Hi,

Sulit ba ito? The website says they charge as little as PHP 1.4m for a 3-bedroom unit. Baka naman 60sqm lang iyan, but even then seems low per sqm.

Anyone else heard of it?

1.4 M???!!! bka downpayment lang yan. Or maybe the location is not convenient or safe therefore lower offer

I think there is already a thread for this....

yeah.. i believe there is a thread for this already... but.. need to dig it out to find it.. :D

Hi,

I posted about this some time back and got a response that there was another thread about it, but after some search I don't think a proper thread ever got started about it.

Anyway, I hear prices in the range of PHP 40,000 to PHP 50,000 per sqm, isn't this much better value than projects such as the Makati preselling ones where PHP 100,000 per sqm seems standard?

the ones in makati are by Ayala Land.

Hi,

I posted about this some time back and got a response that there was another thread about it, but after some search I don't think a proper thread ever got started about it.

Anyway, I hear prices in the range of PHP 40,000 to PHP 50,000 per sqm, isn't this much better value than projects such as the Makati preselling ones where PHP 100,000 per sqm seems standard?

Anyway, I hear prices in the range of PHP 40,000 to PHP 50,000 per sqm, isn't this much better value than projects such as the Makati preselling ones where PHP 100,000 per sqm seems standard?

Hello centius!

Further to Dvorak's post, we should not compare properties in Makati with Quezon City - they belong to two entirely different categories.

Other guidelines which can further help you:

1) compare projects in a particular location
2) compare projects within the same price point (ie, low-range, mid-range, high-range)
3) compare finishes of the condos
4) compare density of condos, ie. number of units per floor (ie, low density condos command a premium price vs high density condos)

There are more guidelines which you can use. To come up with the best analysis, you have to consider several factors.

Hope this helps!

^^ that's right! you also have to consider the heavy traffic you have to face every morning if you're working in makati or ortigas. and also, if you're going to the university belt from that area, you might wish that you're car could fly because of the traffic jams in Espana and Aurora. even if the units there are relatively cheaper, i don't think i would be intrested.

But isn't it a convenient area for having good times at night?

It's near places like Heartbeat and Pegasus. There are lots of nice places to eat there (my favorite TGI's among them).

And relatively near UP which I have nostalgic memories of.

Also note I probably worked my last day in Makati/Ortigas more than half a decade ago and that it will be more a place for me to stay in Pinas when I am there.

Am I not getting a good deal?

come to think of it,where the traffic is,meaning business is doing well because thats where the people hang out. And if everythings w/n your reach,who needs a car anyway?

My main concern for the area is the flurry of carjacking that happens from time to time. I would personally avoid it like a plague... :(

I actually bought na nga.

It is my ideal bachelor pad in many ways.

a) penthouse (of an 18 story building, loft style which makes it even higher)
b) just the right size (about 45 sqm)
c) with a great view
d) ideal location as I define it (as I said, I doubt I will work in Makati or Ortigas ever again and it is near all my favorite spots)
e) great price - including the parking slot and the interior design which I intend to spare no expense on it will cost about PHP 3 million all told, which I am happy with

I spent two years studying and thinking about it and I finally took the plunge. :)

Congratulations @centius on your purchased!!!

Mga pards,

Anyone else have any opinions about this project?

Comment naman kayo para matuwa naman ako!

i passed by the area yesterday and saw a big signage sa fence saying that it will be completed by Dec 2007 .. not sure if its referring to one section or one tower . . .

If im not mistaken, this is from San Jose Builders. I have checked a couple of their projects, namely Francesca Tower and Presidents Tower. Personally, ayoko ng gawa nila. Sobrang low cost (hence the low price) pero baka naman mas maganda ito than their previous projects but i seriously douth that. Kaya if anybody is considering this project, i suggest that they go muna sa ibang projects ng san jose, not just the model unit kasi madaling pagandahin yun. Pero yung overall look ng project, pangit at mukhang cheap. 1.4 is still 1.4M you know.

PArang mas maganda pa yung katabing tower na Venezia Towers. IMHO. Thanks.

Eto pala yung thread na hinahanap ko, pa merge na lang siguro yung thread ko about this.

Medyo maganda nga tignan yung 1.4m 3 bedrooms, anyone knows kung ano sukat nung 1.4m na yun?

Saka tapos na ba rendering nila? Malabo sa Dec 2007 yan kasi kahit hukay di pa yata tapos eh.

^^ alam ko above ground level na sila e. podium level na ata or parking ba yun? Tuwing magmamass kame sa st. paul, kitang kita yan.:)

On the contract I signed with the developer they are contractually obligated to turn the units over in 2 years (or was that 2.5 years?), anything earlier would be a bonus for me.

As for the PHP 1.4m 3-bedroom units, they are about 45 sqm in size, which is small for a 3-bedroom but that is still just PHP 32,000 per square meter which is much much lower than Makati projects at PHP 100,000+/sqm and others in Ortigas/QC which top PHP 60,000/sqm easily.

I actually paid about PHP 2.8m for mine (PHP 2.4m for the unit, and another PHP 0.4m for the parking lot), and I know I will have to spend at least another PHP 0.4m on the interior (the deal is that you get a bare unit), the PHP 1.4m is for lower floors/inner units whereas mine is a penthouse with a great view.

http://img262.imageshack.us/img262/5922/dsc02223db2.jpg

http://img137.imageshack.us/img137/6862/dsc02224vo9.jpg

http://img145.imageshack.us/img145/658/dsc00005wo4.jpg

http://img246.imageshack.us/img246/7724/dsc00010yw5.jpg

http://img185.imageshack.us/img185/3268/dsc00011dt3.jpg

http://img410.imageshack.us/img410/9250/dsc00013lz3.jpg

On the contract I signed with the developer they are contractually obligated to turn the units over in 2 years (or was that 2.5 years?), anything earlier would be a bonus for me.

As for the PHP 1.4m 3-bedroom units, they are about 45 sqm in size, which is small for a 3-bedroom but that is still just PHP 32,000 per square meter which is much much lower than Makati projects at PHP 100,000+/sqm and others in Ortigas/QC which top PHP 60,000/sqm easily.

I actually paid about PHP 2.8m for mine (PHP 2.4m for the unit, and another PHP 0.4m for the parking lot), and I know I will have to spend at least another PHP 0.4m on the interior (the deal is that you get a bare unit), the PHP 1.4m is for lower floors/inner units whereas mine is a penthouse with a great view.

Are the transaction costs and VAT included in your purchase price or is that extra?

Thank you Kiben, not a lot of people seems to be updating for the South Triangle area.

By law all units sold at under PHP 2.5m are exempt from VAT. I actively sought a unit that was just under that threshold, if it passed PHP 2.5m I would have had to pay another PHP 0.3m-0.4m (the VAT would have been either 12.5% or 17.5%, I can't remember anymore). The parking lot is sold separately and doesn't count towards the PHP 2.5m threshold.

