The Advantages of Condo Living

TACL

Cagayan de Oro, being one of the most competitive cities in the country, has begun to embrace the urbane lifestyle in recent years. In keeping up with the growing market, real estate developers have introduced several high and mid-rise residential and commercial developments, further fuelling the fast growth of the city.

With the series of flooding and other natural calamities that had hit the country in recent years, families who have been traumatized from the experience have sparked a demand for residential developments in well-located areas (i.e., flood-free, located on higher grounds), thus making high-rise living or the so-called condominium lifestyle a much-sought after commodity.

Here are some advantages why you should consider living in a condo:

LIFESTYLE

Free time, who has enough? You can exactly achieve that in a condominium lifestyle. Condominium residents can spend their free time doing the things they love to do, especially in a building that offers common areas like swimming pools and recreation rooms. Most condominiums cater to specific groups such young professionals, families, expats and retirees. Moreover, it ensures you that your neighbors are like-minded individuals who, like yourself, have seen the benefits and convenience of a lock-and-leave condo lifestyle.

AMENITIES

Most condos offer building amenities such as swimming pools, fitness centers, party venues, rooftop terraces and more while you just enjoy there and not getting worried in maintaining it.

At Primavera Residences, the country’s premier eco-friendly development, offers recreation areas such as the green indoor courtyard, swimming pool, gym and a panoramic view of the city from its rooftop – which is, in fact, the highest peak in all of Cagayan de Oro.

CUSTOMIZATION

Owning a condo unit gives you complete control of what to do inside your space. Whether it be your choice of furniture, paint colors, or your decision to renovate the kitchen – all details are entirely up to you!

MAINTENANCE FEES

Condo owners are given freedom from maintenance that you may not have the time, desire, or ability to tackle yourself. Things like hallway cleaning, swimming pool and gym maintenance are all things your monthly association dues cover.

SECURITY

Many condos have stricter security than subdivisions and apartment buildings. In fact, some buildings offer 24/hour concierge service or on site security for the building, on top of secured entrances. This is ideal for those who travel or go on vacations for lengthy periods of time. You have the security in knowing your home is safe in your absence.

When it comes to condo lifestyle in Cagayan de Oro, Primavera Residences is the ideal choice for investors and home buyers. Primavera Residences is more than just your ordinary condominium building. Aside from its sophisticated, Italian-inspired design, it is also the first sustainable development in Cagayan de Oro.

The twin tower ten-storey green building is located in Uptown Cagayan de Oro, a prime spot situated 110 meters above sea level. It boasts of its 290 units for both towers, with all units at Tower 1 ready for occupancy.

You wouldn’t want to miss your chance of owning a condo unit with a nature-inspired design, would you?

For more information about Primavera Residences, please visit www.primaveraresidences.com or you may call (088) 880-5002 or +63 917 794 2221.

XUHS ’74 Conducts Successful Chess Tournament at Primavera

On their ruby anniversary, XUHS batch 1974 started their activities with a Chess tournament at Primavera Residences.

“Chess was a popular sport back in our high school years. It was one of the most sought-after game before, during and after class hours,” Engr. Cesar Causin, Sports Coordinator, said.

Batch '74 Chess enthusiasts.
Batch ’74 Chess enthusiasts.

Annually, Xavier University is active in organizing reunions and this year, it is batch 1974’s turn in forming one.

“40 years of family and friendship, it is our privilege to organize this year’s alumni homecoming this November 29, 2014 at the Limketkai Atrium,” Causin shared.

Back to the years where rhythm and blues are famous, it will be relived as they continue to inspire young generations to treasure friendship they have created within the limits of Xavier University High School.

Day 1 at Primavera

To start their Ruby anniversary celebrations, XUHS bacth 1974 chose to kick off their activity at the multi-purpose hall of Primavera Residences.

Batch '74 getting started with their chess tournament.
Batch ’74 getting started with their chess tournament.

“One of our batch mates who proudly owns a condo unit at Primavera prepared for our chess tournament here,” Causin said.

