The P64M 4 bedroom penthouse condo is HUGE! It's really nice. 😱👍

You're like a celebrity now Mergim many people know you esp in the BGC area...Congrats dude..

Appreciate the nice presentation (Ad) Mergim. I might get a lot of heat for the below.. but been navigating the PH real estate market for a decade and learned a few things (also the hard way). 1. Association dues for luxury items like this are high and rising (nothing you can do about it once bought). This adds considerable to monthly costs. 2. You will pay the Real Property Taxes under RTO. There is a lot of talk in government about raising "assessed values" for that computation so expect taxes to go up significantly in the future. 3. When your balloon payment is due, your monthly will rise sharply, just look at current interest rates and compute what it would cost. You need serious income for a bank loan. In house financing etc is usually prohibitively expensive. 4 Rent to own usually has an imbedded/implicit interest rate.. i.e RTO is more expensive than outright cash buy. Today the narrative is probably that they don't charge a premium but the truth is that they charge you a peak price from 2019 (although the market value on secondary is much lower). Think of it.. PH equities are 25% below peak, bonds yields are massively higher, Bank loans are much higher, etc.. no way these units are worth the same... never seen a developer cut prices because it breaks the narrative of "prices only go up".. 5. The reason why these units are available "new" in RTO.. is because they didn't sell in pre-selling. Now they try to make a v expensive price more affordable through low early payments you think you can afford.. then trap you (see next point). 6. IF you can no longer pay, cannot get the balloon financing etc.. you can write off your accumulated equity to a large extend (if not all). The RTO contracts are very much in the favour of the developer. If money is not an issue and you are looking for a great place to live, these units are great. If you are a touch more savvy look elsewhere in property. The yield on units like these - after taxes, broker, assoc dues, furnishing, repairs - is probably lower than simply leaving the money at the bank in a money market fund. The primary market is not a market because price discovery is entirely driven by the developer setting the price and hence it is very misplaced for the economic situation in PH, the interest rate level, falling PHP, and the yield that boring "risk free" gov bonds give you. Just my 2cents

Yes! Road to 100k silver button...No skipping of ads like subscribe comment and share...FAM(pinoy Friends who Adopted Mergim) here...

Wow Mergim thank you for the condo tour there in Uptown. You can be a spokesperson for Megaworld!!

Thank you Mergim for the lovely tour and information. Cheers!

Shheeeesh!!! The first condo at @ 23 mil P. Definitely UPTOWN! $6k/sq meter!!! Alright, that's going to push my retirement later a couple of years while I save up. 😅

i enjoy watching your daily blogs iam addicted already

Craziness!! Why can’t they have a better closet wardrobes? Also idk why all the bathroom sinks have no cabinets to put your toiletries n towels and the half ass glass shower doors?! They can’t even install proper things for condos worth over 23 to 60+ millions.

Love Mergim vlogs watching from the US

OMG 🥰i want that 2 bedroom! I hope it will be still there once i go for my holiday next year.

.........Mergim for Mayor of BGC!......... :D

Thanks for doing these kinds of vlogs. I've been working in BGC for 5 years already and didn't know much about this type/kind of condos. Would you mind checking out the other side of BGC as there's a lot of condos there as well which are near High Street. I'm pretty eager to view condos from that side of BGC.

Good morning mergim nice and interesting content always.God bless you.

Everytime you this background music, all I can think of is the Trash Taste Podcast intro song

So informative , thank you so much

Nice video. We already own in Uptown Parksuites. It was the right level of luxury for us - neither top end like Hyatt nor bottom. We are looking forward to moving in when we relocate.

another amazing video!

Hope to see you in Baguio, Mergim. Have a nice day always!!! 😊👍

Looks like Korea and Japan 🇯🇵 also Chaina Great skyline

Love the condo tours

really love ur content

Awesome 👏

Hiya dude!🤙🏻

You look good together with Ms. Juvy hopefully you and her have mutual feelings in future

_So gorgeous._ I'm texting my sister a link to this video now. Wow.

Go for ayalaland premier or Rockwell if you are looking for a luxury properties.

I used to rent a studio unit in mactan Newtown by megaworld here in lapulapu Cebu. I like the studio lay-out. The height from floor to ceiling is quite high compared to others. It's a European-asian inspired condo. What I'm surprised is the quality. They don't have Water proofing! The ceiling moist. Their grease trap is such a mess. The condo dues is quiet high considering nothing special with their amenities..just like the normal amenities u can see from the other developers. They are expensive because it's from megaworld..but the quality? Poor!

Beautiful unit🏆🏆🏆

The first condo you showed in uptown has a great sized kitchen, great flooring and bathroom. Pity they only put in a 2 stove hob 😂 and cheap looking wardrobes. For the price being charged I am would expect a bit more thought about these finishing touches lol

Nice info.

