I know of many condos and houses that are delivered as a "shell" and these are probably that way. It means you have 4 walls, a roof, door, toilet and sink and the rest is up to you to provide. I am guessing that by "no kitchen" you may mean that propane appliances are not allowed in the units but as far as I know there is no reason you could not put in an electric stove or induction cooktop.
No kitchen is not the same as not having a stove. If going electric stove better go induction. Saves a lot of electrical power. But if the condos are really in a somewhat raw condition after buying, then the prices are really too high.
I suppose it is a matter of perspective. When I looked into buying a new condo in Cebu some years back it was in a similar raw condition at a similar price. Its hard to be specific as the 2.5M units are just bachelor pads, about the size of a hotel room so would not be expected to have a full kitchen but the 1 or 2 bedroom units should have space for a kitchen and yes, they are more expensive than some condos in small town Canada. So I am curious what kind or unit you are thinking of when you make your comments? For me, a full size condo would be too expensive and I would expect a spot for a kitchen, but a bachelor pad size might suit me and that would not be a fair comparison.
Saw once a fully furnished two floor 100 sqm condo going for 4 Mio php in Lapu-Lapu city. That looked like a very reasonable price. On the opposite I saw similar condos unfurnished going for 15 Mio php in Davao. The latter one are completely overpriced. The only benefit is that the shopping mall is right downstairs. The building price for a high rise condo building per sqm is approximately 2000 to 7000 php lower than for a single house of equal standard. When you have to pay more than 40k pkp per sqm for an unfurnished standard condo and do not have superior amenities then it is too much.
What is it they Say "You only get what you pay for" BTW Doc, when you say fully Furnished for 4 Mil, what exactly do you mean by fully Furnished?
Fully furnished means that you can move in and live without to get additional furnitures. On the 15 Mio condo there you pay a lot for nothing additional. Yeah you could be able to pay a 5 Mio php condo of same standard level and still miss nothing of that 15 Mio php condo.
