House or Condo is a Wise Investment – Owner’s POV
Hi, I am a proud owner of a condo unit. I bought my first condo unit last Y2012 from SMDC – Green Residences. It’s the condo beside DLSU-Manila’s Andrew Bldg. I saw it as a potential renting space for DLSU students or anyone that needs a place to stay along the University belt. Back then, it was pre-selling which is why I locked it for a total contract price of 2.7M PHP (57, 400 USD). Now (Y2016), as it reaches its turnover date, the same floor size (sqm) as mine but located at a different floor is now being sold at 3.5M PHP (74,400 USD). That’s an 800K PHP (17,000 USD) worth of interest in just a span of 4 years. I bet your bank interest can not do that.
Here are my reactions to the people who said, I made the wrong choice:
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