🇵🇭 The Philippines Condo Market has CRASHED‼️ (What they aren’t telling you)

[@jessicahayes9788]

People who are buying these condos are going to loose them in this crash. I bought a 91sqm 1 bedroom condo that was 7 years old at the time in 2016 for $11k in Mandaluyong. It's now worth supposedly $200k which I have no plans on selling. I updated my condo including new appliances before renting it out for less than $250/mo. I have a great tenant and I haven't raised her rent in 5 years. I can't believe how ridiculous some of these condos are selling and how many fools are buying them.

[@JasperinthePhilippines]

Insane

[@PrimeBoracay]

11k?????? Are you sure not a typo?

[@rkdo9554]

Philippine real estate in general is overpriced.

[@JasperinthePhilippines]

Ok

[@alroberts193]

Some investors seem unwilling to accept that condos, particularly in the Makati and BGC areas, are significantly overpriced. This situation is quite unrealistic. Additionally, sellers are struggling to sell their condos. Furthermore, obtaining financing from Philippine banks is dismal and challenging to get approved. Good luck to the sellers trying to sell their units.

[@JasperinthePhilippines]

Yup

[@guambroker]

Only sellers in this market are those that HAVE TO sell.. Deal with Motivated sellers only.. All else is a waste of time

[@mrc_nrd]

In my opinion, the prices for condos in the Philippines are high everywhere, at least if you want something western and don't want to live in a shoebox. I'm currently looking for a condo in Cebu for 2-3 months and can't find anything affordable. 30 sqm or less for $500-600 as a studio. A 1 bedroom for 1000 USD + additional costs. If you want something cheap you have to get out of the city center or make big sacrifices in the city center. On the other hand, when I compare the rents and amenities of condos in Thailand or Vietnam, they are significantly cheaper with significantly better infrastructure, at least in Thailand. What speaks in favor of the Philippines, apart from earthquakes and typhoons, are of course the better visa conditions and the advantage that almost everyone speaks English, which makes communication much easier.

[@JasperinthePhilippines]

Ok

[@rickovlad]

Don't buy property in the Philippines,not a good investment,😢

[@JasperinthePhilippines]

Ok

[@PlateletRichGel]

Not a single good reason to buy a Phillipine condo. People overpaying rent from idiots who watch too much youtube they ruined Thailand already and ruined it like they ruined Costa Rica and Colombia. If you're a bigshot, who overpays, do it in the USA.

[@tmb3131]

100% true

[@MindFusion-ij1xl]

Is there some way a foreigner can actually own something like condo without the rug being pulled from underneath? Jaspers' video shows an idyllic, futuristic, tempting, surreal landscape near BGC, so clean, uncrowded (sure, it was raining) and well maintained. Looks horrifically expensive to keep up, but I know labor is cheap there..

[@PrimeBoracay]

Agree!

[@NSAKEY]

Good info. Thanks for sharing. Was just talking with someone the other day about how the prices in the Phils are not competitive with most of SE Asia. We need this correction. Cheers.

[@JasperinthePhilippines]

🫡

[@allanwatts8361]

Bgc looks better than most American cities

[@JasperinthePhilippines]

True

[@tmb3131]

By far... Makati and BGC are safer and cleaner than most American cities although Manila itself is a trash heap, you still won't be bothered just minding your own business.

[@JMgmkh]

about the ONLY city in the Fills. that is

[@phoenixdown1947]

@@JMgmkh ,lol there's also makati and eastwood ortigas , not to mention forbes park where the elites reside, top dogs.

[@JMgmkh]

@@phoenixdown1947 Yes. There are a handful. but not very representative of the Philippines as a whole. Only my opinion.

[@allencoffland1685]

someone mentioned this rise in condo inventory is related to the crackdown on chinese scam operations in the Fils? at any rate, the bubble is global, so it's logical that any crash will be also

[@JasperinthePhilippines]

We shall see

[@RR52517]

That is true. POGO or Philippine Offshore Gaming Operations ceased to operate in PH. There are 300K at its peak Chinese workers here. Now, they’re gone.

