Demand for condominium properties in the Philippines has been stable since the early 2000s, thanks to overseas Filipinos, who funnel their hard-earned money abroad into real estate investments. Whether it’s a three-bedroom condo in Ortigas Center or a studio unit in Makati, the idea of high-rise living has been attractive from them, either as an investment or for personal use. Property developers have responded by offering different realty services on an international scale, including Rockwell Land.
Some of the business development strategies include marketing campaigns aired on cable television. Sales representatives even fly to the U.S., which shows the importance of connecting with target clients personally. Other advertising initiatives involve a regional sales office for easier coordination with clients. This approach is hitting two birds with one stone, as the Philippine real estate sector not only serves as one of the good investment choices for overseas Filipinos but also among Americans who want to expand their property portfolio and include assets from abroad.
Top Investment Market
A study ranked the country as the top destination based on the projected return on investment from rental properties. A 1,292-square-foot house has the potential to provide a 6.13% yield from a monthly rent of $2,422. The rental income tax is also considerably low at 4.06%. GOBankingRates based the outcome of its study on three metrics that comprised the average cost of rent, rental income taxes, and the average investment return. With the pace of demand for rental properties among expatriates, the condominium market in the Philippines would unlikely slow down anytime soon.
An investment in a condominium unit requires careful planning, so take your time in choosing the right kind of development. If you’re particular about the location, consider buying a unit within Ortigas Center since it’s near other central business districts in Makati and Quezon City.