[GrandS]

Originally Posted by Longitude

Its a matter of getting the right location, the right price and marketing strategy. The developers do count. Never chase the market. Even if the selling price is running you may still be able to buy at a bargain later. When it is nearing turnover some owners will need to dispose off their units as they can't afford to pay up the hefty balance. Banks are also conservative in lending. Lending houses lend only 50% of the purchase price but at exorbitant interest. So some buyers are prepared to sell at their original price or even lower. That is why some buyers are holding on to paper losses. If you go in and buy lower you can rent ouy your unit cheaper than others and you get quite a good ROI. St Francis is a good project but the price makes it difficult to get tenant. I have a 60 sqm 2 BR in Mandaluyong which is quite close to St Francis. I bought it for slightly above 3 million. It will be turnover end of the year. I will put in 3 double decked beds and rent it at 30k per month. It can easily hiuse 10 tenants. And with each paying just 3k it is easily affordable to most working ibctge call centres there.

I agree. Renting out bed space yields better.