Affordable Condominium Investment
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GENERALORIENTATION
By: Richard BaculiReal Estate ConsultantFILIPINO Homes InternationalRE Lic# 2008-1348(N)Mobile: +63 919 868 2573
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Flow of Discussion:
Types of Market Existence of Demand Supplying the Demand Hybrid Investment
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TYPES of MARKET
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Let’s start with this:
SUPPLY and DEMAND
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LGF YOUR CLIENT
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YOUR CLIENT
RENTAL MARKET
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EXISTENCE of DEMAND
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Is there really a DEMAND for Condominiums?
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There is an existing DEMAND due to the following factors:
OFW Remittances Booming Tourism BPO Industry Growing Population
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OFWRemittances
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US$16.43B
in 2008
13.7% increase from 2007
OFW Dollar remittance
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US$17. 35B
in 2009
another increase - 2008
OFW Dollar remittance
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Booming Tourism
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Expats andExecutives
ForeignSpouses
ForeignRetirees
RegularTourists
TOURISM
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ASIA
RUSSIA
EUROPE
AUSRALIA
MIDDLE EAST
INDIATo the PACIFIC and the U.S.A.
INDONESIA
JAPAN
SO. KOREA
CHINA
MORE DIRECT FLIGHTS OPENED
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BPOIndustry
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CEBU CITY= Top BPO preferred destination
= Attract more labor force
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More than20,000 jobsat present
= Unmet Demand
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OWNERSHIP
RENTALS
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Growing Population
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FO
RC
ES
causin
g th
e BO
OM
Cebu Province 2,439,065
Lapu-lapu City 292,530
Mandaue City
318,575
Cebu City
798,809
Cebu City Mandaue City
Lapu-lapu City Cebu Province
Population of CEBU
3,848,979
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CEBU CITY= Almost 1Million
Residents
= Residential Spaceis becoming rare
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CONDO ADVANTAGE
= Affordable, Convenient, Practical, Strategic
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HYBRID INVESTMENT
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TWO MAJOR INVESTMENT OBJECTIVES
INCOME
G R O W T H
Relatively Long-term (Appreciation)
Short-term (On-going need for Cash Inflow)
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PASSIV
E INCOME
LGF = Hybrid Asset
Earn = RENTALS = Property Value
Appreciation
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SUPPLYING the DEMAND
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After the long wait…
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Here it is now…
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Better location…
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Newer design…
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Brings to you…
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2
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Lobby and Reception AreaLobby and Reception Area
Two elevator unitsTwo elevator unitsIndoor parking areaIndoor parking area
Roof deckRoof deckFire alarm and sprinkler Fire alarm and sprinkler
systemsystem CCTV system CCTV system
Convenience shopConvenience shopLaundry serviceLaundry service& internet café& internet café
+ + Shuttle ServiceShuttle Service
Amenities :Amenities :
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Unit Area: 22 sq.m./236 sq.ft.Unit Area: 22 sq.m./236 sq.ft.
Finished walls and floorsFinished walls and floorsTiled toilet and bath with bathroom Tiled toilet and bath with bathroom
fixturesfixturesSeparate toilet and bathSeparate toilet and bathPrivate balconyPrivate balcony
Unit Specifications :Unit Specifications :
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OTHER CONDO LGF
Density Highly dense Comfortable
Taxation High tax Lower tax
Management PPC-ISO Company (PIMS)
Location Less strategic Very strategic (target market)
Cost of Living
Less affordable Affordable
Others Shuttle service
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FrequentlyAskedQuestions
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• If I invest in your condo, will there be a group who will take care of my unit and its rentals?
Frequently Asked Questions
Yes, there will be. You can enroll your unit into the program of the Property Management Group. It is called PIMS:
Property
Investment
Management
Services
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CONDOTEL PIMS
Sharing 60/40 scheme(Company / Investor)
20/80 (inclusive of dues, maintenance and marketing fees)
LoanabilityLess likely to be loanable
Highly loanable
Liquidity Difficult to dispose Easy to dispose
UsageA few days only and may not be the unit chosen
Depends on the investor
Period of assignment
5-10 yrs At least 1yr (renewable)
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Frequently Asked Questions
• What are included in the Total Selling Price?
• The TSP includes the E-VAT, government taxes, miscellaneous fees, documentary stamps, and other processing fees.
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• How much is the Reservation Fee?
Frequently Asked Questions
P20K only
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Frequently Asked Questions
• When is the target turnover or delivery?
• The target schedule of delivery will be at the end of 2012
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• What are the payment schemes?
Frequently Asked Questions
SPOT CASH TSP
Discount on TSP• 7 days = 12% discount• 30 days (1 payment) = 10%
disc• 60 days (2 payments) = 8%
disc• 90 days (3 payments) = 6%
disc
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• What are the payment schemes?
Frequently Asked Questions
SPOT DP
• 50% DP (50% BAL for FINANCING.)= 10% discount on DP
• 40% DP (60% BAL for FINANCING)
= 8% discount on DP
• 30% DP (70% BAL for FINANCING)= 7% discount on DP
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• What are the payment schemes?
Frequently Asked Questions
SPOT DP
• 20% DP (10% spread over 24 mos. &
70% BAL for FINANCING)
= 4% discount on DP
• 10% DP (20% spread over 24 mos. &
70% BAL for FINANCING) = 3% discount on DP
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• What are the payment schemes?
Frequently Asked Questions
DEFERRED CASH
• 100% spread equally over 30 mos. @ 0% interest
= 3% discount on TSP
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• What are the payment schemes?
Frequently Asked Questions
PRIORITIZED BUYERS EQUITY
• 10% DP 30days after Reservation
• 10% DP Spread over 24mos. w/o interest
• 10% DP Lump sum on 25th month
• 70% Balance for financing
(spread over 3 mos. @ 0% int)
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• What are the payment schemes?
Frequently Asked Questions
EASY DP EQUITY
• 20% DP spread equally over 24 mos. @ 0% interest
• 10% DP Lump sum on 25th month
• 70% Balance for financing (spread over 3 mos. @ 0% int)
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END of PRESENTATION
THANK YOUVERY MUCH