yup~ I mean 6 million for a 21 square meter condo? 😵💫
@ramonella571810 ай бұрын
@@NicsMP target market nila kase ung mga foreigner na malaki ang kita, pero affected tayong mga normal na filipino kase wala tayong matirhan
@MrAverageViewer11 ай бұрын
Be cautious of individuals who only present the optimistic side, without a sober assessment of the negatives. NOTICE: Most of the discussion was very opinion-based, absent of intensive metrics to validate the claims.
@chuck_dane9 ай бұрын
Im 34 in the corporate world in a management position and i could not afford housing!!! 😢
@user-zs9ek1bx5z7 ай бұрын
The Philippines being "closer" to the USA and to many western countries; in addition, to the Filipinos who strongly abide to western and democratic ideas, and live on both asian and western lifestyle - the Philippines is a gateway for the east and for the west..
@BlackAmericanHomeland Жыл бұрын
Philippines dependent on foreign buyers in real-estate, the local Filipino is totally priced out of the market.
@albertteng1191 Жыл бұрын
your opinion is based on what? If you have been to a condo bldg, majority are owned locally
@cebamy Жыл бұрын
@@albertteng1191, what demographics of the population are able to purchase these properties? What percentage of the Filipino population are homeowners?
@alexisvladimir814810 ай бұрын
@@cebamyyou can look for official government statistics or corporate statistics, just research for it, majority of the buyers are ofws including seamen and seawomen.
@XennialGuy10 ай бұрын
@@albertteng1191 What do you need man? Filipinos don't make the type of money to be able to afford all of these condos in Manila. You have to have a take-home pay of P180K per month to afford a mortgage on a P10M 1 bedroom condo. There are not enough wealthy Filipinos to buy up all these condos, and quite frankly they are sitting unoccupied. Those that are in that are local that are in these condos were likely there already and bought it before the price hikes. The Philippines is in a real estate bubble, not too different than the Chinese real estate bubble. It's all going to burst, and foreign investors are not going to be there to pull them out.
@RealYaniYT10 ай бұрын
@@XennialGuy sorry my friend but if you are really in real estate you would know. A lot of filipinos have money. Majority of the condo units are owned by ph citizens.
@gargar8 Жыл бұрын
An overly optimistic outlook. if the middle-class purchasing power cannot cope with the increase prices of condomunum units , you will see a supply glut of properties ,sending prices down .As for hotels ,I am curious if the fully booked hotels are situated in the Philippines, considering that the number of arrivals in 2023 is projected to be only half of the arrivals in 2019.
@Vic-xk2ic Жыл бұрын
Prices per sqm is almost comparable to the more developed high income countries. His face shows that the price is too high and that a bubble is forming. Housing should be for the locals first than foreigners. Too many condos in Makati and BGC that are for rent but no takers. Price correction will be coming soon.
@michaeljunior1445 Жыл бұрын
I think the law of supply and demand will not apply to the real estate market.
@heor6327 Жыл бұрын
Check whats happening to China’s real estate market right now. Price correction will come but I doubt it’ll be soon
@undulatus2 Жыл бұрын
@@heor6327philippines is a fast growing young population metro manila is extremely small smaller than singapore. Prices in metro manila new developments will not go down at all. Secondary market could correct a little though
@vincentsalvadorlatosa507711 ай бұрын
@@michaeljunior1445False, law of supply and demand is still applicable in real estate.
@XennialGuy10 ай бұрын
There are not enough wealthy Filipinos to afford the prices of the real estate. And now foreign investors are running out of cash. The market is about to tank!
@cebamy Жыл бұрын
Can you please discuss about the single family real estate in the Philippines? Is it affordable for how many percent of the Filipino citizenry?
@rohanzec Жыл бұрын
Budol maxado mga property developer, inflated maxado ang presyuhan. not even an ordinary worker can afford unless your an OFW. even the OFWs are struggling.
@AndersGetherSoerensen Жыл бұрын
800000 pesos per m2!!! Manila is well on its way to becoming a city for the wealthy. Ordinary people are on their way out of town. Just like in many other big cities around the world.
@youtubetroll6620 Жыл бұрын
yea that's true, but the squatters and addicts will remain....haha oh and the rats and roaches will mutate.
@XennialGuy Жыл бұрын
@@youtubetroll6620they already have. They are called politicians.
@undulatus2 Жыл бұрын
Philippines is a fast growing young population metro manila is extremely small smaller than singapore. Prices in metro manila new developments will not go down at all. Secondary market could correct a little though.
@johnreton6969 ай бұрын
Manila the ugly duckling city of Asia now having housing bubble😂
@sabrinawanderer7560 Жыл бұрын
Even foreigners will not live in your condo...
@youtubetroll6620 Жыл бұрын
lol, this guy is boang, if he thinks people will purchase property at those high price. saving money is the new normal....
@sabrinawanderer7560 Жыл бұрын
800k for a tiny space... Bad business.. No one's going to pay that much except for the few privileged and those corrupt ehem 😅
@emmanuelmangahis41419 ай бұрын
It's just a bubble waiting to burst
@djpalakanta58148 ай бұрын
Real estate ng building office to sa mga uupa 😂😂😂
@j.r.6517 Жыл бұрын
Taiwanese should own a second home in Phillipines. This is the right time.