The Cost of Owning a Condo Near Metro Manila’s BGC, Philippines | Fully Furnished Condo Tours
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- Опубліковано 22 сер 2024
- Join us as we tour fully furnished condos near Metro Manila's BGC, exploring the cost and lifestyle of owning a condo in this vibrant area of the Philippines.
Ortigas Land Property Specialist: Victor Cruz
Email: Cruzvr.ortigas@gmail.com
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I love these two young people, they will grow to become better bloggers than their parents. They just love what they do. Lovely 🥰
For the price of a condo in BGC I would prefer to have a single family home in the province because I'm not a city person. To me a condo is just a large apartment in a large building. I enjoy having fresh air and no noise from traffic. I'm not too far from nice things but far enough to enjoy life without the crowds of a city. My wife is from Bulacan.. At least you all aren't in Dumaguete or Iloilo like so many other vliggers are and they act like that's all there is to the Philippines. It's nice seeing BGC and surrounding areas.
Yeah I totally understand what you mean. Maybe one day we’ll feel the same way. But right now in this chapter of our lives with 12 year old kids, we want to live right in the center of all the excitement which is BGC. But you’re also right, there is so much to see in the Philippines! That’s why we are dedicating this year to visiting local spots in the Philippines🇵🇭It’s so diverse and beautiful. We want to showcase that.
Nuvali is the place to be in the next 3yrs ! It would be best place to settle down for a family.
And you also feel as if Bulacan province represents the whole Philippines? Those vloggers in Dumagetue and Iloilo just love the place they are in. Isn’t that what you are trying to say about Bulacan?
Don't forget the monthly condo fees + more additional fees 😂
If you stay in a condo above 15 floors like i did it will be super quiet.
Plus unlike the province i didn't have to deal with bugs or mosquitos.
It's really good to find a place which makes you feel like there's no better place than where your at.. 😊
Thanks
Hey Ocampo's. Your kids are both astute, well mannered and quite financially savvy. Well done, you power couple.
Victor is a nice guy and very knowledgeable...
From Edmonton here too😂 yeah good decision of going back home and do what you really love victor
Hello Canada👋🇨🇦 Oh wow! You are Victor’s neighbor☺️How cool is that!!!
Great decision. If you can get a decent income in the Philippines, stay home. The whole of Canada is a boring place to live.
Edmonton is a cool city. Cold but cool
The average monthly salary in the Philippines is Php 18,423.00 or US $330.08. Hence, average Filipino will never be able to afford a 22 to 40 million Php condo. Heck, many folks in The West or Europe can no longer afford these prices. One has to wonder when the correction will come.
Boom! You are correct.
True. The price of condos is much higher than what rent demands.
Galing naman vlogging family! Congrats Momduty its just more than a year when i had subscribe and back then your subscribers is less than 10k but for jyst more than a year its burst to now more than 164k a big congrats to you lovely family !!!
Aww thank you so much!!!!😭Wow you’ve been with us for so long. Appreciate the support my friend!!👊💥
i pay $2k for a studio apt in Pasadena, CA and its nowhere near the elegance of that place. I can’t wait to come back home for good. 10 yrs and I’ll be there.
Ahh you live in Pasadena? That’s where I spent most of my high school days. Memories🥹Wow that’s how much a studio is going for now? Hope it’s at least near downtown. Ahhh come back🇵🇭🇵🇭🇵🇭
Pasig is in the middle. For others who really want to live there, its also another business district. Its near the top schools in Quezon City. The location is at the top of the hill. Manila is near sea level. Cainta is beside Laguna Lake.
I think 2028 is the full operational since the contractor is Japanese and finance by JICA
You know I'm retired military and my monthly pension is 135k monthly. There is know way i can afford any of that. You guys must be millionaires!!!! With these out non affordable prices I'm going to go back to the U.S.
They will suck the foreigners money out living on those places.
The best thing in Pasig is the Mayor! Mayor Vico Sotto!!!
That’s great to know!👌👍
True, mahusay si vico kumpara mo sa ibang mayors ng ncr.
