Condotel Pros and Cons

Are you considering investing in a condotel unit but need more information on this type of real estate? Is it really a good investment? Today we will be going over the pros and cons of owning a condotel, what the difference is between a condotel and residential condo and who is this investment for.
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Alex Zeta
Real Estate Broker, Consultant and Content Creator
Brokers Lic no 0007755
Hi! I'm Alex - I'm a Real Estate Broker, Consultant & Content Creator who started in the real estate industry back in 2011. If you're looking to buy or sell Pre-selling property in VisMin area or real estate in Cagayan de Oro, give me a call so I can help you out.
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[@aoldornas3090]

Great presentation. Very clear. Thank you.

[@RealEstateAlexZeta]

Glad it was helpful!

[@j.r.6517]

Very informative video, well explained. Thanks 🎉

[@RealEstateAlexZeta]

Glad it was helpful!

[@willblanza-realtytv]

Well explained, thank you Ms Alex 🙂

[@RealEstateAlexZeta]

You're welcome 😊

[@stephenr2195]

What is the resale market look like for condohotels? For instance average days on market for a condo vs condo hotel?

[@RealEstateAlexZeta]

Hi Stephen, it will depend on the project and its location, how developed the area is, population and number of tourists a city gets. For property consultation, you can reach me at [e-mail].

[@prettyghee357]

tama ba,/ the way i get it. Kahit d nagamit unit mo may share ka pa rin sa whole income of condotel? will the management show owners thee annual accounting of the income of thee year

[@RealEstateAlexZeta]

Yes thats correct. The management should show a breakdown on the income for the year.

[@Skzkdkkxxkmd]

Hello po. Ask lang po sana ako. I am already on my 10months of paying the equity of a condo unit. But due to some personal circumstance, hindi ko na po sya kaya mapagpatuloy. Plan ko po na hindi na magpatuloy na kunin yung condo. Possible po kaya yun? Thank you po.

[@RealEstateAlexZeta]

Hi! As per Maceda Law, you can get 50% refund on payment made if you reached 24 months of paying for your downpayment. Since you're still on your 10th month, there's no refund. What I can suggest is to have your unit assumed so you can get back your investment.

[@raintheinsane]

Its missing the time of ownership, both lifetimes or specific amount of time?

[@RealEstateAlexZeta]

Ownership doesn’t have a timeline

[@jmnac13]

What is the percentage of dividing the profit sa condotel with the owner and the management?

[@RealEstateAlexZeta]

It depends on the condo management. For Citadines its 65% to management, 35% to owner. The mgmt will take care of the opex and management costs.

[@teddybear2840]

Thank you for being honest.. but imo it's not a good investment.. 62k monthly amortization vs 23k monthly income is not a good deal.. and 8% per annum interest ng utang mo vs 5.6% lang yield mo luge ka talaga..

[@aoldornas3090]

Steady income ng management.

[@sunlyneguray-yt9uu]

That's because you haven't paid the whole unit yet. You can feel the actual profit ones you've finished all the loans from banks... 😂

[@sunlyneguray-yt9uu]

Besides the unit owners are the one's who decides if they will apply for the loan.. so I don't think it's fair to say na lugi ka. When in fact when you get a regular condo no one can even guarantee your income as well. More likely fixed price for 25k Rin Yan per month. Hassle pa since most renters Wala Naman paki s unit mo if ipisin Sila don

[@teddybear2840]

@@sunlyneguray-yt9uu sure but is it better than other similar investment? With 7-8 million average condotel price in the Philippines its comparable to 6 unit studio apartment. If you want passive income why not invest 62K monthly in REITs instead? No loan interest and they're giving 6-8% annual yeild

[@biancafayebernales9552]

Hotel 101 is more affordable

[@user-xg4kv8ro1b]

Can foreigners buy it? I'd like to know the price

[@RealEstateAlexZeta]

Yes, foreigners can invest in condos or condotels in the PH. please contact at [e-mail] for the updated price list and inventory,