Buying a Condo in BGC Philippines? (2022)

Buying a Condo in BGC Philippines? (2022)
#philippines #manila #bgc

[@nickpzobel]

This is the content I've been waiting for! Traveling around the country is nice, but watching your adventures settling in a new city is more fun! I honestly wouldnt mind a month of you just vlogging your daily life in BGC. All the content creators in the Philippines seem to be doing the same old, same old 'aesthetic' island life these days... I love how you're not following the trend, Mergim! I'm looking forward to following your journey 🤗

[@nat0106951]

yeah this

[@onlynice9567]

I like Mergim talking and explaining random topics and just going around 😅 He's a very good speaker, actually he can do side hustles here being events host, real estate agent, VJ or anything that involves explaining things

[@malpete]

Indeed 👍😁

[@melodydalubatan560]

CONGRATULATIONS 👌🎯 WELCOME TO YOUR NEW JOURNEY HERE IN THE PHILIPPINES 💕💕💕💕 JUST ALWAYS STAY SAFE

[@amaliahightower]

Always good to see a new video from you Mergim ❤ Rain or shine we can count on you ! Glad that you’re back in the Philippines and will support you everywhere you go with your travels. Ingat lagi 🙏

[@30AndAWakeUp]

This is great! You should do more vids about owning!

[@dolores8854]

That was very informative. Thank you, Mergim! For young single person like yourself, it's a great investment. Philippines is growing fast and a prime time to invest in Real Estate. Good luck!

[@crissantiago6615]

Filipinos are very welcoming to a great man. Just like you Megin. You are relatable, unassuming and real.

[@maricelamoda8755]

If you want to rent condo there's a lot in Makati Area not to much expensive like in BGC.. You can check Cityland Gil Puyat Makati.I think they have 10 to 15K for a month.They have long terms 6 to 1 year also.We are always watching your vlogs.

[@PtrPrkr-lw8yq]

Owning a satellite home base here in the Philippines was quite an investment instead of renting monthly. 😁👍💕

[@romeobulalaquelee]

That's great to know, Mergim! The peace and serenity evident in you now would certainly bode well for the outcomes of your long-stay in the Philippines. Here's to the best!😀

[@JessaKChannel]

You should buy one, my friend. It will be good for the future! 🙌

[@seeteemahsuu]

hey mergim, it was great to randomly meet & chat with you earlier. like i said, you inspired me to travel for a "change of scenery". keep on doing your OG vlogs! cheers! 👍😊

[@seeteemahsuu]

p.s. i hope your condo agreement signing went well. cheers again!

[@lucillegil5306]

This is a very content for foreigners who wants to buy 1 bedroom on the BGC area … spot on , very informative hopefully more of this.

[@rotneder2814]

Why won't you try in other locations such us Rockwell, Ayala in Quezon City, Ortigas or in Makati?

[@condosbydhea]

Nice meeting you yesterday Sir Mergim ✨

[@carmencitaestares4591]

Pinoys love you Mergim! Don’t you feel at home in the Philippines? If you do, please consider investing for a home.. we love to see you around.. i miss my country and watching you everyday feels like am home as well.

[@kenmcleod8618]

He can’t own a house here

[@elisaptomines]

@@kenmcleod8618 but he can own a Condo

[@carmencitaestares4591]

@@kenmcleod8618 Foreign nationals may buy condominiums units in Philippine condos (shares in condominium corporations) as long as not more than 40% of the units in a project are acquired by foreigners (Republic Act 4726, otherwise known as the Condominium Act)

[@jessasoliano797]

@@kenmcleod8618 they can buy condo units instead, that's why he is looking for units for future plans in the country.

[@ponypower8]

Good to encourage him to invest in the Philippines. I hope you've also invested in the Philippines as well.

[@virgilioescalona145]

Please feature more condos because we’re also interested in owning one 😀

[@MJ96063]

I'm selling my condo units way below market value w RLC at Galleria Residence, Cebu. Would you like to buy?

[@snowtyboy]

You have to contact mike of making it happen blog. His condo air b nb is now finished. It's located at venice mall.

[@linorongavilla5845]

You can talk to George and Lucy, the juicy vloggers, they are also British people, they own a condo here in the Philippines.

[@truthhurtsalways4u]

Oh yes lucy and hubby are just waiting for mergim to contact them 24/7.theyre not bz at all like you presume. You need to get the permission of other party ,if theyre willing to be contacted by other vloggers,out of respect. There are so numerous commenters who do not think deeply ,before they post!