Transaction costs are included in the PHP 2.4m, they were small and were less than PHP 0.1m if I recall rightly.

Its on the rise . . baka maunahan pa yung Torre Venezia :)

http://i78.photobucket.com/albums/j104/sq0111204/DSC00007.jpg

Those are massive structures. Actually, in some of the ABS-CBN news shows (ie. XXX), the Victoria Towers can already be seen as background whenever the broadcasters report on top of the ABSCBN building.

^^ Yeah, on XXX, the U/Cs TriNoma, Victoria Towers, Torre Venezia, and the on-hold Capitol Place (behind Q.C. Hall) can be seen.

at Jollibee
http://img292.imageshack.us/img292/2128/dsc00069wd5.jpg

Ang galing naman, natutuwa tuloy ako makitang lalong lumilinaw na makita ko ang condo soon!

eto, mas malapit, :) ang laki pala nito
http://img444.imageshack.us/img444/9413/dsc0198aj7.jpg

http://img444.imageshack.us/img444/2448/dsc0199ta2.jpg

^^ Thanks for the pics.

Guys I am excited about my penthouse in this building, sulit na sulit ano!

Kamusta na ang project na ito? Tuluyan bang lumalapit sa himpapawid?

hi centius.

i bought one 43 m2 unit recently. it's at the 12th floor of tower b. we're neighbor.

actually, the unit is for my kids. 5 year from now my eldest will enter college and it's for her and the other 2 sibling.

btw, my agent was a former classmate in secondary school and i met her during our homecoming. i was suppose to buy one at manhattan gardens in cubao near gateway mall but my biggest turn-off is it's turnoverdate of 2010 unlike victoria which is dcemeber this year.

during my last visit, the're already installing aluminum exterior wall cladding but i beleive the project will hit some snag. i don't see a complete turnover this december, maybe partial, completing tower a.

anyways, timog-panay road is excellent for me being a true blue kyusi boy. tambay ng torillo at limbaga dati.

i was told further robinson's dept. store will occupy the commercial space below.

I am considering two condos, Victoria Station or Towers and El Jardin Presidente 2. Victoria Station wins by price and turn over date but El Jardin has lower density per floor (6 vs 24), semi-furnished, and a one floor unit unlike Victoria's split level and bare units. My apprehension on Victoria Towers is that the developer's previously built condos were not that good. Megaworld on the other hand has El Jardin 1 as their example for a track record. The price difference between the two could be a low of 900,000 PhP for a 40 sq meters unit.

Need advice.

do u mean this u/c victoria towers or the victoria station, their next project in QC near the MRT GMA station?

well for victoria am looking at both; timog and EDSA

http://i63.photobucket.com/albums/h141/oboi_1/victoriatowers.jpg

massive! :D hala, nu na nangyare sa torre venezia, haha

well brightblade, i tell you. megaworld is one hell of good real estate developer (condo). manhattan gardens in cubao was in partnership with araneta which develops and own the area. their hands are full with prospect at the fort and makati as well. me nabasa pa yata akong cebu.

i suggest don'y buy until you have the feel the in's and out's of acquring one beside knowing too well the credibility of the developer or owner. location is one prime consideration as well.

as i've said being a true blue kyusi boy, i love being at the heart of this city. besides, i know san jose builders being a construction firm.

have your thoughts. check out how much you are willing to spend. buy some magazine and ask sales executive. don't get wowed by model unit...baka mapabili ka ng di oras.

i'll be coming early next year to complete the interior of my kids unit. btw, i'm a civil engineer. here's the link where i work.

www.el-seif.com.sa

we're responsible for erecting the tallest building so far here in saudi arabia. the kingdom tower of prince waleed bin talal. one of the ten richest man in the world.

unist at victoria are loft type, 2.5m ceiling height and it will cost you php 50,000.00 per sq. mtrs.

again check out your options.

thanks nga pala sa update ng pictures obo_1.

taken by gcleric2 from flickr

taken june 7th

...i think this are the victoria towers....

http://i9.photobucket.com/albums/a91/EnozAnewor/gcleric2quezoncity.jpg

^^^wow! kyusi skyline.

pero di ko maaninag ang victoria towers. yung mataas sa left malamang.

^^^wow! kyusi skyline.

pero di ko maaninag ang victoria towers. yung mataas sa left malamang.

not sure kung ano yung nasa left......it looks like a cityland project (purely a guess)......but i think victoria towers are the ones just to the right of it (the shorter construction)......anyone?

delete

not sure kung ano yung nasa left......it looks like a cityland project (purely a guess)......but i think victoria towers are the ones just to the right of it (the shorter construction)......anyone?

yep., victoria is the u/c on the right., the one on the left is torre venezia.,

thanks pards. most probably. victoria is only 18th storey tall.

assumption ko kasi iyong mga streets were morato and timog but on the other hand becaus of your comments i believe the picture was taken fronting quezon av. going edsa.

right?

the pic was taken from ELJ building., inside ABS-CBN. :) notice the 'mala-palasyong' mini hotel sa bottom of the pic? that's camelot (which is infront of ELJ) :)

Guys - what do you think the fair market rental will be on a 45 square meter penthouse with a view in this building? It's on one of the inner corners so it should have a view through the window on one side and a view through the balcony on the other, but it's the same view, just one direction.

Could be a nice idea to rent the unit out and use the rentals to buy another. :)

ginataang suso thanks for the advice, i got a 43sq meter unit at megaworld. it was a tough decision to make.

any one of you heard about Victoria Station? according sa news, stop daw ang construction nya because it is "illegal" daw? any truth to this?

nyay, another illegal u/c building sa QC after torre venezia. this might halt the on-going property boom!

how do you verify these info? kase kukuha sana kami ng unit dito eh. bali sa 26 na due ang 1st month ammortization namin.

yikes meaning nakapag reserve na kayo? verify muna ha bago mag-proceed. dami naman projects ang san jose so hindi nila isasa-alang-alang ang reputation nila. but of course, di mo pa rin masabi

please confirm your news. i think victoria towers is different from vitoria station.

if this is true. please, kindly post the article and make it a fact.

thanks.

victoria station is different from victoria towers. it's supposed to be built near gma mrt station. so which one is illegal (if rumor is true?)? :ohno:

Grabe!!! Ito rin? Ano ba yan? May sumpa yata yung lugar na yan. Isa lang ba yung Victoria Tower at Victoria Station? Natatandaan ko ito, dahil nung nagbakasyon ako ng Jan ay may pinamimigay na raffle ticket para sa project na ito sa airport. Buti na lang at hindi ako nanalo, dahil pag nagkataaon ay aasa ako sa wala.

sori hindi yata maliwanag yung unang explanation ko. i'll try again:

>>victoria towers and victoria station are two different projects by the same developer. the former is currently being built on timog corner panay avenue as u can see in pics from previous posts. the latter will be located in kamuning, along edsa, very near (& they say will be connected by a bridge or something to) gma station of the mrt.

