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Buying condo units in Tagaytay and other bustling areas in the Philippines is still one of the best ways to invest, because these types of properties have historically appreciated in value over the years.
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Buying condo units in Tagaytay and other bustling areas in the Philippines is still one of the best
ways to invest, because these types of properties have historically appreciated in value over the
years. Did you know that Tagaytay is now a top business and tourism district in the Philippines? As
the urbanization of this city accelerates, the number of condominiums and real estate opportunities
also increase. Condos for sale in Tagaytay have high rental earning potentials and generally grow in
value over the long run. Makes you interested? Here are 5 things to think about before buying a
condo for sale in Tagaytay City, Philippines.
1.Condominium Act -
Just as with any other country, there are policies that govern ownership and sale of
condominiums in the Philippines. Republic Act 4726 (also known as the Condominium Act)
allow both Filipino citizens and foreigners to buy and own units. Foreigners, however, are
restricted to owning 40% of the outstanding and capital stock. Your real estate agent can tell
you more about what provisions of the law apply to your case.
2.Professional condo management -
When you get a condo in Tagaytay, you don’t just obtain the rights to use the unit—you also
get the right to utilize other common amenities such as elevators, swimming pools, gyms,
etc. These are maintained by the developer of the condominium. You do not have to worry
about the maintenance of such sections of the condominium, but you do have to pay a
monthly fee (often called association dues) to keep them going.
3.Price increase -
The Philippines how has one of the fastest-growing economies in Asia, and real estate prices
are soaring. If you want to minimize equity and total costs, look for a condo in Tagaytay for
sale today while prices are still affordable.
4.Top developers -
Are you looking to buy during the pre-selling stages? Try to purchase from top developers in
the Philippines to make sure that the building will be finished based on the planned schedule.
Reliable property developers also provide convenient services like regular maintenance and
updates of condominium rules and expenses.
5.Real estate brokerage firm -
To enjoy a truly worry-free transaction, it’s advisable to seek reputable real estate brokerage
firms that have wide networks and that partners with the best service providers. You will have
a great buying experience and get the best deals on Tagaytay condos.
About the Author:
This article is written by Kimberly Khia, working as an Executive Assistant at Housal Inc. Housal Inc.
is a real estate brokerage firm based in West Bonifacio Global City, Taguig, Philippines. They offer
brokerage services to investors, property owners, and even landlords who are willing to invest in the
real estate sector in the Philippines. They are in partnership with some of the best real estate
developers in the Philippines like Century Properties Group, Megaworld, Rockwell Land, Ayala Land,
Ayala Land Premier, Robinsons Land, Federal Land, Avida Land, Alveo Land and DMCI.