Filipino Consumer Alert

May 13, 2006

Are Philippine Condominiums Good Investments ?

The answer is NO !!!

  1. prices are unreasonably high and speculative which could easily crash
  2. there are other more secure and stable financial instruments
  3. they'll say that real estate prices will go up. But the value of peso keeps going down.
  4. no standards for quality and shabby wokmanship even from supposedly reputable builders. Builders want more profit for the price.
  5. no full disclosure – builders will not fully inform you of what you're actually getting, how and when they're going to build it

Do not listen to what those condominium salespeople or realtors tell you. For the most part, they just not know any better and some are just protecting their own interest not yours.

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