>>new san jose builders has indeed several on-going projects that they wouldn't want to be jeopardized. baka naman this rumor is about torre de venezia na napagkamalan na victoria station (towers?) because of the proximity ng kanilang location? :ohno:

kakalagay palang ng crane ata ng victoria station.,

^^

oo nga e, nakita ko rin yung crane and last time i passed there which was two days ago, mukhang may mga gumagawa pa rin naman so tinuloy pa rin namin yung payment.

haay, sana hindi totoo...

shouldn't we hav another thread for victoria station? yung forbes towers nga dalawa ang threads one for each tower LOL. :lol: sori di talaga ako marunong mag start ng thread. :ohno: just to avoid more confusion between victoria towers and station... and in their developer's site, they even hav a fort victoria?! would that really be in... the BGC??? interesting kung ganon... not the least the design and the pricelist... :)

actually i saw that. Fort Victoria. That would be interesting to watch out for since mura ang Victoria di ba?

^^ Why of all names, Victoria? It's quite associated with the Victoria... sshhhh!!! :D

ssshh... atin-atin lang... :gossip: victoria ata yung name ng matriarch ng family... secret!! LOL!! :lol:

Ah, akala ko naman kung anong ssshhh na yan eh. Akala ko yung sshhh na Victoria Court. :D

wala daw po illegal sa victoria station, currently meron daw po sila bagong tayo na sales booth sa SM. Price 5 na daw po ang Victoria Station. so nasa 1.8m na siguro ung minimum nila...

price 5?

wala daw po illegal sa victoria station, currently meron daw po sila bagong tayo na sales booth sa SM. Price 5 na daw po ang Victoria Station. so nasa 1.8m na siguro ung minimum nila...

this is good to hear. saka tuloy pa din naman contruction nila eh. pag inorder naman sila na stop contruction dapat hinto agad, diba?

price 5? Ano daw?!?!?!

baka category 5 kung meron mang ganun.

wala daw po illegal sa victoria station, currently meron daw po sila bagong tayo na sales booth sa SM. Price 5 na daw po ang Victoria Station. so nasa 1.8m na siguro ung minimum nila...

>>pls clarify what price 5 means. thx!! :)

>>pls clarify what price 5 means. thx!! :)

siguro 5th time na nag-increase ng price? kasi, as we all know, the developer will normally increase the price of the condo after they have sold x number of units

Kamusta na ang project na ito?

its doing ok. i was at the site last night since dun ako sa katabi nito nagpapamasahe, sa wensha. may banner sila na parang countdown to dec 2007. this is such a huge project. i think they're putting the cladding already dun sa parking levels.

This was taken around July according to their website, i don't know how they're gonna finish it by dec 2007.

http://i38.photobucket.com/albums/e103/asbusinos/Picture_1.jpg

http://i38.photobucket.com/albums/e103/asbusinos/Picture_2.jpg

they might, since bare naman ang loob ng mga units.

How close are we to completion? :)

they're working on it 24/7. i passed by there last night at kahit 1am na may gumagawa pa rin.

warning lang po sa mga properties ng new san jose builders. we got a unit at residencias de manila one of their big projects in partnership with city of manila and we are very disappointed. mukha lang syang mura at 2M for 43 sqm pero mas napamahal pa kami sa renovations at hassle na inabot namin. owners started occupying their units since early last year, almost 50% occupancy na po ang building, pero wala pa rin meralco subscription, nakikikabit lang sa ibang building kaya everyday brownout at laging may power fluctuation, 110 lang ang supply nila. wala rin water supply from maynilad, deep well lang ang tubig na madulas at malabo. bumabaha sa parking at common areas. and most of the units on the 7th floor(last floor) may tulo. kundi lang ang laki na ng nabayad namin sa unit, hindi na sana namin itutuloy, sobrang sakit sa ulo ang inaabot namin. and the building admin and the developer doesnt seem to care about the complaints. hindi inaasikaso ang mga job orders, punchlisting items etc. you may check this out with other unit owners there. so just be careful when dealing with this developer. or you may find your hard earned money going down the drain...

meron din akong friend na nakabili sa isang earlier project nila sa scout area. smaller project, 6 stories lang. mga 10 years palang yung building pero mukhang haunted building na. hehe.

mahina yata ang developer na ito sa pag maintain ng building. buying a condo doesn't end sa turn-over. dapat maganda rin ang maintenance para naman may resale value pa rin.

Yikes - should I be worried about my investment now? :(

Yikes - should I be worried about my investment now? :(


imo, victoria towers should be okay . . yung Residencias de Manila, is that the one located at the foot of Nagtahan bridge? I think this project is really aimed at class c market because it has a signboard on top of the building which has the endorsements of noli de castro saying why rent if you can own a unit at very affordable price

if i remember correctly, noli de castro also endorsed victoria towers as an affordable condo. but hopefully the developers would have learned their lessons from past projects... >>like cityland: their corinthian executive in ortigas is generally well-received by SSCers as an improvement over their past projects... :)

next month na ba opening?

Hi - didn't the banners proudly say they'd be done by Dec. 2007?

That's in a few more days/weeks.

What do you guys see on the ground? Thanks.

Hi - didn't the banners proudly say they'd be done by Dec. 2007?

That's in a few more days/weeks.

What do you guys see on the ground? Thanks.


by the looks of the building exterior, I dont think it will be completed in december . . realistically, 2nd quarter pa siguro . . unless they will turn-over one building ahead of the others

The turn over of this project is on dec 2008 not 2007. I like this project i can't really say affordable but the payment scheme is spread thorugh a long period of time which makes it easier on the budget. I love the location very much and the amenities are fine as well. It's in the heart of qc talaga and i heard na idedevelop pa daw ang surrounding areas to be a central bussines ditsrict .what do u guys think about this one? how does it look na ba? i heard almost complete na ang exterior but the inside is not finish yet. any comment on this project?

ay mali pala ko. i meant to say victoria station kala ko they're the same hindi pala. parepareho kasing victoria eh hehehehe

If NSJB build this right, then it has a great potential being in the vicinity of up and coming QC-CBD. Also, good property management and HOA should be put in place to preserve the property's "quality." Otherwise, your investment will go down the drain.

Merry Christmas!

passed by the Timog area yesterday and saw a big signboard in the facade saying that Robinsons supermarket will open soon . . . wondering how much space it will occupy . . .

passed by the Timog area yesterday and saw a big signboard in the facade saying that Robinsons supermarket will open soon . . . wondering how much space it will occupy . . .

Ok to ah. Mukhang iba nga yata ang Victoria series ng NSJB. Good signs sa mga buyers. Sana makita natin ang completed project soon.

