If you are actively looking for investment opportunities, you would have heard of the term โpre-selling.โ Pre-selling condos, as the name implies, are condominium units available for sale before the building is completely constructed. Although buying a condominium under these circumstances may seem unconventional, pre-selling condominiums do have advantages. Here are the top three benefits of buying properties while they are still in the pre-selling stage.
Low Introductory Price
Condominium projects are launched at a low introductory price to generate interest and attract investors. Given the rapid appreciation in todayโs real estate market and the finite property of developable land, prices of ready-for-occupancy units can climb up to twice the original price offer.
Flexible Payment Terms
Pre-selling condos offer flexible payment terms to make monthly payments straightforward and effortless. On top of the low introductory price, you can get a significant discount and a more spread out payment term when you avail at the start of the pre-selling phase.
Quick Return on Investment (ROI)
The value of real estate appreciates over time. This is especially true with pre-selling properties. Condominium projects are typically completed within a few years. By that time, the propertyโs value would have appreciated considerably and the buyer can earn a hefty profit by reselling his unit or leasing it out for a steady cash flow.
The Seasons Residences in Bonifacio Global City is a joint venture development of Federal Land, Inc., Nomura Real Estate Development Co., Ltd. and Isetan Mitsukoshi Holdings Ltd. A premier four-tower residential development, The Seasons Residences will be home to the first Mitsukoshi Mall in the Philippines.
Quick Tips on Pre-selling Condos
As a smart homebuyer, beware of potential troubles that can hurt your investment. Here are some tips to help you avoid unnecessary difficulties from the get go:
Buy only from reputable real estate developers with a solid track record of delivering quality properties on time.
Make sure to understand all terms and conditions before signing any document.
If you plan to purchase through a home loan, canvass reputable banks only.
Avail the services of a licensed broker or a trusted property specialist to guide you through the acquisition.
Mi Casa in Bay Area, Pasay City is an upcoming vertical residence reminiscent of Hawaiiโs tropical ambiance redesigned for contemporary Filipino living.
Prime real estate developer Federal Land, Inc. has dedicated itself to developing properties that are faithful to the aspirations and expectations of its residents. Each Federal Land project adheres to the highest standards and is built to be of topnotch quality.
Quantum Residences along Taft Avenue is centrally located amidst known universities and business establishments in the area. Perfect for college students and hardworking professionals in pursuit of their careers and interests.
As one of Philippineโs pioneer real estate developers, Federal Land Inc. is known for iconic projects and world-class aspirations. A proud member of GT Capital Holdings, Federal Land demonstrates the passion of a trailblazer and innovator tempered by the strict disciplines of banking and finance.
Now on its 47th year, Federal Land has dedicated itself to developing properties that are faithful to the aspirations and expectations of its residents. Each project is truly considered and built to be of topnotch quality. Federal Land, Inc. creates properties anchored on the values of trust, reliability, and integrity through its masterbrands, Federal Land and Horizon Land.
Humble Beginnings
Soler Tower, Tytana Plaza, and Mandarin Mansion are the first projects of Federal Homes, Inc. in 1970s
Federal Land Inc. began in 1972 as Federal Homes, Inc. In the same year, it launched the Soler Tower to cater to the Filipino-Chinese community in Binondo, Manila. This was immediately followed by the launch of Tytana Plaza, Mandarin Mansion, Escolta Twin Towers, Dasma Corporate Center, and Federal Tower.
The success of Binondo projects and the increasing investor confidence led to an expansion in Pasay. In 1990, Federal Land launched Bayview International Towers along Roxas Boulevard. The project was one of the first prime developments in Pasay. After the reclamation of Manila Bay, Federal Land acquired 40 hectares to start a master-planned integrated community: Metro Park.
Setting its sights on producing more quality projects for its customers, Federal Land dedicated itself to building self-sustaining communities in Manila, Makati, Cavite, and Cebu. Early 2000 saw the rapid introduction of prime real estate projects such as Bay Garden Club Residences, Oriental Garden Makati, Florida Sun Estates, Valencia Hills, The Grand Midori Makati, Riverview Mansion, Marco Polo Plaza Cebu, and the landmark GT Tower International.
Since then, Federal Land has continued to build and deliver high-quality properties that are tailor-fit to the communities it chooses to serve. The Four Seasons Riviera in Binondo is designed with feng shui sensibilities. The Peninsula Garden Midtown Homes is intended to be a kid-friendly garden enclave ideal for starting families. The Quantum Residences is strategically located in between Manilaโs university belt and Makati Central Business District to cater to young adults transitioning from students to professionals. Marquinton Residences, Tropicana Garden City, and Siena Towers gave Marikina citizens a new option aside from the traditional house and lot living. Mi Casa in the Bay Area brings in the modern tropical paradise streamlined for contemporary living. These projects stand as testimonies to Federal Landโs unrelenting commitment to building structures and communities that contribute to the progress of society.
President Rodrigo Duterte leads the unveiling of the Grand Hyatt Manila Marker with late Federal Land Chairman George S.K. Ty.
Global Alliances
Not resting on its laurels, Federal Land continues to advance its vision of building exceptional properties through its alliance with renowned global brands.
In Cebu, Federal Land partnered with Marco Polo Hotels of Hong Kong to develop the five-star Marco Polo Plaza and the first branded residence, Marco Polo Residences.
