Things to Consider in Buying Your First Property

Posted by Stefan on December 10, 2014

Let’s admit the fact that buying your first home is more than a little overwhelming, in fact, it is one of the most difficult decisions you have to make. Your dream home is your asset,but it is also a major responsibility. To help you on your dilemma, we have put together a buyer’s guide to ease the process.

As you prepare to buy your first home, allow us to explain some factors you are likely to come across.

First and foremost, even before you deal with accredited real estate agents, you will need to work out your budget, which means spending some time studying your finances. Once that is all ironed out and you have an idea of how much you are willing to spend, we can begin weighing in on what to consider in buying a property.

1. Location

A top priority in buying a property is finding the right location. Whether you are purchasing your home as an investment, a lifestyle upgrade or both, one of the most important decisions you will make is where you want to live. Your home’s location will help determine not only the future value of your investment (if you’re planning to sell in the future), but also many aspects of your everyday life. Here are some factors you should also consider carefully when selecting a location according to Amy Fontinelle in Buying a Home: Choose Your Location.

Security

Safety is a top concern. You’ll often pay less to live in an area with higher crime rate, but if you’ll have to live in fear or if you one day become a victim, no price discount will be worth it. It may also be harder to resell your home or get a good price for it if you decide to sell.

Work proximity

The length of your daily commute can have a significant impact on your disposable income, quality of life and how much time you get to spend at home with your family. How long of a commute can you endure? Are you planning to stay at your current job long-term or do you expect to switch jobs in the near future? If you plan to stay at your current job, how close to work do you want to live? If you plan to switch jobs, what are the job prospects in or near the area where you’d like to live?

City vs. Suburb vs. Rural

The setting you choose within the city or town you select will affect the amount of peace and quiet you have, lot size (if you’re buying a house), primary and secondary education options for your children, proximity to shopping, entertainment, medical services and anything else you might want or need, and more.

2. Developer’s Track Record

Before buying your first home, it’s important to research the building’s developer and have a good understanding of their past projects. Work with real estate professionals to find out if the building is sound or not. When you add your findings of the building’s structural integrity to the developer’s track record, you will know if the building is a quality product or not. Do they hand over house keys on schedule? What are the qualities of the units or houses they have sold so far? To find out about a particular developer’s track record, consult the Internet or ask for an opinion from a property consultant.

3 . Management

In buying a property, make sure there is a property management body that would help you go through the proper process in assisting you about your property plans.

Consider safety, maintenance, proper billing process, it is best to say that when buying your first property, there should be that feeling of security that your home and your family is in safe hands.

Property management is the operation, control, and oversight of real estate as used in its most broad terms.

You should also consider a property management body that will take better care of your property. A management body that has been in business for a number of years will have seen it all and will be able to confidently handle any problems that arise with your property quickly and efficiently.

Primavera Residences is the perfect example of what you totally need in buying your first property. May it be an investment or a home, rest assured that all of these considerations are prioritized.

Primavera Residences, a multi-awarded sustainable development, is located in uptown Cagayan de Oro, basically in the prime spot of Pueblo de Oro Business Park.

The developer, Italpinas Euroasian Design and Eco-development Corporation, is an Italian-Filipino property developer known for its advocacy for, and practice of, sustainable architecture and development which is known of their multi-disciplinary approach (power and real estate) as well as their professional and cultural connections.

Click here to know more about Primavera Residences.

Share your Christmas Stories with Primavera and Win a FREE Overnight Stay

Posted by Stefan on December 9, 2014

For many families, Christmas has always been the season of spreading good cheer, quality family time, showing love and compassion to one another and of family bonding. The only time of the year when everybody, from your granny to your great uncle Jim, comes together to eat, drink and be merry.

Surprisingly, there are people nowadays that do not spend Christmas with their families.

This is indeed a sad reflection of our times. But more than this, it is a wake-up call for all of us who have been blessed with a good family and great kids, but are too busy with our professional lives to spend time with them.

This December, as we celebrate the Christmas season, Primavera Residences invites you to come and join us as we give tribute to the people we want to be with on Christmas day.

Starting on Wednesday, December 10 to December 26, we invite you to take a picture with the person you want to be with on Christmas day and write a story why your Christmas is not complete without him/her.