That music you used for your first part. Its used ALOT by a podcast called Trash Taste and its like... so wierd to hear it else where haha. its like its "their" song in my mind.

23 million pesos? What the heck? I can get a similiar sized condo for less than that in a developed country including my own (Canada). I don’t know who would buy this except someone with too much money.

Thank you for showcasing Megaworld Projects, I’m a IPA international Property Ambassador for Megaworld International, base in Southern California for 13 years now. And have several real estate investment in the Philippines. #IAmMgaworldAbePagtama

Good info

😍😍😍

Nice Condo

❤

I just can't. Too small. Can't fit my wardrobe in that tiny closet. That closet is not even enough for my shoes and bags. Guess I can get a bigger condo, but that would be impractically and illogically expensive. Love BGC but living there will not work for me. They make their condos sooooo small in the Philippines. Similar to HongKong. Not good.

Amazing city! Im excited to visit february. Hope to meet u. Pls text me where to stay in bgc for 5 days rent

Better if you can get license for real estate because you can explain Better and have knowledge of BGC area. Another source of free income .

Master realtor now Mergim.

Everywhere in BGC knows you na! 😊

You should be an ambassador of pickup coffee lol!

😘

How is it I got an ad of SMDC before watching your video? Hehe. Also, I was there yesterday at that exact Pickup Coffee branch!!!

Hello good morning!🌄😊

I love BGC

23M pesos you can now have 2 story house with a swimming pool and probably a great nice car 😉

Do you have a video which shows the rent to own process?

Loyal customer of pickup coffee 😁

Nice video showing condos in BGC 😍

☺️

yeah by where are the bathtubs

Megaworld condos are the best

nice thumbnail

Why are the pools always empty.....

Anybody know how much are real estate taxes and condo association dues for a typical Uptown 2 bedroom?

It looks like you are now into real estate business too, aren't you?

Carpark included?

I'll probably spend my money in a condo in Spain just like Bea Alonzo did for this price i can get Golden Residnce visa haha.

How do i contact ur lady agent we are very interested on the penthouse.😊

Mergim is pop...ular..now n bgc

Condo Living? No, thank you! Plus 23 to 27 Million PHP, or $450,000 a unit! 🤮🤮🤮🤮

How are you able to leave and come back to pilipinas so easily? Tourist visa or working visa? Do you have to buy an outbound ticket every time you come back in?

You paying for the view ,but its still expensive for the price 23ml

W

Why not just rent

I don’t know why all the apartment layouts are so ugly. They need new interior designers or architects

parking?

Hi Mergim, for a change explore Manila Zoo, the most beautiful and modern Architectural designs in the world with Botanical and Butterfly gardens.

We don't call them "Maid" anymore, we call them "Helpers" in tagalog, Kasambahay :)

I have a great rent to own condo in tower two

I'm staying in the parksuites over looking the pool and uptown mall, it's a pretty nice building. I'm surprised at the prices, I was expecting they would start a little over 10 million pesos haha

I get all not so good comments from buying condos that it gets run down after few years of use. Maintenance goes down the drain.

Mergim, what is your honest opinion about the prices of these Condominiums in BGC? I am not sure if you are getting paid to showcase these, so you do have to say nice things... but seriously is it worth it? Or is it a rip off compared to what else you can get in the Philippines? Would you, yourself pay for a condominium at these prices?

how much are all the units ?

Do you know that you sell better than most of the brokers. If I win the lottery I will get you as my broker hahaha

Can you get a small bathroom size rent own that can fit a sleeping bag, a blanket, a place to do the three S's (shower, shit and shave), and to relax in my tiny sleeping bed, staring at the lavish ceiling, and smooth luxurious white wall with luxury fixtures. Just like a 6x6 foot cell in a U.S. prison cell. What's the price for something like that? 👍

Rent to own🥸👍👍👍💙🇵🇭🇵🇭🇵🇭

Hi would you mind to send the contact details or email of this condo? Thanks Mergin.

Baguio and Sagada Please or in Ilocos

I wonder if buying a condo in the Philippines is still an opportunity as an investment if you’re in a rental business…what do you guys think?

There's more to explore in the Philippines than just BGC. Just so you know sir 😊

Manila overpriced and the quality is not that great, keeping it real

@ 1:08 ".....put'n on 🎶 the ritz" P.S.,...heard from the grapevine, all the cool kids live in that area! 🌆🌉🌃

You need to start seeing real luxury condo. Everyone in the market know megaworld is not a real luxury developer lol poor design, low quality materials and horrible layout. Tour condos the likes of”the suites”, “horizon homes” which are the real luxury condos in bgc

Bat ganyan ung agent, mukhang buset at badtrip palagi lol

Ask the Chinese regarding 'cashless' and they will say "don't do it. they are control you"

..........BGC Barangay Chairman Mergim..........