In 2008, Federal Land partnered with Orix Corporation, a top real estate company in Japan, for the Grand Midori Makati on Legazpi Street. The partnership fused Filipino artistry and Japanese ingenuity and created a Zen oasis in the heart of the city. In 2012, Federal Land formed the Bonifacio Landmark Realty and Development Corporation, a joint venture with Orix Corporation, to bring the iconic Grand Hyatt Manila and Grand Hyatt branded residences to North Bonifacio Global City.
Eiji Kutsukaka, Chairman of Nomura Real Estate Development; Toshihiko Sugie, President of Isetan Mitsukoshi Holdings; George Ty, GT Capital Chairman; and Alfred V. Ty, Federal Land Inc. unveils the scale model of The Seasons Residence.
Launched as a closing highlight to 2018, The Seasons Residences is a $400 million development project in partnership with leading Japanese firms, Nomura Real Estate Development, and Isetan Mitsukoshi Holdings, Inc. The development will have four upscale residential towers and the countryโs first Mitsukoshi Mall.
Excellence in Execution
Federal Land, Inc. General Manager Thomas Mirasol and Vice President for Sales and Marketing John Cabato receive the 2019 Top Developer Award from BCI Asia.
Other notable awards collected are the 2019 Top Developer Award from BCI Asia for The Seasons Residences; the 2019 Brand Leadership Award from CMO Asia; the Best Luxe Condo of the Year from The Outlook 2018 by Lamudi for the Grand Hyatt Manila Residences; the 2017 Gold Award for Outstanding Developer from Fรฉdรฉration Internationale des Administrateurs de Biens et Conseils lmmobiliers (FIABCI) for The Grand Midori Makati; and the 2007 Developer of the Year Award from Chamber of Real Estate and Builders Association (CREBA) for Marquinton Residences in Marikina.
The Legacy Continues Designed by world-renowned architecture firm Foster + Partners, the Estate Makati is envisioned to be the crowning jewel of Makati Skyline.
This 2019, Federal Land is slated to launch several projects including the Hawaiian-inspired development in the Bay Area, Mi Casa; and the companyโs first foray in Ortigas CBD, The Grand Midori Ortigas. Federal Land is also scheduled to publicly launch the ultra-luxurious condominium project in partnership with SM Prime Holdings. Designed by world-renowned architectural firm Foster + Partners, The Estate Makati is set to be the crowning jewel of the Makati skyline and is expected to put the Philippines on the map of modern architectural marvels.
Federal Land celebrates its 47th year of transforming the skyline and reimagining the country bearing the theme โExcellence in Execution: Delivering What is Promised.โ The theme underscores Federal Landโs commitment to create and develop enriching communities on par with the rest of the world. The values of accountability, ownership, and urgency serve as the companyโs guiding principle to ensure Federal Landโs legacy of excellence will continue not only for 2019 but for the years to come.
The dream of owning a big house with a large lot in the quiet part of the city has shifted to living in condominiums conveniently close to business centers and main hubs. While the condo life is often associated with independence, convenience, and excitement, many would-be homebuyers are skeptical of condominiums.ย Chief of their concerns is the myth of the 50-year rule of a condominium building lifespan and stakes in the condominium corporation.
Here we will answer a few important questions to allay concerns.
How long is the lifespan of a condominium building?
Though the lifespan of condominium buildings is not specified, the section 8C of Republic Act 4726 The Condominium Act provides three factors that would deem a condo uninhabitable:
โThat project has been in existence in excess of 50 years; that it is obsolete and uneconomic, and that condominium owners holding in aggregate more than fifty percent interest in the common areas are opposed to repair or restoration or remodeling or modernizing of the project.โ
A careful reading shows that the 50-year rule is not necessarily true to all developments.ย It is on a case-by-case basis where all three provisions should be met in order to declare a condominium building uninhabitable. That the building is:
over 50 years old;
obsolete and uneconomic; and
the unit owners holding in aggregate more than fifty percent interest do not agree to repair or modernize the building.
Hence, although a condominium building is over 50 years old, it does not automatically become obsolete and uneconomic if it passes the building inspections and certifications. Most of the new condominium projects today are designed and built with modern techniques and durable materials to endure the ordinary wear and tear of everyday use. ย ย Modern condos will likely remain in good shape even after 50 years. Moreover, if the majority of the homeowners believe they the building structure is safe, sound, and will only need some modern renovation, demolition would be unnecessary.
On the other hand, if an older condo has monthly maintenance fees, recurring repairs and realty tax that exceeds the monthly rental of a comparable unit in another property, the homeowners can decide and declare that the building is obsolete, uneconomic, and uninhabitable.
Build in the 70s, the Soler Tower, Tytana Plaza and Mandarin Mansion of Federal Land, Inc. are still in good shape and stands near the thriving Chinatown of Binondo, Manila.
What happens when the condominium is declared uninhabitable?
The condominium corporation will convene to make a decision.ย The unit owners will vote on what they could do with the building and the land. There are usually two options, they can:
sell the land and divide the proceeds among themselves;
strike a deal with the original developer or another to build a new condominium on their land.
What is a condominium corporation?ย
Similar to a homeownerโs association in subdivisions, a condominium corporation is a legal entity that represents the interests of condominium unit owners in accordance with the Condominium Act.ย Condo corporation holds the title to the land, common areas and other interests, as such it is responsible for the management and maintenance of the common areas and its other obligations. Members or shareholders of the condo corporation are the unit owners who automatically become members upon purchase of their unit.
Like other corporations, all issues in a condominium are decided through the votes of the shareholders or unit owners.ย Every decision, be it a simple plan of repainting of the faรงade or a major agenda of selling the land, must be decided by votes. The rule of the majority, or the option with most votes, wins.