^^ True true I agree with you. The projects of San Jose Builders are actually improving and getting better and better as new ones come along. Iba naman kasing level and target market yung previous low cost projects nila versus their "Victoria" tower line and especially "Fort Victoria" I imagine. I think a real good indicator of how much better the new projects are is to check out the different Victoria line of projects just as Superboy did. Here's an observation posted by Superboy quite recenly when he did an inquiry and tour on Fort Victoria. :) :) :)

nakapasok ako sa victoria towers. surprisingly its good, not excellent but good. pretty decent i must say. ibang-iba sa ibang san jose projects.

naka-granite tile with granite baseboard ang hallways ng residential units. at dropped ceiling din ang hallways. medyo mababa nga lang talaga. victoria towers has 2.5 meters floor to ceiling height as opposed to 2.7m sa Fort Victoria. So konti lang ang taas.

btw, mas high end daw ang gagawin nila in terms of finished product sa Fort Victoria.

Surprisingly parang maganda ang Fort Victoria as a whole. para syang trion ng RLC in design. combination of concrete and glass. maganda rin ang fountain area na ginawa nila. based lahat to sa replica model (tama ba ang term ko hehe).

in fairness, hindi naman sore thumb ang FV sa area na yun ng BGC. It might not be as impressive as Pacific Plaza and One Mckinley pero decent enough naman sya at hindi mukhang tenement hehehe.

anyways here are the pics, please click na lang since hindi sya lumalabas using my OS.
to others, repost na lang ang pics hehe.

http://i98.photobucket.com/albums/l255/dodecruz/FV6.jpg

http://i98.photobucket.com/albums/l255/dodecruz/FV5.jpg

http://i98.photobucket.com/albums/l255/dodecruz/FV4.jpg

http://i98.photobucket.com/albums/l255/dodecruz/FV3.jpg

http://i98.photobucket.com/albums/l255/dodecruz/FV2.jpg

http://i98.photobucket.com/albums/l255/dodecruz/FV1.jpg


here's the floor plan of FV

http://i98.photobucket.com/albums/l255/dodecruz/download.jpg

http://i98.photobucket.com/albums/l255/dodecruz/download-2.jpg

http://i98.photobucket.com/albums/l255/dodecruz/download-1.jpg


Nakausap ko na ang agent.

here's the infos i got.

for the entry level unit---

39.70 sqm bi-level. 4th floor.
P2,944,093 so P74,158/sqm.

and that's bare units. floor to ceiling height is only 2.7meters.
it's standard they say.

medyo mahal na sya talaga since it's bare units.
pero ganda talaga ng location so i guess mura pa rin.
the terms is really to die for.

5 years w/o interet for the 30% dp.
so around 15K lang monthly for five years.

but they'll gonna finish the 3 towers daw in 3 years lang.
i think kaya nila ginawang 5 years para bumaba ang monthly ng dp.
para mas maraming kumuha agad.

need your opinion guys...

dropped by Victoria Towers yesterday and was able to talk with someone. right now, a typical unit costs 3m na daw but may nagpareserve daw sa kanya nung 2.1-2.3m pa lang ang unit na kukuha ng bigger unit, in essence, pwede n'ya mabigay sa akin yung unit in that price (2.3m). it's around 43sq. m.

also, may 10% discount and equity is only 10% payable in 18 months.

do you guys think that it's an ok deal or too expensive pa rin?

bali nasa 12.65k/mo ang equity n'ya.

up...

badly need your opinions, guys.

if you already like the location and the price, and the building (since you can already check it), then this is a good deal since it's as if you're buying 2 years ago since you'll be using an old contract.

i think may nakabili din dito na unit, maybe he can share the price that he got para makapag-compare notes kayo.

if you already like the location and the price, and the building (since you can already check it), then this is a good deal since it's as if you're buying 2 years ago since you'll be using an old contract.

i think may nakabili din dito na unit, maybe he can share the price that he got para makapag-compare notes kayo.

did a read through on this thread and the unit that i'm eyeing right now might be in the price range of 1.4-1.6m during pre-selling.

tapos she gave me 'til end of this month lang to decide.

haay, what to do, what to do...

did a read through on this thread and the unit that i'm eyeing right now might be in the price range of 1.4-1.6m during pre-selling.

tapos she gave me 'til end of this month lang to decide.

haay, what to do, what to do...


badsector,
maybe, he is just pressuring you to sign-up . . maybe, the price is really
2.3M and has not gone up to 3M yet . . try to call another sales agent to find out "real" market price of the 43sqm unit . . at least, for comparison purposes

oo nga no. makes sense.

thanks for the tip sir!

pics last wed.

http://i98.photobucket.com/albums/l255/dodecruz/VictoriaStation-1.jpg

http://i98.photobucket.com/albums/l255/dodecruz/VictoriaStation.jpg

according to nsjb website, RFO na ang Victoria Towers?! any comments? violent reactions?! :cheers:

according to nsjb website, RFO na ang Victoria Towers?! any comments? violent reactions?! :cheers:

In fairness to NSJB, here's the link to the dev't http://www.newsanjosebuilders.com/construction_monitor.php?project=VT&year=2008&ds=Y.

up...
need your opinion guys...

dropped by Victoria Towers yesterday and was able to talk with someone. right now, a typical unit costs 3m na daw but may nagpareserve daw sa kanya nung 2.1-2.3m pa lang ang unit na kukuha ng bigger unit, in essence, pwede n'ya mabigay sa akin yung unit in that price (2.3m). it's around 43sq. m.

also, may 10% discount and equity is only 10% payable in 18 months.

do you guys think that it's an ok deal or too expensive pa rin?

bali nasa 12.65k/mo ang equity n'ya.

badly need your opinions, guys.


BadSector...If I were you Id grab that offer right now. Sales agent of VT was offering me a unit for P 2.8 with 54 sqm back in January 31. Just changed my mind and bought a unit at Fort Victoria (Fort Boni). If you choose not to take it please let me know I may consider taking it. Pero that is a good deal, grab the opportunity, good luck!

Marwin

pics last wed.

http://i98.photobucket.com/albums/l255/dodecruz/VictoriaStation-1.jpg

http://i98.photobucket.com/albums/l255/dodecruz/VictoriaStation.jpg

Super Boy...spoke with my sales agent on unit I bought at Fort Victoria, (actually Victoria Towers agent siya split lang sila sa sales commision ng designated agent ng FV) by July they will build Victoria Towers 2 starting approx 3.3 million. If this will be the pre-selling you think this may be a good investment my friend? If you agree, sabay tayo bumili when I go home for a visit in July:) But not really sure ang sqm for that price. Well I can ask next time I speak with her....Marwin

where would that be? location pa rin ang key when buying condos. unless, you're gonna use it.

meron din akong friend na nakabili sa isang earlier project nila sa scout area. smaller project, 6 stories lang. mga 10 years palang yung building pero mukhang haunted building na. hehe.

mahina yata ang developer na ito sa pag maintain ng building. buying a condo doesn't end sa turn-over. dapat maganda rin ang maintenance para naman may resale value pa rin.