[@sbw89]

The Gramercy is still expensive. A two bedroom, two bath was almost $260,000 US and that was a few weeks ago.

[@JasperinthePhilippines]

That’s the asking price My Friend everything is negotiable

[@guambroker]

You can tell when rents are less than 1% of asking prices that a fall is coming soon.. Unsustainable.

[@anselmiconda1540]

Its not a crash until whole buildings start defaulting

[@JasperinthePhilippines]

Lol

[@Melsey1027]

I will never buy a condo in Manila there condo are shit. Go to Thailand spend less money and get a beautiful condo in a good area with good health care and delicious food. It’s a win win situation.

[@JasperinthePhilippines]

lol

[@3777177]

True, but Thai visa world is not so easy, unless you have big money......

[@Melsey1027]

@@3777177 that true. You need to show proof of 65,000 baht per month or $23,000 in a Thai bank account for a retirement visa. Very easy to do if your over the age 50

[@regnorse]

youll need great healthcare if you eat that 'delicious' food. hmmm the build quality on those 'beautiful' condos. the constant rug pulls on visas (((

[@Melsey1027]

@@regnorse you can eat very healthy eating fruit and veggie and I’ve never been sick eating the street food in Thailand I’ve been to the Philippines 4 times and every time eating the street food I get food poison and the health in the Philippines is not that good if you wanna die stay in the Philippines. If your over the age of 50 you can get a retirement visa you must show proof of income 65,000 baht or deposit $23,000 in a Thai bank. Thailand is a world class destination for travelers and there are lots of people from around the world going to Thailand for there health care needs most people say Thailand is the best place to live from all the Asia country. And I agree.

[@prepperjonpnw6482]

I was just there in BGC and I agree that condo prices went way too high. I viewed a brand new 3bedroom 2 cr with maids quarters 2,100sqft and the asking price was $700k usd. I’d rather rent or lease anyway for the convenience of not being locked into one location.

[@JasperinthePhilippines]

Ok

[@rasra2000]

No thank you, people can purchase a nice house outside of the city for a quarter of that price.

[@CraigKerwood-001]

Hey Jasper, good information. Where do you do your research?

[@JasperinthePhilippines]

I just live here. I’m boots on the ground. I have rented like seven condos. My girl owns a condo. It’s not really research. It’s just life experience.

[@Ryhamz]

Is it a great time to be in BGC with a 60k PHP monthly rent budget?

[@JasperinthePhilippines]

Ofcourse!

[@KanoKanoyinthePhilippines]

And you're still overpaying for a box that's built poorly in a building that's most likely not kept up. Just to say that you live in BGC. 🤔🤫🤣

[@MikeWood-yc1er]

Renting until the smoke clears is the primo move

[@JasperinthePhilippines]

Crazy

[@MindFusion-ij1xl]

200 square foot condo? Are you serious? My bathroom in a small home is almost that big? (20by10). Who can live in that??

[@JasperinthePhilippines]

Yeah, they do exist

[@Powerful3258]

The JAP will that is their size in Tokyo.

[@Zar2597]

This is great info. Honestly, I’m not surprised at all. I’ve been saying this for over a year, now. They are ridiculously overpriced! It would probably benefit potential future-renters to use this video to establish a baseline and negotiate their monthly rent.

[@JasperinthePhilippines]

Yes

[@meibing4912]

Not convinced. 1) People are still moving into Manila 2) Wages are going up fast with the economy growing 6-7% per year 3) There is very little transparency in the market making price comparisons difficult, newly builds are likely the best price gauge available 4) Philippines is ripe for a major change in housing loans - expect it to become cheaper and easier to get in the near future 5) with rapidly rising wages people will want to live in better surroundings - and nothing really compares to BCG/Makati. These are not "average" market, but condos for the very best earners. Prices may momentarily go down, but the long term momentum is up.

[@JasperinthePhilippines]

🤣

[@guambroker]

Then buy.. Your logic doesn't make cents.. Or dollars. New builds best price gauge really?? 40% cancelation rate of new condo contracts. Buyers walked away from a huge liability...34 month inventory. Those are universal indicators. Also rent/price ratios are very low, less than 1%.. I'm in Manila now and have been seeing condos to rent in moa, malate.. $600-1000 asking for 2bd ocean view condos.. Across Robinson too.. Empty for months. I'll get a monthly for awhile longer.