What is your stake in the condominium corporation?
As a condominium unit owner, you are automatically a member of the corporation and co-owner of the condominium, its lands, and other interests.ย Your stake will be equivalent to the size and price of the unit or units you own.
For instance, you own a three-bedroom unit of 88 square meters in size.ย Your stake and voting power will be higher than the owner of a studio unit of 25 square meters.ย If ever the land of the condominium is sold, you will have a bigger portion of the profit.
Is a condominium unit a good investment?
Yes.
While some may argue that the definite lifespan and ownership of house and lot is a more favorable investment compared to the finite lifespan and ownership of a condominium building, there are other factors that should also be taken into consideration.ย ย The major selling point of condominiums is their proximity to important places such as schools, business district, hospitals, malls, and major highways.ย If you, as a homebuyer, wishes to cut commute time, then a condominium unit near your office will be more beneficial to you than a house and lot in the fringes of Metro Manila.ย ย Moreover, a condominium unit is more financially attainable than a house and lot in a central location.
As an investor, buying a condominium to rent out or resell is also a sound investment.ย Its strategic location will ensure you have a steady market of students, young professionals, and small families. You can make money from start to finish of the buildingโs lifetime.ย And even if the condominium is demolished or sold after 50 years, you as a shareholder will profit from the sale of the land.
Buying a condominium for sale may seem trickier than buying a house and lot.ย However, remember that condominiums are not so different from houses.ย While units in a condo community are governed by a condo corporation, houses in a subdivision are governed with a homeownerโs association (HOA).ย Houses are also susceptible to the damages of everyday wear and tear and natural calamities same as condominium buildings.
So if the 50-year rule is the only thing holding you back from living in your dream condominium, then rest assured that your apprehensions have a low chance of becoming real but potential returns have a high chance of becoming true!
With over 47 years of solid experience, Federal Land, Inc. builds properties anchored on the values of trust, reliability, and integrity.ย In every project, Federal Land ensures to collaborate with the best architects and engineers who can best utilize sophisticated technology and reliable materials to create unique projects that stand the test of time.
GT Tower International, Grand Hyatt Manila and Residences, and the soon to rise, The Seasons Residences, are only a few of the most iconic towers in the Philippines that elicit the sophisticated and luxurious lifestyle that only the privileged few can enjoy. With its crown of 10-story vertical fin, the GT Tower International is one of the most iconic office towers in the Makati skyline. Currently the tallest skyscraper in the country, the Grand Hyatt Manila is a five-star luxury hotel preferred by VIPs all over the world. Considered as the first Japanese-inspired integrated community in the country – soon to rise, The Seasons Residences, presents a slice of the Japanese way of life that people emulate for their simplicity, practicality and efficiency.
These three iconic projects couldnโt have been more different, but there is one thing they have in common – they are all developed by one of the pioneers in the Philippine real estate scene โ Federal Land, Incorporated.
Anchored on the values of trust, dependability, and integrity, Federal Land, now on its 47th year, is dedicated to developing properties that are faithful to the needs and aspirations of its residents, and even beyond expectations. Each project is considered a masterpiece, hence in every project, Federal Land brings in the most ingenious architects, most innovative engineers, and most reliable materials to build a safe and ideal home that is unique to the priorities of each person and designed around their life plans.
Trailblazing Projects
As one of the countryโs prime movers in the real estate industry and builder of Filipino homes, Federal Land introduces projects that were never before seen and reinvents the standards of project planning, and harnessing its expertise in the development of global partnerships with international brands, that produced the luxurious Grand Hyatt Manila Residences; and the Japanese-inspired, The Seasons Residences.
Launched as a closing highlight to 2018, Grand Hyatt Manila Residences – South Tower in Grand Central Park, North Bonifacio Global City, is a joint venture with Orix Corporation of Japan and the Chicago-based Hyatt brand. The partnership brings to the country not only luxurious residential suites but also the legendary Grand Hyatt hospitality and service.
Grand Hyatt Manila Residences also notably won โBest Luxe Condo of the Year for Customer Serviceโ of The Outlook 2018 by Lamudi: Philippines Buyersโ Choice Property Awards.
Federal Land also launched a $400-million development project in partnership with leading Japanese firms, Nomura Real Estate Development, and Isetan Mitsukoshi Holdings, Inc. The project envisions to create an integrated mixed use development incorporating Japanese spirit, experience, and technology. The development will have four premier residential towers, The Seasons Residences, and the countryโs first Mitsukoshi Mall.
Beyond Structures
Federal Landโs commitment to develop and deliver world-class homes is not exclusive to its luxury and premier residences. Unique and with its own character, every Federal Land project has distinctive features certain to help its residents flourish and reach their full potential.
In Manila, Four Seasons Riviera in Binondo is a riverfront home with feng shui sensibilities to usher good luck into its residences. In Paco, Peninsula Garden Midtown Homes, a kid-friendly garden enclave ideal for starting families, has a heated pool for families to enjoy in the weekends. Strategically within the Manilaโs university belt and near Makati CBD, Quantum Residences has a basketball court, karaoke room, business center, and other amenities to help Filipino millennial citizens achieve a healthy work-life balance.
In the Bay Area of Pasay, Federal Land proudly reclaims its status as the real estate pioneer in the Macapagal area with its sprawling Metro Park integrated community and the launch of Palm Beach West Residences. Residents of Metro Park enjoy the convenience of having an open park, a couple of malls, several office towers, and a college within its own township.
