Custom Search

Archive for November 13th, 2010

Saturday, November 13th, 2010 | Author:

We recently invested a condo in Ortigas, Pasig Philippines named The Pearl Place which is in the first stage of construction that means the   pre selling price  is not that high or expensive since it is still under construction and the developer of the Condominium is Robinsons Land Corporation, one of the country’s leading real estate companies, is engaged in the development and operation of shopping malls and hotels, mixed-use properties, office buildings, residential condominiums, as well as land and residential housing projects in key cities and other urban areas nationwide.Incorporated in June 4, 1980, RLC serves as the real estate arm of the JG summit Holdings, Inc, one of the Philippine’s largest conglomerates with diverse interests in branded consumer foods, agro-industrial and commodity food products, textile, telecommunications, petrochemicals, air transportation and financial services.

THE PEARL Place a Twin towers residential condominium will soon rise at Pearl Drive cor Gold Loop, Ortigas Center, Pasig City.

The reason I purchased this property is because it is very near 3 CBDs – Ortigas, The Fort and Makati While it is in the central business district, the area is quiet enough as if you are experiencing suburban living. The area is just a 3-minute walk from Shaw Blvd where you have Jeepneys going to Mandaluyong/Quiapo/Pasig  Walking distance to St Francis Church, EDSA Shangrila Mall and Megamall and very
near Poveda, La Salle Greenhills, Robinsons Galleria mall, ULTRA.

We invested on a studio which cost at P1,800,000( AU$41,860 rate at P43) with discounts to be given P2000 per square meter which is P48,000( AU$1116).. this discount is until End of November 2010… Start of December 1, 2010 the discount will be P1000 per sqm which is P24,000( AU$558) That is the reason why I grabbed the opportunity to buy the unit before it reached the discount deadline and purchased the unit at P1,752,000 ( AU$40,745)

Reservation is P30,000( AU$697) which is deductible to the purchase price that we already paid thru a money transfer to their bank account so the payable balance is P 1,722,000 The 30% of the payable balance P525,600(AU$12,223) less Reservation fee P30,000(AU$697)  equals to P495,600(AU$11,526)  is to be paid in 48 months( 4 years )so we only need to pay a monthly of  P10,325(AU$240) my conservative estimate of the price value of the unit after 4 yrs it would be approximately around P2,500,000-P3,000,000  (AU$58,140-AU$69,767) its like making a lay by.. or making a small deposit which earned interest.

They are selling studio, 1 bedroom and 2 bedroom units… I would have invested a bigger unit but since it is my first condo investment and also fits my budget so I purchased a studio unit as my first initial investment.

If you are interested in buying  The Pearl Place by Robinson Land Corporation or if you have any inquiries regarding the condo units available.. Feel free to email me at gpropertyinvesting@gmail.com

This is a legit investment opportunity.

More details to be posted and some sample computation.

International buyers are welcome to invest.