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| | | Junior Member
 
Group: Forum Members
Last Login: Saturday, March 24, 2007 5:48 PM
Posts: 5, Visits: 11 |
| hi,
I don't know if the answer to this question is yes or no, because I've heard a lot about the increasing popularity of condos in downtown Manila and the uber-cheap cost of living there. I need second opinion on what global property guide revealed on a survey. Here's an excerpt of it:
PHILIPPINES: HIGH YIELDS ON METRO MANILA CONDOMINIUMS
"The rental returns from letting residential condominiums in central areas of Metro Manila range from 8% to 15% yearly, according to a survey just released by the Global Property Guide.
The smallest apartments in each segment earn the highest yields. For instance, studio apartments in the prime areas of Metro Manila can earn around 13%-15%. But the highest returns are available on the smallest studios (30 sq. m.), which earn rental returns of an average of 15.1%. Larger studio condos (40 sq. m.) earn slightly lower returns (12.9%).
The same pattern holds in other condominium segments. One to two bedroom units (measuring 50 – 90 sq. m.) earn around 12%-15%, but the highest returns can be earned on the smaller (60 sq. m.) condos, which earn rental returns of 15%. Larger 1 – 2 bedroom condos (80 sq. m.) earn rather lower returns (11.5%).
“The pattern is unusual,” says Matthew Pollock, publisher of the Global Property Guide. “Instead of a smooth progression from high yielding units to low, we have high to low with high-yielding 'ridges' or 'lumps' at particular apartment sizes - which correspond to the smallest case of a particular number of bedrooms.” The rental returns from letting residential condominiums in central areas of Metro Manila range from 8% to 15% yearly, according to a survey just released by the Global Property Guide."
THE REST OF THE ARTICLE HERE:
http://www.globalpropertyguide.com/articleread.php?article_id=86&cid=
iF YOU GOT IDEAS I'M SO WILLING TO HEAR OF THEM.
 NKTA
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