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Old March 26th, 2017, 12:21 PM   #1401
Condodoc
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Current price

How much is the per square meter prove of The Rise now?
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Old March 28th, 2017, 06:14 AM   #1402
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Quote:
Originally Posted by Condodoc View Post
How much is the per square meter prove of The Rise now?

Latest update from the developer, the Rise is now 170,000 php vat inc.
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Old March 29th, 2017, 04:40 AM   #1403
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Quote:
Originally Posted by chynakym View Post
Latest update from the developer, the Rise is now 170,000 php vat inc.
Thank you!
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Old March 30th, 2017, 12:19 PM   #1404
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Quote:
Originally Posted by chynakym View Post
Latest update from the developer, the Rise is now 170,000 php vat inc.
Newbie here in the forum and in PH real estate in general, so please pardon my ignorance. How do developers determine how much to hike up the price of their properties? Are the price increases somewhat reflective of what the market is willing to pay?
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Old March 30th, 2017, 04:00 PM   #1405
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Quote:
Originally Posted by houndz View Post
Newbie here in the forum and in PH real estate in general, so please pardon my ignorance. How do developers determine how much to hike up the price of their properties? Are the price increases somewhat reflective of what the market is willing to pay?
Pre-selling is always much discounted. So that the developer gets money fast. So you pay lets say 2.3 million for the 25m2 studio which was the pre selling price of THE RISE in 2013 but the building will be expected to be ready in 4 to 5 years with possible delays.
If you are willing to wait that is good for you because you get a unit at a good price. But if you want to move there right away and you cant wait then you have to look for a place that is already built which is ofcourse more expensive. And than closer to construction finish than higher the price is gonna be.
As an investor you have to think if that 4 to 5 year waiting period is worth it and if you wouldnt get more out of your money if you just buy stocks. Plus there is always some risk since you dont exactly know what you are getting and there might always be some delay. And stocks you can sell instantly while selling a unit is more difficult plus you might have to pay a comission to a broker to find a buyer. And if that takes long you will keep paying the assosiation dues.
If you plan to move there yourself and you have to wait for 5 years plus some delay. Since you will have to live somewhere you have to also count your rent that you will be paying.
As an example:
Pre selling 2.3 million
your rent 25k a month x 5 years = 1.5 million
= 3.8 million
So in reality you are gonna pay 3.8 million. So if you can get and finance a place for 3.8 million or less instantly it is better since you can move in right away. But ofcourse in pre-selling there are flexible payment terms.

So if the m2 price is 170k peso as was said to be the m2 price that equals to 25m2Χ170k=4.25million. So in this case you made a good deal. But you have to ask yourself who will pay 4.25 million for a small 25m2 studio. That wont be easy to sell. Anyway if your unit is bigger like 1BR or 2BR or 3BR you will more likley find somebody willing to pay 170k per m2.
So to calculate:
As an investor you paid 2.3 million and the price is now 4.25million = + 1.95million
As somebody who will live there you paid including your rent 3.8 million price now 4.25million= + 450k (you wont really care since you are gonna live there)


Also try to pay in full before you have to take a bank credit because the bank credit is extremley high at around 5.5%. Most developers offer 0% interest payment terms but than more you can pay instantly than more discount you are gonna get (up to 8% or more depending on the developer).

Nobody can ensure you how the prices are gonna be in the next 5 years so yes the prices are currently going up but there might always be some price crash like seen in 2008 in the USA. And seeing the number of residential buildings being built and a lot of people buying those units as an investment (renting it out or re-selling) this price crash is likley to come in my opinion.
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Old April 1st, 2017, 06:46 AM   #1406
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The Rise Construction Progress



June 2014 – Start of excavation

Mar 2016 – Completion of substructure (21 months)

April 2016 – Start of superstructure

August 2016 – 2nd Floor

Sep 2016 – 3rd Floor

Oct 2016 – 5th Floor

Nov 2016 – 8th Floor

Dec 2016 – 11th Floor

Jan 2017 – 14th Floor

Feb 2017 – 17th Floor

Mar 2017 - 22nd Floor
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Old April 1st, 2017, 07:40 AM   #1407
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Quote:
Originally Posted by markkram View Post
Nobody can ensure you how the prices are gonna be in the next 5 years so yes the prices are currently going up but there might always be some price crash like seen in 2008 in the USA. And seeing the number of residential buildings being built and a lot of people buying those units as an investment (renting it out or re-selling) this price crash is likley to come in my opinion.
Hi there. Thank you for replying in such great detail. Very helpful! We bought a unit here for end use and I'm curious about the periodic price increases. Baka they just hype up the value, hehe. I'm sure there's some science behind it. Thanks again!
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Old April 1st, 2017, 09:34 AM   #1408
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Quote:
Originally Posted by houndz View Post
Hi there. Thank you for replying in such great detail. Very helpful! We bought a unit here for end use and I'm curious about the periodic price increases. Baka they just hype up the value, hehe. I'm sure there's some science behind it. Thanks again!

Most importantly development cost also increases every year and that will contribute to the price adjustment.
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Old April 1st, 2017, 10:28 AM   #1409
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The Rise Makati [63F|res|u/c]

The developer wants to maximize their return too. They will keep raising the price until such a point buyers can tolerate. As the bldg is now under contruction, there's less risk of non-completion, thus buyer are willing to pay more.
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Old April 3rd, 2017, 12:59 PM   #1410
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The Construction of Ayala-Buendia Pedestrian Overpass (Makati Post Office Side) has started.
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Old April 7th, 2017, 11:13 AM   #1411
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Old April 13th, 2017, 10:02 AM   #1412
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update
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Old April 13th, 2017, 10:34 AM   #1413
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Old April 23rd, 2017, 10:02 AM   #1414
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Few hours ago



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Old April 29th, 2017, 10:43 AM   #1415
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The Rise Construction Progress

June 2014 – Start of excavation
Mar 2016 – Completion of Substructure
April 2016 – Start of Superstructure
Aug 2016 – 2nd Floor
Sep 2016 – 3rd Floor
Oct 2016 – 5th Floor
Nov 2016 – 8th Floor
Dec 2016 – 11th Floor
Jan 2017 – 14th Floor
Feb 2017 – 17th Floor
Mar 2017 - 22nd Floor
Apr 2017 - 29th Floor
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Old May 2nd, 2017, 11:06 AM   #1416
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7 floors done between March and April? :o

Hopefully they keep that pace, they would be done by September/October.
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Old May 2nd, 2017, 07:40 PM   #1417
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The Rise Makati [63F|res|u/c]

Quote:
Originally Posted by animasola View Post
7 floors done between March and April? :o

Hopefully they keep that pace, they would be done by September/October.


Only 6 physical floors, they did not use '24' but still good progress in a month's time

Last edited by Alimak; May 3rd, 2017 at 05:49 PM.
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Old May 10th, 2017, 11:47 AM   #1418
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PROJECTED TURNOVER OF THE RISE
The target delivery date is approximately 2020.


http://www.shangrila-properties.com/...se-makati.html
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Old May 10th, 2017, 12:13 PM   #1419
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today
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Old May 17th, 2017, 12:08 PM   #1420
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Hello. What is the procedure for reselling a unit. My sales agent moved to a different job and does not return calls anymore.
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