[@xed530]

If there's a huge backlog its good for the buyers or renters, the prices will go down

[@JasperinthePhilippines]

Yup

[@quantomic1106]

I'm an avid investor from the Philippines. Yes, the real estate sector in the Ph is a MASSIVE bubble, maybe bigger than 2008's. Some pieces of land in the province cost more than you'll be paying for in many parts of the US. It's just laughable. The average pinoy makes around 7K USD per year but it's not uncommon nowadays to see a piece of property for 40K to 70K USD for 250 sqm lot. LOL People are taking advantage of the influx of foreigners especially after covid. This is a new thing and it's only a matter of time for this gigantic bubble to burst.

[@JasperinthePhilippines]

Already bursting. 🫡

[@quantomic1106]

@@JasperinthePhilippinesyou’re just seeing some cracks and isolated cases but that’s about it. The real burst is when it starts to put lots of pressure on the banking system and the value of the php. As of now, prices are still very elevated all over the country.

[@JasperinthePhilippines]

@@quantomic1106 there is a lot of isolated cases & room for negotiation rents are droppping in the best areas. Very bad sign.

[@quantomic1106]

@@JasperinthePhilippines Prices have to come down to their intrinsic value to match the overall economy. These prices are unsustainable when the vast majority of Filipinos earn 10 times less per year than the price of an average house or condo. Demand is only coming from a small demographic - the rich, foreigners, and overseas Filipino workers.

[@AAWGASHTADS]

Don't buy in Retirement especially when the rent is so Cheap that leaving the $ in your brokerage account yields dividends that cover the rent or more . And that's just One of the reasons

[@JasperinthePhilippines]

Nice

[@FlyRich72]

I Belated Merry Christmas. I was in Makati in November and I am convinced what you talk about is just beginning. I have always believed there is more value in the older condos than the newer ones if you value space over amenities.

[@JasperinthePhilippines]

Ok 👍

[@carlTis]

Great news . Thanks for sharing . I’m moving there in a couple months and this was very nice to know .

[@JasperinthePhilippines]

Have fun!

[@carlTis]

@ i can tell you know what you’re talking about and appreciate it very much .

[@carlTis]

@ i think I’ll be hitting you up for a consult . I’ve been to the Philippines many many times but never for more than a month . It’ll be nice to get insight from you .

[@JasperinthePhilippines]

I’m available anytime. Email in bio my friend.

[@axizcorp]

real estate developers thought POGOs will be long term they thought Chinese POGOs will be around in the long run. They forget government change, so policies change. Their target market are expats and balikbayans and ofws who are ignorant. Filipinos are not stupid to invest overpriced condo even if they can afford it.

[@JasperinthePhilippines]

Yup

[@pentrubarbati]

i am in cebu and i am shokked for the prices and cant understand why are this prices and who can afford 280k for 57 square meters is crazy expansive more then europe ...

[@JasperinthePhilippines]

Insane

[@trackfx91]

Solid advice as usual. Is it prudent to use a real estate broker to find rentals or just hunt on your own?

[@JasperinthePhilippines]

I hunt on my own. Brokers are in denial for good reason

[@pauljensen4773]

Are people making lowball offers on anything?

[@JasperinthePhilippines]

I did

[@pauljensen4773]

@@JasperinthePhilippines good any counter offers?

[@marjunmarcelocristobal2678]

That's Good News!! Expect the Condo Prices to Go Down thereafter!!❤

[@JasperinthePhilippines]

Yup

[@jimcunningham61]

Buddy I’m good with a small place , if your singe 30 sq meters works fine , I was paying 1500$ back home for 45 sq meters and 350$ in Manila with a nice pool

[@JasperinthePhilippines]

I did it for years.