Super boy...I hope and really want to believe that reason why this is happening is because target market are "C" class? Pleas tell me this is true, kung hindi purnada yung investment ko sa Fort. Marwin

where would that be? location pa rin ang key when buying condos. unless, you're gonna use it.

I believe same area rin daw with Victoria Towers but I can clarify with her. I agree with you that location pa rin is the key to leverage your investment. So is the Victoria Towers in Timog a decent area for investment? Sorry, never visited Manila since 2001 when I used to stationed in Subic during my past US Navy career days...:)

I believe same area rin daw with Victoria Towers but I can clarify with her. I agree with you that location pa rin is the key to leverage your investment. So is the Victoria Towers in Timog a decent area for investment? Sorry, never visited Manila since 2001 when I used to stationed in Subic during my past US Navy career days...:)

as an investment, for rental or future resale once completed, i think medyo mahina ang timog area since there's no business nearby except for the 2 big TV networks. it's just my take. as for the future QC-CBD, for me, it will take a long time pa rin para mabuo yun. what they will be putting up are BPO buildings, that doesn't make a CBD.

Pero masaya ang timog, daming restos hehe. :banana:

as an investment, for rental or future resale once completed, i think medyo mahina ang timog area since there's no business nearby except for the 2 big TV networks. it's just my take. as for the future QC-CBD, for me, it will take a long time pa rin para mabuo yun. what they will be putting up are BPO buildings, that doesn't make a CBD.

Pero masaya ang timog, daming restos hehe. :banana:

Yun nga sabi ng agent ko noon...walking distance lang daw sa mga restos kaya medjo nawala nanaman ang main focus ko:ohno:. However, I will take your advice and hold on until my visit with the NSJB office on July. Thanks again for taking your time.

Super boy...I hope and really want to believe that reason why this is happening is because target market are "C" class? Pleas tell me this is true, kung hindi purnada yung investment ko sa Fort. Marwin

ummm, in a way yeah. since ang earlier projects nila ay geared towards B-C market. even the victoria lines naman yun ang market na target nila hence the very affordable terms. 20-30% in 5 years, nothing can beat that.

ayos yung investment mo sa fort. since the location is superb. and hindi na naman sya ganun kamura so i'm pretty sure medyo nasa higher bracket na rin ang bibili dyan. hence you can be assured of a better maintenance.

katabi mo ang pan pac, with manila golf and makati view. in due time fort victoria woud be appreciate. as i said b4, if i have extra money, i would get here.

but honestly, sa projects ng NSJB, only Fort Victoria lang ang titignan ko. bcoz of price and location. others, ummmmm...

hello any progress in victoria towers? hopefully we will have a place to stay this may. It says ready for occupancy on their site. anyone stopped by lately. thanks:nuts:

Its in the final phase of finishing..the commercial floors will begin constructing thier shops april 1.The swimming pool,gym is on the works.ready for occupancy na ung units though most of the owners di pa ngmomove wala pa daw sila kasama..hahaha.double time na sila magconstruct ngayon..almost all commercial units are taken na.hehehe..starbucks,jolibee,BDO,Mini stop,Robinsons supermarket malapit narin magopen..target date on the grand opening is june this year.

Also plugging: Please watchout for the studio opening this end of may @ victoria towers also! : )

some pics from the commercial area.
<a href="http://img522.imageshack.us/my.php?image=img0642km7.jpg" target="_blank"><img src="http://img522.imageshack.us/img522/8634/img0642km7.th.jpg" border="0" alt="Free Image Hosting at www.ImageShack.us" /></a>

<a href="http://img412.imageshack.us/my.php?image=img0659hw4.jpg" target="_blank"><img src="http://img412.imageshack.us/img412/8633/img0659hw4.th.jpg" border="0" alt="Free Image Hosting at www.ImageShack.us" /></a>

<a href="http://img299.imageshack.us/my.php?image=img0665hm2.jpg" target="_blank"><img src="http://img299.imageshack.us/img299/8260/img0665hm2.th.jpg" border="0" alt="Free Image Hosting at www.ImageShack.us" /></a>

http://img299.imageshack.us/img299/8260/img0665hm2.th.jpg (http://img299.imageshack.us/my.php?image=img0665hm2.jpg)

http://img141.imageshack.us/img141/5188/img0659jh9.th.jpg (http://img141.imageshack.us/my.php?image=img0659jh9.jpg)

http://img141.imageshack.us/img141/9449/img0642qc1.th.jpg (http://img141.imageshack.us/my.php?image=img0642qc1.jpg)

They are on the final phase of finishing..Actually owners can move-in na,though almost all of them are waiting for each other.hehehe..The commercial area(shown above) is also on the final phase and constructions of shops will begin april 1,Starbucks,jollibee,greenwhich,Ministop,BDO,Tom's World,an appliance center and the underground robinsons supermarket and more shops is on the way...Target grand opening is june 2008.

http://img299.imageshack.us/img299/8260/img0665hm2.th.jpg (http://img299.imageshack.us/my.php?image=img0665hm2.jpg)

http://img141.imageshack.us/img141/5188/img0659jh9.th.jpg (http://img141.imageshack.us/my.php?image=img0659jh9.jpg)

http://img141.imageshack.us/img141/9449/img0642qc1.th.jpg (http://img141.imageshack.us/my.php?image=img0642qc1.jpg)

They are on the final phase of finishing..Actually owners can move-in na,though almost all of them are waiting for each other.hehehe..The commercial area(shown above) is also on the final phase and constructions of shops will begin april 1,Starbucks,jollibee,greenwhich,Ministop,BDO,Tom's World,an appliance center and the underground robinsons supermarket and more shops is on the way...Target grand opening is june 2008.

Also plugging: Please watch out for the opening of a new photoraphy studio may 2008! : ) thanks a lot!

thanks for all your info and the pics! appreciate that. :banana:

strategic ang pwesto ng victoria towers,5% nalang ang available units in the 1000 available before..most of them are the 50+ Sqm spaces.3m+ up..very near sa abs cbn,GMA,lots of restos,hospital at the back,church beside,school also at the back,a new commercial building infront also with units all occupied(leased) because of the anticipation of the opening of victoria which will definitely draw people in from around south triangle,tomas morato and even in west ave..NSJB would'nt build a big project like that without really knowing the place.ok rin ang traffic doon,di masyadong heavy unlike in makati/ortigas.

Kamusta na ito mga pare?

n/m

Any new photo update?

SAN JOSE BUILDERS is known for building low cost housing for the poor.
lahat ng high rise that they've built are ALL pangit and eye sore. considering all the condos being built around metropolis, WHY SAN JOSE? they're worst than empire east

SAN JOSE BUILDERS is known for building low cost housing for the poor.
lahat ng high rise that they've built are ALL pangit and eye sore. considering all the condos being built around metropolis, WHY SAN JOSE? they're worst than empire east


yup San Jose is known in building low cost housing but hindi ba siya pwding mag-open sa ibang market bukod sa pag-bubuild ng low cost housing for the people.I think for me its unfair to say that or to discredit this developer for offering its product to a new market!Yes i know their other project like one in cubao ,in manila etc.na hindi maganda ang kinalabasan ng project pero ibang market naman yun compare sa Victoria Series na open for other market? di ba?

