27/05/2023
City Clou Construction Update ๐๐๐
๐ ๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐๐ฌ ๐จ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐ฉ๐ซ๐๐ฌ๐๐ฅ๐ฅ๐ข๐ง๐ ๐๐จ๐ง๐๐จ๐ฆ๐ข๐ง๐ข๐ฎ๐ฆ๐ฌ? ๐๐
1. ๐๐ญ ๐จ๐๐๐๐ซ๐ฌ ๐ฅ๐จ๐ฐ๐๐ซ ๐ซ๐๐ญ๐๐ฌ
Because the building has yet to be completed and no physical units are available, pre-selling properties are sold at an introductory price of 30% to 50% off compared to a ready-for-occupancy (RFO) unit.
With pre-selling properties, you can buy low and sell them high in the future to generate maximum profit. So if youโre thinking about when to invest in a condo unit for the best price, the answer is during its pre-selling period.
2. ๐๐จ๐ฎ ๐ก๐๐ฏ๐ ๐ฆ๐จ๐ซ๐ ๐ฎ๐ง๐ข๐ญ๐ฌ ๐ญ๐จ ๐๐ก๐จ๐จ๐ฌ๐ ๐๐ซ๐จ๐ฆ
Purchasing a condo unit with the absence of physical units gives buyers the privilege to select their ideal unit location. You can choose the floor you desire and the unit that faces the direction you preferโessentially, you get first dibs on the best units available.
For example, being one of the first owners lets you choose a unit on the topmost floor or near the swimming pool so you can enjoy premium amenities. For those who are into Feng Shui, you have the opportunity to put your money on a unit that faces the most auspicious direction.
3. ๐๐ญโ๐ฌ ๐ ๐ฌ๐ญ๐๐๐๐ฒ ๐ฌ๐ญ๐ซ๐๐๐ฆ ๐จ๐ ๐ข๐ง๐๐จ๐ฆ๐
If your goal is for the property to earn passive income over the years, a condo unit can give a steady source of income once construction is finished. Buyers can make money by renting out the property. When you manage to choose a good unit in a prime location of the building during the pre-selling stage, future tenants will be lining up for the listing.
4. ๐๐ก๐๐ซ๐ ๐๐ซ๐ ๐๐ฅ๐๐ฑ๐ข๐๐ฅ๐ ๐ฉ๐๐ฒ๐ฆ๐๐ง๐ญ ๐จ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ
Apart from its affordable cut-rate price, property developers also provide flexible payment options and reduced down payment costs for pre-selling units as a way to further attract potential buyers. Pre-selling condos typically offer more generous payment schemes, so itโs easier for investors to meet the monthly requirements.
Itโs a win-win offer for buyers and the developerโthis allows the developer to get more funding to complete the construction. In addition, buyers can purchase suitable units at an excellent price and pay them the easy way.
5. ๐๐จ๐ฎ ๐๐๐ง ๐ฌ๐๐ ๐ฌ๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐๐๐ ๐๐ฌ ๐ญ๐ก๐ ๐ฎ๐ง๐ข๐ญ ๐ ๐๐ญ๐ฌ ๐ญ๐ฎ๐ซ๐ง๐๐ ๐จ๐ฏ๐๐ซ
Pre-selling properties increase in value year after year. For example, letโs say you bought a pre-selling condo in a strategic location at Php 5 million within the first quarter of the year. By the next quarter, the units are set to see a price increase by 10%. This means you can generate large profits by the time the building is completed and the RFO units are sold at a much higher price.
As a buyer or investor, itโs essential to consider the propertyโs location as it will determine your return on investment. Getting a pre-selling unit in or around central business districts, educational institutions, commercial establishments, and other prime locations is your best bet for quick and high profits.
6. ๐๐๐ญ๐๐ซ ๐ญ๐ก๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐, ๐ฒ๐จ๐ฎ ๐๐๐ง ๐๐จ๐ซ๐ ๐๐ญ ๐๐๐จ๐ฎ๐ญ ๐ข๐ญ
Since the project will take more time to complete, you donโt have to worry about moving into the unit or furnishing it. Once you buy and sign the contract, all you have to do for the meantime is be conscious of your monthly paymentsโyou donโt have to think about furniture shopping, styling and decorating, or anything else.
Moreover, this gives you ample time to save up for furniture pieces and interior design that you envision for the unit.