In Quezon City, Federal Land designed The Capital Towers for people in need of a home office in a highly strategic location of the central business district.
In Marikina, Federal Landโs Marquinton Residences, Tropical Garden City, and Siena Towers are built with the strongest materials and innovative engineering so these condominium towers can withstand earthquakes.
In Cebu, Federal Land developed the first branded residence, Marco Polo Residences, where residents enjoy hotel-living with the hotel a la carte services and beyond the usual amenities from the five-star Marco Polo Plaza.
The Legacy Continues
This year, Federal Land is set to rise with more landmark projects that will add prestige to the evolving skyline of the country. In the emerging Bay Area business district of Pasay, Federal Land will introduce Mi Casa, a vibrant vertical neighbourhood reminiscent of Hawaiiโs reinvigorating aesthetic of open sea and air. Its first tower, Hawaii, brings in Hawaiiโs modern tropical paradise streamlined for Filipino contemporary living.
In the Makati Central Business District, Federal Land partners with SM Prime Holdings to bring in the world-renowned architectural firm Foster + Partners to develop an ultra-luxury condominium project. The project, called The Estate Makati, is set to be to be the crowning jewel of the Makati skyline and is expected to put the Philippines on the map of modern architectural marvels.
These are clear testaments that we remain true to the promise of Federal Land to the Filipino people.
As what our former Group Chairman, Dr. George S.K. Ty, would say, โFederal Land started with a simple dream. The dream to build a great home for each and every person.โ
# # # About Federal Land, Inc.
A prime real estate developer, Federal Land, Inc. is a member and one of GT Capital Holdingsโ property arms. With 47 years of experience in reshaping the skyline and with its commitment to invest in the country, Federal Land, Inc. creates properties built on trust, reliability, and integrity through its masterbrands, Federal Land and Horizon Land. To learn more about Federal Land, please visit: www.federalland.ph.
The prime real estate development company, Federal Land, Inc., in partnership with leading Japanese firms, Nomura Real Estate Development and Isetan Mitsukoshi Holdings, Ltd., has launched the first tower of The Seasons Residences, the first Japanese-inspired residential condominium in the Philippines.
The Seasons Residences will feature Japanese elements of functionality, safety, harmony with the environment and simplicity. It will have four residential towers, ranging from 41 to 51 floors. The first tower, Haru, will have 304 distinct Japanese homes measuring 45 square meters up to 345 square meters. Residents will also enjoy landscapes and amenities with the themes of the seasons such as wellness spas, guest house, sky garden, BBQ terrace, karaoke, game room, swimming pools, fitness gym, business centers and function halls.
The Seasons Residences will also feature Japanโs oldest and largest department store chain, Mitsukoshi in the podium level. Mitsukoshi will offer Japanese fashion, lifestyle, beauty, and food merchandise.
Rising within Federal Landโs 10-hectare Grand Central Park township in North Bonifacio Global City (BGC) in Taguig, The Seasons Residences will offer not only Japanese Zen sensibilities but also a complete community experience with the Grand Central Park community. The Grand Central Park is an exclusive eleven-hectare enclave composed of first-rate residential towers, distinguished business hubs, haute couture shopping and exciting gastronomic destinations. Strategically located in North Bonifacio Global City, Grand Central Park presents unique spaces for living, working, shopping and dining dedicated for a well-balanced lifestyle in a location where the best of Makati, Ortigas, and BGC revolve around you.
Real estate investment is one of the three time-tested ways to build wealth, along with stock trading and small business ventures. Real estate investment is defined as acquiring, developing and managing properties to generate income, rather than owning a property to be a personal residence of the investor. Generally, investors own multiple properties, one of which serves as their personal residence while the rest are used to generate rental income or profit in value appreciation.
Simply put, real estate investment is putting your money to work today for it to increase tomorrow.
With the current construction boom in the country, more people are attracted to invest in real estate now more than ever. This gives plenty of good investment opportunities in condominiums, office and commercial space in the city. But before you join in with the bandwagon, remember that investing in real estate is capital intensive and any miscalculations can make it a risky investment. Here is a quick overview of what you need to know for a successful start in real estate investment.
How Do Investors Make Money in Real Estate?
Primarily, there are two ways to make money in real estate: appreciation and rental income. While there are ways to make money in the real estate industry such as specializing in complex areas like Real Estate Investment Trust and Fix and Flip, these two items account for the good fortunes of the majority of investors.
Real Estate Appreciation
The most common way to profit from real estate investment is buying a property and holding it until it increases in value due to changes in the market.
How does a property increases in value?
It is through supply and demand. The supply of land in the city is limited, but the demand for residential, office and commercial space is increasing, especially with the current construction boom in the country. As an investor, you will know your property increases in value when your surrounding area becomes busier. For instance, a shopping mall or office building built next door will make your property more attractive to potential buyers and fetch you a good profit. That said, real estate appreciation is a long-term game. There will be dips in the market, but remember, it always goes back up.
Rental Income
Renting is the best way to generate a consistent cash flow every month by charging people to use your property for a specific time.
For instance, if you own a house or condominium unit, you can lease out your property to a family, students or young professionals, depending on your location. Or if you own an office building or strip mall, you can lease out to established businesses, professional offices, franchises and startups.
As the property owner, you have the option to hire a property management company to deal with the day to day administration. Or if you have the time and willingness, you can be the landlord and manage the rental property. Remember that in the rental business, you have to put in some actual work.
