What Kind of an Investor are You?
The 6 types of Iloilo Business Park Property Buyers
Iloilo Business Park (IBP) offers real estate investment opportunities like no other in Iloilo City.
It has the fastest value appreciation rate in the region and the demands for rental and accommodation is incredibly high.
IBP has condominium units across 5 different projects, and Belmont Hotel shares — the hottest property investment opportunity right now.
People buy real estate properties for various purposes. Investors’ objectives greatly affect their buying choices especially the type of unit they choose to buy.
Here are the 6 types of Iloilo Condominium buyers:
The Retirees
Ilonggos who have been staying abroad ultimately want to go home and spend their twilight years back home.
Alas! Iloilo City is now considered as one of the most livable city in Asia. The convenience, peace, and prosperity of the city made it enticing for Ilonggos abroad that had already paid their dues to retire in Iloilo Business Park.
Retirees value space and comfort more than anyone. They favor 2 Bedroom and 3 Bedroom units. Sure they are pricey, but the quality and luxury is assured.
Preferred units:
Lafayette Park Square UNIT H, The Palladium UNIT I, Saint Dominique UNIT K and UNIT L
Appreciation Parkers
Investors savvy in real estate know that the most important thing about property investing is the rate of value appreciation. In order to win big in this game, you must be able predict the future value of properties.
With regards to Iloilo Business Park property values, you do not need powers or the timestone to predict future values. All you need to know are these things: a) the overall development plan and b) how the developer operates as it goes along with the plan.
If both of those things mentioned are exceptional, demand for the properties increase. Increase in price and value would follow. Their interests lie in how much they would earn on the eventual resell.
No obvious preferences with regards to unit type.
Long Term Landlords
These investors just want to own units merely to have them rented and they prefer long term leases because they bring in reliable cash inflow with very minimal management hassles.
Executive Studios and small 1-Bedroom units are heavily favored by this kind of investors.
Preferred units:
PLDM Executive Studios, Saint Dominique and Saint Honore small 1-Bedrooms
Transient Opportunists
These are the type of people that sees the opportunity in transient stay rentals. These investors know that Iloilo City will be flocked by expats, tourists, balikbayans, and vacationers… and they know that there is going to be huge demand for Bed and Breakfast accommodations.
With the rise of AirBnB, Iloilo Business Park condominiums would be very inviting for short term stay.
These clever investors favor small units such as studios and they are willing to get units in volume based on their budget and objective.
Preferred units:
Studios and Executive Studios
The Flexible Ones
These are investors — many are mixed marriage couples, and some are young OFWs or immigrants abroad. Most of them are still living or working outside the Philippines and they frequently go back to Iloilo for various reasons — e.g. vacation, getting back home, attending businesses, or simply preparing for eventual retirement.
They are open to have their units rented when they are not using them. After all, it’s passive income.
But they certainly want to use their units as their home when they are here in Iloilo.
Bigger 1 Bedroom units and small 2 Bedroom units are popular for this kind of investor.
Preferred units:
The Palladium 1-Bedroom Units, Lafayette park Square 1-Bedroom Units, OMP 3 E
