Are Alveo Condos that are already built in BGC a good investment? e.g Verve, Maridien

[paraoxymoron]

Hi, i'm planning to purchase a place with 1BR in BGC a little as soon as more mobility is allowed in this ECQ. Any overall reviews with the aforementioned condos? Budget is below 20M.

 

[queerchristian]

@paraoxymoron Head to SkyScraperCity and just type in the name of the BGC condos for threads you can read. Many owners and investors post there.

 

[hope4ul]

@queerchristian +1 to Skyscraper City. It goes all the way back to the previous decade

 

[cbsmel]

@queerchristian

SkyScraperCity

save you a search https://www.skyscrapercity.com/forums/rate-our-highrises.878/

 

[paraoxymoron]

@queerchristian There aren't threads for these properties there eh.

 

[queerchristian]

@paraoxymoron Here (Maridien) and here (Verve).

 

[paraoxymoron]

@queerchristian Thank you. My bad.

 

[queerchristian]

@paraoxymoron No worries. Should have given you the link to the Metro Manila forum instead for easier searching.

 

[hankjensen]

@paraoxymoron I would say yes, if you can afford, then yeah BGC is a safe place to invest in real estate especially the Ayala Premier or Alveo condos. Those are the ones next to the park right?

 

[tyke]

@paraoxymoron Make sure to get a parking space

 

[michelrives]

@paraoxymoron Depends on what kind of investment you are going to do.

If for flipping I think you won’t get much value because BGC is already peaking its land value.

If for renting then yes it will be a good investment given that is BGC, there is a lot of demand and little supply for residential condos.

 

[tamsyn]

@paraoxymoron Rule of thumb: max rental fee = 1% of acquisition value.

If you are able to get a condo worth 10M, acceptable monthly rental fee is 100k max.

For capital appreciation, consider other developing townships like Parklinks or Arca South. BGC is good though for expat market so there will be fewer vacancy periods.

 

[paulstephen]

@paraoxymoron Hi, If you don’t have an agent yet I can help you. I am a Property Specialist for Ayala Land. I could also try to help you find good deals.

 

[hankjensen]

@paulstephen Ayala Premier the highend or Alveo? That's two diff brand if Im not mistaken. Although same developer catering to diff markets

 

[paulstephen]

@hankjensen I work under the sales channel Ayala Land International Sales so we can sell all brands of Ayala Land: Amaia, Avida, Alveo and Premiere. Cheers!