As a dual citizen I looked into buying a house/condo in BGC or Tagaytay etc but I learned my lesson real quick, Philippines is nothing than a major corruption specially when it comes to real state. I would never invest on a property in the Philippines.
Better to buy house and lot in subdivision somewhere in Dasmarinas Cavite near Silang, Cavite. It is nice and cooler breeze there at night this months around 20C or below at night! Like Washington subdivion along Aguinaldo highway.
"I'm good man" Jacko helping out MD. Nice!
Hello Mom Duties:
I have a friend in LA who has a Mexican wife. Just like you she loves “sinigang.” She finally learned how to cook it and she calls it her “Mexigang” ☺️☺️☺️
husband speaking - An American perspective - the condo's are too tall, takes forever to take the elevator
down once the condo is full. I don't really trust the construction, it may be equal to the U.S. but I'm not convinced.
Plus I think I could only afford a unit in the first 3 or 4 floors. Another also, too many people, I do not function well
in such crowded areas. I have grown up with lots of room, our home in Lapu Lapu so far has no immediate neighbors
and we have been here 12 years. Our home in the U.S. is on a 12,000 sq ft. lot, green belt in back and our neighbors are
16' apart, homes are that is. We are too old for crowds, that is for the younger life style. ( side comment, did you see Colt's
latest story a few days ago? It was so excellent but they did not allow comments so I could not tell him how well he did.
So much information and his set up in his room is really something to see. So nice.😄
I hear ya.
This world gone crazy with those apartment prizes. Seriously if I got given 75% discount I probably still would not pay for a condo nor apartment. It's a deadset investment equivalent to a depreciating brand new car. It'll be worrhless in 20 years..Grab a land people
You got me thinking🧐
I believe the developer would still make money even giving a 75% discount due to large markup on these units. I worked new home construction for a number of year in FL and my builders markup was about 18%. This would be after he paid the agents a total of 6% commission so real mark up was 24%. I agree with these condos being like buying a new car with deprecation after a number if years if building maintenance is poor. Some buildings are built and maintained better than others.
@@samquinn6427 100% right. I have few investments here in Australia. The money is in the land size and location period. All the rest is materials. I have property worth $850,000 AUD but insurance is only for $250k meaning in the event it burns down and knock on wood, it will be fully restored to new condition. Meaning, condos,apartments worth is just the building materials and no way what was displayed anywhere near its asking price. It is marked up heavily by middle man, advertising and everyone making huge margin. I'm sold on the location and convenience I get that but the price should be at most 2mil plus 20% markup not 40mil..loll
If the condo 24M and and the rental market is 75k a Month.Its take 20years plus before you get your money or investment of the TCP of That property..
Ok. Is that good? Bad? What’s the average ROI in such a place?
The price range provided pertains to a bare unit po 😊 However, if the Property is fully furnished the price can be adjusted. Ma’am If you are looking for another investment I am delighted to assist you 🙂🙏🏻
@@jellymadrigal5879 Hello Jelly, if you're in the market for a condominium, I'd be delighted to assist you in your search. My contact details is in the description.
@@jellymadrigal5879 Hello Jelly, if you're in the market for a condominium, I'd be delighted to assist you in your search. My contact details is in the description.
You will not net 75K per month and dont forget what you are buying is bare concrete box that you will first have to finish out prior to renting. Lastly talk to someone who has owned a condo in Manila and tried to sell it. You will never sell it unless you are willing to accept 30% - 40% less that what you paid. Not an investment, more of a nightmare.
Target year of completion for subway is 2028, but can be operational in 2027 for the half of the completed project, now it is already in 40% according to DOTr and they just only started more than a year ago....
This is great info! I didn’t realize it’s already 40% completed.
Thank you Ocampo Fam for showing us Capitol Commons, I've been there thrice already and I have the similar impression that they are trying to have the BGC vibe. I love seeing condo tours, now I have idea how much is to buy a condo in capitol commons. Maybe you can also check the Greenfield District that is near that area and there are condos and offices around like they also have their own world there.
I agree its the central of Metro Manila and the smaller BGC. BGC is the higher end place to live now in the Metro.