How To Start Investing In Real Estate?
Since most investors start their real estate investment career with rental properties, here are six steps to start your rental real estate investment.
Establish The Specifics.
Determine how the investment property will be used before you decide the type and location most suitable for your plans. Will you rent it to students, office workers, or tourists? Do you prefer to invest in house and lot units, condo units or parking space? Establishing the specifics will also help you consider the renovations and furnishings you will be willing to spend on the property you are eyeing.
For instance, you have decided to cater to office workers. You will then look to invest in condominiums for sale near the central business districts. Consider taking advantage of pre-selling rates of Palm Beach West – Baler Tower located within the Entertainment City in Pasay to cash in on the growing Chinese market of the offshore gaming firms.
Acknowledge your financial capacity.
When investing in real estate, you will need a sizable capital. After all, quality properties do not come cheap. You will have to be realistic in what kind of property your savings can afford right now, in five yearsโ time, and in 10 yearsโ time. Can you pay cash upfront or do you need a bank loan?
If you are going the route of the housing loan, you should know how much a bank can lend you. Check online for the home loan calculator of reputable banks like Metrobank and PSBank. Though the result is not legally binding, it will give you an understanding of how much you can loan from the bank and will guide your search for the property suited to your budget.
Choose a developer.
As a new investor, you will need all the help you can get. While the internet is ripe with real estate investment literature and guides to help you get started, choosing the right real estate developer will take your investment five steps forward. Acquiring a property from a reputable developer with a solid track record like Federal Land ensures that the property has topnotch quality and convenient location that can fetch a good price in reselling or rental.
Moreover, a real estate developer has appointed brokers and agents that will assist you in every step of property acquisition. These brokers and agents will set site visits, facilitate sale negotiations, handle the pre-sale to post-sale requirements, and furnish legal documents. They can recommend other properties for sale that are relevant to your criteria for your next investment.
Write that Check.
Depending on your financial capacity, there are various payment plans available such as in-house financing and bank financing. Request a sample computation and determine which among payment plans is the most practical for you. Carefully consider the pros and cons of each plan before deciding.
If you choose to pay in installments through in-house financing, you may be required to issue a complete set of post-dated checks to cover the payments. In case you do not have a checking account yet, set up one. Just make sure to fund it sufficiently for the monthly amortizations.
Take note that before signing the contract or writing the check, that the property matches your criteria. It is also important to make sure that the Transfer Certificate of Title, Deed of Sale, Contract of Sale and other relevant documents on the property are filed on the Register of Deeds.
Shape up the Property.
For your property to attract the right tenants, it should be in proper condition. This means fixing up any cracks on the walls, any leaks on the pipes, cleaning up any stains, and if you are furnishing the property, providing furniture relevant to the needs of your target market.
A rental property should be as presentable as possible will tell prospective tenants that you are looking out for their needs and might lead to a good landlord-tenant relationship.
Manage the Tenants.
Once you have the property ready for your tenants, you have to ready yourself to be the landlord. Set clear terms and get it all in a proper lease contract to protect you, your investment and your tenant. Make sure to include in the lease contract the rent price, security deposit, mode of payment, payment schedule, length of lease, provisions on what can or cannot be done with your property, and the rules and regulations tenants need to abide to avoid eviction.
Also, remember to screen your potential tenants before signing with them. Conduct a background check into your prospective tenantโs employment status, financial capacity and criminal record. This is to protect your investment form dubious characters and delinquent payer.
Quick Tips for New Investors
Invest ASAP.
You have done your research and ready to venture into real estate investment, but waiting for the perfect time? Well, there is no better time than when you are financially capable. Remember, real estate investment is a waiting game: you do not wait to buy, you buy then wait. Do not worry, the market always surges again.
Apply for a Home Loan.
Real estate investment is capital intensive. Donโt let the huge price tag hinder you. You as an investor can still acquire property through a mortgage or home loan. Just prepare enough funds to cover down payment, notary fees, taxes and others miscellaneous payments.
Be patient.
The first few month or years of rental investment will be financially challenging, especially when you are paying the home loan and only have a few renters. But as time goes and renters come, you can increase rent and generate a better cash flow.
Read the news.
Keep up with the news and market trends to know when is the right time to resell or increase rent. For instance, you have seen in the news about the flood control plans of your local government, you can then plan for a rent increase in the near future.
Add value.
Although you are a new investor, you may have some good ideas on how you can make your property more valuable. You can add granite or marble countertops to your kitchen; install bathtub to the bathroom, or create a stunning garden to your backyard.
Consider a Modest Venture.
Choosing a mid-range investment for your first venture is like playing the โeasy modeโ in a new video game. A mid-range investment is ideal for first-time investors as these properties come in conservative price tag and in good structure quality that you can sell or rent to a wide market like starting families, students and young professionals. This allows you to test the waters in the real estate industry with less risk and learn some best practices only experience will teach you.
This year, top real estate developer Federal Land launched numerous condominium projects you can try your hand at including the Valencia Hills in Quezon City; Palm Beach West in Bay Area Pasay; Peninsula Garden Midtown Homes in Paco Manila; Florida Sun Estate in General Trias, Cavite; and Quantum Residences in Taft, Manila. These condominium developments are in their pre-selling stage. Pre-selling condo units are sold before and during the construction phase, hence, offered at a lower price and flexible payment plans. Acquiring a property in its pre-selling stage can be advantageous for first-time investors as the property is offered at its lowest possible rate. And while the property is built, you can polish your real estate investment game plan.