Located at uptown Cagayan de Oro, Causin shared why they opt to consider Primavera to officially start their different sets of activities for this year’s XUHS Alumni Homecoming. “Most of our batch mates reside here in CdO’s uptown area, we’re glad that Primavera has this function hall that is serene and perfect for this kind of occasion. Aside that it’s accessible to restaurants and taxis, most of our batch mates are businessmen that would want an easier access to banks.”

Primavera Residences is the first multi-awarded green condominium building located in uptown Cagayan de Oro City. It’s a twin tower, 10-storey building which was recently awarded as the Best Mixed-Use Development in the Philippines in the 2014-2015 Asia Pacific Property Awards.

For more information about upcoming community events in Primavera Residences, visit http://primaveraresidences.italpinas.com or http://www.facebook.com/condoprimavera. You may also call 088-880-5002.

6 Eco-friendly Tips for the Christmas Season

The term “eco-friendly” and “going green” have been used over and over for different products, TV shows and practices. Over use of the term could lead to the danger of having its meaning lost. By understanding the true sense of the word and what it means to be eco-friendly, you can implement these practices that will lead to healthier living and a healthier lifestyle.

Primavera Residences, the first multi-awarded eco-friendly property in Mindanao, has been actively sharing basic eco-friendly tips that, for sure, will help us lead a sustainable lifestyle. And since it’s the season for giving gifts, we have compiled below a number of the best eco-friendly tips in which gift wrappers to use, eco-friendly presents to give, to ensure a guilt-free conscience in terms of eco-friendly issues. You might want to consider these tips in giving back to what nature has given us.

Eco-friendly tip #57: Plant a tree with a child

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“Take a walk in the woods, or plant trees which store CO2. Teaching our children to love and care for the planet is the most important thing we can do to ensure the future of human kind.”

Trees are essential to life and are the ground troops in making up an environmental frontline. Consider this the most eco-friendly gift you want to impart your kids as they grow.  Since we couldn’t get away with the apparent typhoons our country is experiencing, it is best to teach our kids how to better the future. Our existing forests and the trees we plant work in tandem to make a better world.

Eco-friendly tip #51: Share your mug

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“If your office provides disposable cups for beverages, eliminate for them by bringing in extra glasses and mugs from home. Post a note in the lunch/break room requesting that your co-workers do the same. Keep the mugs in the lunch room for anyone to use.”

Having your own coffee mug is way better than using the paper or Styrofoam cups. Toting your own could already help the environment by not adding to the styro and plastic piles we have in our landfills. For birthdays and for holidays, share the joy by giving reusable mugs as holiday gifts to your colleagues.

Eco-friendly tip #39: Buy local

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“Consider the amount of pollution created to get your food from the farm to your table. Whenever possible, buy from local farmers or farmers’ market, supporting your local economy and reducing the amount of greenhouse gas created when products are flown or trucked in.”

Since it’s time to buy groceries in bulk, might as well spend it with our local markets. Aside from its affordability, you might have given them the Christmas gift they have always wanted.

Eco-friendly tip #69: Wrap creatively

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“You can reuse gift bags, bows and event paper, but you can also make something unique by using old maps, cloth, magazines or even newspapers. Flip a paper grocery bag inside out and give your child stamps of markers to create their own wrapping paper that’s eco-friendly and extra special to the recipient.”

This is the best time to be conscious about wrapping our gifts. Since most of our gift wrappers end up in landfills, why not make use of your old papers to at least lessen the garbage piles we give our mother nature.

Eco-friendly tip #67 and 48: Consider buying a laptop and recycle old cellphones

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Young generation nowadays found enjoyment in technology and gadgets. In this Christmas season, why not give your old cellphones to your staff or house helpers. They surely will appreciate it.

Planning to give a gift to your children? Why not give them laptops instead of a desktop computers, aside from its convenience, laptops saves 90% energy than desktop computers.

 

Want more eco-friendly tips from Cagayan de Oro’s first and only eco-friendly property? Click here.

For more information, visit www.primaveraresidences.com or www.facebook.com/condoprimavera. You can also call 088-880-5002. 

