Archive for year: 2023

UNESCO announced that Iloilo City has secured a spot on its Creative Cities Network, specifically representing the field of gastronomy.

Understanding the Basics of Buying a Preselling Condo as an Investment

Whether you’re a seasoned real estate investor or a first-time buyer looking to diversify your portfolio, understanding the basics of investing in condos is crucial.

Investing in real estate, particularly condos, has become increasingly popular due to their potential for long-term appreciation and rental income. However, it’s essential to approach this venture with careful planning and research.

From understanding the benefits and risks associated with investing in condos, evaluating market trends, analyzing financial aspects such as expenses and returns, to finding the right location and assessing potential rental demand – this article got you covered.

Value Appreciation is Crucial

Property investment primarily revolves around appreciation, and real estate is arguably one of the least volatile types of investments. It is almost always certain that a real estate property will appreciate in value over time, especially if it is located in a prime area and developed by a reputable company like Megaworld Corporation.

Iloilo Business Park is undoubtedly the best address in Iloilo City. Nothing else even comes close. With its preselling condominium projects that consistently increase in value and demand over the years, it has proven to be a wise investment. This has been demonstrated by the success of past township developments.

In Iloilo City alone, preselling condos have been known to be resold at double their original preselling price. A 200% return on investment is not impossible in developments like Iloilo Business Park.

Tangible Asset

Real estate is a tangible asset with limited availability. While new properties can be constructed, the amount of available space remains finite. As demand for real estate rises, the value of these assets naturally increases as well.

Investing in preselling real estate assets like condos is a smart choice because you’re getting something tangible and in limited supply. Plus, you have full control over your investment. And let’s not forget that you can increase the value of properties by renovating, reconstructing, or repairing them.

Pre-Selling vs RFO

When it comes to Megaworld Iloilo Business Park, the main differences between pre-selling and RFO (Ready for Occupancy) units in terms of ROI potential are appreciation rates, and the immediate need for passive income.

Units that are pre-sold often experience a much better appreciation rate. For example, a studio worth 3 million pesos today could potentially double in value to 6 million pesos within a span of 5 years or less.

However, please keep in mind that you obviously cannot utilize your unit as a rental property while it is being presold for a significant duration of time.

On the other hand, RFOs (Ready for Occupancy) are ready to be used as rental units. However, they come with higher costs, stricter terms, and their value appreciates at a slower rate compared to preselling projects.

Discounts, Easier Terms, No Down Payment, Zero Interest

Usually, the terms used in preselling condo units are the best you can find. There are various discounts being offered. All you need to do is ask a certified specialist or senior manager from the company.

Preselling properties such as Firenze Residences and The Pinnacle are offered with no down payment and zero interest. This is because it is an investment that will grow over time, and it allows you to spend at a controlled rate with friendly payment terms.

If you need more information about preselling units in Megaworld Iloilo Business Park, contact Senior Sales Manager, Ernest Ian Jagorin. You may use the links below.

DO YOU HAVE QUESTIONS ABOUT OUR PRESELLING PROPERTIES?

Contact

Mobile / SMS / VIBER / WHATSAPP:
+63 928 503 5321

Email: consult@iloilocondominiums.com

Our loft units are the first to sell out, especially the 1-Bedroom Loft units. Fortunately, one unit has been reopened, and you can reserve it to make it yours.

FAQ page of Firenze Residences. Go to this page to get your questions about the project answered.