[@eli.capinbxu]

He doesn't even know them and they are not experts on marketing condos. The only experience they have is owning one.

[@axizcorp]

Juicy's agents sells upscale and highend condos. Their subs is more than a 100K so they were able to afford a condo.

[@marilousumo226]

We are delighted to know you have plans of buying a condo unit here in BGC .. take care

[@Craig_in_Asia]

Really great video. I have just bought a condo in Pasay and will be moving in February. I'll be vlogging too 😊

[@michaelfallas4443]

Hello to you, I live in the BGC area. If you do a rent to buy scheme the bank will reduce your monthly payments considerably for about 4 years to say 25k php, but after that you will have to come upto scratch and your monthly payments will be way higher. The 25k php is only a deferred payment, you will pay the difference down the line. After those 4 years if you can't make the payments you will lose your condo and that happens a lot, condos being bank re-possessed. Take a lot of things into consideration and be careful. Hope this helps.

[@michaelfallas4443]

@@friarnewborg9213 In probability, the deposit will be lossed too.

[@friarnewborg9213]

@@michaelfallas4443 : that is the Risk. Reduced in some cases by MACEDA Law. check it out

[@dutch9664]

Well in most cases foreigners have extra cash, buying condo in BGC is investment you can rent and visit Philippines twice a year Airbnb can do the rest, young professionals travelers is good way to describe it.

[@friarnewborg9213]

@@dutch9664 How are you going to manage your AirBNB business, if you are not in the country? There are many headaches involved

[@dutch9664]

@@friarnewborg9213 there are realtors that manage small commissions, in my case i grow up in the country I have permanent driver he clean the property after each rent Airbnb advertise and collect the money..

[@raymundcordova1016]

Best news ever!!🎉👏🤩 We love to have you here in the Philippines permanently Mergim!🤗👍🏼 I have to admit condos can be a quite expensive. God bless and stay safe!! ❤️❤️❤️🇵🇭🇬🇧

[@paulcapuli11]

yo! good to know you are back! remember me? we met at starbucks (gateway mall)

[@pengmagno7395]

BGC is so expensive that even some well-off friends do not recommend buying there! It’s all about what you can afford. Best of luck on house hunting.

[@EmperorAelius]

Then your friends are not wealthy enough, simple as that 🤫

[@DevilMadeMeDoIt666]

Has nothing to do with being wealthy or not, it’s a bad investment. A one bedroom sells for up to 20 million, but you can’t rent it out for more than 40k at the most, bare. That’s 41 years (!) to recoup your investment!!

[@homerdelossantos1832]

Consider Brixton Place which is just on the other side of the bridge that connects Pasig to BGC.

[@ponypower8]

👍👍 very short drive, less than 5 minutes. Just a mile or so away.

[@t888]

This is very helpful video. Huge thanks!

[@mikeegeronimo3718]

We all love u too stay here for good... ❤️ Love yah 😘

[@januslog]

Just launched my 🇵🇭 video series and was also approached to buy a condo in Manila. I wonder if renting isn’t less hassle. Could imagine that selling could be difficult, unless it’s a really attractive condo?

[@wavemaker2077]

If your condo unit is in bgc, then it is always attractive. The location of the condo unit is important. Look at the neighborhood. If it is located in a depressed area, then don't expect it to be attractive.

[@royignacio9932]

Welcome back; it's a good idea to buy a condo, whether a straight purchase or rent to buy.

[@jessiesantiago7994]

You definitely hit the mark. Videos don't have to be all about travel but just watching your daily life could be entertaining.

[@ronnienestor]

Finally, a vlog fr Mergim :)

[@injing]

This is a different and interesting content, it helped me in my inquiry on buying a condo in the Philippines.Thanks

[@poppylove1647]

Proud of you Mergim! Goodluck on your new endeavours! Cheers mate!❤️

[@denniszenanywhere]

Mergim, I'd like to hear you do some video explainers. I think you have a talent for explaining things clearly. Please do more of this real estate thing, all round PH? Curious to know how much for different parts of the country.

[@shymaldita2896]

I think the best person you can also ask is Mike of Making it Happen Vlog or George of Juicy Vlog since they both have purchased a condo already in the Philippines as a foreigner

[@millennialinmanila5621]

Maybe you can try condo across the Pasig River in the side of Pasig City. Just a bridge away from BGC. It’s DMCI or you can try Vertis North CBD in Quezon City. Once subway is finished, it will be just 30mins away.

