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HOMEBUYER'S TOOLKIT
BY SMDC August 24, 2022 • 3 min. read
Real estate presents a great investment opportunity. Unlike securities and other investment instruments, it is generally impervious to deflationary forces caused by economic crises such as this pandemic.
Because it is tangible and real, its value keeps increasing over time. With a huge housing backlog and a continuously growing demand for rental properties, investing in a condominium now can immediately give you good ROI.
Like most people, you are probably dreaming of owning a home, but taking that first step can feel intimidating and scary. This is one important decision you will have to make with your hard-earned money, after all.
If you want to invest in real estate but do not know where to start, or are unsure about your financial capability or too anxious to even try, here are tips to help you get started.
EVALUATE YOURSELF
Determine your net worth. Start by enumerating your assets, such as your monthly income, bank savings, car and jewelry. Then, list down all of your monthly expenses for necessities, car loan, credit card debt and personal loan. By subtracting your liabilities from your assets, you now know where you stand financially and if you are financially able to buy your first property.
BE FINANCIALLY LITERATE
Listen to podcasts, watch webinars, read articles about real estate investment, or explore other online tools that will help you make wise financial decisions. This will guide you on what to expect when investing in real estate. An interesting and worthwhile read is found in this article.
CONSULT A PROFESSIONAL SALES EXECUTIVE
Armed with enough information about your financial capability, it is now time to get in touch with a professional sales executive, who can help you familiarize yourself with the types of units and key features of their products. They will be able to help you find the most suitable properties according to your needs, budget and product preference.
DO YOUR RESEARCH
Before making a commitment, evaluate the housing situation and the location of the property you are eyeing. Assess potential value of the area. What are the current and future developments around it?
One known developer that offers properties situated in prime locations is SMDC. Its properties offer five-star amenities and commercial establishments within the community. With this make-up, you are assured of continuous increase in property value, which will also mean steady rental growth.
MAKE AN INVESTMENT NOW!
Before making a commitment, evaluate the housing situation and the location of the property you are eyeing. Assess potential value of the area. What are the current and future developments around it?
One known developer that offers properties situated in prime locations is SMDC. Its properties offer five-star amenities and commercial establishments within the community. With this make-up, you are assured of continuous increase in property value, which will also mean steady rental growth.
INVESTMENT TOOLKIT
BY SMDC September 26, 2022 • 3 min. read
While investor confidence in Philippine real estate has been sustained over the last two years despite this lingering pandemic, the continued recovery of the economy points to an expected and much awaited rebound for the industry. Coupled with the high vaccination rates and increased remittances from Filipinos working overseas, the real estate industry is seen to finally gain ground this year.
“Philippine commercial real estate sector (is) poised for recovery in 2022,” property consultancy firm Santos Knight Frank recently claimed in a statement.
DEMAND PICKING UP
Santos Knight Frank explained that the country’s commercial real estate market will see an uptick in activity as the economy re-opens, with resilient sectors such as industrial and logistics expected to continue thriving, while other segments are seen to pick up in demand this year.
In particular, the demand for residential properties, especially in the condominium rental market in Metro Manila central business districts, will pick up as a result of re-opening borders, higher vaccination rate, and return-to-office programs, according to Santos Knight Frank.
RECOVERING PRICES
But even as early as the third quarter last year, real estate prices have already started to increase.
During the said period, nationwide house prices rose 6.3 percent year-on-year according to the Bangko Sentral ng Pilipinas’ Residential Real Estate Price Index (RREPI). This uptick was attributed to “stronger consumer demand for residential property, particularly townhouses and condominium units.” “This was also consistent with the outcome of the Q3 2021 Consumer Expectations Survey (CES), which showed a higher percentage of consumers preferring to buy real estate property in the reference quarter amid signs of economic recovery,” the BSP added.
EMERGING TRENDS
Making the right choice, however, will entail new considerations as the pandemic has drastically changed lifestyles and prompted shifts in preferences. These, in turn, paved the way for new trends to emerge.
Given the lockdown experience during the pandemic, many are now putting a premium on convenience brought about by proximity to all essential establishments—meaning, shops are just a short walk from where they live. Many are likewise looking for homes or residential buildings that can provide access to natural lighting and ventilation as well as ample open spaces, greenery, and lush pocket parks.
ONE STEP AHEAD
SM Development Corp. (SMDC) proves to be one step ahead as always as its residential communities were able to readily cater to these changing needs and new considerations, even at the onset of the pandemic.’
Having pioneered the integrated mall lifestyle concept more than a decade ago, SMDC has long been providing residents and locators unparalleled convenience offered by a complete community. This came especially useful during the early months of the pandemic when movements were severely restricted as SMDC residents were only a short walk away from a mall or a commercial strip–a staple feature in all SMDC developments.