Cagayan de Oro Developer Hosts 2-day High Impact Seminar-Workshop with Sales Guru

Jun Garing

Do you want to further enhance your skills in selling? Do you want to learn superb selling secrets from a real estate sales expert?

This coming November 28 to 29, 8:30AM-5:30PM, Primavera Residences invites you to a 2-day High Impact Seminar and Workshop by the renowned master of real estate sales training, Mr. Jun Garing.

Jun Garing, an author, sales trainer and motivator, has trained over 90,000 salespeople from 800 top corporations for the past 24 years. He has been recognized as one of the Outstanding Salesmen in 1976 and 1977. He is also a recipient of numerous awards and citations from various sales and marketing associations in the Philippines and nearby Asian regions.

He authored the book, The Filipino Art of Breakthrough Selling which talked about the successes of Filipinos in terms of selling and marketing. He is also the founder and President of Salesman’s Centre, an institute of training and entrepreneurial development. Currently, he handles sales and training consultancy to business sectors especially in real estate, and manages several entrepreneurial firms.

Jun Garing is THE Jun Garing. This is the perfect time to learn from the master. Since condominium development is new to our ears, this once in a lifetime opportunity will not just equip you on how to sell but most importantly train you on how to become the best salesman,” Gladys Magadan-Echano, VP for Sales, shared.

Master the Art of Selling Condominium

For only P995 as seminar fee (inclusive of workbook, snacks and certificate of completion), you can be a world-class condominium sales specialist and learn the following topics:

  • How to tap the global market
  • Lifestyle selling for the Lock and Leave mobile society
  • Investment selling
  • Buyer-based selling for a discriminating market
  • What distinguishes a great sales person from the average and good sellers

“I invite everyone to grab this chance to learn from the expert. It has been said that the difference between a successful person and others is not a lack of strength and knowledge, but rather a lack of will,” Echano said.

Primavera Residences, the first development of Italpinas Euroasian Design and Eco-development Corporation (ITPI) in Cagayan de Oro City, is a 10-storey, two-tower building located at Pueblo de Oro Township offering residential, commercial and office spaces for lease and purchase. All units in the first tower are ready for occupancy while the second tower is slated to be turned over first quarter of 2015.

Buyers and renters may choose from studio, one-bedroom and two-bedroom units. Until December 31, 2014, buyers can avail of its early Christmas promo for the FREE modular kitchen cabinet and installation worth up to 100,000 in savings.

For more information on Primavera Residences, visit its website at www.primaveraresidences.com  or call (088) 880-5002 or 0917-794-2221.

Join the #ManoPoInay Guessing Game Contest and Win Special Prizes!

Mano PoPhoto source: junimpas.com

Since November is Filipino Values Month, we seek to promote greater consciousness of the values that are uniquely and positively Filipino.

Values are the roots of traditions that Filipinos find important in their day-to-day events. They are instilled early in life, are deeply rooted, and are resistant to change. They are developed from people’s direct experiences with others who are important to them, such as parents, teachers, friends, and classmates.

As Primavera Residences celebrates the month of Filipino values, we want to engage to the public how well you know the core values that we, as Filipinos, are proud of.

#ManoPoInay: Isa Akong Mabuting Filipino

Starting this Tuesday, November 18, we will be posting a photo that indicates one unique Filipino value.

Contest Mechanics:

  1. On the following dates: November 18 and 25 (Tuesday) and November 20 and 27 (Thursday) at 10AM of this month, a photo will be posted on our Facebook page, Primavera Residences. The photo will depict a known Filipino value.
  2. To join the contest, all you need to do is post your answers in the comment box.
  3. Every Wednesday and Friday at 5PM, we will close the contest for the week.
    *The photo will be hidden from the page timeline.
  4. Winners will be drawn every Friday among contestants who gave the correct answers.
  5. For each photo, 3 winners will be announced on Saturday November 22 and 29 . Prizes will be announced soon.

 

Join now and be proud that you are a Filipino.

