Also what is ongoing cost, electricity, maintenance etc
great job you do can I ask you to do a same on Cindos in Ceby I actually bye past Manika and go Cebu so for all thoes who are interested please di a few stories on Cebu mainly Condos or Houses cheers keep up the great work love it .
yeah better buy your own condo with the monthly rent you are paying. Merry Christmas Momduty.
Exactly!lol. We’re on it! 🫡🤪Merry Christmas guys!🎄
Great information. New subscriber here. Since you’ ve asked the sales reps on monthly rentals for the units, How about the cost of maintaining them: Association/maintenance fee, Property Management (if applicable) , utilities? Salamat.
I Love the Philippines and the style. Great people. Love from 🇨🇦 ID go there in a heart beat.
You missed one great location - Rockwell, Makati. Really the best.
If you are buying a condo for your personal residence, how do feel about potentially living in a building full of Air BnB units? I would think that would be like living in a hotel.
I moved to Cebu. Only a few developments don't allow short term Airbnb (31 days or more rentals can be). I chose to move to one of them. You don't want be be like you're in a zoo every day.
Pinewoods Subdivision in Baguio is also a nice place but i'm not sure if lots are already sold out.
I love Tagaytay ❤been there many times 🎉❤
One of the things I wish your channel covered in this video are any amenity fees. For example, are there any monthly fees for gym, water, etc Any idea what property taxes are? Are there any maintenance fees?
Yes, Association Dues and monthly Water bills. Real Estate (property) Taxes need to be paid at City Hall of the city your condo unit is located.
HELLO MOMDUTY MUCH BETTER YOU CHOOSE A NUVALI ITS A NICE PLACE AND VERY CLOSED IN MALLS,S&R ETC.ETC..MERRY CHRISTMAS!
Thank you for the input! We loved Nuvali, perfect for a family like us. Nice and peaceful. Do you live there? Merry Christmas 🎁🎄
nope but some of my friends are leaving in Nuvali
Visit also Ayala Westgrove if you want to build a house instead of condos...
Ok, I’m looking it up. Are you investing there?
No. But have relatives there
It's almost near Nuvali...
I love the shoulder bag you're carrying. What is the brand?? take care
Team Nuvali let’s go! 😂
I keep going back and forth between BGC and Nuvali. Nuvali is just so peaceful! Beautiful suburbs!
You Need to Disclose HOA Monthly Fees for ALL of these Communities.
Good job stating Rental value for each along with Sales Price
I think it's better if house and lot with wide garden and garage..flood free, in exclusive subdivision with 24 hours security...then you can buy one bedroom condo for long term rental as investment
Yes! Thanks for the suggestion! Also, looking into the one-bedroom condo for long-term rental as an investment. Appreciate your advice!
@@MomDuty your welcome, since you are vlogging, I advice that you too can apply for accreditation so you can sell real estate properties because if you have a sale..you would be able to pay your other investments , plus you have property investment as your business then you have vlogs..you will become rich 😂👏🏻👏🏻👏🏻👏🏻
Hi Mom duty, one of the main complains with Ayala condo, is they do not allow short term lease. so no airbnb, most of the money is in short term lease. Just one thing to consider.
Good to know that Ayala 😂properties are protected from wear and tear by inconsiderate renters. I'd prefer that.
BGC it is @momduty 😊 we’ll run into each other then, im right across Uptown Parade. Seal the deal na!!! 🤩
Haha. You all know how obsessed we are with BGC🙈lol. Omg you live above Landers?!!😲 Ok when are we going to run into each other????😆
@@MomDuty 🤗yes above Landers Tower 2. We should meet up for a run or something. Arriving on the 25th from Cali then go visit Batangas and be back on the 30th to BGC😘
Nice ❤
Thanks a million!🎉🎉🎉
The last one is that from
avida also in Makati.
I can't do an Automatic money conversion !!! I am hoping and starting the process to come to the Philippines and will be renting !!! And done alot of research on all the different Visas !!! And their lengths and costs !!! And liked and Subscribed !!!
Nice!!! I’m so excited for you to come!🇵🇭 Hope our condo renting vlogs have helped with some info👍
The Nuvalli, with 12M starting price vs income on 20k a month, you need 50 years to get the return investment?
That doesn’t sound right 🤔
I like the last one. For 15M BGC? That’s good price. And I was expecting it actually more than 25m. And with their zero interest , that’s great.
Yes! That zero interest is great! Can’t believe they have that here.
BGC is a nice place..
Right Decision #MomDuty
Watching from cavite
Thanks for watching!!! We drove through your hood! Wished we could’ve stopped by. I hear Cavite has some amazing fresh food!
Wow, these prices are huge.
There are airbnb's in metro Manila I usually stay in Quezon City
Thank you for this tour , it gave me an idea how the places you have visited looks like because it was 5 years ago when I decided to work here in Naga City Camarines Sur Bicol and be with my family 😊.
Cool Condo nice view 😎
My favorite part of this condo is the view🙌
That 5M could build a decent house and lot near into the BGC🤔 and you can even have a car with it, Cavite and Laguna are the nearest provinces in BGC which is in southern Luzon.
Which do you prefer? Cavite or Laguna?
@@MomDuty
I think Cavite is better because you don't need to pay a toll fee everytime you want to go in metro Manila, and it's near in NAIA airport 🤔
My bad, there's option for the toll gate which is more traffic than the expressway 😊
glad the philippines are doing well. the prices are out of this world imo. no jobs and far from everything. like the american suburbs but i do not see the reason forbthe oricing. thanks for the video.
manilla u are allowed to have Airbnb at most condos I bought a one bedroom condo at Spring Residence for airbnb for 3.7 million PHP or $66,780 US in Paranawue close to the airport And all the action within the city of manilla 200yards walking distance from the shopping mall… i spent a whole month looking for condos in the Philippines and the condos u listed were the expensive ones that i believe are overpriced compared to most condos out there, Ive met up with 7 agents and found majority of condos u can buy btw 2.9 million to 5 .9 million PHP… i will be buying more condos at various locations when we move to the Philippines
Great info! Thanks so much for sharing with us👌
nice❤
Thanks ✌
Oh...its Ayala development corporations...the best...
Tagaytay is where I'd like to live, possibly
Insane Prices for The Philippines
those costs for tagaytay not cheap at all what about management monthly fees and costs for the facilities etc like ROA in the states cost?