Omg mom's duty saw you with a book by Ambeth Ocampo the great Filipino author, story teller, epic writer. Try buying his books it is so worth it. Proud to be Pinoy 🇵🇭📚📚📚
I have a property in BGC, and I am fully satisfied. We bought it at the tail end of Covid year 2022. My View Makati Skyscraper. 1 bedroom and parking 8.5 m
You are right Mr Ocampo on the 2030... We are Filipinos...
😂 What a great episode but you should never stress yourselves out by shopping for me! I love HUGS 🤗🤗🤗 I do love the gifts, tho. Using them every day! 🙏🙏❤️❤️
You know we only want the BEST for ya Phil! Glad you liked the gifts🤪Happy Birthday buddy!🥳🎈🎈🎁🎁
LOVE IT!!!! HUGS!!!!!!!
P75,000 rental isn't cheap at all for some of us who live in the province.🤣 A 120 SQM rental house in the province ranges around P15, 000 to P20,000 a month.
Can’t compare the province to the city. Totally different. Apples to oranges.
Great comparison though in terms of prices.
So true.
You are correct of course and 99% of those who live in the cities also cannot afford the rent amounts quoted.
I like Capitol Commons area. Good schools, good neighborhoods, and an arena where VB and BB local and international tournaments where being held is near the area. :)
❤
Indonesian vehicles reviews was so competitive. They push it to the limit of the car from actual 7 seater passengers hill climb. Sound proof test, rain test. With or without acceleration with full seven passengers. Kahit hindi ko maintindihan napaka conpetive auto reviews nila.
Oh wow
OMG!!!! We live beside Capitol Commons (San Antonio Village) sayang we missed seeing you guys! But glad you enjoyed the area. It’s our go to place 🙂 See you around soon guys! ❤
Also so nice you also get the opinions of the kids 😊
FUN FACT: I was one of the nurses there during the construction of these buildings in Capitol Commons. Missin that place so bad
Wow! You are part of history my friend🙌We really enjoyed the energy here. Great community!
I prefer a nice farm lot... instead of condo.. well to each his own
Well said… to each their own🙌
I hope you bought the book by Ambeth Ocampo. He is a noted historian, writer, columnist and academic in the Philippines. Not sure if he's a Kapampangan.
We sure did!👏🇵🇭
Hello mom duty, I live in the area, it’s called Kapitolyo. Just across the bridge from BGC. It is a vibrant and hip region and used to be famous for some unique restaurants. Food capital of Manila back in the days :)
I used to live in BGC for over a decade and moved out, I felt the place has been heavily gentrified hahaha but I still run and go to Gym in BGC. 5mins ride really
Hope you guys can explore Kapitolyo too :)
We just learned about the name Kapitolyo. We weren’t sure what area that referred to so thank you for chiming in and explaining. I can’t believe how close it is to BGC. The bridge connects both! So crazy.
Would love to! Now Capital Commons in considered to be inside Kapitolyo right?
Your kids are growing up fast; they already think like adults. My condo is in Greenfield Mandaluyong, 5 minutes from there (Seattle represent).
That’s the reason why people starts putting their Christmas light on December only now adays. Back then we start everything decorating etc on September but since electricity keeps going up we can’t do it anymore 😢
Pasig used to be the capital of Rizal province. Then Pasig was annexed to from Metro Manila. So the old capitol is there. They moved the capitol to Antipolo, the new capital of Rizal. So they re-developed that and called it Capitol Commons...
The good - nice video and love that you let your kids talk. The bad - 36M - 40M for a 2-bedroom condo (don't forget you still pay building management fees on top of mortgage) - this is Sydney-level price. Actually - more expensive than some areas in Sydney.
Thanks for the positive feedback. Appreciate it so much!☺️
Ouch. The 2 bed is almost 2x the price of my Makati condo in 2016 and the 1 bed is $120k USD more than my Uptown condo purchased the end of 2021. The Uptown Arts July 2022 was 34M PHP 40th Fl. But yes, the Uptown condo's are without parking.
