Philippines Condo Crisis What's Going On?

[@vgwalldecals]

Real estate / housing in general in the Philippines is way over priced for what you actually get. Much better off just renting.

[@nickyingtavorn5491]

that's true...

[@nikumimito3164]

Facts, tons of condos I see less than 80Sqm and they asking up to 20mil for it, even if it had all the ammenities nearby for that size is crazy.

[@aboveitall9600]

@@vgwalldecals Spend 100K on a condo that most Filipinos can’t afford and only be able to rent it out for 400-500 USD. It doesn’t make sense…Condo buildings are largely unoccupied, occupancy numbers are not publicly disclosed nor are financial health…Who’s going to be responsible when the developers leave and the exterior starts to fall apart? Urban slums is an urban planning concept that describes what happens to apartments / condo buildings that fail. They are all over the Philippines…People need to understand that liquidity is not the same in the Philippines…it can take years to sell property.

[@aboveitall9600]

@@nikumimito3164 I can’t even imagine spending 5-10 million on a place in the Philippines…Look at Nellyslife and her condo she bought near Venice Mall. She has 20 million into it…she has tried to sell it for 2 years. She Airbnbs it for 60-80 dollars a night. 400K she can’t walk away from…she has definitely toned down how much she talks about how great an idea buying a place in the Philippines is.

[@vgwalldecals]

@@aboveitall9600 I agree, it takes years to sell a property in the Philippines if you are lucky. Real estate inventory is only going to get worse after the first of the year when all of the POGOs have to shut down and leave the country.

[@rascal444S]

I live (rent) one of these houses and yes a lot of comments are correct.. those houses are meant for low income and starter homes. Usually built by large developers for a quick payout and are absolutely overpriced for what you get, about 2.6 million Pesos about $45k for 500 square feet and they’re only about 50% finished, the outside is ok, just for curb appeal but the inside is mostly incomplete no tile, no paint, no insulation, no air conditioner, no hot water, incomplete and cheap wiring and fixtures, cheap chinese breakers, cheap plumbing fixtures and almost non functioning septic system. A lot of people do buy them with hopes the prices increase, my subdivision was like this for about 5 years then it turned around and almost all the units are occupied now , rent is cheap about $200 a month and it is secure , gated and a dozen friendly security guards!

[@archiecruz6336]

what city u live in?

[@christofklicmann6073]

11200 peso is not cheap

[@thomasodetinape4180]

The guards are also friendly to the the thieves.

[@CruisnChris]

What area do you live in the Philippines?

[@thomasodetinape4180]

@CruisnChris I did live in Metrogate Subdivision in Angeles City. We left 3 weeks ago for ever.

[@pauljoseph3081]

The real question is... Do Pinoys have jobs that would allow them to buy these houses? Pinoys had to go abroad, work for 20+ years, away from their families to have a chance of owning a house.

[@sherwintiongson8197]

It depends what your job is. Some profession its possible to buy a house in the ph while working local. If you go abroad, you can buy it in 4 years full paid.

[@pauljoseph3081]

@@sherwintiongson8197 Yes, but the generally, jobs here won't allow you to do that, the price is way too high, salary is way too low, generally, and banks are so strict in giving out loans to people

[@koufax174]

NEVER buy property abroad unless you like unpredictably, losing money, buracracy, laws changes constantly, and headaches

[@eddiesaninocencio6635]

Corruption, mismanagement, local officals pocketing money, never buy any property in the Philippines, these units were earmarked for the poor, however, corruption stopped the project, more fun in the Philippines, F the Philippines.

[@Gizziiusa]

especially the pi, place is one dysfunctional mess

[@akllera]

You'd buy in a place with pool and club house, but they won't maintain them long before just bolting with the money they've taken.

[@Certainblind]

Over pricing is the reason. The mark up almost as the price of the land, labor and materials.

[@chrisclarke7828]

No idea where this is exactly but there was hundreds of these going up on a road from Dumaguete sea front at 1 million each all the blurb make them look like Florida mansions but l was sure they were not. The blocks on Dumaguete sea front were another con because the blocks at the back were 9 floors and the front was 13 or 14, you only had a 'see' view if you had water in the bath.

