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Many condo owners often lease or rent out their condominium units within the Metro Manila area and neighboring cities as a secondary income source. This is certainly a viable way of cashing in on the real estate boom that is sweeping the country.
Many condo owners often lease or rent out their condominium units within the Metro Manila area and
neighboring cities as a secondary income source. This is certainly a viable way of cashing in on the
real estate boom that is sweeping the country. Many of these condo units offer indoor pools, gyms,
and other amenities as standard. These condos for rent in the Philippines are also competitively
priced to suit the budgets of those looking for a place to stay close to work.
The best condo units are often built by reputable developers that work on multiple projects in
different sites around the country. They are able to offer fairly low rates in a very bullish real estate
environment. Many prospective rental home seekers are lured in by affordable housing units,
choosing them instead of townhomes or house and lots.
If you are interested in a condo for rent in Metro Manila or other parts of the Philippines, the first
thing to look at is location. A typical small condominium unit is ideal for single professionals who just
need a place that is in close proximity to their workplace or has at least a decent access to public
transportation. This will allow you to get around easily within the city, which is notorious for traffic
congestion. Renting a condo provides a practical solution for those who live far off from their places
of employment as it eases their commute and cuts down on their travel time which they could spend
on other more important activities. The good news is that big name developer in the mid-range
segment often build their condos close to major thoroughfares or commercial hubs in order to attract
buyers or those who want to rent a living space close to these amenities.
You also have to factor in the price. Ask the landlord if the monthly rental rate already includes
association dues or if you have to pay for it yourself. Don’t forget to check if you can use the
amenities—like the pool or gym—for free, or if you have to pay as you go.
For the higher-end market, there are condos in the Philippines that rent for upwards of P80,000.
These units are in luxurious buildings that are built for hotel-like living. You can expect generous
floor areas and upscale amenities. These developments are usually located in the middle of upscale
shopping and entertainment hubs.
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.