The Things you Need to Ask when Buying a Condo in the Philippines

By: Gabriel Magan

It’s truly an exciting time to invest your money in a condominium property in the Philippines. But looking for a condominium unit is similar to looking for a single-family house. There are several factors you need to know and consider.

Condominiums in the Philippines provide a place for comfortable living as well as it is a profitable good investment and can provide passive income.

Before we begin, you must know that a condominium is a multi-unit property that is divided and sold into individual units. In comparison to a single-family home, owning a condominium includes partial ownership in shared “common property,” which presents unique challenges for the buyer.

Here, you will know the common questions from buyers interested in investing and purchasing a condo for sale in the Philippines.

How Much Is a Condo Unit for Sale in the Philippines?

It really depends on the location. Properties that are in urban locations such as Makati, Taguig, Quezon City, and Metro Manila are premium condominiums for sale in the market. The average size of one-bedroom condo units in the Philippines ranges from just under 30 square meters to ones that are more in line with the national average of 50 square meters. According to InvestAsian, the face value of a condo unit in Manila costs roughly PHP 145,800 per square meter.

Therefore, if you multiply that figure by 50, a condo unit with 50 square meters may cost, on average, PHP 7,290,000. Aside from the face-value cost, you must also consider paying maintenance fees, membership fees, and condo association fees. Once you move in, you should also consider paying for the utilities such as water system, electricity, cable, and internet fees.

However, the far it is from the city, the more likely it is to be an affordable option. You may check premium condo units for sale in Las Pinas, Tagaytay, and Sucat.

Can I Buy a Condo Unit?

Are you ready to buy your own condo unit? In order for you to know, you must consider the following factors:

Consider your income.

Before investing your money in buying a condo, you should consider if your income is sufficient to pay for the downpayment, as well as cover the monthly payments for the cost of the property.

Depending on the developer and the sort of property type you wish to buy, you might consider several payment plans.

Never feel rushed to buy the property right away. Before you pay for the property, take your time and consider your options. You should make sure that you have a stable and sufficient source of income since this type of real estate investment requires commitment and proper planning.

Going to a real estate agent can be a great way to learn about properties that you might not be able to find on your own if you have a general idea of what you’re looking for.

You’re planning to change to an Independent Lifestyle.

You are reading this now maybe because you are tired of roommates, a landlord, and rising rental fees. If you are deciding on a lifestyle change and want to be independent and in charge of your own space, well, owning a condo unit is the best match for you.

It also might be the ideal time to buy a condo, regardless of whether you are single or have a wife, husband, or fiancé.

A challenging future is waiting ahead for you and a good way to begin establishing financial security for you and your future family is to purchase a condo for sale in the Philippines.

You want convenience.

You may be a young professional that seeks to live in a community close to your workplace and leisure areas such as malls, coffee shops, and outdoor parks.

Most condominium properties also promise elegant and healthy condo living with some unique amenities including swimming pools, workout gyms, parking spaces, and function halls.

This is what sets a condominium apart from a typical home. By purchasing a condominium, you are purchasing all of the conveniences together with the place you call home.

You may also check out Pine Suites Tagaytay which is a 14-minute drive away from The New Coffee Project at Crosswinds, Tagaytay offering tranquil surroundings and breathtaking locations that you will surely indulge in.

Which Financing Option Works Best for Me in Buying a Condo in the Philippines?

There are numerous payment terms available when it comes to purchasing a condominium unit for sale in the Philippines. Here, you will learn some financing options you may choose from that fits best for you.


A Pag-IBIG loan is one way to finance a home purchase in the Philippines. Depending on the arrangement, Pag-IBIG may deduct monthly amortizations from your salary.

You can borrow up to P6 million through Pag-IBIG. You can take advantage of the low-interest rates starting at about 6%. The payment period is up to 30 years. Your condominium purchase, as well as any home improvements, may all be financed by a Pag-IBIG housing loan.

Spot Cash

You can also pay for the condo unit in spot cash, which is a payment method in which you pay the entire balance of the condo upfront. You may have up to a month after the initial reservation fee of the condo unit to settle the payment, but this may vary depending on your agreement with the broker or property developer.

Bank Loan

Another typical method of home financing is bank loans. But you must make sure that you have a decent credit history. Banks have many borrowing choices available to them, including borrowing up to 80% of the total value of the property.

Check out our loan products at AllBank that may help you with your financial needs and achieve your dream condo!

As collateral, your property is held by the bank until all of your monthly amortization has been paid in full. Depending on your circumstances with your money and credit history, bank loans may also offer you long repayment terms of up to 25 years.

In-House Financing

Most condos for sale in the Philippines have real estate developers that you can ask for a mortgage or loan. They provide a variety of payment schedules and customizable terms. In-house financing has less stringent standards than banks do.

However, the downside is that in exchange for longer terms of payment, developers might offer higher interest rates when you pay your money.

If you just pay the required amount, your loan debt and monthly amortization will increase.

You may check out Vista Residences if you’re considering relocating to a new condo!

Is It Wise to Invest in a Condo in the Philippines?

The COVID-19 pandemic and the economic impacts of the war in Ukraine had significant effects on the lives of many Filipino people, especially in a financial sense.

It caused those of us who managed to survive to reevaluate our priorities and start making preparations for a more solid and secure future. Most real estate assets, like a condo investment in the Philippines, may become a more likely asset to acquire as a good investment.

Condominiums have developed into a lucrative investment opportunity for many young professionals who own one. They are frequently used as rental properties that generate an income passively.

Do condos have good resale value?

Yes! One common way that people profit from their investments is through flipping condos. Many condominiums that are being sold on the real estate listings have a substantial amount of interested buyers.

In a simple manner, flipping a condo is when you buy the property at a discount and sell it for a profit. Most commonly in a real estate market with quick fluctuating prices, price appreciation and capital improvements to the property are typically how profit is achieved when reselling a condo unit.

For example, you as an investor might, for instance, purchase a home in a high-value neighborhood, significantly renovate it, and then resell it at a price that reflects its updated appearance as well as the included amenities, and areas of conveniences around the location of the property.

Owning a condo unit really sounds convincing since it is a smart way to invest your hard-earned money and achieve a convenient lifestyle. Check out Crown Asia‘s latest projects to turn your condo living aspiration into a reality!

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