This article was initially featured on Inquirer Plus on October 5, 2024...
What are the benefits of investing in a pre-selling condo in Mandaluyong?
- Excellent investment potential
- Cost-effective compared to fully furnished condos
- Adaptable payment options
- Priority selection of preferred units
- Revel in the elegance of owning a brand-new condo unit
Overview
Investing in pre-selling condos in Mandaluyong offers excellent investment potential in a growing market.
Pre-selling units are more affordable compared to fully furnished condos and provide flexible payment options.
Buyers benefit from priority unit selection and the luxury of owning a brand-new condo unit without previous occupant issues.
Pre-selling in real estate is offering properties for sale before they are constructed or fully completed. This term applies to various real estate types, including townhouses, condominiums, houses, and lots. It involves a contractual agreement between a buyer and a property developer, wherein the buyer commits to purchasing a property that has not yet been built.
In essence, when you invest in a pre-selling condo in Mandaluyong, you’re buying real estate based on the developer’s plans and promises, with the understanding that it’ll be constructed and finished at a later date. This is a smart choice for those seeking a potentially lucrative investment opportunity with various benefits.
Excellent Investment Potential
The increasing appetite for condominiums has a promising value. This consistent demand has solidified it as a secure and highly sought-after investment.
For those new to investing, pre-selling units come with the possibility of future growth, making them an attractive choice for individuals interested in the development potential of both the property and its surroundings.
When exploring pre-selling condos in Mandaluyong, it’s best to thoroughly assess their locations. Wack-Wack, positioned near major business districts such as Ortigas Center and Bonifacio Global City, reduces commuting times and enhances overall efficiency, particularly appealing to professionals working in these bustling areas.
Well-located pre-selling condos have outstanding profit potential for both Filipino and foreign investors. They can provide greater returns, whether through future resale or by generating rental income, serving as a reliable source of passive earnings.
Cost-Effective Compared to Fully Furnished Condos
Investing in pre-selling units comes with a unique financial advantage. They are usually more budget-friendly compared to fully completed condos. The opportunity to secure one at a lower starting cost can be incredibly appealing to investors seeking a cost-effective yet profitable condo unit.
Developers often sweeten the deal for early buyers with discounts, even before construction begins. Their goal is to fill up the building quickly, and they know early purchasers are more likely to commit. As a result, pre-selling units are often priced 30% to 50% lower than fully built condos.
This affordability sets pre-selling condos apart, especially when compared to ready-for-occupancy (RFO) condos, which usually come with a higher price.
Adaptable Payment Options
Pre-selling condos typically offer flexible payment options compared to fully completed units. For instance, you can pay through cash, bank financing, or in-house financing. Property developers offer appealing payment incentives, including discounts and promotional offers, particularly during the initial phases of their projects.
The construction phase typically extends for 2 to 3 years that’s why payment arrangements frequently extend to 36 months or even longer, affording buyers the convenience of spreading their financial commitments for an extended period.
These incentives attract early investors and provide them with more accessible and manageable payment terms.
Priority Selection of Preferred Units
Choosing a pre-selling condo grants you priority in selecting your preferred unit. Whether you have specific requirements, such as exclusive amenities, unit design, or desire a picturesque view, these units increase your chances of obtaining what you want.
You can also secure more spacious or corner units without incurring extra costs or facing competition from other buyers. This advantage is pivotal since larger units are often in high demand and are among the first to be sold out in fully constructed condo buildings.
Revel in the Elegance of Owning a Brand-New Condo Unit
A pre-selling property allows you to enjoy all the luxuries of owning a newly built unit once the project is complete. This means that every part of your property is brand new and doesn’t have any problems.
Once the developer turns over your condo, you won’t have to worry about any damages from previous occupants or owners. You can be sure that the appliances, fixtures, and other parts of your unit are all new.
At Shang Residences Wack Wack (SRWW), an exclusive resort-inspired real estate property nestled in the verdant neighborhood of Wack Wack, Mandaluyong, we offer contemporary tropical luxury pre-selling condo units. Our vision is to create homes that people feel innately drawn to, coupled with magnificent, unobstructed views over Wack Wack Golf & Country Club. We aim to be your oasis in the city—a place to unwind, contemplate, and rejuvenate amidst luxurious surroundings.
Key Takeaway
Purchasing a pre-selling condo in Mandaluyong offers a golden opportunity for cost-effective, high-return real estate investments. With cost-effective prices, flexible payment options, the first pick of prime units, and the assurance of owning a brand-new property, this smart investment choice combines affordability with the promise of future financial growth, all within the strategically located and thriving urban landscape of Mandaluyong.
Please don’t hesitate to reach out to Shang Residences at Wack Wack if you have any questions or inquiries. One of our dedicated sales representatives will be happy to address your queries or concerns. You can also e-mail us at [email protected].