Contest Mechanics:

On the following dates: Starting December 10 and 26, we invite you take a picture with the person and start your story with “It wouldn’t be Christmas without…”
The story must be in 5-10 sentences only.
You can send your entries through a Facebook message at our page:
- Facebook page: facebook.com/CondoPrimavera
All qualified participants are given the chance to share their photos and garner likes.
Winners will be determined through the highest number of likes.
All photo sharing and garnering of likes will be up to December 26, 2014, 12mn only.

There will be one lucky winner who will get a FREE OVERNIGHT STAY at a 1BR unit at Primavera Residences to complete your birthday wish to be with someone you love in the multi-awarded condominium in Cagayan de Oro.

—

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 Conducts Clean Up Drive for National Volunteer Month

Posted by Stefan on December 8, 2014

The culture of volunteerism is a proud legacy of the Filipinos as citizens and as a nation. Service is our way of life, as the practice of ‘bayanihan’ or mutual cooperation has long been instilled in our consciousness. It has played an important role in helping the nation with the recent crises and disasters. Undoubtedly, volunteers have enabled the country to rise above challenges and move forward.

Volunteerism has become instrumental in improving the lives of the deprived and underprivileged. Thankfully, there are volunteers who willingly devote their time and effort to others and serve as essential partners of the nation in the quest of social change.

The National Volunteer Month (NVM) is celebrated every December to pay tribute to the commitment and dedication of volunteers, regardless of class, age, gender, expertise, and interest, who are united by a common goal of achieving equality, peace, and development.

Through NVM, the country recognizes the volunteers’ significance in nation-building. It honors the heroes who work without regard for material reward and find fulfillment in witnessing the change in the lives of people and communities they have touched.

Volunteering for the Environment

This year’s theme puts emphasis in the environment and highlights the volunteers who have poured efforts in taking care of nature in support of the Millennium Development Goals (MDG) on environmental sustainability.

In celebration of this year’s National Volunteer Month, everyone is urged to be part of the campaign to protect, preserve, and sustain the environment through participating in national and local policy development and promotion, and supporting environmental campaigns.

“In line with National Volunteer Month and also to support our advocacy being the premier environment-friendly building in Cagayan de Oro, this coming December 13, Saturday, 7 o’clock in the morning, Italpinas Euroasian Design and Eco-development Corp (ITPI) personnel together with Primavera Residences unit owners and tenants are enjoined to participate in a clean-up drive of Trade Street and surrounding areas within the Pueblo de Oro Business Park,” Jane Montebon-Duterte, PR & Marketing Manager, shared.

“I am a volunteer for the environment”

This coming Saturday, December 13, Primavera Residences invites you to take part in promoting a clean and green community.

“We are continuously experiencing typhoons that are directly resulting from climate change and environmental degradation. The only way to protect the environment and move forward is to get everyone involved. Who are we to neglect and abandon the environment? We owe our lives to nature, who are we not to give back?” Cesar Stefan Rago, PR & Marketing Coordinator, said.

Primavera Residences, which garnered several local and international recognitions for its commitment to green architecture and design, is known for its passive energy-saving features such as cantilevers that protect the units from direct sunlight and an indoor courtyard that maximizes the natural ventilation in the area. The building is also designed to withstand earthquakes and extreme weather conditions.

“As a sustainable developer, Italpinas invites everyone to come and take part as we celebrate National Volunteer Month. Stand up and make a positive impact to our environment. Together, we can be catalysts for a better community. With commitment, we can make a difference.” Rago said.

Sustainable developer ITPI, 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 effectively on the lead in promoting green advocacies in Cagayan de Oro.

Primavera Holds Christmas Art Exhibit with Renowned Cagayan de Oro Artists

Posted by Stefan on December 5, 2014

Christmas is a season for merriment, feasts and giving. This December 9 to 27, 2014, Primavera offers the gift of art with an exhibit entitled “Season’s Paintings at Primavera.” Viewers will be treated to a feast for the eyes that also warms the heart and nourishes the soul.

The collection of small to medium sized works range from representational to nonrepresentational and rendered in styles from abstract cubism and expressionism to surrealism and realism. The artists use a variety of materials from the traditional, such as oil and acrylic, to wood and mixed media.