[@ponypower8]

👍👍 very short drive, less than 5 minutes. Just a mile or so away.

[@MV3M]

Very helpful content. Thank you.

[@perlaaguinaldo]

Good morning mergim nice to here that you are planning to buy a condo here. Just like make it happen vlog and george and lucy. thanks for always visiting phillipines. take care and God bless you always. 👍✌😍🙏🇵🇭

[@ceciliaabrilla3841]

Before you buy you have to try diferent developers so you can compare. Try also Robinsons also very reliable price affordable to fi your budget

[@steelsheen]

i just saw this vid 😅 i came from the Juicy Vlog channel. you got yourself a new subscriber Mergim👍 you can also try to talk to George and Lucy or Making It Happen Vlog's Mike or Nelly more as they know the Philippine real estate market from a foreigners' perspective pretty well by now, might help you with navigating requirements from foreigners that sometimes local real estate agents forget to discuss or wouldnt know too well given that most customers are still local Filipinos.

[@travelwithmyfamilee8185]

That's good idea .. 👍🏻👍🏻👍🏻👍🏻

[@malpete]

No skipping ads 👍😁

[@alvinniloenrile527]

Try to get in touch with juicy vlog a couple vlogger from UK and they recently arrived in the Phil's. and they have a condo here in the Phil's. That was purchased a yr ago .so you have àn idea on how to go about it.

[@RDDTVCEBU]

Rent to own scheme is the same as paying your monthly ammortization at a given o r certain term e.g. 36 or 72 months, its a sort of marketing strategy actually.

[@lyndonsadie]

Very informative, must know infos for adult like us 😅 but seriously thank you for must knows regarding condominiums in BGC. Very helpful for a OFW like me.

[@alang.santos1841]

You are one vlogger who talks straight to the point, and really curious, just like Mike and Nelly when they first went to the country. I feel you could really stay longer and even, become permanent residents like them.

[@friarnewborg9213]

Mike and Nelly were my neighbors, sorry to see them Split after all the years together.

[@stevens8785]

340,000 Aussie dollars for a one bedroom in that location seems like excellent value. The only thing that I was surprised at was the low budget quality of the kitchen and also the stand alone wardrobe instead of having built in which looks cheap and nasty also. The bathroom actually looked nice though. I'm assuming foreigners can purchase and 100% own property in their name only. In Thailand I believe a Thai national must own 51%. What is the situation in the Philippines?

[@1966bluemax]

60% of the units must be Filipino owned. The other 40% can be purchased by foreigners

[@stevens8785]

@@1966bluemax wow well thanks for that and there you go. Surely Mergim was made aware of that!

[@amaliahightower]

@@stevens8785 Foreigners can purchase condos but not land/properties. From my own experience when I was looking at condos and houses they are not good quality. They use the cheapest materials and you’re right looks ugly. It’s not worth buying for the price they’re selling it for. I had my house built where I bought good quality materials for less money than the condos Mergim showed us.

[@stevens8785]

@@amaliahightower cheers. Hopefully Mergim takes all this on board with his decision making.

[@MJ96063]

I'm selling my condo units below market value w RLC at Galleria Residence, Cebu. Would you like to buy? Units are on the 19th and 20th floor, turnover 2024.

[@natsumidesu8019]

The price of the condo’s now are way high compare to three years ago, before you can still find around 50 to 70k USD for a single room condo unit.

[@wavemaker2077]

You mean in bgc? Bgc condos have always been more expensive than in other places.

[@natsumidesu8019]

@@wavemaker2077 not in BGC but even not in BGC the cost of condos now starts at 100 to 120k USD in thw whole of MM.

[@lemnikim7388]

Good luck Mergim on your search.👍🏼❤️

[@EmperorAelius]

Here's my regularly comment and like 🌚 Mergim you are so handsome in the thumbnail

[@ricmanalo434]

New subscriber here,now I have to back track on all your vlogs.😀

[@orlandol.telesforo9597]

Hi there 👋 I hope you are doing well. 🤙 yeah, I saw you in GeorgeLucy&Koda, vlog. It’s more fun having you in the Philippines 🇵🇭 🇬🇧🏝🤘🙏☮️ thank you for sharing your video. Enjoy your stay and take care. 😊🤙

[@ambrosioribaya896]

Why not consider Newport City. Where Resort World Manila is. And across NAIA terminal 3. 20-25K for 1 BR is easy. You have not been there yet. You’ll love it!

[@janechu1009]

Welcome back kuya🎉🎊

[@lmo304611]

Missed your vlog in the Philippines. Welcome back.

