If you’re buying property in Quezon City or Mandaluyong but won’t occupy it for two years or more, a pre-selling condo is often your best bet. Developers constantly launch new projects in these areas, which can be tricky for first-time buyers.

You might wonder, why a pre-selling condo? While “Ready for Occupancy” (RFO) units are tempting, pre-selling units offer immense benefits, sometimes even more than immediate occupancy.

Lower Purchase Price

One of the primary advantages of buying a pre-selling condo is the significantly lower purchase price. While it takes time for the building to be completed, this initial discount can be substantial.

Furthermore, the down payment is often stretched, interest-free, until the turnover date, easing your financial burden. The only trade-off is patience, as you’ll need to wait for construction to conclude before occupying your unit.

Flexible Down Payment

If the down payment is a concern, pre-selling offers a solution: developers typically provide stretched, interest-free down payment terms, with monthly amounts often lower than a ready-for-occupancy unit’s amortization.

Crucially, this allows you, as an owner, to lock in the current price and benefit from future property appreciation as the condominium’s value grows by the time of completion.

Wise Investment

Purchasing pre-selling condo units is highly beneficial for those entering the condo rental business, offering significant return opportunities. New units are often more attractive to tenants, allowing owners to command slightly higher rental fees. Even better, units in prime locations like Quezon City and Mandaluyong (given their economic growth) often double in value by completion, presenting excellent resale potential.

However, confirm the condo management’s rental policy. Condo associations can be strict, fearing tenants may not protect the building and its properties like owners would. A high tenant-to-owner ratio can negatively impact long-term living conditions. Fortunately, the developer’s Leasing Department can often assist with the rental process.

Prime location 

Location is non-negotiable for real estate. While a condo’s architecture or unit design might evolve, its designated location remains permanent. This permanence, combined with the ability to choose your preferred floor and unit (e.g., corner units) with the best views during pre-selling, is a significant advantage.

With all these, it is critical, buy from a reputable developers which include WeeCommunity, Rockwell, Megawide, Primehomes, Urban Deca Homes, Megaworld and DMCI Homes  These developers have a solid history of high-quality condo developments in Metro Manila. Proven that they deliver properties on time.