[@JasperinthePhilippines]

To each their own. I’m not single. 🫡

[@jimcunningham61]

@@JasperinthePhilippines buddy I didn’t come here to pay 1200 usd on rent

[@JasperinthePhilippines]

BUDDY I’m paying 750 for 700 sq ft in BGC. Ok buddy? 🤣

[@dennisvillacorte4122]

Best, if you have a mistress😅😅😅

[@rocket9580]

just stay in a hotel with room service, maid service and a pool..lol

[@JasperinthePhilippines]

Lol

[@jimcunningham61]

I did that for 2 weeks but 1500 p a night gets expensive

[@edgregory1]

I'm a hotel guy also. Maximum flexibility. All inclusive.

[@JasperinthePhilippines]

@ Suit yourself. Great option if you have deep pockets.

[@AnotherKuya]

Hoping prices drop and availability up once time for me to move there! 🎉

[@JasperinthePhilippines]

Yes sir 🫡

[@MafiB-jc2ig]

A condo is not a good investment especially for the locals. Buy a piece of land and build a house instead of buying a condo unit. Condos get dilapidated and unfortunately the building has a life span. If not maintained properly, there is this weird smell in the building when it gets old. Lol

[@JasperinthePhilippines]

Ok…

[@tedbreckner]

Foreigners can not own land in the Philippines. They can lease but then will never know when the land will be sold off and the lease terminated.

[@LantangKaturay]

You foreigners are not allowed to own land in our country! Don’t even think about it!

[@axizcorp]

Have you tried staying in Nuvali Laguna?

[@JasperinthePhilippines]

No

[@jonathanjones9870]

Thanks Jasper what is the average square footage for a one bedroom in BGC? And what would be the average rental price for that one bedroom? Thank you.

[@JasperinthePhilippines]

🫡

[@neilmartin4187]

I think the Secondary market shows where the real value is. Like you said the developers are lowering their price yet but the individual owners are starting to realize the real price.

[@JasperinthePhilippines]

Yup. Not lowering. I think you mean

[@neilmartin4187]

@@JasperinthePhilippines Yes

[@Saltlifebtc]

Good video I just subscribed and liked this video great content

[@JasperinthePhilippines]

Thanks

[@MrRexelT]

Average Wage for Working Filipinos is 25,000 so it will be hard for average Filipinos to afford a condo.

[@JasperinthePhilippines]

True

[@mrbHanoi]

Rich speculators selling to dumb foreigners

[@mikestrenja2966]

It’s more than 34 months. More units hitting the market all the time and more over priced than ever. Only unwise foreigners buying. Locals can’t afford them so the pool of buyers is very limited.

[@JasperinthePhilippines]

Agreed

[@Wabu1]

The Mayor of BGC has spoken so wait 3 years for market to bottom to buy.

[@JasperinthePhilippines]

Ha ha

[@ericpedregosa1060]

not all buildings and location have same demand even in BGC.

[@JasperinthePhilippines]

Obviously

[@marjunmarcelocristobal2678]

Perhaps, ..that'll pave the way for the CONDO PRICE to GO DOWN!!

[@JasperinthePhilippines]

Yessss

[@ValNeuman-et9kp]

And also I have noticed around GBC they are still building high rise towers so more supply is going to be flooding the market

[@JasperinthePhilippines]

BGC.

[@xerstat1]

Don't forget HOA fees. For example, if only 30% of the units in a building are sold your HOA fees will probably be much higher.

[@JasperinthePhilippines]

Could be

[@Pattayaman999]

I'm waiting for the price to drop 95%, then I'm buying

[@JasperinthePhilippines]

Lmfao

[@excedere-gobeyond]

Mate of mine always goes in around 40% less on the asking price but pays 6 months up front in cash, claims he wins always when doing so.

[@carlTis]

More good news . Love it .

[@JasperinthePhilippines]

🫡

[@jameslee9726]

But at least the Filipinas are still not overpriced 😊👊 .

[@JasperinthePhilippines]

They are free if you’re me 🤣

[@guambroker]

Trueeee... Lovin it!!

[@cleoque]

For now, they dont seem to care..so yeah, the prices remain the same. Plus the locals are wiser. They go for house and lot, townhouses in places that are near the Metro but less crowded --not condos.

[@JasperinthePhilippines]

Nope. All negotiable.

