Bought four more suites …

Last month, I took two days off and went to Manila, Philippines, where I saw several buildings under construction and got to know some real estate developers.

It didn't suddenly occur to me.

You should remember that I talked about real estate in the Philippines a while ago. In fact, in the process of collecting information and writing that article, I had some thoughts. After consulting several overseas properties in China, I chose one of the teams, so I had this house-viewing trip.

The intention of the 4 suites was paid, and the room number was selected. The next step was to go through the signing process. Things are settled.

The University of St. Thomas, which is convenient for taking photos, has a history of more than 400 years.

What is the biggest feeling?

It's nice to look at the house. Tired. Ah > _<

I took two days off at the weekend, one * * * four days. I thought it would be easier to look at the house this time than to buy an investment house before. As a result, except for the transit time of nearly 20 hours, the itinerary was full.

Plus, I still have a lot of things on my hands, and I can only work remotely with my mobile phone until two or three in the morning every day. On the other hand, employees are the hardest. When I learned that one of the post-1995 girls went to bed in the morning 1, got up at 4 a.m. to pick up the plane, and then started her day trip directly until late at night, the old aunt couldn't help feeling that it was good to be young. ...

Ok, this article is informative, but let me explain two points first:

1, not investment-oriented, only personal real investment sharing.

2. Investment varies from person to person.

Everyone's situation is different, their investment ideas are different, and their risk-taking ability is also different. I hope my friends can have their own judgment. After all, there are too many things that follow the wind and step on the pit.

I hope my personal overseas experience can provide you with new perspectives and ideas.

02

Let me talk about my impression of Manila, Philippines.

Before I went there, I secretly labeled it "chaotic" because of various historical news and political impressions. Even my classmates in Singapore told me, "It is said that the security in Manila is not very good."

After I went there, I found that Manila was much better than I expected.

There are many CBD, and the core area is probably the level of domestic strong second-line level. Of course, there are slums, and in some places there are rows of shacks on the roadside.

Passing through a central business district

Close to CBD

The big gap between the rich and the poor is the nature of big cities.

There is a certain gap between infrastructure construction and domestic first-and second-tier cities. The main reason is that the road is narrow and blocked, and the peak 10 km needs to be opened 1 many hours.

However, the locals don't seem to be in a hurry. My eyes are blocked, and I seldom hear someone honking the horn. It's hard to imagine that if someone is used to the domestic driving style, it's estimated that it only takes 10 minutes to honk the horn ~

Feel the congestion at will.

On the issue of public security, in a chat with a little brother in Northeast China who has lived in the local area for 1 year, he said that the public security in Manila is not bad, as long as he doesn't wander around the casino in the middle of the night, there is basically no problem. It is inevitable that someone will lose money in the casino and then walk around the corner to make a robbery or something.

In the data, it is also confirmed that:

This is inseparable from the credit of the current President Duterte.

Originally, due to the deterioration of public security in some areas, investors were discouraged. After taking office, Lao Du began to take extreme measures to deal with criminals. After a few years, it is still quite effective.

In addition, more than 85% of the residents in the Philippines believe in Catholicism, with simple folk customs and little overall public security problem.

03

After talking about the environment in Manila, continue to look at the real estate market.

The house I bought is located in the new Quezon CBD business district.

The urban pattern of Metro Manila is mainly composed of 4 CBD+ 1 Greater Bay Area +2 university districts. Quezon, with a population of more than 3 million, is the second richest area in Manila after Makati.

1, location

What impressed me most about Trump was not the messy jokes he told on Twitter, but the key to buying a house:

Position, position, position.

The traffic near the property is convenient, and the two tracks will meet in the future, and several core CBD and airports can be reached within half an hour. In the business circle, a world-class casino will be built this year, which will also increase the value of future real estate.

The construction of the house started from 20 19, and arrived at the construction site, the progress was faster than expected. Next to it is a newly-built office building, and some floors have been put into use.

Real estate scene

The office buildings next to it have also been put into use.

As mentioned earlier, the local people in the Philippines do not have a high desire to buy a house, and consumption belongs to the painting style of "drinking today and getting drunk today". People are more accustomed to renting houses, so an apartment near an office building is a good choice.

2. Room type

There are two types of local mainstream rooms:

1、20-24m？ A bedroom;

2、35-38m？ One room and one living room.

Of course it's 50 square meters. M? Above, since it is an investment, you must choose a room with good turnover.

The four suites bought this time are all 36m? One bedroom, one living room, the house in the Philippines is calculated according to the interior area, and the actual domestic area is about 45m? Above.

I also stopped by to see several model rooms of other properties in the same business district.