Investing in real estate may sound tricky and starting a career out of it may be overwhelming. But what is a couple of monthsโ stress for an asset that will make you money for years?
Designed to bring good feng shui to its residents, the riverfront Four Season Riviera boasts of generous living space perfect for families, retirees, professionals, business owners and foreign immigrants looking to assimilate into the thriving Filipino-Chinese community in Binondo.
Four Season Riviera – Peony Tower, the third tower of this real estate development, offers spacious layouts of one-bedroom unit measuring up to 47 square meters; two-bedroom unit measuring up to 89 square meters; three-bedroom unit measuring up to 142 square meters; and four-bedroom unit measuring up to 184 square meters.
The Peony Tower also offers generous amenities to its residents. Aside from the usual fare of swimming pools, spacious fitness center and function rooms, Peony residents will enjoy wellness amenities such as a Yoga Room and Tai Chi Areas; entertainment amenities such as Game Room, Entertainment Room (with home theater and KTV area) Childrenโs Playground, Day Care, Outdoor Recreation Area. Other amenities include Reading Lounge, Study Room, Outdoor Lounges, Landscape Gardens and Gazebos.
Federal Land residential properties are almost sold out and only have a few units left in its inventory. Interested homeowners and investors can choose among the remaining pre-selling and RFO (ready for occupancy) units. For lease to own plans, pre-selling reservations, or ready for occupancy units, email us at digital.mktg@federalland.ph for details.
The prime real estate development company, Federal Land Inc. is scheduled to launch five more residential projects in the second half of 2018. Federal Land, had targeted to unveil nine to eleven projects this year, four of which have already been launched, including the Palm Beach West in Bay Area, Pasay; Peninsula Garden Midtown Homes in Paco, Manila; Florida Sun Estate in General Trias, Cavite; and Quantum Residences in Taft, Manila.
โWe have five more projects in the second half. Thereโs Grand Hyatt 2 because Grand Hyatt 1 was fully sold out, two or three towers in the Bay Area. Aside from Grand Hyatt, another tower in Bonifacio, and another tower in Taft,โ GT Capital President Carmelo Maria Luza Bautista said in a media and analystsโ briefing in Taguig City last August 15.
Federal Land residential properties are almost sold out and only have a few units left in its inventory. Interested homeowners and investors can choose among the remaining pre-selling and RFO (ready for occupancy) units.
PRE-SELLING PROPERTIES
Condominium units sold before and during the construction are classified as pre-selling properties. Pre-selling condo units are offered at a lower price and flexible payment plans. The condo unitโs total contract price will not be affected by real estate value appreciation. However, because these properties are under construction, buyers will have to wait until the property is ready for turnover before moving in or renting out. Construction period can take around three to four years. To avoid risks associated with the extended waiting period, choose a condo developer with a solid track record like Federal Land.
Buying pre-selling properties are ideal for buyers who have the luxury of time such as young professionals planning their future, or OFWs reestablishing themselves upon their return to the country. Pre-selling properties are also beneficial to investors expecting to sell or lease the properties as the steady increase of market value affords them a higher return on investment than with RFO units.
Quantum Residences in Taft Avenue, Pasay City
The recently launched Quantum Residences is a residential-commercial condominium development that provides a convenient urban lifestyle. Located strategically within the university belt along Taft Avenue, Quantum Residences is a self-contained community with its retail stores, restaurants, study halls, and a full set of amenities to provide for motivated and hardworking students and young professionals in their pursuit of career, interests, and causes. Get the most out of life with Federal Landโs latest offering with the pre-selling condo units for sale.
Peninsula Garden Midtown Homes – Mimosa Tower in Paco, Manila City
Peninsula Garden Midtown Homes is a residential garden community located in the historic Paco, Manila. Peninsula Garden Midtown Homes is designed to give 100% safe and nurturing home for you and your loved ones. Working parents can experience an easy commute to major business districts in Makati, Ortigas and Bay Area, while the children are dropped off to nearby primary schools and university belt. Peninsula Gardenโs eighth tower, Mimosa, is opening the last 91 pre-selling condominium units for sale. Invest now and discover the easy convenience of living atop everything you need.
Palm Beach West – Baler Tower in Bay Area, Pasay City
Palm Beach West Residences – Baler Tower is opening 168 pre-selling condominium units for sale. Located within the sprawling Metro Park community, and in between the two most traveled boulevards, Roxas and Macapagal, in Pasay City, Palm Beach West presents a safe and secure home, with resort-themed atmosphere and lifestyle amenities for the enjoyment of you and your family. Live the vibrant life in a neighborhood bustling with life and excitement of Entertainment City.
Florida Sun Estates – Orlando Phase in Cavite
Inspired by the tropical state of Florida in the US, Florida Sun Estates is a master-planned subdivisions community in General Trias, Cavite. Set to be the sunshine state of Cavite, Florida Sun Estates is composed of clustered developments; residential subdivisions, and commercial developments complemented by wide-open space, lush greenery, and resort-type amenities to bring the Florida lifestyle into your home. Florida Sun Estates – Orlando Phase offers pre-selling house and lot units for sale.
READY FOR OCCUPANCY/LEASE TO OWN PROPERTIES
Condominium units sold after the construction period of the project are classified as ready for occupancy (RFO) units. A buyer can move into the condo immediately after settling the paperwork and financing. Though it is more expensive than a pre-selling unit due to real estate appreciation, an RFO unit can be acquired through a lease-to-own plan.