Im sure naman iimprove nila project nila dahil ibang target market nila! bakit yun lang bang well known developer lang ba ang pwd mag-build at mag-offer like ayala o megaworld?Mas maganda nga na may mga new player para marami ang mga nag-cocompete para maibigay ang the best sa mga customer nila tama ba?

Even empire east ibang market nila compare to Megaworld and sa nakikita ko eh they improving their project naman!

yun lang po guys opinion ko!:)

yes, i agree with you, jcb. let's give san jose a chance. i know they will prove the negas wrong.

I think it boils down to branding. IMO, you don't use the same brand used in building low-cost housing for building a mid-income condo unless you've already established a good name that encompasses all market segments.

actually, you're right thomasian. it's bad marketing on the side of NSJB. they should have used another name/company.

Mukhang may point si thomasian! Kung ang Megaworld mayroong Empire East and Ayala ay meron Avida i think its reasonable naman na may Victoria Land for their Victoria Series hehehehe di ba?

^^ i must agree.. wala ba itong pictures? i was wondering if this project turned out okay.. i read in the previous post that the grand opening is set this june 2008.. pictures of that event, anyone?

Hi. I'm a new member. What's the latest on Victoria Towers? Any new photos you can share will be very much appreciated. Thanks in advance.

i have photos of construction but that was taken last may pa yata. i'll try to get back there to get more updates photos...

if you are interested with the old photos, I posted them here:
www.flickr.com/chaosandcreations

hello guys. i posted here in my website some photos taken this weekend:
http://phrealestate.net/2008/07/13/mandaluyong-and-quezon-city-photos-july-12-2008/

i think i'm all mixed up. what i had was victoria station towers. let me do that again at the correct thread.

Was able to visit Victoria Towers today. Ceiling height of the bare unit is around 2.40+. Here's some pics :

living Room
http://i36.tinypic.com/20zty0h.jpg

with the balcony view
http://i37.tinypic.com/2wf7hfm.jpg

T&B
http://i37.tinypic.com/2gvop7b.jpg

^^Zenday_Design, do you have new photos re: Victoria Towers' building, commercial areas, lobby, etc.? I'm just curious how they look. Thanks!

^^Zenday_Design, do you have new photos re: Victoria Towers' building, commercial areas, lobby, etc.? I'm just curious how they look. Thanks!

Hi ruralvillage. Sorry I wasn't able to take photos of the areas you mentioned. I'll get those photos for you when I come back to Victoria Towers.:)

Hi zenday_design. We bought a unit @ Victoria Towers and we are ready for the interiors. Please post some photos of units you have done. Prospective client here. Much thanks.

Hi zenday_design. We bought a unit @ Victoria Towers and we are ready for the interiors. Please post some photos of units you have done. Prospective client here. Much thanks.

Hi eisset,

Thanks for the interest in our service.
You can see photos of our previous works in our site : www.zenday.mulitiply.com

gandang araw po.

i'm selling my unit(s) sa victoria towers, timog. 82sqm (combined unit) at 12th floor, facing st mary's college and capitol med center. P5.2M (kasama na gov't fees, transfer fees, miscellaneous fees). will upload pics as soon as i got them.

Hi everyone. Here are some photos of the completed unit we did in Victoria Towers in Bldg. A.

I will post the before photos for comparison. Unit is totally bare. No tiles, no electrical lines except for 1 emergency bulb.
Here are the before photos :

Living Area
http://i37.tinypic.com/ridcwg.jpg
http://i34.tinypic.com/21cvp2.jpg

Stairs
http://i35.tinypic.com/ouwlzl.jpg

Kitchen
http://i35.tinypic.com/2a8f869.jpg

T&B
http://i35.tinypic.com/2ns3x4k.jpg


Here are the After Pics :
Dining Area
http://i38.tinypic.com/nzoy2d.jpg

Living Area
http://i33.tinypic.com/2vl1z4h.jpg

Kitchen
http://i36.tinypic.com/2ugf03d.jpg

View from the Dining Area
http://i35.tinypic.com/msgcht.jpg

Entertainment cab on ground floor
http://i33.tinypic.com/20qotk.jpg

Master bedroom
http://i38.tinypic.com/107q2w1.jpg

T&B. We were able to fit a tub.:) Pipes were re layout to accommodate the multi-point water heater.
http://i33.tinypic.com/14tvx1d.jpg

2nd Floor. Stair/handrail is made of wood with glass inserts.
http://i34.tinypic.com/1s19jc.jpg

You can see the rest of the pics on our multiply site. Thanks for looking.:)

how much did it all cost if you don't mind. i just wanna see the cost if one has to construct from bare. thanks.

Hi,

Due to financial difficulty (I am likely to lose my job to the credit crunch) I need to sell my unit in Victoria Towers quickly.

It is in Tower A, penthouse, 43 sqm or so, with a view to the north.

For the bare unit + parking lot I am willing to accept 3.0m for it, if you can pay cash as I really need a quick sale. For reference if you try and buy from the developer right now they would want 3.7m for the unit alone + another 0.4m-0.5m for the parking lot, even with discounts for paying in cash your all in cost if you bought from the developer now would be 3.7m-3.8m so if you buy my unit from me you will save 700-800k.

This is a massive bargain compared to buying from the developer.

Please private message me if interested.
Thanks.

centius

Guys - I am showing this for 3.0m, the developer is asking for 3.7m.

Anyone interested?

shops are looking good in this building. Images below are taken from the official website.

http://towers.victoriagroup.com.ph/images/shop1.jpg
http://towers.victoriagroup.com.ph/images/shop5.jpg
http://towers.victoriagroup.com.ph/images/shop3.jpg
http://towers.victoriagroup.com.ph/images/shop4.jpg
http://towers.victoriagroup.com.ph/images/shop6.jpg
http://towers.victoriagroup.com.ph/images/shop2.jpg

^^ wow, looks really good... will check that place out...

gandang araw po.

i'm selling my unit(s) sa victoria towers, timog. 82sqm (combined unit) at 12th floor, facing st mary's college and capitol med center. P700K. tulad ni centius, i can't continue the MA due to crisis. anyone interested pa-pm na lang po. thanks.

lurker ako diyan.... mas ok pa yata mag invest sa sm mezza residences... totoo iyun low cost housing lang ang ginagawa ng san jose builders pag naturn over na nila wala na silang pakialam sa mga complaints ng mga unit owners...... isa sa project ang Bahay Caridad located sa bayani st., near araneta ave., very poor ang maintenance... pero ang community ng bahay caridad na sa middle type of people living there though mababa ang amortization its the location ang pabor dun.