[@codelessunlimited7701]

It's called inflation. Too much money, chasing too few good things.

[@rauldserrano]

A bag of water is usually hung above a window or doorway, to keep out flies. It works pretty well. I learned about this in tombstone, Arizona.

[@knockknock1246]

It looks like a big old bugs eye to them 😆

[@RaulLopez-ke7be]

Actually, You can buy an ice cold water in those bags for 1 peso here in the Philippines, If you can't finish the whole bag you hang it and get back to it later.

[@stuartabella1329]

probably just a worker who was thirsty, bought Ice-water (water in plastic bags put in freezer) from a nearby store, did not finish all and thought he'd hang it there for later.

[@readysetmood9473]

Needless housing projects which not only ruins the land but also takes spaces that should have been used for other productive things such as agriculture and and other industries

[@beachkid1]

true...we have free govt housing near us....most empty.......would have been good land for agriculture etc

[@bepitan]

just go on ggle maps and stare at all the untouched green that makes up most of the philippines... get a reality check

[@markarca6360]

VILLAR!

[@codelessunlimited7701]

What's the point. Mahal ang kuryente, at saka capped ang agricultural business sa land area.

[@aboveitall9600]

This is actually how homes are sold in the Philippines. Homes are left essentially bare. It’s not the developer who ran out of money…It’s pretty predatory in terms of how they advertise to low income families. Over priced, to people who have little financial knowledge or experience and sold a dream they can piece meal the home together. It’s not really a functional home when sold, the quality of work is debatable with little oversight and cheap materials…that start to degrade quickly. The outside is a façade.

[@johnlucas6683]

Those are not condos but gated communities, subdivisions as we called them before. But if the other comment is right and it is owned by villar's then it is most likely too expensive for what it offers and substandard, and at around one year of staying there will show signs of falling apart. Not worth purchasing.

[@reylauresta3836]

This is NOT CONDO... THIS GOVERNMENT HOUSING..😅😅😅

[@eadex360]

@@reylauresta3836 not a government housing project but it is villar family's overpriced and substandard units.

[@redrostova1217]

The government funds were misused, with the Villars buying land at rock-bottom prices, developing it, and selling cheaply made properties to Filipinos at premium prices.

[@donaldhelie115]

The problem is to many studio type units that nobody wants and also poor quality construction

[@robm9041]

That would be a subdivision and each unit is considered a "house and lot". It is the dream of most Filipinos to own their own homes. These are usually sold by the developers as unfinished. Add your own tiles and paint, room dividers and electrical fixtures. These appear to be turnover units where the new owner has taken possession but lacks funds to finish them, and the location may not be conducive to actually living there. There is often a 30 year term of repayment through Pagibig which is a government agency/fund that all formally employed Filipinos pay into and then qualify for financing based on their contributions. Many of these units are bought by OFW for occupancy when they return from abroad. There should be security at the gate when you enter and a council that makes rules/bylaws for the owners. Perhaps this subdivision lacks a council and security.

[@llothar68]

They are mostly sold when not constructed at all. A total illegal scheme in Europe as all risks of this pyramid scheme is on the buyer. Look at china what happens to society when such a bubble bursts. much worse then USA 2008.

[@woutergijs5246]

I visited several of these estates on Mactan. People there feel relaxed, happy they could get there own house. If you know where they came from…!

[@Ted-f4o077]

Looks just like a jail cell

[@raycatlin3554]

🎯

[@charlesdean9178]

I'm a small-scale developer and I partly blame the Real Estate agents for speculating too high, until such, the Local Government wants that piece of the pie too. They raised the land taxes. Also, the new (higher) minimum wages for workers without parity (NCR vs Provincial) nationwide, contributed to this too. Looking back, the 1990s and early 2000s were the best times for the industry.

[@linkinemerson8620]

When nations broadly talk about minimum wage without any nuance on location it frustrates me how jokingly stupid or pathetically scammy those people are.

[@franktate9873]

No one wants a cracker box for the price that they are charging!

[@eddiesaninocencio6635]

Each of those units will cost $20,000 USD, plus foriegners are not allowed to own these units.