It’s not about you. 😅
@@jellymadrigal5879 The point is, the price seems exceptionally high. You can buy in Uptown BGC for those prices.
The current price for that area is about right, around 310K pesos per sq meter assuming the parking spaces are 1.5 million pesos each. I bought a luxury condo in Ortigas in 2017 at 171K psm and a new luxury tower that's under construction down the street is priced at 385K psm. My first luxury condo in Ortigas in 2012 was only 96K psm.
I've been looking at this one -- online says sold out. But just FYI to others, it takes about 15-35 minutes to get to BGC depending on traffic... It's great, but that might be a deal breaker to some.
I like the city life and the best in M.Manila is Alabang.If you like to live in a city Alabang is the place.
We’ve only been there once. Definitely have to go back to Alabang and explore that area. People have been mentioning it since we got here.
Whenever i visit my family in the Philippines, we stay in Pasig! Actually just came back from there 2 weeks ago 😂. Enjoying all the familiar places. SM MEGAMALL was my childhood!
Ahhh I bet you like going back to visit. So many memories!🥹
Yoy guys are great when me and my wife started we stayed at solemar 12k month i saw the expansion and soon the boom chinese move in that same pace is 45k and its a dump i live in seattle but have a car there no parking so we decided to go to province and got a beach house 4bdrm 2 bath 166 month with a garauge however its a 4hr drive to get anything, i just bisit 4 to 6 months a yr
Congrats that you got a beach house! Sounds beautiful 🤩
165K! Was it that a few months ago that you made 100K. I think by March 200K already. Congrats guys!
Amazing kids … at their age , they are already business minded !!! Excellent upbringings Mom Duty & Dad !!! Way to go OCAMPO !!! 😍🥰👍 Moreower to you guys …!!! ❤️❤️❤️
Thank you, thank you, thank you!!! We really enjoy the kids coming with us to be a part of every vlog, especially when it has to do with business. It’s such great knowledge for them👌
Whatttt!??? For $600K omg. Sounds like home prices in this area is astronomical.
😢
NCR Condos are the one of the biggest rackets on the planet. Terrible investments and the developers are preying on the naive and sadly a fair number of OFW's. Did they show you an "as delivered unit". $400,000 - $600,000 for a bare concrete box that you will never be able to resell and good luck finding a local resident who can afford renting a unit. Most medical doctors in Manila gross less than P100,000 per month.
This condo is not for average Filipino. There's no way the majority of us won't afford it. I'm not an expert to see the future, but for now, I feel it's way overpriced. I'd rather buy land outside of Metro Manila and build a 😢beautiful house for $600,000 USD. Even if you rent it out for 100,000 php for a month, it's still over 25 years before you recover your investment. By then this condo are old and rubbish..
I hope you can collab with wil dasovich, im a fan. Btw, i think jako is wil's manager and did you know jako is the son of the legendary joey de leon, the creator of eat bulaga
best place for me for the family is forbes park makati and dasmarinas village makati i am work last year for that village
I get it if you like the city life spending 40m for a two bedroom condo. Add another 12k a month for association dues plus monthly living expenses. Some would probably spend that money building a 400sqm good quality home outside the city.
by the price you can already purchase a family house inan exclusive subdivision. its not practical. sorry but you can have this bgc vibes, there a lot exclusive subdivision around the bgc than spent 30 to 50 million. omg cabalen here... oh well at the end of the day, it is your money, but for a ordinary filipino having that kind amount of money, we will definitely spent it wisely and practical, the kid was right, its not practical.
Appreciate your opinion👍👌
@@MomDuty apology for my english, 😜😜 im trying my best.
You could also get Phil a cocktail shaker set that he can use when in BGC.
Good present for someone who has everything is a table for 4 all paid for in an expensive restaurant in Manila.
Jacko is Will’s manager, right?? Yay. New vlog. :)
A single detach house in suburban Metro Manila provides more exclusivity, fresh air and respite from the noise and bustle of the city. For the exorbitant prices of the condos, I would rater put my investments in houses. Just my thoughts.. 😊
Good point. Can you suggest a subdivision that offers that? What would the size of the house and lot be?