[@JasperinthePhilippines]

Secondary market is straight fire sale

[@amowatt01]

Backlog or Surplus..........pls define correctly as per traditional supply/demand rules

[@sunnyrasunny]

For real. Back log makes no sense here. Back log of what? Non sales? Is the poster saying average listing is active for 3 years?

[@sunnyrasunny]

The oversupply of condominium units has shot up to an equivalent of 34 months as of November amid the sudden increase in availability of units, according to data released by Leechiu Property Consultants (LPC). According to LPC Research and Consultancy director Roy Golez Jr., the latest level should have been close to net zero as there were 4,000 units in additional supply and 4,000 units sold, but there were 6,000 backouts since the 29 months’ worth of supply was recorded as of the third quarter This means that it will take 34 months for the current supply to be sold, given the prevailing sales pace. LPC earlier said the market would normally see 12 months as a maximum.

[@JasperinthePhilippines]

Listen and learn from me little buddy

[@JasperinthePhilippines]

Lol

[@JasperinthePhilippines]

Good girl

[@clementte6948]

You can buy a bigger house and lot property, where ownership is yours perpetually, and have a bigger and better space outside Manila. Like in Laguna, Bulacan or Pampanga. For the same or cheaper price than Metro Manila Condominium price.

[@JasperinthePhilippines]

Ok

[@rrsee-zk3zu]

developers have started giving our big discounts. that's their way of lowering its prices.

[@davecirelli2902]

Seems like what sellers do there is raise the price instead of finding the market so if this continues a potential collapse will be much larger.

[@JasperinthePhilippines]

Yup

[@pauljensen4773]

What about BGC?

[@JasperinthePhilippines]

Yup. I just got a great deal and I know a couple of people have.

[@pauljensen4773]

@@JasperinthePhilippines Cool

[@randy.escaros]

$500 to $800 a month? Thats cheap compare to australia. Old condo here is like $250 to $500 a week!

[@JasperinthePhilippines]

Facts

[@onionpeeler2023]

Living in those tiny boxes is inhumane, way too small... And way too expensive...

[@JasperinthePhilippines]

Ok

[@terenciosaymo3671]

Beef liver is, unfortunately, expensive in the Philippines than in the USA, but I like to eat well-cooked, fresh beef liver. I'm in heaven when I eat well-cooked, fresh beef liver.

[@JasperinthePhilippines]

Lol

[@edau69]

Excellent, when is the housing market going to crash in the Philippines, I rent in a subdivision and more than half of the houses are empty except the owners are asking North American prices to buy. Yes there are no sound reason why they want the big prices except greed. It’s like the condo market.

[@JasperinthePhilippines]

It’s already “quietly” crashed just stubborn owners would rather lose a years rent or a place on the market 5 years than admit defeat.

[@phinpublishing5701]

Jasper, is this a suitable time to purchase a Condo?

[@JasperinthePhilippines]

Wait awhile

[@seac777]

Not even close to a bottom... will continue to spiral down for at least a couple of years.

[@JasperinthePhilippines]

🎯 Seac. We are certainly not there yet. Time will tell

[@patricksean1]

Sounds like the condo market is mirroring the American dating market: Girl who's a 6 gets a guy who's a 10, and then she thinks she's worth a 10 for future relationships, but the market will let her know her true value over time. She'll settle for her true worth, and perhaps that's what the Phils market is doing. Love the Philippines and its people btw!

[@JasperinthePhilippines]

🤣

[@ricowallaby]

I don't think it has reached the bottom yet. . . And even if you manage to buy one, selling them is difficult, why? Well there are always newer, nicer and cheaper being build all the time. Cheers

[@JasperinthePhilippines]

🫡

[@evelyndennis9199]

There taking advantage not only pilipino also foreigner. Be careful. 😢

[@JasperinthePhilippines]

Yup

[@ydad9381]

Then goto other country with a lower rent.

[@JasperinthePhilippines]

I’m good.

[@HeinzBuchler-vg9dx]

BGC is not representative for the Philippines.