[@llothar68]

@@eddiesaninocencio6635 You can get a nice house and a land lot in the provinces for $20k. Thats a lot in the PH when you use half Amakan/Bamboo style local buildings which are more then good enough.

[@icarrysig]

the water bag is to ward of flies as they get scared by their own giant reflection

[@benplumlee751]

My lady has a unit almost identical in Alaminos. I believe she paid 820,000 PHP. I will return to her in January. I’m from the USA. Water bag keeps flys away.

[@doodsnagali9935]

West McKinley/ BGC 100 sq/m 2-3 BR contract price is P46,000,00.00. Outrageously over price, more pricey than SF Bay Area. That is ridiculously greedy!!!

[@timfrink9278]

Those little slat style windows are the worse decision ever for a window.

[@kcmoguy888]

They are called jalousie windows. They are cheap and allow for ventilation but virtually no security.

[@granknight]

It's actually very effective specially in the weather in the Philippines if security is a concern you could always put up a grill outside the window.

[@raycatlin3554]

BasUra ! ! Thatz why they're so widely used in the country , to Cheat - people out of their 💰

[@grantreid8583]

They are good for a tropical climate and extremely common i lived in a couple of places that had them and also steel bars running through the window frames.

[@vwandtiny3769]

You can't move in until the mortgage is paid in full. At that point you basically have to rebuild those dumps...

[@Ghekko-kw3zz]

Bah that's not it. They've built thinking to sell on time plan & obviously got no takers. There's thousands of projects like this all over the country.

[@nickyingtavorn5491]

I can buy cash right out but I am a foreigner can not buy property without marrieage to Philipine lady I wish they have a little change or help foreigner on this please Philipine government you could sell the house more than what you imagine.

[@Ghekko-kw3zz]

@@nickyingtavorn5491 just find a girlfriend & gamble it.

[@orlandodizon4755]

@@nickyingtavorn5491 You can buy condominium units outright or some townhouses under a condominium certificate of title, as long as total unit foreign ownership in the project does not exceed 40%. The government in the main cities verifies foreign ownership before transfer. Some developers know some workarounds. Foreigners cannot own land so some opt for long-term lease of land then build their own houses. Others use dummies or corporations but those have added risks. There are some condos and townhouses outside the main cities. There are foreigners living in my middle-class condo community (around $80-90,000 for a 2BR, 50-60 sqm unit). They seem to have Filipina wives though. (It's not required. You can buy it for yourself). I suggest you rent a place first in the city you want to live in to check if it suits your lifestyle. there are many cities to chose from. My friends and I live in DMCI projects. We are happy with it.

[@llothar68]

Wrong. You can move in. They are sold as rent to own.

[@salterrae2525]

Better to buy vacant lot and build your dream house. Others who buy socialized or low cost housing, rebuild the house as soon as it's fully paid. You can go to PAG-IBIG acquired assets section and inquire on property for resale. Just make sure real estate tax is paid by former owner up to date.

[@WAN2TREE4]

Low cost housing - good intentions maybe but if there are no jobs around people will move to the areas with source of livelihood.

[@julierafael2864]

Those houses should be given to the homeless,

[@alexjohnson4332]

many homeless occupants when not take of their properties

[@orlandodizon4755]

There are any government agencies and NGOs willing to help the homeless. Many of the homeless who were helped chose to go back to the streets. Many of those homeless cannot afford to maintain those units. Private and government housing units require upkeep for it to be sustainable. Some of the homeless people I encounter have obvious mental issues. Mental health institutions will probably be better for them.

[@chrisclarke7828]

You buy them and give them away. The state they are in now is absolute luxury to some in Tondo.

[@dragonoftheeast695]

That would be the Christian thing to do. But unfortunately a lot of Philippinos don’t actually practice the teachings of Christ. They just pray to him alot

[@sixplicit2977]

They would probably have to bring everything up to code. Also the amount of damage to the units would be immense. Many of the homeless do not upkeep and a lot have mental issues and also the drug use would be a thing. Plus you would need to patrol and have security on grounds.

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[@fletcherwyat]

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[@elizabethcarol-f4t]

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[@angelamaria0877]

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[@crystianadazi]

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[@Graysonmatthew3544]

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[@DryTears01]

Expensive properties, these trends on the property will continue.