Hello Rocio, Nelvine, Knox and Nia hope you guys are doing well there in the PI. My name is Manny AKA Dadcation, you met my son Jay AKA Jaycation there at Estancia during Jako's influencer meetup. I've been following you guys since you moved in Manila and enjoyed your vlogs. Hopefully you guys can collab with Jay one of these days since he'll be there for another month. You guys stay safe and looking forward to your next vlog.
I love your YT name!!! Dadcation! So cool! Ahhh we love your son! Jay Jay is super nice. We chatted for a bit and he got my whole family inspired, even our kambal. Yup. Working on a collab soon👏It’s all very exciting!
@@MomDuty Thanks for liking my YT name, my channel is still under construction and will be posting as soon as I get my new laptop and camera. Your family is so much fun and Nelvine is a very nice guy. Knox and Nia cracks me up and reminds me of my nieces and nephews. Hope to meet you guys someday and be safe and God bless
I love to have farm resort in Tagaytay or nearest town where the climate is cooler than reside in an expensive condo in Metro Manila.
I ❤️these two kids , they’re are so SMART & very KNOWLEDGEABLE … !!! OCAMPO KASI EH …!!! ( joke ) he he he 😍🥰❤️👍 God Bless you guys …. Keep it SAFE always !!! 😘😘😘
You are so nice! Thank you for the sweet words. Will definitely show them your comment. Hey, we have the same last name po!🫶🫶🫶🫶🫶🫶
@@MomDuty You’re WELCOME … !!! 🙏😍🥰❤️🫰🏻🫰🏻🫰🏻
Living in Pinas while young & healthy is fine but not for seniors. Healthcare in Pinas is poor. Medical knowledge & medical technology is behind even if you go to St.Luke & other high end hospitals.. Hardly any health insurance will cover you above 65 yrs old. Some do but for aged 70 yrs old, you'll pay $600 a month per person with limited coverage. As you age, the cost goes up. You can self insure if you have millions in the bank but you're not getting the best care cuz of medical knowledge, tools & lack of newly life saving medications to buy.
It's a good investment indeed! Hope to see you soon Momduty!
Keep safe and make videos often... been waiting for next video🤩🥰
Thank you my friend! There’s definitely more to come!👏👏👏
BGC is okay, if you love being in the City!
But i think it's more worth to buy a place in a province since it's cheaper and cleaner.
I wish Bro your Wife can Speak Tagalog. It's Nice if your in the Philippines you can Speak our Language....!!!!!!!!!!
That makes two of us. I’ve been taking Tagalog lessons for 10 weeks now and although I’ve learned SO MUCH I still can’t hold a convo🙈
hi sir and mam just wanna ask what kind of mic are u guys using in vlogging ? hope ull gonna reply on my question. thank u
I saw you in estancia while getting shake! Was supposed to ask for a photo but got shy :))
That is my favorite place to hang out nowadays. Particularly The Estancia Mall because the BIR (Bureau of Internal Revenue) has a branch there and I am very occupied these days by fixing my taxes.
I live near there. I live in Corinthian Gardens Quezon City.
So cool! Now I get to see part of your neighborhood aka your “hood.” Estancia Mall is my new fav mall to hangout at. Great stores and lots of books to just hangout. Love the restaurant and coffee choices too👌
Nice apartment sir/ma'am Ocampo and your cute 2kids I am very happy to waiting and watching your vlog again it's a huges condo but very expensive for me .or its a beautiful,
Thank you so much for watching!! You’re the best!!!🥰🤗
I like the mall
No customer
No people
So no long line
I love watching your vlogs, the vibe is always positive, such a dream family. Hope you have a daily vlog :)
Awww thank you😭I wish we could do a daily vlog too. We’d need to hire a few people for that🤪
Capitol Commons is near and 10min walk to reach Ortigas City.
Nice condo’s 👍🏽👍🏽👍🏽
I probably would have gotten Phil a cool bar set and a mixologist book. 😊
I'm with Knox & Nia, you cannot compare Pasig to BGC, just my thoughts.