Hi,
Available pa ba ang condo mo? Are you selling this for 700k for both units
(combined units)? Is this a typo error? thanks

any units for rent? please pm me the price for 2br or 3br unfurnished or semi-furnished and the dues?

any units for rent? please pm me the price for 2br or 3br unfurnished or semi-furnished and the dues?

Hi,
still interested renting in Victoria Towers? I own a 1 unit in Victoria Towers and unfurnished for rent it for 25k/month and negotiable. If so contact me in this thread. tnx

Hello to everyone.
I own 1 unit in this Victoria Tower at 14B05. I am looking for somebody to rent it for 25k/month and negotiable unfurnished. tnx

Interested to sell it too!!!

up up up up ko lang sa Victoria Towers thread. tnx

I own 1 unit in Tower B and already for final inspection and would like to get some qoute for all appliances on it. like tv, ref, dining table, aircon, etc...






Was able to visit Victoria Towers today. Ceiling height of the bare unit is around 2.40+. Here's some pics :

living Room
http://i36.tinypic.com/20zty0h.jpg

with the balcony view
http://i37.tinypic.com/2wf7hfm.jpg

T&B
http://i37.tinypic.com/2gvop7b.jpg

I just reserved a unit here in victoria towers Tower D, 11th floor 1.8m preselling rate :horse:

Up victoria towers thread: btw victoria towers tower d turnover daw ng 2012 pero khit 2013 ok pa din sakin :-)

hi guys! i am interested at buying a unit at victoria towers D but i am still having second thoughts as there are so many projects coming out.

can you share with me the reasons you picked victoria towers among others, please? thank you so much! HAPPY NEW YEAR! :)

They are building a Tower D? Akala ko sabi nila noon tatlong tower lang?

And more worrisome for me - is Tower D going to be directly to the north of Tower A, in which case kawawa naman ako mawawala ang view that I paid a premium for.

What's the scoop on Tower D and is it far enough away and positioned in a way that it won't block the view from the upper floors of the original three towers?

yes, they are building tower D but i have yet to visit the site. i dont know the positions of the tower.

May fastfood ba like Jollibee dito?

Mang Inasal, starbucks, big better burger, supermarket in the basement, etc...
May fastfood ba like Jollibee dito?

I own 1 unit in tower B 14th floor semi furnished ready to move in and its for sale for P3.4M and negotiable.
I will include the ff. appliances:
2pcs. 1hp AC installed already
1pc. samsung ref
1pc. dining table with 4 chairs
2pcs. bed (1queen and 1twin bed)
all are brand new.

If someone is interested PM or contact me on this thread. tnx

Guys, how do you like the Gold's Gym in Victoria's Tower? I think they just opened early this year?

Towers A and B Ground Lobby
http://photos-h.ak.fbcdn.net/hphotos-ak-snc3/hs475.snc3/26056_360197427775_573097775_3761640_3171912_n.jpg
Tower A 16F Elevator Lobby
http://photos-g.ak.fbcdn.net/hphotos-ak-ash1/hs475.ash1/26056_360200267775_573097775_3761650_4470283_n.jpg
Tower B
http://photos-f.ak.fbcdn.net/hphotos-ak-snc3/hs385.snc3/23561_1330374773538_1056053446_30968150_7573537_n.jpg
Pool@6F
http://photos-c.ak.fbcdn.net/hphotos-ak-snc3/hs455.snc3/26056_360200282775_573097775_3761652_1802787_n.jpg
http://photos-f.ak.fbcdn.net/hphotos-ak-snc3/hs455.snc3/26056_360203812775_573097775_3761674_8065463_n.jpg

Full blast na ang pagbebenta nito ah =)

I have a unit available for rent:

Tower A
1 bedroom / 1 bath
40 sqm.

25k/month, unfurnished

PM me for details, if you're interested. Thanks!

I own 1 unit in tower B 14th floor semi furnished ready to move in and its for sale for P3.4M and negotiable.
I will include the ff. appliances:
2pcs. 1hp AC installed already
1pc. samsung ref
1pc. dining table with 4 chairs
2pcs. bed (1queen and 1twin bed)
all are brand new.

If someone is interested PM or contact me on this thread. tnx

I own 1 unit in tower B 14th floor semi furnished ready to move in and its for sale for P3.4M and negotiable.
I will include the ff. appliances:
2pcs. 1hp AC installed already
1pc. samsung ref
1pc. dining table with 4 chairs
2pcs. bed (1queen and 1twin bed)
all are brand new.


or

I own 1 unit in this Victoria Tower at 14B05. I am looking for somebody to rent it for 25k/month and negotiable semi furnished. tnx

Interested to sell it too!!!

If someone is interested PM or contact me on this thread. tnx

did you get my reply? tnx
good day!! available p po ba yung for rent nyo?? contact me 09167474564

yes it is for sale or for rent. tnx
check your pm box
yes, tnx!! nariciv ko p[o text mo pero may nakuha n yung client ko eh. dont worry, contact kita ulit if meron nagpapahanap sakin. :)

by the way, for sale din yung unit mo right?
ill help u find a buyer :)

Hi! Mukhang madaming agent dito ah, hi guys! Please support our event for SSC here in the philippines. Check out Leechtats page on his comments for more info

Please spread this article. Please pay attention to #8. In the US such secrecy would mean lawsuit. As we struggle in our building, please locate all such articles for review.

I would strongly suggest that you get copies of the Bylaws and Master Deed and scan them and spread to all Buyers and Brokers. Also, have the broker and developer sign a statement that you have been given all documents and that any that have not been presented and signed for will not apply to you, ever. Then let the author of the article below and all newspapers know the result. It is time the Buyers let the condominium developers know that no more secrecy and games are allowed.

Another document may be the Rules and Regulations of the condominium corporation.

A Century Property Buyer, George

***

Times Chronicle: Good Morning Philippines Vol. 01, No. 26, page 5 - Wednesday, August 24, 2011
www.goodmorningphilippines.ph