[@MrHart450]

Okay let's help you understand some things. Firstly the bag of water hanging up. A worker has purchased this while working and consumed some and then hung it up to finish later and just left it. No biggie? Just a bit of rubbish left behind. Now these units "May" be abandoned but there could also be 20 other reasons why? First thing to say is these units look like they are in the "bare shell" phase and this is how they will look until turnover? Or if they have been turned over but the owner has not yet moved in. They will get a spruce up when the owner is ready. Bare shell means no tiles, walls are only primed, no ceiling, no kitchen and only bacis CR. Now how these are normally sold are on 20% deposit over a termed period. Some are 1 year? Most are 2 or 3 years but I have heard of 5 years. So it quite possibly that these unit still haven't had the deposits paid yet?

[@marambaron]

Dude, this is such a misinformation. One gets what he pays for. Those horrible units should be given for the homeless. No self respecting buyer who's got a decent income would buy those .

[@johnl9977]

It is all relative bro. There are probably a million people in the Philippines that would choose to live in one of those in a heartbeat over their situation now. We're getting there ourselves. With 40+ years of nothing for the people but "Trickle Down", the wealthy are buying up all the residential properties, making us renters, barely scraping by to put a roof over our heads and nothing else.

[@linkinemerson8620]

It's sad to see how confident maram is commenting while having literally zero intelligence or education on what the implications of his give homes to homeless even means. Life has a tiny measure more of complexity bud. Be a self-respecting human being.

[@beachkid1]

there are over 1k EMPTY FREE GOVT HOUSING UNITS near us that the phil govt can not even find ppl to live in and are NOT FINISHED.......

[@abrahamdsl]

@@johnl9977 housing is one thing, [convenient] access to livelihood is another.

[@1mw4tch1ng]

the developer ran out of money and took all buyers/investors' money w/o completing the condos. plus it looks cheap.

[@socalbenny4728]

Nah the developer is the Philippines richest man. His wife and son are effing Senators and soon his daughter is also joining the Senate if the stupid voters make it happen. This development is their lowest cost, designed for blue collar workers. Usually in the Philippines, even the downpayment is amortized. Buyers can only move-in once the amortized downpayment has been paid.

[@JMgmkh]

future slums

[@eddiesaninocencio6635]

@@socalbenny4728 The main reason the Philippines is so corrupt is vote buying, officals, candidates pay the voters to vote for them, promises never met, blame the people for voting corrupt officals.

[@henriettabunhian7468]

Thanks never show this in mainstream media ...watching fr toronto

[@watchchimp3102]

The water in the bag is a mosquito repellent. The theory is that light refracting through the water disturbs the mosquitoes' sense of direction? It's popular in Latino cultures. The apartments? Even in the Philippines, those would be considered small. A kitchen outside is OK but not as your ONLY kitchen. On the plus side, maybe you could buy 2 or 3 units and patch them together? Might be OK for a single guy on a budget. I noticed some people had enclosed the rear "kitchen" portion of their unit.

[@rayintoledocebuphilippines5517]

Right now those unite go for 1.5 M each - way too high for any kind of a return

[@johnnyg7899]

One reason cheap rentals exist there is because it seems to be normal to not have hot water, no flushing toilets, no A/C, no insulation, barb wires surrounding the home, no trash pickup service, constant brownouts, and unfinished walls.

[@wewhagg]

Same in the States. What he is showing is nothing different from the states. I've seen communities built that were never sold or used.

[@orlandodizon4755]

Can you be more specific? It's easy to include details if you want to be more transparent. If I heard you right that you mentioned BRIA Homes at the start, then that's the low-cost housing subsidiary of the Villar Group. They are not bankrupt. The Villars are among the richest families in the country. Those units are for ordinary Filipinos, not the the affluent ones. it is not targeted to foreigners, obviously. It's similar to government housing. These units will be cleaned and made presentable when they will be turned over to new owners. Developers do not fully-finish low-cost houses before the units are bought. They will fix it up just before turn-over. I don't like that developer personally because I find its products overpriced. You can build a better house on your own if you have land. However, low-cost housing still makes sense near the main cities. The country has a 5 million housing backlog. I have seen government housing communities that became vibrant, presentable and livable after the units are fully turned-over. The condo oversupply is another matter. Many of those condo units are targeted for "investors", overseas Filipino workers, and foreigners. Ordinary Filipinos cannot afford those.