[@JasperinthePhilippines]

Ok

[@jakexake2940]

Oh like Newark, NJ or Detroit, MI or Bronx, NY is not part of America? The fact is, your limited provincial mindset has to broaden. Countries have desirable and non desirable areas. It doesn't mean that a specific area is not representative of a nation. BGC is the Philippines as much as crime ridden Newar, NJ or any of those high crime liberal cities in CA is part of the US, not any less

[@HeinzBuchler-vg9dx]

@ sure, Beverly Hills Is typical for US

[@FrankOckel]

Can you please make your measurments in sqauere meters. Its much more easier for people outside US and your former colony (philippines). I lived fife years ago in Makati for 20 m2 for about 400 Euro, sich was the double amount which i was paying in Germany. I hope the people there are really get grounded for their 2,nd world service.

[@JasperinthePhilippines]

Special requests on this channel are paid

[@rayintoledocebuphilippines5517]

I’ll be renting in makati in Jan - confident I can find a one or two bedroom for max 25k

[@JasperinthePhilippines]

1 br sure

[@zympf]

Jasper, its the same everywhere, new apartments will fall in value for about 10 years!

[@JasperinthePhilippines]

Ok

[@jeretso]

Make some friends. Friend let me use condo while they were out of the country. I think its called Condo sitting. I had to pay for cleaning and electricity.

[@JasperinthePhilippines]

🤣

[@angelocalima6338]

BGC owners primarily purchased on a cash basis, but I believe a correction is imminent.

[@JasperinthePhilippines]

Umm ok

[@kadachiman7234]

No surprise really when you take away one of the major buyers in the market e.g. Chinese POGO operators...who will pay any price as all the money they earn needs to be laundered anyway.

[@JasperinthePhilippines]

Ok

[@Mikeycambovideos]

Housing prices are ridiculous in the Philippines. If you look at what you can get dollar for dollar in comparison to other countries, such as Vietnam, Thailand, and Cambodia, you’ll get an extremely larger high quality unit. Not only that but you don’t have to deal with all the headaches in the Philippines that don’t exist in those other Asian countries. The Philippines future looks grim. No nightlife and no family tourism. Vloggers should be more honest. Go to Vietnam instead. Better food, better nightlife, better housing.

[@JasperinthePhilippines]

Crazy

[@tedbreckner]

Oh, come on. The maximum visa stay in Vietnam is 90 days and if you do buy a condo you can only resell to another foreigner.

[@jamierose4088]

What the hell does a back log mean?

[@JasperinthePhilippines]

Lol

[@ianlewis2813]

A lot of the overpriced apartments are foreigners buying, but try to sell it to a local.😂😂😂

[@JasperinthePhilippines]

🤣

[@SD-wo5ru]

Manila, you can Have it! NO Thank you ! Been there done that !

[@JasperinthePhilippines]

Are you sure?

[@DoctorSpock358]

Don't buy BGC. Buy BTC instead

[@JasperinthePhilippines]

Lol

[@jimmyg9186]

Rarely a good idea to buy real estate in the third world.

[@JasperinthePhilippines]

Ok

[@oceanearth2243]

Manila has truly crashed. Anywhere that rents are dropping is a bad sign. I’m not an expert but I noticed that only the choice few buildings are booked up, Gramercy manila or Solinea tower Cebu. Otherwise not too solid. Condo prices even in Hawai’i have dropped off from their peak in 2022. Insurance crisis and rising HOAs, insane inflation is catching up and building maintenance is too crazy. Timing is everything I guess.

[@JasperinthePhilippines]

Yup

[@JasperinthePhilippines]

Cebu crashed also

[@Powerful3258]

Over value over build a poor corrupt country of have and have not lack of middle class cannot afford nice condo if foreign investment is gone Philippines will crash investor gone your master US don't Bale you out closed all military base bye bye bong dong.

[@JasperinthePhilippines]

Wo

[@mrbHanoi]

Agree 100%

[@JasperinthePhilippines]

🫡

[@cryptomando]

Real estate is going to be repriced when new property tax laws come out. Everyone will know what market rate is and realtors won't be able to hide prices

[@JasperinthePhilippines]

Could be

[@halfunkbass2966]

I paid 1.2 million php in a foreclosure. I can sell for 5 mill

[@JasperinthePhilippines]

Try to sell it.