Primavera Residences is a twin-tower 10-storey eco-friendly building located at uptown Cagayan de Oro. It recently won as the Best Mixed-Use Development for the Philippines in the Asia Pacific Property Awards.

For more information, visit www.primaveraresidences.com or call 088-880-5002.

Primavera Residences Offers Early Christmas Promo

Early Christmas Promo

Looking for an investment at the most reasonable deals? Due to the high public demand from the buyers, Primavera Residences extends its promo, the FREE Kitchen Modular Cabinet and installation worth up to P100,000, as an early Christmas gift for its clients until December 31, 2014.

“Due to the promo’s resounding success, and in line with our company’s thrust to offer the best possible package to our clientele, we decided to continue this once-in a-lifetime deal. Thus, as an early Christmas gift, we give more reasons for more people to finally purchase their own unit in the first multi-awarded, eco-friendly condo building in Mindanao and in Cagayan de Oro, which is Primavera Green Residences,” Franz Josef Enriquez, Sales Manager of Primavera Residences, said.

In a regular package, buyers usually get unfurnished units with inclusions of tile floorings, painted walls and ceilings, fitted kitchen sinks, bathroom fixtures, electrical wirings and outlets; however, Primavera Residences’ Christmas promo gives buyers a chance to earn savings of up to P100K inclusive of a FREE set of Kitchen Modular Cabinet and its installation.

“When buying a home or a property, one of the most important parts to consider is the space where we will prepare our food for our family to eat. Primavera understands this need and has significantly made it very simple and affordable for our customers to renovate the interior prior their moving in. This I believe is the real value-for-money offer that can’t be beat,” Enriquez expressed.

Primavera Residences is known for its energy-saving features including cantilevers that protect the units from direct sunlight and an indoor courtyard that maximizes the natural ventilation in the area. By June of 2015, solar panels that will provide additional energy for the building’s common areas will be installed on the building’s rooftop. The building is also designed to withstand earthquakes and extreme weather and boasts of 24-7 security.

The green building has garnered several recognitions for its commitment to green architecture and design locally and internationally. Recently, it was named among the winners in the prestigious International Property Awards in the 2014 Asia Pacific regional competition being the Best Mixed-Use Development in the Philippines. It was also been awarded as the Best Condo Development in the Philippines in 2011 (Southeast Asia Property Awards) and a finalist in the Most Promising Clean Energy Investment Opportunity of the Year (CTI PFAN Philippines Clean Energy Investor Forum).

“Apart from the fact that we already have a few units left, we are the only one here in the CDO real estate industry, offering a promo of this magnitude. Which is on top of our very competitive prices. Indeed, we sell something eco-friendly that we want to add more value to the buyers’ purchase; that they [buyers] will not just earn big time, they also help the environment in a bigger note” Enriquez declared.

Primavera Residences, first development of Italpinas Euroasian Design and Eco-development Corporation (ITPI), is a 10-story, two-tower building located at Pueblo de Oro Township offering residential, commercial and office spaces for lease and purchase. All units in the first tower are ready for occupancy while the second tower is slated to be completed later this year. Buyers may choose from studio, one-bedroom and two-bedroom units.

For more information on Primavera Residences, visit its website at www.primaveraresidences.com  or call (088) 880-5002 or 0917-794-2221.

Water Conservation 101: 10 Simple Ways to Conserve Water

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Due to the increasingly intense heat brought about by climate change, most of us Filipinos tend to consume tons of water supply to overcome the unpleasant heat and humidity. This might help in the short term but excessive use of water can also contribute to environmental degradation.

We enjoy a year of abundant rain and full reservoirs, and it is easy to think that our water supply is endless, yet we couldn’t afford to be complacent in whatever might come next.

The United Nations (UN) expects 3.4 billion people to be living in countries defined as water-scarce by 2025. When water is scarce, people are forced to consume contaminated water. But prevention is always better than cure, so we might as well do our very best in helping avoid this scenario. Remember, every little act counts.