[@johnlucas6683]

If that's from villar, then for sure it is expensive and substandard like their camella homes. Not even a year of staying there and you'll see the house falling apart.

[@jasonjames4254]

Without knowing specifically, I'm gonna guess this is just another one of the Philippine government's housing projects that went awry due to fraud and corruption. When major developers build gated communities with private money, the profit incentive usually prevents this kind of mismanagement. However, with any government subsidized project, all the profits are made up front and there's no need to complete the project.

[@orlandodizon4755]

@@jasonjames4254 He seem to have mentioned a private developer. To be fair, some of the government's low-cost housing projects are successful. I am with familiar with some of the projects. There are also some private developers who mismanage, especially when it comes to low-cost housing. There are many groups of disgruntled buyers. And yes, there are opportunities for fraud and corruption, whether private or government housing projects.

[@orlandodizon4755]

@@johnlucas6683 Like I said, overpriced. BRIA seems even lower tier compared to their Camella line. I wouldn't recommend buying either.

[@jasonjames4254]

@@orlandodizon4755 You seem knowledgeable on the subject. Can you give us an example or two of a successful low-income government housing project?

[@AnthonyGlennVarona]

Can put more information? Like location or name of subdivision.

[@lifeinpalawan]

It is getting expensive but everything is imported here sadly. These are their version of starter homes basically.

[@Ted-f4o077]

Overpriced and Sand Castles are built better

[@frankcoriano5436]

Thats a box not a home

[@natsumidesu8019]

If you put some dividers in it then it would be a small house

[@kingsleydavies2166]

Maybe there is a lien or claim on the land delaying issue of individual property titles? This will deter buyers and it will also be difficult (if not impossible) for buyers to obtain a mortgage from the banksters. There could also be an issue with the occupancy permit.

[@woutergijs5246]

I used to live in such community outside Bangkok 30 years ago. Originally for government workers. It is okay.

[@wavemaker2077]

They are row houses but the developer might be selling them at a high price. So no takers.

[@temujinkhan6326]

looks like the new houses being built here in Texas... houses so closed together with only 4-5 feet between houses and the driveway being only 12 feet long is bigger than the front lawn... and backyard is basically nonexistent.

[@Benedict.Lee88]

I refuse to buy real estate in philippines espcially Manila..condos are exteremly small! Rediculous consiering the average family size here. Also way way way over price.

[@brandonscoffield9974]

In a nation where corruption is endemic, what do you expect? Well, expect worse.

[@BB-dp4kh]

The water in the bag is supposed to keep vandals, nosey intruders and trespassers away..bag is too small..

[@efrenabendano3453]

1.5 to 2.6 million is not reasonable for working class of minimum wage. Better lower the price

[@miszionX]

cheap looking toilet, no ceiling insulation (in the PH!!) very thin layer of paint applied too diluted. 70's style window, easily opened from the outside by removing the glass piece not a solid front door

[@mrbeanfoundland]

Beside, the developer was top billionaire in the country somewhere $11 billion dollar capitalization /assets

[@llothar68]

This is why the philippines are one of the poorest countries in Asia

[@JimmyTan-h6t]

I will never buy anything which is painfully given up by a person who lost his/her most treasured possession and has to walk away in tears, perhaps, in tears together with children. Please tone down this ad in a low key manner. It hurts seeing your ad. Merry Christmas, peace on earth.