There is no concept of "residential area" in the Philippines. Everyone lives in an apartment, and the pattern and refined decoration style are similar (the decoration quality is average, which is almost the level of China ten years ago, and it is estimated that the overall architectural level in the Philippines is similar).

? Model house 1

? Model room 2

Property management is not bad, such as the mid-range apartment I live in:

Apartment environment

Downstairs swimming pool

The apartment I bought this time is similar in configuration, with two swimming pools, a gym, an outdoor children's playground, a meditation garden and so on.

3. Value point

The main investment value points, I will focus on two, one is the value of the business circle, and the other is the surrounding real estate.

Look at the value of the business circle first.

In the brand-new Quezon CBD, six Grade A office buildings have been built, including many well-known enterprises such as Alibaba, Hewlett-Packard and Standard Chartered Bank.

In addition, as mentioned above, Manila's infrastructure is average, and the degree of traffic jams is chilling. In this case, apartments close to rail transit are undoubtedly more valuable for investment.

Look at the surrounding buildings.

The unit price of apartments in the business district is concentrated in 20,000-30,000+/flat, and the most expensive is 37,000/flat. The price of the apartment I bought this time is 1.7 million/flat, which is in a depression.

The building faces the new Quezon Avenue.

Why is the price so cheap?

One of the reasons is that real estate companies are not intermediaries, but bulk buyers (charging service fees instead of commissions or price differences). They bought hundreds of houses in the form of group buying last year.

There are many building materials imported from China. As a result, this year, China completed the frightening garbage sorting, which greatly increased the cost of building materials.

The wool is on the sheep, so this year it pushed up the house price, and last year's house price became a value depression.

As far as the price is concerned, I have seen similar prices in other overseas real estate companies, but the payment method has no advantage, such as down payment 15% and 40% in the first four years.

So go on—

4. Method of payment

These auction houses will be delivered in 2024, with a down payment of 0, 2500 yuan per set per month, and 25% in five years. Finally, the remaining 75% will be settled in one lump sum.

You can shoot at any time during this process.

When changing hands, the group buyers of real estate companies are given priority, and the agency fee is 0, and the name change fee is only 1 000 yuan; If no one takes over and considers the intermediary transfer, the intermediary fee is 3-5% of the resale price.

By the way, because the real estate company has shares in the property management company in the Philippines, it can be transferred to the property management through one-stop after the house is handed over, and the landlord can collect the rent in China.

If it is an existing home, domestic real estate companies in the Philippines have also signed many lease custody agreements for existing home projects.

Take a photo as an example. The mode of living in a small house and short rent B&B is also one of the mainstream modes.

04

Why should I buy an overseas house?

There is a simple reason.

First of all, investment is to make money.

Many people have plans to buy a house overseas. As soon as they spoke, they snapped their fingers and said, I plan to use it as an investment house, and it will be a pension house in the future. It is best to help immigrants. By the way, is it possible for children to go to an international school? ...

Whether investing or doing things, try to be simple.

The clearer your goal is, the easier it is to make a decision about the red dot.

My personal investment is biased towards real estate. There are just-needed houses and investment houses in China, but we know that the golden age has long since ended. The economic foundation of the Philippines is relatively good in Southeast Asian countries, and house prices are in a period of rising dividends. The market is still rational at present.

Moreover, the rental-to-sale ratio is considerable, and the rental income is 7-9%. More than 30 square meters of one room and one living room near CBD, 4-5K per month.

Secondly, it is good for cash flow.

Originally, I also considered overseas real estate including Japan, but the small apartment basically requires a one-time payment, which has some pressure on cash flow (mainly because I don't have that much cash ~).

Since it is an investment, I usually follow two principles:

First, you can't go all in. Investment money, within its own risk tolerance, will not concentrate all available cash on a single project.

Second, investment should not be a burden that affects life. If you gnash your teeth, you will be full of Huang Lian before eating sugar, and your happiness will be greatly reduced.

Third, optimize the income structure.

The first half of life depends on active income and the second half on passive income.

As a middle-aged man who just can't reach the age line, besides continuing to work hard to make money, I have to start planning for the second half of the year. Rent income is a typical "after-sleep income".

Hard-earned money, how can they be idle? Ask them to help me work quickly.

Continue to use photos as illustrations. The seaside without filters is beautiful.

05

Finally, I want to emphasize that this article is only for personal investment and sharing.

Readers often ask me backstage:

The quality of every investment decision depends not only on whether the investment can bring the expected return, but also on whether it matches your overall situation, including your income, liabilities, risk preference and so on.

Some people earn seven figures a year in stock trading, and some people make big money by playing bitcoin. Investing in this kind of thing varies from person to person.

I hope this article can bring you some new ideas, and I hope we can all find that pile of wet snow+a long slope and have our own snowballs.

End—