Mid to high-rise condominium developers apply an engaging strategy whenever they have a new development entering the market. Aside from generating significant buzz about the property, they also garner potential consumers through pre-selling offers. Pre-selling properties are those that haven’t been built, yet or are still being constructed. The usual turnover period is between four to seven years.
To encourage homebuyers to consider the condominium, developers offer a discounted rate for the units. It is expected that over time, as the property is completed, the price will increase resulting in a gain for the buyer. If you are interested in a worthy investment, start by finding a pre-selling development in a high-traffic area. These days, property prices are on the rise in cities such as Makati, Taguig, Ortigas, and Quezon City. Consider areas such as Cebu and Davao as well. Aside from renting out your property to those who have businesses in the area, you yourself can live within close proximity to the best business districts that the country has to offer.