27/05/2023
City Clou Construction Update 📍🎉🎉
📌 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐛𝐮𝐲𝐢𝐧𝐠 𝐩𝐫𝐞𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐜𝐨𝐧𝐝𝐨𝐦𝐢𝐧𝐢𝐮𝐦𝐬? 😍😍
1. 𝐈𝐭 𝐨𝐟𝐟𝐞𝐫𝐬 𝐥𝐨𝐰𝐞𝐫 𝐫𝐚𝐭𝐞𝐬
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 you’re thinking about when to invest in a condo unit for the best price, the answer is during its pre-selling period.
2. 𝐘𝐨𝐮 𝐡𝐚𝐯𝐞 𝐦𝐨𝐫𝐞 𝐮𝐧𝐢𝐭𝐬 𝐭𝐨 𝐜𝐡𝐨𝐨𝐬𝐞 𝐟𝐫𝐨𝐦
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 prefer—essentially, 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. 𝐈𝐭’𝐬 𝐚 𝐬𝐭𝐞𝐚𝐝𝐲 𝐬𝐭𝐫𝐞𝐚𝐦 𝐨𝐟 𝐢𝐧𝐜𝐨𝐦𝐞
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. 𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐟𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐨𝐩𝐭𝐢𝐨𝐧𝐬
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 it’s easier for investors to meet the monthly requirements.
It’s a win-win offer for buyers and the developer—this 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. 𝐘𝐨𝐮 𝐜𝐚𝐧 𝐬𝐞𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐑𝐎𝐈 𝐚𝐬 𝐭𝐡𝐞 𝐮𝐧𝐢𝐭 𝐠𝐞𝐭𝐬 𝐭𝐮𝐫𝐧𝐞𝐝 𝐨𝐯𝐞𝐫
Pre-selling properties increase in value year after year. For example, let’s 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, it’s essential to consider the property’s 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. 𝐀𝐟𝐭𝐞𝐫 𝐭𝐡𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐟𝐨𝐫𝐠𝐞𝐭 𝐚𝐛𝐨𝐮𝐭 𝐢𝐭
Since the project will take more time to complete, you don’t 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 payments—you don’t 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.