The National Water Resources Board (NWRB) of the Department of Environment and Natural Resources (DENR) offers these water conservation tips:

  1. Turn the faucet off firmly to prevent leakage. Installing low volume/high pressure (LV/HP) nozzles or flow constrictors reduces water usage by up to 50%.
  2. Use water dipper and pail instead of the shower while taking a bath.
  3. Instead of running water, use a glass of water when brushing your teeth.
  4. Buy new, water efficient toilet bowls that consume only 2.6-4 liters of water for every flush. Old models use up to 14 liters of water per flush.
  5. Discard leftover food before washing the dishes. As much as possible, use a basin to save water as well as the dishwashing soap.
  6. Wash all your clothes at once. Don’t allow the water in your wash basin to overflow.
  7. Reuse water from your laundry to flush your toilet or to clean your car.
  8. Instead of a water hose, use only a water pail and a towel to clean your car.
  9. Water your plants only before sunrise or after sunset to prevent water loss due to vaporization.
  10. Switch off the water valve in buildings and homes that are not operational at night. Turn off the gate valve in the evening and turn it on again the following morning.

With the environmental changes that we are experiencing now, our energy-saving acts should hopefully become habits of conservation.

For any concerns about your water supply and related matters, call Cagayan de Oro Water District Hotlines at (08822) 72-8359, (088) 856-4509. If you’re near in their Macasandig and Bugo offices, you can contact them thru (088) 857-2469 and (088) 855-3994.

Love Energy Saving Tips for Kagay-anons? Click here for more eco-friendly tips from Primavera Residences, the multi-awarded eco-friendly property in uptown Cagayan de Oro.

 

Nightlife in Cagayan de Oro

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Photo by: Gibby Lapinid of Cebu City

 

Put on your best #OOTN (Outfit of the Night) and dancing shoes, and go crazy in Cagayan de Oro’s nightlife. The city offers anything from jazz bars, trendy venues and hip clubs. And the best part: most places stay open ’til the sun comes up!

The city has been known for its eco-tourism spots and rising economy, however, some people might not know of the city’s growing number of venues for a bustling night life. Whether you’re into chill-out music, lots of dancing, coffee, cocktails or wine, Cagayan de Oro has all the fun you are looking for.

Music

Kagay-anons, like the rest of the Filipinos, are huge music enthusiasts. Frequenting karaoke places, acoustic bars, and even spur-of-the-moment sing-along with friends on the streets, that’s just how we are—music runs in our veins.

To date, there are more than 20 KTV bars in Cagayan de Oro that cater to the singing talents of every Kagay-anon. Concert kings and queens? You can find them scattered in different KTVs all throughout the metro!

Some of the famous spots are in the areas of Divisoria, Corrales and The Lifestyle District, namely, Willsbar Music and Video, VSuites, Chills Music and Video Family KTV Bar, Gabs Family KTV Bar, LED KTV Bar, Microphone Hero and Wat Ever Family KTV Bar, to mention some.

 

Microphone Hero at The Lifestyle District
Microphone Hero at The Lifestyle District

 

Willsbar Music and Video in Divisoria
Willsbar Music and Video in Divisoria

Bars and Clubs

Cagayan de Oro’s rising economy has brought the city’s bar scene to new heights. For tourists and locals alike, it is inevitable to go out during weekends to grab a drink, have a chitchat and de-stress, but expect a huge crowd during weekends. Kagay-anons love to take a break during weekends, so if you want to sample the the city’s nightlife, make sure to come in your best attire and prepare to see and be seen!

Here are some of the popular bars to get wild and have a whopping good time:

For house music fanatics, you might feel at home at Pulse Live Music Venue and The Beat. Both may be found in Divisoria. The newly launched CDO Bar at the Paseo del Rio strip and Illest at The Lifestyle District has been hyping up the city’s night crowd during weekends, too.

Pulse
Pulse Live along Divisoria
CdO bar
The newly-launched CDO Bar at the Paseo del Rio strip. (c) Louie Yee Photography
Illest
Illest at The Lifestyle District

Chill-out places

If you want to avoid the noise and opt to just chill out and have a good conversation with your friends or a date, the city offers several coffee, wine, and cocktail places that are guaranteed to suit your taste.