“Season’s Paintings at Primavera” features the following Cagayanon artists and other artists from other cities of Mindanao who have made Cagayan de Oro their home: Nick Aca, Renz Altubar, Archie Balcos, Richard Bolotaolo, Romy Cocos, Nonoy Estarte, Chris Gomez, Ivan Macarambon and Nonilo Ramoso.

To spread the Christmas cheer, two guests artists from other cities were invited: Esercazim Sanchez from Zamboanga City and Audie Estrellada from the island of Siquijor.

The exhibition is at the 2nd Floor, Primavera Residences Tower A, Pueblo Business Park, Upper Carmen, Cagayan de Oro.

Primavera Residences has previously featured the artworks of Mr. Nick Aca in a month-long exhibit on March this year. As an advocate of authentic Italian elegance and world-class design, Primavera seeks to promote local art through events that promote and showcase the works of Kagay-anon artists.

“Seasons’ Paintings at Primavera” will officially open on December 9, 2014 at 5 PM. The event is open to the public. For reservations and inquiries, visit facebook.com/condoprimavera or call 088-880-5002.

Italpinas Chairman Cited Among BizNews Asia’s Top 24 CEO in PH

Posted by Stefan on December 4, 2014

BizNews Asia, the country’s largest weekly business and news magazine, celebrates its 13^th anniversary by honoring 24 of the Philippines’ leading CEOs and business tycoons at InterContinental Manila last November 25, 2014.

Also previously listed to be one of the Most Influential People in the Philippines by BizNews Asia, Italpinas Chairman, Dr. Jose “Joey” P. Leviste, Jr, is now cited as one of the 24 leading CEOs in the country.

Management Excellence Awardees

Together with Bangko Sentral Governor Amando M. Tetangco, Jr, SM Prime Holdings President and CEO Hans Sy, and Metrobank Chairman Arthur Ty, OceanaGold Philippines and Italpinas Euroasian Design and Eco-development Corp (ITPI) Non-executive Chair Jose “Joey” P. Leviste, Jr. are this year’s Management Excellence Awardees.

“I am very grateful that BizNews Asia selected me as one of the Management Excellence Awardees this year. It’s certainly a distinguished group of honorees that I was fortunate enough to be part of,” Leviste said. “On my part, I am happy that I was given this recognition, not so much for myself, but for the people I work with in companies such as OceanaGold Philippines, Constellation Energy and Italpinas; for the good work they have done in the area of sustainable mining, renewable energy, and green buildings.”

Dr. Jose P. Leviste Jr., together with ITPI CEO and Arch. Romolo V. Nati and ITPI President Atty. Jojo Leviste III, share the same vision and passion in promoting sustainable developments in the Philippines. He is a seasoned Filipino renewable energy entrepreneur, being the Chairman of OceanaGold Philippines, a sustainable mining corporation and Constellation Energy Corporation, a renewable energy company. He is also the Chairman-CEO of Enactus Philippines, an international non-profit organization that brings together business leaders and universities to promote business projects that create positive impact to their communities, and also chairs PRIMEX, the biggest Filipino consultancy firm of ADB.

Dr. Leviste graduated in Economics from the Ateneo de Manila University with an MBA degree from Columbia University and an MA Economics degree from Fordham University in the United States. He was granted a Doctorate in Humanities, Honoris Causa from the Nueva Vizcaya State University for his work in social, civic and community work as Chairman of OceanaGold Philippines.

Multi-awarded sustainable developer

“Apart from being associated with different corporations, I am proud to chair Italpinas because of the good work it has done in the real estate sector. It is a unique product catering to a new market. Italpinas is a prime mover in one of the most promising cities in the Philippines, which has become the center of academic institutions and a center of good governance,” Leviste shared.

Italpinas Euroasian Design and Eco-development Corporation (ITPI) is a specialized real estate developer that practices ecologically sound and state-of-the-art design paired with the use of renewable energy technologies. ITPI’s premier project in Cagayan de Oro – Primavera Residences, a green, mixed-use development – was built to serve the city’s increasing demand for affordable housing with sustainability in mind. It was awarded this year as the Best Mixed-Use Development in the Philippines by the Asia Pacific Property Awards.

A Culture of Excellence

“We have to develop a culture of meritocracy. Not only in our companies, but in this country. We have to develop a culture of integrity and high performance, and we have to develop a culture of excellence because it does not matter whether the company is big or small but it matters if you trust the culture of meritocracy and excellence,” Leviste declared.

