Just to show you why buying real estate is one of the best investments that one could have in the Philippines nowadays, I have here an example.
Mr. Happy Investor is a client of Emmy - one of our Account Managers. Mr. Happy bought his 2 bedroom (77.90 sq.m.) loft-type unit at East of Galleria last July 31, 2006. That time, the TCP (total contract price) is appoximately P/4.6 M
Today, around two years and two months after he bought it, the TCP of that same unit is approximately P/6.2 M ! An increase of around P/1.6 or 36% from his old purchase price. That would mean a 16.7% increase per year - which is much higher than your time deposit interest rate. This is even higher than the average ROI from investing in the stock market (if ever you're lucky enough to have a profit). Stock market is so terrible these past months and might still plummet.
To top it all, Mr. Happy Investor didn't even pay in cash. He chose a very affordable monthly installment scheme. To date, he has paid a little over 2 million pesos. Now with an increase of 1.64 million compared to his cash out of 2 million, it's now time to do your math :)
Mr. Happy Investor is a client of Emmy - one of our Account Managers. Mr. Happy bought his 2 bedroom (77.90 sq.m.) loft-type unit at East of Galleria last July 31, 2006. That time, the TCP (total contract price) is appoximately P/4.6 M
Today, around two years and two months after he bought it, the TCP of that same unit is approximately P/6.2 M ! An increase of around P/1.6 or 36% from his old purchase price. That would mean a 16.7% increase per year - which is much higher than your time deposit interest rate. This is even higher than the average ROI from investing in the stock market (if ever you're lucky enough to have a profit). Stock market is so terrible these past months and might still plummet.
To top it all, Mr. Happy Investor didn't even pay in cash. He chose a very affordable monthly installment scheme. To date, he has paid a little over 2 million pesos. Now with an increase of 1.64 million compared to his cash out of 2 million, it's now time to do your math :)