[@halfunkbass2966]

@JasperinthePhilippines I don't desire to do that... its my place in go to when I travel to other Asian countries. It's my home office and I love it. Its centrally located, and it has three pools, a full gym and a bar for night life and dinners. Cheaper than in California where I own my house outright.

[@methemonkeyking]

That's how much I paid for my nipa hut in my backyard

[@halfunkbass2966]

@methemonkeyking Sounds like you are as happy as I.

[@JasperinthePhilippines]

@@halfunkbass2966all good.

[@dantesalazar7805]

Thats good so that condo will become cheap

[@JasperinthePhilippines]

Maybe

[@prancer4743]

Foreigners can never own property in Philippines any way so renting always best keep your reality property in your own property 😉😀👍🥂

[@JasperinthePhilippines]

They can own condos

[@Alpha-jk3be]

Prices are still way cheaper in the Philippines than in US…

[@JasperinthePhilippines]

Ok

[@JMgmkh]

and 100X harder to sell

[@popoymotmot]

pls do not buy condos in BGC. It's way cheaper to rent.

[@JasperinthePhilippines]

Lol

[@Coffewithsteve]

especially paying that in philippies

[@JasperinthePhilippines]

Yup

[@luihan2]

Inflation rate

[@JasperinthePhilippines]

Lol

[@mikibihon8826]

Being overpriced and over supply of tiny little condos like low-cost housing project. No way the priced will hold and more buyers regrets buying condos where there is noise, pollution, overcrowded pedestrians, motorists. Besides high price, high property taxes and HOA. Parking is also to be purchased separately, about half the price of the condo unit.

[@JasperinthePhilippines]

Ok

[@Goodluckbae-v6q]

Properties in province though chinese buying them all

[@JasperinthePhilippines]

Ok

[@LantangKaturay]

Nonsense! We Filipinos will never allow Chinese or any other foreigner to buy up our land. These aliens may get away with it for a while, but ultimately the Filipino people will scream bloody murder and pressure the government to take back these lands illegally acquired by these foreigners!

[@CandlestickTV]

Philippines is New York City lol westerners did it

[@JasperinthePhilippines]

Lol

[@JMgmkh]

Don't be house/condo poor.....like me

[@JasperinthePhilippines]

?

[@JMgmkh]

@@JasperinthePhilippines Spend too much on housing = less disposable money for everything else.

[@JasperinthePhilippines]

@ oh ya ya. I’m just a renter I prefer to be liquid. No clue what the future holds

[@roymoxley2587]

Phillipines no thanks I love Thailand

[@JasperinthePhilippines]

Lmfao

[@d3r3kyasmar]

Philippines is scary.

[@JasperinthePhilippines]

Ok

[@dr.michaellittle5611]

Why is it scary? I’ve lived here for 3 years and am not scared…

[@JasperinthePhilippines]

@@dr.michaellittle5611 same same.

[@dennisvillacorte4122]

So 😅s Iraq, Syria, Afghanistan, Ukraine, Libya😅😅😅, maybe North Korea

[@dr.michaellittle5611]

@@dennisvillacorte4122 Don’t conflate the Philippines with those places.

[@dennisvillacorte4122]

They should temper their greed, it was a good run, but prices are still insane😅😅😅

[@JasperinthePhilippines]

Yup

[@jefflynch3946]

You over state the condo market for the Philippines by only looking at Manila. Look at other islands or cities like Cagayan de Oro. I own four condos in CDO and if they don’t rent for what I want I don’t rent them. You have this option if you own the unit, not bank owns it. Pay cash, don’t get a loan.

[@JasperinthePhilippines]

🤣

[@jtiv4972]

..Good News indeed.....

[@JasperinthePhilippines]

Yes

[@jonathanjones9870]

Thanks Jasper what is the average square footage for a one bedroom in BGC? And what would be the average rental price for that one bedroom? Thank you.

[@JasperinthePhilippines]

A true one bedroom has a door. Not a sliding partition. 42-60 square meters. 600-1000$ usd.