[@woutergijs5246]

I am sure that many locals would like to come live here immediately! New, stone wall, electrity + water. A house. Question: where are they? Answer: the hurdles are still too high. ( paperwork, provable income, low interest loan, guarantee…)

[@mrbeanfoundland]

Those properties, ready for occupancy are just waiting for appreciation value over time

[@JMgmkh]

Definitely 🤣🤣🤣😂😂😂🤣🤣🤣

[@ChibiKeruchan]

these are not condo units. from the look of it these are Government housing project for relocation for illegal settlers. which they call it "Pabahay" you can tell by how tightly close each house from each other (showing how they are trying to save a much space as they can) there is a reason why illegal settler choose to leave these units that the government gave to them. 1. The place have no income opportunity. 2. if they have work from their previews life before they get relocated, it's probably too far from their work. 3. lack of reliable and proper utilities. (not to mention they won't be able to illegally tab electric line for free any longer) since they can't sell these units coz the law says so. some of them wanted to rent it out instead. and they go back where they were before.

[@llothar68]

This tight close housing is just common on all this low pricer developer subdivisons

[@gavjlewis]

The people would would like to live there can't afford to and the people who can afford to live there don't want to = empty units.

[@terryashley4674]

The bag of water seems like a DryRid type of product to absorb humidity from the room.

[@macolet9711]

The developer is not bankrupt. Due to overpricing. They still make a profit even if they sell just 30% of the houses build.

[@seycheles27]

You should look into those pigeon holes that SMDC and others call condominiums. 5 million a pop you can shit, cook and watch TV at the same time.

[@ue606216]

A 2 million peso per unit of these house and lot can buy you a big pice of land in other areas. People now are practical they will not buy if they know if the house and lot have a double the price and built with substandard materials.

[@roberttorrance731]

Responsible development and responsible ownership. I’ve seen many examples of the good and the bad. This is one of the bad ones with rather poor specs to begin with. 😢 the bag of water likely started life as a bag of ice 😊

[@TheMaiah13]

This the result of greedy developers who aggressively sell to non-financially literate consumers. They lure you in by saying ‘just pay P5K or P10K (US$100-200) reservation fee’ on a pre-construction townhouse, and the you end up slapped with a P200k downpayment or equity payable in 12 months. For most people who earn only P20-25K per month, thats like paying your entire salary on the monthly equity alone. You are not allowed to move in before you have fully paid the equity..so there in itself is a lot of default payees who end up losing whatever they had paid so far or selling them as a transfer of ownership at a really low price to recupe even a small amount they have already paid. There are no govt counter measures to check whether your salary can really support that kind of monthly payment. This is aggravated by the fact that a lot of these buyers are OFW contract workers who end up losing their jobs and returning home before they have fully paid for these purchases. Foreclosure surely awaits because they no longer have their high-income overseas jobs to pay for it.

[@Jupizero]

Those houses usualy get water inside because badly made and the price is going to be crazy like 20k USD

[@aboveitall9600]

I would say closer to 40-50k. At least it would be in Laguna… Filipinos leave holes where ac units may go..Windows are often left open and doors are not secured in unsold units. It’s not necessarily a leak from the roof. Personally I have seen humidity destroy cabinets before units are even sold. The materials that picked are cheap..dirt cheap even in “luxury” units… unless you pay for something else. The developer will simply replace when they prep the unit for turnover. How they view it is different than Western standards…

[@nobbyclarke9298]

These are probably relocation houses for squatters &/or socialized housing that are unfinished due to the developer going out of business or under Govt housing program….?? Or could be just a stone built frame where you the buyer add on all the extras??

[@frederickfernandez787]

Corporate greed makes us all suffer. We have to elect leaders that can relate to us, the common people…

[@MMM-en7yc]

Lumina homes by Villar Family😅

[@bom3066]

Overpriced masyado ang house and lot. Ginawa nilang manila yung pricing. Yung mga broker at developer lang yumayaman. Dapat talaga imbistigahan itong mga ito

[@pubkentos4501]

Where is this place?..is it in cavite area?..

[@dantorres506]

These homes are designed to be affordable to minimum wage income buyers payable in 30 years without downpayment or equity. Take note the norm in the Philippines is that you need to put in 20% equity and minimum wage is only around $8.50 per day!

[@HyunAYuchi]

Those houses are poorly built, no ceiling which means when the sun hits the roof, it'll be baking hot inside. Also, seems like there's no sink/faucet in the bathroom, and i didn't notice a decent kitchen. It's like a one bedroom apartment turned into a bungalow. It's even worse than the low cost housing built by (the corrupt) philippine gov't to house squatters, that were relocated to montalban rizal or somewhere south, like laguna. Essentially, that looks more like a glorified version of what carpenters & construction workers would build at a construction site so that they can live there while building a house. But this one is made of concrete.

