What is The Ideal Size of an Investment Condo?

Wazzup Pilipinas!

In condo investing, size does matter. But whether to go smaller or bigger is the more pressing issue. After all, how the buyer and investor plan to use the property in the medium- to long-term will help them determine the ideal size of their next condo purchase, because the condo’s size has a lot to do with its eventual profitability.

With this, global property portal Lamudi Philippines gives out advice on the ideal size of a condo property depending on the type of investment.


IF YOU BUY AND HOLD…

Go bigger

Investors who plan to purchase and hold on to the condo property in the long term are better off with bigger units: those with three bedrooms or at least 150 sqm. Although these condos are definitely more expensive than smaller ones, they offer good returns in terms of capital appreciation. In fact, according Colliers International Philippines, luxury three-bedroom condos in the three markets it monitors (Makati CBD, Bonifacio Global City, and Rockwell Center) are expected to appreciate in value by between 5.1 and 6.3 percent by the end of this year.

Where to buy them

These properties are usually found in Metro Manila’s business districts, such as the Makati CBD, Ortigas Center, Rockwell Center, and Bonifacio Global City. However, not all condos in these areas can be considered “luxury.” Smaller condos (less than 100 sqm), even those advertised as three bedrooms, cannot be considered as such and, thus, have lower resale value.

Manila Improv Festival 2015: Amazing Improv Troupes from Katipunan to Poland

 

Wazzup Pilipinas!

We recently witnessed the performances of  just some of the 19 Improv troupes that are scheduled to perform at the Philippine Educational Theater Association (PETA) theater for the Manila Improv Festival 2015.

The Manila Improv Festival is now on its 3rd year and is considered the country's biggest gathering of Improv performers from all over the world.

As publicist Toots Tolentino said, "from Katipunan (representing Philippines) to Poland (from where one of the improv groups came from)" improv artists will be showing how good they are in the art of improvisational theater - a form of theater where most or all of what is performed is created at the moment it is performed (at the spur of the moment as what most of them will say).

Improv requires greater talent from the artists as there will be no script as a guide. You need quick thinking and an elaborate stock knowledge matched with a great sense of humor in order to be able to please your audience.

You'll be laughing out "really" loud at every scene, so be warned that you'll step out of that theater almost out of breath due to non-stop improv fun. 

LRA Allows Titleholders to Access and Verify Titles Online

Wazzup Pilipinas!

Good news for property owners and buyers. The Land Registration Authority (LRA) will soon allow the public to validate the location of their titled property, inform property owners about Registry of Deeds action on their property by way of Short Messaging Service (SMS) or text message and give them the opportunity to trace their titles’ history and legitimacy through computerized information.

Within the year, the LRA will launch three additional services -- the Lot Location Service (LLS), Title Transaction Alert (TTA), and Title Trace Back (TTB) -- under the Land Titling Computerization Project (LTCP). 

LLS lets the public verify land title locations, and possible errors and inconsistencies in the Technical Description of their titles. The TTA alerts landowners via SMS whenever their titles are accessed at the Registry of Deeds. The TTB enables them to trace their title’s history and verify its legitimacy without having to go through the current rigorous processes.

Bunched together under the e-Titling Project, the LTCP provides the public with an efficient, reliable and expeditious service that also maintains a secure and accurate record of titles, including identification of fake land titles. The project was launched in 2013 but still has to be fully implemented.