He added, “Italpinas is certainly not one of the largest companies in the real estate field in this country but I’m proud to be associated with it because of the professionalism that its management exhibits and the Italian creativity of its people. I am also proud that it has selected Cagayan de Oro as its first city to create a positive impact to the environment.”

5 Ways Young Filipinos Will Shape the Real Estate Industry

Posted by Jane on December 2, 2014

For many years, Filipino millennials—individuals aged between 20 and 34 years—have been under the radar of many brands and marketers. They are even considered a hard sell—well informed yet seen as having little spending power. They have been labeled tech-savvy yet narcissistic, liberal yet lazy, and many are even seen as perpetually holed up in their parents’ homes, saving on rent and unwilling to move out.

However, the days when millennials are perceived as such are quickly coming to an end. Recent research is showing that millennials will soon comprise a demographic that will shape the Philippines’ economic future, and that of its real estate industry.

With this new interest for millennial home-buyers, leading property platform Lamudi Philippines lists five ways millennials will shape the Philippines’ real estate sector and how the industry can effectively tap into them.

Their Number and Spending Power is Growing

Data from the National Statistics Office (NSO) show that Filipino millennials now number approximately 27 million, more than a quarter of the country’s total population and more than 50 percent of its workers, making them a key demographic with a potentially high spending power.

In fact, having a sizable disposable income places millennials in a good position to purchase the latest gadgets. Global marketing firm Publicis Manila dubbed this spending behavior “I want ergo I need.”

Despite their limited employment experience and training, Filipino millennial employees tend to be favored over their older counterparts because of their lower demands and flexible working habits, according to Publicis. This increases the sheer number of employed young people in the Philippines.

They are Tech-Savvy

Filipino millennials also now comprise more than 70 percent of Internet users in the Philippines, according to estimates from comScore. Their income also allows them to subscribe to the best Internet connections, making them the prime customers of e-commerce sites that peddle everything from shoes and airline tickets to housing loans and insurance.

People in This Age Bracket are Now Getting Married

Although the National Statistical Coordination Board (NSCB) has noted that the number of Filipino couples getting married declined by 1.5 percent between 2001 and 2010, a great number of marriages still take place in the Philippines—476,408 registered in 2011. The average ages of brides and grooms are also increasing: 26.1 and 29.1, respectively, in 2010.

But a more intriguing statistic is how Filipino couples are opting to tie the knot. According to the NSCB, almost 44 percent of couples are choosing civil wedding rites compared to 35 percent who are opting church weddings. The latter is almost always costly, which suggests that young Filipinos’ spending patterns and priorities are shifting.

Filipino Millennials are not Burdened by Student Debt

Although average income in the Philippines is lower compared to the developed world, recent college graduates entering the workforce are not burdened by student-loan debts. This is thanks to Filipino parents’ strong emphasis on the value of education. While the Philippine government does not provide free tertiary education (save for a few state universities), parents fully shoulder their children’s college education. This allows Filipino millennials to start working virtually debt-free, increasing their spending power and savings rate.

Filipino Millennials are Happy

Perhaps the most important trait of Filipino millennials is their positive outlook. A 2013 study conducted by media giant Viacom places Filipino millennials’ happiness level at 83 percent, the highest in all countries surveyed. They also tend to always look at the bright side—although half of them see job security as a challenge, almost 80 percent of them would take a minimum-wage job rather than not to have any job at all.

In order to cope, Filipino millennials thrive on interpersonal contact with family and friends as a driving force to their stress-free lives, according to the study.

Article source: Lamudi PR

All photos courtesy of XU MRKMN 61 students

Lamudi is the Philippines’ fastest-growing online property portal and is currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with more than 500,000 real estate listings across its global network. Primavera Residences, the first multi-awarded eco-friendly property in Cagayan de Oro, is one of the properties presently listed in Lamudi.

To know more about Primavera Residences, visit www.primaveraresidences.com or visit the listings on Lamudi.com.ph here.

Reduce, Reuse and Recycle: Easy Tips and Ideas

Posted by Stefan on November 19, 2014

We are all responsible about the change in climate nowadays. The moment when we produce waste every hour of every day make us wonder that out of billions of people in this world, how do we communicate for better solutions? But the bigger question is, are we making a difference in renewing our ways to make the world a better place to live in?