The Lifestyle District along Corrales Street, Rosario Arcade in Limketkai Center and bistros along J.R. Borja Extension offer the best hangout places to spend a cozy evening in.

To mention some, go visit The Wine Cellar along J.R. Borja Extension, Junno’s Deli Café at The Lifestyle District, Blue Duck Bar at Mallberry Suites and Burrow Bar and Brew along Capistrano Street.

If you’re a coffee and tea lover, you can enjoy the soothing warmth at Starbucks, Coffeeworks, Coffee Bean and Tea Leaf Limketkai, and Sweetleaf Bubble Tea.

The Wine Cellar along J.R. Borja Extension
The Wine Cellar along J.R. Borja Extension
Burrow
Burrow Bar and Brew along Capistrano St.

 

Planning to visit Cagayan de Oro soon? Primavera Residences offers condo units available for short-term and long-term rent or for purchase. It is located at the Pueblo de Oro Township, Upper Carmen beside SM Cagayan de Oro City.

Catch more stories to tell from Primavera Residences by following our official Facebook account: www.facebook.com/condoprimavera or visit www.primaveraresidences.com.

Reminder:

You have to be 18 years old to be served alcohol at clubs and bars, and the minimum admission age differs from 18-21 years in most clubs. These requirements vary depending on the club or bar you are going to – and also the day of the week.

Why You Should Consider Investing in Real Estate

 

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Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. 

—Franklin D. Roosevelt

What does the future hold for the real estate market in the Philippines? Is it still valuable to invest in real estate despite all the projects that have been booming everywhere in the recent years?

Not all investments are created equal. It means money, effort and time. Before getting ready to pursue an investment, financial gurus as well as plain old common sense would advise you to think through and analyze your investment strategies.

Real estate is something that you can physically touch and feel – since it’s tangible, many investors consider it a low-risk investment that allows you a greater degree of control over your money.

Normally, a down payment of up to 20% of the purchase price can be made, and the rest can be financed by banks. This gives you leverage to invest more in different types of properties with less money down, helping to build your net worth or income that you could make off the properties.

So, why should you invest in real estate? Here are the most notable advantages:

  1. It is income generating

If you’re investing in any real estate development such as a condominium or an apartment, make sure there is no oversupply of the same type of property in the area. Invest in a right property that has high demand, but is scarce and hard to find in the area.

If you pick the right property, you can surely enjoy the probability of a monthly rental income. Owning an investment property won’t take much of your time after you’ve set it up. The key is to find people who can help you monetize your investment.

In this case, Primavera Residences, an eco-friendly condominium in Cagayan de Oro, is an example of an investment that is new to the city. Being the first condominium that is ready for occupancy, you can surely generate income in no time, allowing for faster ROI.

The building also has its own professional in-house asset management team that manages the units for short and long term rental through the innovative ‘Serviced Apartments’ concept, the first of its kind in Cagayan de Oro. This ensures you a hassle-free, one-stop solution in overseeing your income generating asset. Quarterly reports will be provided to update you of the performance of your investment, allowing you to be on top of things while keeping headaches at bay.

  1. Keeping your day job

You can’t do ten day-jobs, but you can surely own and manage at least ten properties by yourself.

To guarantee a rental income, your creativity can increase the value of your property, may it be in renovating your interior and exterior or furnishing your unit/property. For such renovations, at Primavera Residences, buyers get unfurnished units with inclusions of tile floorings, painted walls and ceilings, fitted kitchen sinks, bathroom fixtures, electrical wirings and outlets and you can be inventive by how you design your unit to attract clients coming in.

You’ll make a substantial profit when the increase in value (perceived or otherwise) is greater than your acquisition cost and what you spent for the improvement. The key is to be diligent enough to look for a bargain. Remember that the profit is made when you buy, not just when you sell.

After everything is done, you will have just to sit, relax or continue on your day job and just receive a monthly income.

  1. Most real estate properties will appreciate in value.

“Most” because there are properties that are slow to appreciate and don’t appreciate in value at all.