Interesting video @momduty❤ I'm biased too, live in BGC😅
Haha. Kids are so honest, right? They couldn’t compare both cities. I don’t think we’d move out of BGC this year.
I love your videos 🎉❤ keep up the good work 👍
🫶🫶🫶
I think I saw something on ABC where Phil said they needed a blender to make smoothies
Haha. Thanks for the heads up. Yes, I think they’ve been getting a lot of things for their new condo. I’ll have to check in with him and see if he already got one👍
Wow so much privileged people in the comment section. Even the kids have the nerve to talk about buying 30 million just for investment as if it's nothing and easily earned. All these made me inspired to leave the Philippines just so that I could earn dollars and feel entitled to confidently say, "wow that is cheap". Even salaried professionals in the higher income bracket in Manila would have a hard time affording 100k monthly amortization.
As always, high quality vlog...kudos!
Thank you so so so much for the positive feedback!🇵🇭💕
Does Phil like SF stories? the ERB Mars series is one of the best. Start out with John Carter of Mars. If you saw the
Disney movie that was a total failure of the story, you can't compare that to the book. Of course could you find it in a
country that probably never heard of ERB. They might think it was a new housing area. 🤔
The accent is on the first syllable when you say “Pasig.”
PAH-sig.
Hi family Ocampo Great keep it up more more new updating blogging, I will suffor your family I'm your avid fans ❤
Thank you so much🙏Appreciate your time and love!❤️
The guy pulling his Wedgie at 1:38 had me cackling 😂
Oh my gosh, I didn’t even notice 🙈🙈
You should get him The bully husband book by Nico Bolsico
Ay grabe !! This place is literally less than a thousand steps from where me and @northerGilights live 😅
No way! So is where you live also considered Kapitolyo?
@@MomDuty we live in San Antonio, literally the Village beside Estancia Mall 🙂 so basically estancia mall then the subway station being built then our village 🤣
Hi Momduty. Can you also visit a condo likewise located in Pasig, Acacia Escalades. It's a unique type of condo and worth investing. I have 3 units there and am planning to dispose the other 2. For 2 BR unit, it's less than 10M fully furnished. Thank you.
It's looks really nice to live in a luxury condo. The problem is that after a few years, it looks delapidated already. Is it because of the weather or lack of maintenance?
I don’t think so.. a lot of high rises its still looks new and same they normally have Good maintenance of the Building.
Just don’t buy from SMDC or DMCI.or Megaworld.
Am asking because it looks like your budget is rather high two kids two adults a dog that can only live in Aircon aslo i know your food budget is high for four persons pkus you guys fo lots of traveling so i am only curious as to your budget
400k-600k?! Buy a house in Manila lol
True🤔
Enjoy your vacation with your family Abe try visit Pampanga also alot different before
We will! We’re heading back to Pampanga next week again👏👏👏
Learning much from u guys... thank u..
$393,000 USD for 1 bedroom???
nice condo tour
Love watching your vlogs ❤ Hello from Holland 🥰
Beautiful family! ❤
Love your videos. I have one question. Where can I get that bag that you have on. Thanks
Go here in Eastwood it's much cheaper here.
that book by ambeth ocampo,... I have serious questions about his independence and credibility as a historian. So double and triple check everything he says. The danger is disinformation are mixed with accurate information so you can easily be misled
Wow amazing
I noticed from watching most of ABC videos, uncle Phil always wear Hollister clothings. If you don't mind gifting him gift cards, maybe can give him Hollister gift cards.. as part of your 🎁... just an idea 😋
So how much you spend a month is over 25hundred USD a month for everything
I see a serious market crash coming! The math isn’t mathing! The rental prices far exceed the monthly incomes of Filipinos. Those monthly rents neutralize the economic advantages that entice foreigners to move to the Philippines. Large segments of select foreign expats ( Chinese & Koreans) will soon struggle under the effects of real estate collapse in their home countries which will diminish their buying power abroad. So at some very near point in time this overheated real estate market will run out of both able buyers and willing renters! No amount of UA-cam vlogger /influencer window dressing can cover up this situation!