[@namuka1247]

Reason pump up prices for unit you cannot but property in cash they want monthly for 30 years

[@fmskreg7424]

True, buying property in Philippines is a nightmare

[@ciscosebanes]

These are assets. No matter what it'll exist and wait. Soun investment. Just saying😊

[@caucasianafrican1435]

Are these horizontal condos

[@lucillebaltazar910]

I think its publis Housing project supposedly given to poor families but due to bearucracy and corruptions wasn’t delivered to the receptients,only the contractors,builders make money on it.

[@miltonruiz2923]

Where they are located?

[@elmernagui744]

overpriced residential units.. if the unit has been built then it was already sold and the buyer is paying the monthly amortization

[@fashionfgurl18]

where is this place ?

[@blake-jackson]

Zero information here. Just random development that looks abandoned. Did you even call the number and ask questions?

[@lilacnpink3864]

saan ito?

[@hl2582]

Most of these were sold via financing by pagibig. So the developer got paid already, its the pagibig carrying the credit risk.

[@mortsTV]

Low cost housing unit ,maybe government proj

[@ro25z]

Overpriced and substandard...that's about it..

[@Kbhgdfjvf]

Bahay ba yan? Sa labas lang mukhang bahay

[@akllera]

I knew those won't sell. Saw them when they started building. Too basic. Maybe some rich person could buy them all and give the homeless a free home.

[@egutz1405]

Sa ibang bansa po ganyan din naman mas gusto rin ng tao magpakalatkalat! di lang sa Pilipinas. yon nga lang po ang mga nabigyan ng pabahay ay mas ginusto ang manirahan sa mabantot at nakakasulasok sa bantot na kapaligiran.333

[@Eduardo-m2i]

Forget about condos. Buy a house in the best part of town. . Buy the cheapest and the best you can afford and you will never go wrong.

[@martinmaranan931]

The Philippine Government need to house the Landslide and Typhoon Victims from Laurel, Talisay and other Batangas Victims.

[@xorbodude]

Those houses are tiny no kitchen?

[@babyguevarra1225]

i can tell you its not cheap. they were not occupied because no one can afford them these days. the average salary wont suffice to buy these small houses.

[@travelback5700]

The Villars caused this mess.

[@alanaldea4476]

where it is located

[@BlissMission-j7n]

Where's that

[@bobbyjames4300]

So many . What exactly happened ?

[@jasonjames4254]

I don't know so don't take my word for it, but it has all the hallmarks of a government housing project that was ruined by graft and corruption.

[@SecretAccount-xe9qx]

Pandemic led to magic juice and eventually depopulation. This is just the beginning.

[@eddiesaninocencio6635]

Corruption, graft, ghost projects, all monies goes to the coughers pockets.

[@hikefishcook6796]

the bag is for scaring fly away ... this houses are really small

[@adiongfaner2266]

Overpricing and substandard materials that used

[@rollercoaster3061]

Dont buy condo.. buy a small house with lot title..

[@waterbug1135]

Values in PH always go up!!! So I've heard.

[@vicbuhain8653]

The cheapest of materials and ugly designs to cater only for the poor buyers in mind !😩

[@josephputnam7586]

Condos are ridiculously over priced on a magnitude of at least 8x to 10x.

[@linosoriano2083]

The first clip is a rowhouse, not condo.

[@DCtv-kl3tr]

everything is substandard..

[@jac0007]

Never buy a property if you’re not gonna occupy it 365 days…if you leave for a month, you’ll be surprised once you come back, your home is like a brand new bare unit….everything of value is gone!😊..even your tissue paper!!!

[@grantreid8583]

The building standards in the philippines aren't the best the finish in most places even high rise buiding is very sub standard. they will build straight over the top of reclaimed land without even letting it settle. They mix concrete on the ground with shovels using around an 8 to 1 mix. And the bit about all Filipinos wanting there own home is only true if they can get it for nothing. Most filipinos live for now not thinking about tomorrow.