Buying an RFO unit is practical for buyers in urgent need the property such as starting families upgrading their housing needs, working professionals relocating near their workplace, and retirees who enjoy the stress-free lifestyle.
Times Square West in BGC
Inspired by the bright lights of Times Square in New York, Times Square West promises to be the place to live in when you want to live amidst the excitement of a great new city. Located at Grand Central Park in North Bonifacio Global City, it brings you exclusive access to the countryโs most popular entertainment venues, dynamic business district, and sophisticated lifestyle hubs. Ready for occupancy, Times Square West has only 22 units left. Invest and indulges in the lights and sounds of a fascinating city.
Paseo De Roces – Salcedo Tower in Makati City
Just a stoneโs throw away from the central business district, Sunday markets, luxury malls and parks, Paseo de Roces is a posh residential community in Makati City. Paseo de Roces is an ideal fusion of vibrant amenities and spectacular skyline views in an exclusive tower at the most coveted address. With only 22 units left, Paseo de Roces โ Salcedo Tower is ready to welcome you home. Take charge of your destiny and open up a world of possibilities.
One Wilson Square in San Juan City
Set in a space that provides easy access to the major thoroughfares and business districts of Metro Manila, One Wilson Square is located at Wilson Street, San Juan City. It lies close to Greenhills, Ortigas and Makati business districts. The spacious and exquisitely appointed private condominiums provide you full access to an enhanced level of luxury. Every inch of your One Wilson Square home is thoroughly crafted to maximize the space for residents, with careful attention to detail in every aspect of life. Choose among the remaining 44 condominium units left and delight in the right space that takes you places.
The Capital Towers – Rio Tower in Quezon City
Located along E. Rodriguez in Quezon City, The Capital Towers offer a life where the avenues of your interests come together and options and opportunities are within reach. Interconnected amenities and generously cut condominiums for sale bring a sense of leisure and flow to your daily life, allowing you to enjoy a rhythm that is truly your own. Ready for turnover, The Capital – Rio Tower has only 48 units still available. Invest now to enjoy a life where everything is within reach, and you are at the center.
Marco Polo Residences in Cebu
Marco Polo Residences embodies the spirit of the explorer. It brings to light the best of Cebu in the first and only five-tower branded residence, where the typical is spectacular, the everyday unusual, and the common breathtaking. A quiet, lush hill community, Marco Polo Residences offers sophisticated condominiums for sale with unobstructed views of the sea, sky and the city. Take your pick of the last few remaining units of Marco Polo Residences and experience the magnificent every day.
Siena Tower in Marikina City
Located near Marquinton Residences along Sumulong Highway, Siena Towers present a radiant high-rise development at the heart of Marikina City. The Siena Towers community offers green and generous living spaces ideal for starting families and young professionals. Siena Towers are near to major weekend destinations, office towers, retail centers, and premier schools like the Marikina Science High School, Marikina Catholic School, Ateneo de Manila University and the University of the Philippines Diliman. Choose among the 142 units left and enjoy urban living and relaxed rural lifestyle in one environment.
Founded in 1972, Federal Land has since developed over 55 large-scale projects that redefined the key areas of Metro Manila, Cavite and Cebu. It is the developer of many large-scale developments: residential condominiums, office buildings, retail and commercial centers, mixed-use townships and master-planned communities. A few of Federal Landโs legacy projects are the iconic GT Tower International in Makati, the vibrant Metro Park in Bay Area, Pasay City, and the luxurious Grand Hyatt Manila in Bonifacio Global City.
With a strong support network of the GT Capital conglomerate, Federal Land will continue to develop properties faithful to the needs and aspirations of the people and, dedicated to shaping the transformation of the whole nation.
With the rising demand for residential space and the massive urban development, family dwellings evolved to accommodate the needs and aspirations of a modern family. While the ideal family home is a charming house and lot in a suburban village, more Filipino parents appreciate the value and benefits of raising their family in condominiums.
Real estate developers recognize the current demand and commit to developing secure and family-friendly communities in the Philippines. Here are three important benefits that condo living offers to starter families.
Easy Access to social environments. Most condominiums are strategically located near business districts, prominent schools, general hospitals, shopping centers and entertainment hubs creating a positive social environment for the whole family. The children can attend more school programs, join the nearby sports clubs and explore urban adventures. Parents will have less commute and more time to help the children with homework then have dinner with the whole family.
More intimate living space. A thoughtfully-designed condo has living spaces encouraging family togetherness and neighbor camaraderie. The ample size of condo units are adequate to bring the family closer, and the shared amenities such as the pool and playroom provide opportunities to meet friends and cultivate a strong sense of community. It is easy to set up play dates, sleepovers and interest clubs when your friends live down the hall. Moreover, these communities have a homeowners association that organizes small social events like weekend barbeques, Halloween parties, and Christmas bazaars.
A Secure and Exclusive Community. Safety and well-being are the top priorities of every responsible parent. Securing the familyโs welfare is better managed in a condominium. Residential towers come with CCTV cameras, fire suppression systems, power generators and security services 24/7. Residents have access keys for their privacy, and unannounced guests are screened at the lobby. More importantly, kids play a safe and contained area within the community grounds and not out on the streets.
Itโs easy to understand why these factors are valuable to families โ positive and safe social environments are conducive to fostering social relationships that are good for childrenโs development, health, and well-being. That is why Horizon Land creates accessible and nurturing homes and communities geared towards adding value to the lifestyles of individuals and families.
