Ever thought about the perfect place to spend your holiday getaway? Found your dream destination but stressed about hotel and Airbnb bookings? Investing in a condominium offers an ideal solution to that dilemma.
A condominium typically can be distinguished into two types of units – pre-selling and Ready For Occupancy. Pre-selling properties are projects under development and will take some time before turning over. Most of the time, these projects are in their construction phase once a real estate investor invest in the pre-selling project and sign that pre-sale contract.
On the other hand, ready-for-occupancy, as its name suggests, are units available for turnover after purchase.
In this article, we will only discuss the advantages of pre-selling condominiums and why you should consider investing in them at the end of the year.
Why Invest In Pre-selling Condo at the End of the Year
There are still buyers who are asking themselves, “Why should I invest in a unit that won’t even be readily available”; Here are some reasons why real estate investors such as yourself should consider having a pre-selling condo during the end of the year.
Be the First to Own a Unit
A common struggle amongst most condo buyers is unit location or unit placement. Newer buyers who wish to invest in their dream condominium often have to settle with units that aren’t at prime locations. Investing in pre-selling condominiums reduces that problem for first-time buyers.
Despite not having the option to move in after purchase due to ongoing development, buying pre-selling condos grant investors and buyers the chance to be the first to own a unit. In addition, there is also the added benefit for early owners to have the privilege of selecting their room and location of choice.
Indeed, the term “the early bird gets the worm” fits the situation when investing in pre-selling condominiums, as an early buyer’s unit can get an edge in terms of location, size, outdoor perspective or view, distance to amenities, elevator, entrance, and flow of foot traffic.
An additional bonus tip for first-time buyers is to invest during the Ber months as you are most likely to have less competition within the buyer market. Fewer competitors mean more options at better priced-deals.
Better Pricing Deals and Discounts
Astonished and intimidated by the possible financial costs of living in a vertical village? I’m sure buyers like you still have second thoughts about investing due to high total cost prices. However, there are some workarounds that buyers can use to their advantage.
For the first workaround, investing in a pre-selling condominium allows you to save more due to its lower total cost price (TCP). Unlike its) counterpart, pre-selling units are typically offered at lower prices and may even include bonus discounts upon the completion of a purchase. Pre-selling condominiums may offer a 30% to 50% lower introductory price with a down payment price that starts at 10%. Moreover, buyers and investors who opt to pay in full may also enjoy discounts ranging from 5% to 10%.
A second workaround is waiting for the end of the year. The Ber Months is often when most people shift their focus to planning their holiday getaways rather than buying new properties. Buyers looking for better deals may consider the Ber Months as the perfect time to invest in pre-selling condos as the prices are lower due to a lack of purchasing demand from competing buyers. During the period, agents, brokers, and sellers also aim to meet their target quotas before the year’s end, meaning buyers will have leeway to negotiate better deals for their unit of choice.
More Flexible Payment Terms
Buyers looking for a more flexible payment term for their condominium purchases should invest in a pre-selling unit. In comparison to Ready-For-Occupancy units, condos at the pre-selling stage offer buyers a more flexible payment term via a down payment on an installment basis. Through the monthly installment, buyers may settle all their down payments in 24 to 36 months, depending on the contract agreement.
Buyers needing even more flexible payment schemes can also try their luck during the Ber months when there are better chances of negotiating with sellers.
Best Places to Invest in Pre-selling units
Investing condos at their pre-selling phase truly has their benefits. Here are some of the best pre-selling condo projects that will have an increased market value in the Philippine real estate market over time.
Camella Manors Verdant (Palawan)
On top of the list is the Vertical Village on paradise. Since 2013, the Island of Palawan has consistently been named the best island in the world. Undoubtedly, the island is paradise as it flourishes with various natural tourist hotspots like Honda Bay and El Nido.
Situated at the heart of Puerto Princesa is the Camella Manors Verdant. Offering resort-themed amenities and surrounded by the lush greenery of nature and the tranquil sea, Camella Manors Verdant is the best investment for buyers who want to spend their Christmas holidays on an island that offers peace and serenity.
For real estate investors looking for the best ROI through business, investing in the Verdant is an enticing option due to the frequent flocking of tourists.
Camella Manors Lipa (Batangas)
For buyers who are more fascinated by a location deeply rooted in culture, tourism, and flourishing investments, Batangas is the choice for you. Located in a prime location in Lipa, Camella Manors Lipa offers its residents an urban and suburban blend of living.
Rich in culture, Lipa is dubbed the country’s Little Rome due to the numerous seminaries and churches, meaning residents won’t have to go far for their planned pilgrimages. A bonus for investing in Lipa is also the landscape surrounding it. Situated between Mt. Malarayat and Maculot, Lipa has natural shields to protect it from typhoons.
Camella Manors Frontera (Davao)
One of two condominium projects in Davao, Camella Manors Frontera offers buyers a blended urban and suburban style of living in the heart of Mindanao’s cultural melting pot.
Throughout the years, Davao has continuously seen progress and development within the city. The city’s low crime rates, comfortable living, and superb tourist spots only add more reasons why Frontera is a must-invest in condominium in Davao.
Camella Manors Soleia (Butuan)
The last pre-selling condominium project we’ll discuss is the Camella Manors Soleia of Butuan City. Located at the heart of Caraga in Butuan City, Soleia is the first-ever condominium in the region.
Not to be overshadowed by the previously mentioned projects, Soleia has its unique selling proposition. Soleia is in a culturally-rich city in Butuan. Buyers who invest in Caraga’s first condominium project can visit the Balanghay or drop by other tourist spots.
In addition, as the heart of Caraga is currently seeing flourishing progress and development, it is safe to say that it is the ripe time for buyers to invest in Soleia.
Camella is one of the most reputable real estate developers in the country with over 45 years in the real estate industry. Over the years, Camella has been delivering quality properties across the country. You don’t have to worry about pre-sale contracts because Camella will surely deliver your condo unit on time.
For buyers to get the most value for their investments, each of these projects is situated at prime locations where buyers and investors can enjoy the scenery of nature through their condo investments. If you are looking for a pre-selling condo, have your dream condo unit with Camella today.
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