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Everytime I'm in the Philippines, I see promotions for new developments, to get people into them. The houses look very interesting. Curious how that works, are there anything similar to condo fees - i.e. monthly fees? Perhaps because they probably have HMO fees? Or no?
How is security for them? WHat kind of price range are they usually set at? Where would you usually find them? Basically curious about them, for as much as I can learn about them.
They are usually in a closed subdivision with 24hr security.
You give reservation fee like 20,000 pesos then give them downpayment something like 300,000 pesos payable in 24 months. Then after the downpayment is completed, you will already start with the monthly amortization. You can choose if you want 5, 10, 15 or 20 years payment. Loans can be done through the banks or through in house bank ( their own bank ).
Everytime I'm in the Philippines, I see promotions for new developments, to get people into them. The houses look very interesting. Curious how that works, are there anything similar to condo fees - i.e. monthly fees? Perhaps because they probably have HMO fees? Or no?
How is security for them? WHat kind of price range are they usually set at? Where would you usually find them? Basically curious about them, for as much as I can learn about them.
Some samples of what the housing looks like...
They are probably overpriced and typically located in not so convenient areas. You might get better deals buying in the neighborhoods surrounding the U.P. Diliman campus.
They are usually in a closed subdivision with 24hr security.
You give reservation fee like 20,000 pesos then give them downpayment something like 300,000 pesos payable in 24 months. Then after the downpayment is completed, you will already start with the monthly amortization. You can choose if you want 5, 10, 15 or 20 years payment. Loans can be done through the banks or through in house bank ( their own bank ).
24 hour security. Does that mean that all residents within the subdivision also pay security-related fees and other subdivision fees?
I'm also thinking that if someone were to live there, should be living there full-time. Is it something someone could buy for retirement/vacation purposes, while still living/working somewhere else?
24 hour security. Does that mean that all residents within the subdivision also pay security-related fees and other subdivision fees?
I'm also thinking that if someone were to live there, should be living there full-time. Is it something someone could buy for retirement/vacation purposes, while still living/working somewhere else?
for heavy security choose Dasmariñas Village in Makati City. I've been there and they are so tight. All households should have compound ID's. Visitors are not allowed unless the house owners agreed to let the visitors in.
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