The key is location, location, and location. 

Buy a property where the major developments are ongoing, or where it’s headed. Better yet, invest on properties near malls, schools, offices, churches, or new roads built. This translates to faster growth, value appreciation, and  higher demand to prospect investors.

Sustainable developer ITPI for example, has invested in alternative locations where nature and the environment has been thoroughly preserved and optimized. Primavera Residences, located in a master planned community in uptown Cagayan de Oro, was built in 2009 and has been successful in attracting buyers and investors who believe that uptown CDO is an ongoing success story in the real estate market.

  1. Your property is illiquid.

Unlike most investments, real estate couldn’t be immediately translated into cash, preventing irresponsible use of money or overspending.

If you’re in need of cash, however, your property can be used as a collateral in the bank or you can use it as a security to apply for a loan.

  1. Better returns

For many decades, this investment has produced constant wealth and long term appreciation for millions of people. If you consider inflation, in the long run, if you decide to sell your property, there’ll be a higher chance to get better returns as compared to just keeping your money in the bank. Real estate has had an average return of 8.6-10% over the past 20 years, since we have gone through 3% inflation over the years and this partly accounts for the high return on the investment.

Much, much better if you pass it on as a legacy to your children and your future children’s children.

 

Looking for a property to invest in? Visit www.primaveraresidences.com or call 088-880-5002. 

 

5 Reasons to Invest in a Condominium Unit

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One of the most common investment questions nowadays: is purchasing condominium units truly a wise investment?

The Philippines is definitely enjoying a major surge in real estate growth with developments currently being built and those still lining up. The rise in the number of residential buildings makes it more attractive to people who have their eyes set on property ownership or investment.

As a booming metropolis, Cagayan de Oro continues to support the increasing investment opportunities coming in that led us to be on the 2nd spot of being the Most Competitive City in the Philippines for 2014. One of the sought-after developments in the city are the number of condominium buildings.

For the savvy investor, a good investment is one that yields the highest return on investment (ROI). But are condominium units considered a sound investment?

Here are some reasons why you should consider purchasing a condominium unit:

  1. Condominium buildings are mostly situated in prime locations (in between hospitals, malls, restaurants, etc.). This results to a premium resell price or monthly rental. Take for example Primavera Residences. Residents who opt to rent out their units can enjoy up to 8% rental return per annum.
  2. Developers such as ITPI Corp. can help you go through the process of renting out your unit through an in-house Asset Management Program. This ensures a convenient and hassle-free handling of your units for rent and assures you that your unit is secured, occupied and of course, enjoying good earnings.
  3. One of the biggest perks of condominium ownership is that the individual owners enjoy the support of the condominium association and the developer in the maintenance of the building, common areas, and facilities.
  4. In a research by a property listing site lamudi.com.ph, it shows that 69% of Filipinos prefer to rent than to buy. Therefore, properties for rent have bigger chances of being booked for long term rentals, assuring a steady stream  of income for the property owner.
  5. Condos offer amenities like pools, gyms, gardens, and so on. As for Primavera Residences, you can have your parties at its Multi-pupose Hall, relax at its overlooking swimming pool, be fit and healthy at its indoor gym, and be at par with nature in its indoor courtyard. These are major bonuses for renting or reselling.

Reselling or renting out a condo unit is a good investment opportunity to increase your monthly income. Since there is a noted boost in housing demand and a rise in Philippine tourism, the outlook for property investments is looking better than ever. It has also been observed that tourists consider condos as better alternatives to hotels due to affordability, a more homey ambiance, and additional kitchen amenities.

Developed by Italpinas Euroasian Design and Eco-Development Corporation, Primavera Residences is the first eco-friendly condo property in Northern Mindanao. It has two 10-story towers with commercial and residential units that are ready for occupancy. It was recognized the Best Mixed-Use Development in the Philippines by the International Property Awards at the recent Asia Pacific Property Summit in Kuala Lumpur.

For inquiries on how to rent or invest, call 09177942221, 09173213321 or (088) 880-8002; or visit www.primaveraresidences.com.