[@rudd2962]

The view is very different from the hotel one you shown in your last episode, the latter is the one that is worth yearning for .. You'll probably be sick of BGC after a few months so may be a good idea to just rent for 2 - 3 mths at some glamorous place with a good view to live it up while it lasts .. Manila condos are hard to sell at fair prices if i recall so better dig deep n be very sure that you are staying in for the long haul before considering anything .. Reputation of the developer is super important here as many places are badly maintained after the first two "honeymoon" years .. so will need to do the legwork to visit 8 -10 year old projects previously done by them to have a feel of their maintenance standards n see how responsible they truthfully are ..

[@rogerx9298]

Very good advice. Also try to ride their elevator to see how much it has degraded, and how long you have to wait to get to/from the ground floor. I've always chosen the 2nd or 3rd floor after I lived on the upper floors for several years. I just got tired of waiting and riding crowded elevators.

[@prescillagcon]

Just the right vlog I needed. We are going on vacation next year to visit family and friends after 10 years! and possibly look for a condo around BGC to buy. We might be moving back in 5 years so my son can go to school there.

[@lincolneserio7620]

THANK U FOR VLOGGING IN THE PHILIPPINES..... UR SUCH A WONDERFUL PERSON... ENJOY STAYING HERE IN PHILIPPINES...

[@MultiPasswordman]

i hope seda bgc gives you a good deal. You will save a lot of $ just because their breakfast buffets are amazing (and normally included in price), the gym is CLEAN and the aircon blows COLD, the pool is awesome, and the staff-well, just look at them! They are the best, most professional staff we have encountered!

[@wavemaker2077]

How much is the usual monthly rent for a single bedroom unit?

[@sdickinson5234]

Christmas season starts in September in the Philippines because many people work overseas and are only able to return home for a short time each year, which may not be in December. The family will celebrate Christmas at the time that the overseas worker is able to return home.

[@BRONSTEINER]

Very informative!

[@catherinetan790]

Hello Mergim ... just try to RENT per month for a condo unit ... anyways you will just be here for 5 to a year perhaps ...there are some condo owners who are very considerate in negotiating condo units like less than 20K / month .... makati are or in BGC ares too .. you can reach out to them thru your vlog ....🤩

[@richieliper4720]

There are lesser priced good condos in Ortigas, Quezon City, Manila.

[@1lolofred]

Hope you will enjoy the country when there's no more rain. Welcome. a new subscriber here.

[@weeooh1]

Similar to Bangkok. New buildings have very small units, older buildings more spacious ones.

[@stevea4982]

Be careful of the lease length period for condos there as some are relatively short. They might not be as long as the typical lease length period you'd get for flats or apartments in London of around 125 years

[@RedTitan5]

Will you leave that long like the deceased queen.????..wahahaha

[@nat0106951]

@@RedTitan5 ever heard of your possible future children? 😂

[@wavemaker2077]

@@RedTitan5 *live

[@RedTitan5]

@@wavemaker2077 you will die it means wahahaha

[@RedTitan5]

@@nat0106951 no...how about you...it means my argument wins wahahah

[@Henyo1070]

You might want to get in touch with other foreign vloggers who have decided to move to the Philippines on how they did it. There’s Mike of Making it happen vlog and the British couple George and his wife Lucy of the Juicy vlog. They actually became good friends here and have bought their condos in BGC. I think Mike also set up his own business here.

[@truthhurtsalways4u]

I hate people who suggest to vloggers to contact other vloggers for assistance or colab. Dont you think the other party will like it. Theyre busy with their lives and being contacted by other vloggers may be a threat to them as theyre competitors. just fontbassume that one vlogger does not watch other competitors vlogs as thats very elementary! Its likely they know more than you do!

[@eli.capinbxu]

Pls stop recommending to Mergim about these other vloggers. They are not experts on marketing or selling condos. Leave Mergim to talk to real estate agents.

[@trentdiaz8197]

*_It is perfectly normal for foreigners to contact other foreigners to see if they encountered any issues while doing real-estate transactions, particularly for foreigners. Much the same way if you're a Filipino who wants to buy real-estate in the UK--wouldn't it make sense to check with other Pinoys who did the same??_* Mergim knows what to do, he's not a kid, he'll ask for help if needs it._* 😎😎😎😎

[@dantesalazar7805]

@@truthhurtsalways4u suggesting not a crime

[@edj4240]

@@truthhurtsalways4u that's a weak scarcity mindset. There is plenty to go around on youtube and collabs are mutually benefical time and time again. I'm going to check out the suggested channels now thanks to the above suggestion.