The top real estate developer, Federal Land Inc., through its subsidiary Horizon Land, is the developer of various outstanding family condominium communities in Metro Manila. Its latest offerings include the Mimosa tower of Peninsula Garden Midtown Homes in Paco, Manila; Baler tower of Palm Beach West in Pasay City; and the Sienna Towers in Marikina. Peninsula Garden Midtown Homes is the largest garden community in Paco, Manila with more than 50% of the property dedicated to an open area that allows for great outdoor adventures and enough space for relaxing and bonding with loved ones. Siena Towers is a two-tower condominium along Marquinton Drive that offers residents a beautiful and secure home in a vibrant community with a mall a few steps away. Palm Beach West is a resort-inspired residential condominium development located within a master-planned community โ Metro Park, in Entertainment City along Macapagal Boulevard Pasay.
With Federal Land, owning a family condominium residence is easy. Just contact a representative to inform us of your intent to buy, provide a Philippine government-issued ID (with your Tax Identification Number), fill up the required forms, pay the reservation fee and voila! The unit is yours. And we are ready to start your home loan application through in-house or bank financing.
Want a garden in your condo but space, sunlight and time are a concern?
Try to grow small plants in a terrarium. A terrarium is a mini garden usually sealed in a glass container like fishbowl โ like an aquarium but for plants. Terrariums are perfect for condo homeowners as they easy to maintain with just some moisture and glances of light. You can place it on a coffee table or a shelf, arrange for indirect light and an occasional mist of water โ and they will be a healthy and delightful sight in your home.
Making a terrarium is surprisingly simple. All you need are some creativity and planning. Here is the step-by-step DIY terrarium.
Directions: Step 1: Prepare the Container
You can use any clear glass container like an aquarium, fish bowl, jar, vase, coffee pot or hand-blown glass terrariums. Wash the container and remove any stickers, tags, screws and other things unnecessary in the garden.
Succulents and cacti prefer lots of air; they will thrive in an open container. While most tropical plants like moss and ferns favor humidity; a container with a lid might be best for them.
Step 2: Create a Drainage
Fill the bottom with pebbles to create a drainage layer to avoid soaking the soil and plants. The size and depth of the rocks depend on the size of the container.
Step 3: Add the Activated Charcoal
Cover the layer of rocks with activated charcoal (carbon) to filter the water, prevent fungi growth and keep the ecosystem healthy.
Step 4: Fill in the soil
Fill the container about halfway with the appropriate soil. Succulents need cactus soil while other plants need regular potting soil.
Step 5: Plant the plants
Take the plant from the pot and brush off the old soil carefully around the roots to fit well in the terrarium. Plant the plants from largest to smallest, and pat down the soil lightly so as not to be uprooted easily. Avoid overplanting. Give plants some breathing room for growth and landscaping.
The most important thing is to choose tiny slow-growing plants to avoid overcrowding. You will also need to consider the plantsโ environmental needs like soil, water and light requirements.
Step 6: Decorate
Add little figurines, rocks, sands, moss or dรฉcor piece to the landscape. Imagination is the limit for a whimsical garden world look.
Step 7: Maintain the Garden
Water the terrarium once a week. The soil in an open terrarium should always remain barely moist, and not dry. Closed terrariums should almost never need watering. If the glass gets moist, open the lid to let some water evaporate.
Terrariums are essentially miniature greenhouses. Remember not to place the terrarium in direct sunlight or hot areas, as the glass will trap the heat and scorch the plants.
Prune dead leaves to prevent rotting. If a plant dies, remove it immediately to maintain the health of the ecosystem.
Happy planting!
In case making a terrarium yourself ignites a gardening enthusiasm previously unknown, why not avail of a condo unit with a pocket garden for sale at Peninsula Garden Midtown Homes located along President Quirino Avenue Extension and Penafrancia Streets. Peninsula Garden Midtown Homes is claimed to be the biggest garden community in Manila with more than 50% open space for outdoor adventures and quiet relaxation for the whole family.
With Federal Land, owning your first condominium residence is easy. Just contact our representatives, provide a Philippine government-issued ID (with your Tax Identification Number), fill up the required forms, pay the reservation fee and voila! The unit is booked under your name. You are now ready to start a home loan application through in-house or bank financing.
In compliance with Bayanihan to Recover as One Act, qualified clients are entitled to a one-time 60-day grace period for payment due dates between September 15 to December 31, 2020 with accrued interest.
The one-time grace period will start from the due date and 60 days thereafter. No penalty charges for late payment shall be imposed for the said period.
Qualified clients who wish to avail of the payment reprieve may contact Customer Service 10 days before the due dates of each amortization
at customerservice@federalland.ph with subject line [avail60_unit number_project] or call 8886-0000/0917-8271893, Mon-Fri, 8AM-5PM.
We hope you and your loved ones are safe and healthy!
Enjoy culinary dishes from Grand Hyatt Manila in the safety and comfort of your home!
A variation of delectable cuisines and confections are made available through their online ordering system. To order, visit bit.ly/DineAtHomeGHM.
For inquiries and alternative ways to order, please call +632 8838 1234 or email manila.grand@hyatt.com.
Are you finally moving out of your parentsโ house and moving in together with your partner? Here are some newlyweds buying tips to guide you in making the right decision.
Summer is almost here, and with it comes the desire to make everything in your condominium bright and airy. The sun is shining, flowers are blooming, but if the insides of your unit feel gloomy, crack open your windows and deep clean your condo.