Wind of Change
By Armando Ang

Tips on buying a condominium

Many readers have urged us to write something about housing, given that this is a major investment for many of them. For the benefit of those readers, we’ve made certain guidelines in buying a condominium, the most popular among the housing units, that will ensure a smooth transaction from the start until the turnover.
Here are my top ten tips.
1. The most important step to take is to determine how much you can afford to spend. This is no problem for the rich. For those buying on installment, one good rule of thumb is to spend no more than onethird of your net monthly income. This means that all current monthly credit such as car financing should also be deducted. If you still have difficulties, your financial adviser would be a great help.
Before embarking, it would be wise to start saving for a home. It could mean a lower interest rate. The bigger the down payment or the shorter the period of loan the better for you. A one percent difference could mean hundreds of thousands of pesos in savings. If you have extra funds, prepayment is allowed by law with a little penalty.
2. Make a wish list of all your needs and wants in a house. The need is what is the minimum requirement needed for the family to live comfortably while the wants are the amenities in a home. Trade-offs are common between needs and wants. Do not fail to take into account the needs for the future if the intent is to live on the unit for a long time.
The needs should always have priority. They include location, neighboring, school, church, workplace, shopping malls, etc. that will minimize cost of travel. Other needs include the number and sizes of the rooms, parking spaces, etc. Speaking of garage, choose one that is nearest to the ground level and choose it early before someone beats you to it.
3. The service of a licensed real estate broker is indispensable, especially for those new to house hunting. A good place to find a broker is through your relatives, friends, and co-workers. Be aware that most brokers are biased toward the sellers because they are the ones paying their commission. However, you can manipulate them to get a lower price. The freelance broker is not exactly dedicated to the seller or buyer. All he wants is to make a sale and gets his commission.
The service of realtors is free to all homebuyers even if the latter is the one who approach them. Furnish him all the important criteria such as your budgetand needs and wants. A freelancer would be able to show more units and all the cost of owning, including the closing costs and taxes. Unlike the real estate salesmen found in the malls, brokers are aware ofother expenses especially the taxes due and those responsible for them.
It always pays to canvass on the going price of units in the same vicinity, taking into account the location of the building. Look for them at the newspaper ads, brochures, flyers, magazines, etc. Every bit of information is a bargaining tool for you to keep the price down. You will be amazed how realtors are willing to reduce their price tag to the limit for an intelligent buyer.
4. Remember to buy from a reputable developer but expect premium prices. Beware of those who overcharge their customers with their reputation. Do not be deceived by developers with their zero-interest. They are using your money in constructing the condominium. If fact, the actual cost of building the condominium is less than a third of what it will cost them. With this in mind, always ask for the specifications and brands of the materials to be used in the building. Cheating on materials is the number one reason why many developers are making fortunes out of these enterprises. Almost all billionaires in the country are into the real estate industry.
5. If you are not in a hurry, wait for the buyer’s market. If there is a glut in the market or the economic condition is bad, developers can be expected to lower their prices. Caution: waiting for a buyer’s market may take a long time. There are also buyers immigrating and willing to sell cheaply even at a loss. There are sellers of condos under construction who cannot keep up the payments and willing to pass their units to others at a loss.
6. Do not be sway by the advertisement of low down payment, zero-interest payment and low monthly payment. They are only inducement for buyers to entertain the thought of buying from them. The zerointerest is actually a misnomer because you are not yet enjoying the use of the unit. The waiting can last for years and if you are unlucky, may never see the inside of the unit.
There are other charges in owning a condo. These are the association due charge by the homeowners’ association, exorbitant water consumption fee, insurance for the building, real property tax on the common areas, your individual real property tax, etc. Often charges meant to be paid by the developers are passed on to the buyers.
7. If you are buying on an installment basis, beware of the balloon payments. There may be several of them to make it easier for buyers to comply. It is the number one cause why many buyers have lost their investment without even seeing the building completed. Buyers usually have to wait for years before while they try to complete the installment.
Make sure you can pay off the mortgage if you have one. Those buying on a pre-selling unit do not need a mortgage because the developers are not going to give you the Condominium Title of Certificate until it is completely paid. For those who mortgaged their property to the banks, be sure to pay off the loan on time or lost heavily. This is because the banks usually loan out 70% of the total value of the unit. This is why they expect you to put up a 30% downpayment before approving your loan. Should you default, they stand to make at least 30% offhand.
8. Read your contract of sale carefully. Most of the contracts of adhesion are binding unless you have it deleted. The buyer is entitled to have any provision changed, especially when it was not originally included in the negotiation. It happened to me when I had an escalation clause removed in the contract. Whatever you discussed and agreed upon with the salesman or broker should be written down. Developers have an overriding provision in the contract not to comply with whatever you agreed upon.
Before making any deposit, read the condominium corporation, by-laws and the master deeds. The developer is very secretive about these documents because there is no way it can be changed once it is filed with the SEC. Most of them have something to hide such as high association dues over and above what is needed. The buyer is expected to comply with its provisions. Some of them may not be to your taste such as disallowing pets or visitors after certain hours.
Beware of one onerous provision in the document that allows the landowners to take back the property including the building after the lapse of fifty years. Some of these developers in joint venture with the landowner may be scamming buyers without informing them. It is incumbent on the HLRUB to require developer/landowner to advise them of this provision during pre-selling or in their brochure if there is one. Always put a contingency clause such as subject to loan approval or home inspector’s for those completed unit before you make any deposit payment. There is always the possibility of a buyer having second thought about the unit.
9. Most of the contracts of sale include provisions from the Maceda Law. It is not the best protection accorded to the buyers, mainly because of the waiting period from the time of the first payment to the time of turnover. It may take as long as five years before you see the inside of your unit. That is if you are lucky the building will be completed. Most of them the actual cost of constructing the unit including the land is only a fraction of what you are paying. The developers are using mostly your money and still charging you exorbitant price.
10. The art of negotiation is very important to get a lowball price. As long as you hold unto your money, there is a big chance of getting a better deal, even from those purportedly price listed by the developers. If their own employees can get as much as 5% discount, surely they will be willing to sell with the same discount to dispose the burden of selling a condo.
................................................................
For more information, read my
book Guide to Homeownership. For
comment and suggestions, my e-mail
address is aaa_dualforce@yahoo.com

Ok George, I/we really appreciate the “reminders, caution, beware, good to know, etc.” message in your post above. It is timely, helpful and informative for the present and would-be buyers and we thank you for that. Heck, I even commented you myself at one time (quite prematurely, I guess) :) But someone has to break the ice, so I will take the initiative on this one … and bear the consequence. But, for the love of Pete, “enough already with this repeated posting”… “We got it already!” We see your same post everywhere; it’s populating the many threads in this forum.

Ok, I will now assume the defensive position and my aegis shield ready in the event of any attack that might come in my direction. Peace George, I heart you man! :lol:

Ok George, I/we really appreciate the “reminders, caution, beware, good to know, etc.” message in your post above. It is timely, helpful and informative for the present and would-be buyers and we thank you for that. Heck, I even commented you myself at one time (quite prematurely, I guess) :) But someone has to break the ice, so I will take the initiative on this one … and bear the consequence. But, for the love of Pete, “enough already with this repeated posting”… [/B[B]]“We got it already!” We see your same post everywhere; it’s populating the many threads in this forum.

Ok, I will now assume the defensive position and my aegis shield ready in the event of any attack that might come in my direction. Peace George, I heart you man! :lol:

amen:)

“enough already with this repeated posting”… “We got it already!” lol double bold? bold much?

you could get banned for repeated postings right? I must say though that he probably felt screwed by his last purchase.

this developer sucks. should any of you had invested on this developer. kung kaya pa magrefund magrefund na.

all VICTORIA PROJECTS and SAN JOSE PROJECTS are not investment, but a huge waste... even its internal organization sucks, its sales heads are all nincompoops...