[@nikkoelnar8366]

Wow, so great to watch your vlogs again. Bonjour from Paris !

[@matthewturnbull8506]

Hey! I recognize you. We rode a very late bus together from Cebu City to Moalboal. Once we had arrived, you helped me negotiate a lower fare for the ride to my hostel. Thanks again!

[@mariaisabelc.reponte569]

Hello Mergim. Watching from Cebu.. welcome home.

[@Canada93214]

am happy to see you back ib the look am very sure the filipinos will be happy to see you back you take care mergem goodluct to your new condo enjoy

[@deetl]

I’m glad you’re back!

[@micho474]

The convenience of all the shops around your UPTOWN Condo fantastic. I saw the eventual unit you decided on. The space is kinda tight but for your lifestyle and planned duration of stay, it’s a steal.The unit rented for P55K/month with that fantastic view,too, was so good…

[@ZeCabreira]

But I think foreigners are still not allowed to own properties in the Philippines (except for the Chinese, I think).

[@batangpromdi4752]

check other city nearby Makati or nearby bgc little cheaper, like pasay, mandaluyong, pasig or quezon city

[@raldycaringal6991]

You can get in touch w/ Juicy blog or making it happen blog...they both had condo's in bgc

[@friarnewborg9213]

RENT TO BUY... is often a MORE expensive way of Buying. Pay attention to the Size of the Balloon payment at the end

[@oxoelfoxo]

Give them feedback on the sour coffee. They probably need to up the brewing temp or grind the coffee finer

[@jayoeuropa3344]

there are some foriegner vlogger who purchased a condo unit in the philippines... i think u can ask some advices from them... the juicy vlog is also from u.k.. and they've already owned condo unit in bgc.. also making it happen vlog.. they can help u out for sure...enjoy staying in the philippines.. be safe..

[@007thematrix007]

@ 1:45 uptown mall 🎶 u've been livin' in an uptown world .....

[@yoooRenegade]

You can look into Eastwood area as well.

[@precyjardin]

Hi Mergim your back in Philippines ♥️♥️♥️ Keep safe always....BGC is good to consider as second home😍

[@benitacanlapan4827]

You’re back

[@TheSpicyLaingTravelTV]

Watching from Manila

[@joank9425]

Thank you for appreciating our country . Also, love Marugame Udon! Keep safe Mergim

[@flowingwater8819]

Wow! Bro. congrats. Mabuhay youll back again but this time you stay here for good.

[@v.b.554]

hey Mergim, nice to see you back i in the PH; We missed you dude.

[@Charles64]

I feel that mergim has a planned to live in the Philippines 🇵🇭

[@merdulza818]

Find somewhere outside of bgc nearby cities its more cheaper because bgc is in business district .Go to Pasig, Taguig area ,condo rooms are cheaper and affordable.

[@Gregory-Masovutch]

Buying these condos is generally a bad idea. The prices are highly inflated with no equity and most investors just use management companies to rent the units through Airbnb or Bookings. Some do Facebook marketplace. When you factor in $40-$50 a night, commissions, cleaning fees, management fees, it’s a very low rate of return. Better you use your money for something else.

[@marydexplorer6370]

Nice condo tour..find d best! Keep touring around then u find d gold!😀

[@adelinahipolito67]

I'm so happy for u Mergim, good ur plans. 👍🙂🙏❤️🇵🇭

[@floren879]

Great vid

[@redore2831]

If i just have money i will also buy a condo or a house for investments. The Philippine economy is no other way but to go up. New graduates every year, skilled and english fluent, it's every Int'l company basic needs, businesses will all be directed to the Philippine economy. Buy a condo now and make 3-5x profit in a few years.

[@stevanartstv1650]

Nice content, very informative...

[@cecilroldan280]

Good morning Mergim, if you want to stay here for good in Philippines i think you can find condo not here in BGC maybe somewhere in Taguig or some neighbouring place a bit cheaper if you want.

[@jackielyn4430]

my daughter is one of the occupant in that condo... Of all the condos that she lives in this one has the nicest staff... And in my opinion very sturdy building... You'll be comfortable there.

[@myfashionchannel9861]

Good luck man. I'm hoping you will get your own place soon.

[@arnelsanjuan2310]

CONGRATS! MERGIM

[@rosemariechannel7815]

Wooww very nice condominium sir I love the design 🥰👍👍