Based on the study made by numbeo.com (last updated in October, 2014), the pollution in the Philippines has reached a high percentage of 72.30% on its Pollution Index, a simple and generalized way to describe the quality of pollution data.

Also, according to the data given, air and water pollution has reached a high rating with 63.41% and 71.65% respectively.

Living in a drastically polluted environment would reflect to how we, as Filipinos, are stagnant in changing our lifestyle.

In our own little ways, we can be catalysts in creating a better world. Here’s how:

Reduce, reuse, recycle (3Rs)

Recycling is the system of collecting, sorting and reprocessing old materials into usable raw materials. Reduce, reuse and recycle are three ways to take action against household wastes.

You can reduce the amount of trash you throw out when you become mindful of the reusable things (papers, bags and containers) inside your home and might as well buy reusable products. In this way, you can recycle anything that is eco-friendly, and compost food scraps and yard trimmings.

So What Can You Reduce, Reuse and Recycle?

Paper (magazines, newspaper, phone books, cardboard)

Since it’s almost the season of giving gifts, why not give eco-friendly gifts by creating papier-mâché items and even wrap it with magazines or newspapers?

Newspaper-wrapped present from Google Images.

Paper-machéd pink bear from Google Images.

Glass (bottles, jars) & Plastic (milk jugs, soda bottles, detergent containers)

Glass is one of the few materials that can be recycled infinitely without losing strength, purity or quality. Upcycling is a term used to describe taking useless products and creating new products of better quality and/or higher value. There are many ways how to upcycle unused bottles and jars. You can view Design Rulz for examples on how to creatively reuse unused plastic/glass bottles and jars.

Plastic soda bottles used as an alternative to pots for plants from Google Images.

Other examples in upcycling plastic bottles from Google Images.

Aluminum (beverage containers).

Aluminum cans are among the materials most often collected for recycling and one of the easiest to process. Aluminum also has high value in the recycling industry for its sustainability. Recycled aluminum also gets new life as a component in a variety of products that you use every day, from cookware to computers and automobiles. For beverage containers, if you recycle them, this is what they become.

Aluminum candle holder from Google Images.

Aluminum cans as centerpieces from Google Images.

Remember to rinse cans and bottles before recycling them!

Planning to travel to Cagayan de Oro? Check in into the only eco-friendly serviced residences in Mindanao for your short-term and long-term accommodation requirements.

Primavera Residences, the first and only multi-awarded eco-friendly property in Cagayan de Oro, is an advocate of sustainable living. For more green tips, click here.

Why You Should Consider Investing in Real Estate

Posted by Stefan on November 10, 2014

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:

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.

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.

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.

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.

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

Posted by Stefan on November 3, 2014

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 2^nd 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:

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.
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.
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.
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.
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.

Where to Set Up Business in Cagayan de Oro?

Posted by Primavera Residences on March 19, 2014

Living in uptown Cagayan de Oro for two days really had a huge effect on me. Experiencing all that Primavera Residences had to offer for both the environment and the residents was an amazing experience.

I recall how everything at Primavera Residences was so well planned, structured, and laid perfectly ready for each of the owners and future owners of the condo units. It made me think of how a family should plan its future.

After experiencing the life there, I can’t help but dream of getting a condo unit for myself and my family; or maybe even just rent one of the units.

There is at least a couple of good things at Primavera Residences to interest you. For me, the basic necessities are just within reach as one of the largest malls in Cagayan de Oro, SM CdO, is just across the street. The location is safe and flood-free, at 110 feet above sea level. The good schools are just nearby. Access to restaurants and food places is not a problem, too–there are restaurants on the ground floor of Primavera Residences and, of course, there are many restaurants in the mall.

If you love where you live now, that’s fine. Consider opening a business at the ground floor of the building, a business catering to the needs of the building residents and neighbors. It could be food or laundry service or a shop or boutique. Your business would surely boom since there are a lot of big companies nearby, such as Concentrix, probably the largest call center in Cagayan de Oro City.

How different really is uptown living from downtown living? Well, for me, it is more peaceful, safer, and yet very exciting as uptown CdO is fast becoming a very busy lifestyle and business center–and Primavera Residences seems to be at the center of it.

I really recommend you try to experience uptown living as a renter, unit owner, or business owner. And make Primavera Residences your preferred location.

Tag: condo for rent in Cagayan de Oro