Best Posts in Thread: Marina Spatial

the moment I saw that all units seem to be equipped with / prepared for hole-in-the-wall type el cheapo aircons I lost all interest.

 

Well, so happens I have a 3 bed condo in Manila CBD, bought in 2005, so bigger one, not like this tiny crap with paper walls (e.g. Marina Spatial), a respectable 165m2. But being 20 years old now, as well as the regular Associations Dues, Insurance, Real Property Tax (RPT) for Common Areas, they now regularly ask for Capex, to replace existing elevators, waterproofing, new water tanks, etc.. This has to be paid each quarter over 1 or even 2 years each time. So my January bill for first quarter will be almost P80k, plus I have to pay around P55k for my RPT.
Though not all negative, it rents for around P100k/month and has almost quadrupled in value since I bought it. However, the association only allows rents to single families, so took a year to get a tenant, everyone wants shared accommodation because of the cost.

 

Compare 50 years of rental with the price of a condo, no one with common sense would do that, 10-15 years would make common sense

 

32 sq m, 344 sq ft is too small. Plus, they are measuring from the outside wall, not the inside--as I discussed in a previous thread.