General Info

[MutantChicken]

Any idea what the logic behind these absurdly high rental prices are? I imagine it probably goes something like, I haven't made any money on this condo for months! I have to double the rent to make up for it! With no consideration as to what demand levels might be.

Probably has more to do with the fact you are not as smart as you think, I would suggest this idea. Sure low general demand, but the people who are in need of such accommodation, IE foreign business people, westerners stuck there, westerners who are so horny that they arrived in spite of covid, they will have to pay such prices or the alternative is sleep in the street. These guys more than likely have the condo fully paid, so no big deal if its empty. Best analogy is that if you are hungry, you will work for the cost of a meal, if you are a millionaire, you won't get out of bed unless it was for big money. The millionaire knows that anyone that approaches him know that, is in desperate need of his skill set, so why work for pennies.

[Kazeu]

As previously mentioned, high condo prices. See pic, Malate, Birch Tower area (a block south of Robinson's Mall). Pre-covid typical prices for a studio were $500-$750 USD per month. Look now, typical is $1000-$1300. Screen shot from monthly stay check airbb. Initial prices show even higher. Example, a monthly cost since Covid might show a ridiculous $2000, with a '40% monthly discount', for an unusually high $1200. Some of the units listed on the first page have not been rented for even a night or two in many months. Worse, some Manila units now require a multi-months stay requirement (basically, a lease) at these prices.

IMFITP!

Any idea what the logic behind these absurdly high rental prices are? I imagine it probably goes something like, I haven't made any money on this condo for months! I have to double the rent to make up for it! With no consideration as to what demand levels might be.

[Wicked Roger]

As previously mentioned, high condo prices. See pic, Malate, Birch Tower area (a block south of Robinson's Mall). Pre-covid typical prices for a studio were $500-$750 USD per month. Look now, typical is $1000-$1300. Screen shot from monthly stay check airbb. Initial prices show even higher. Example, a monthly cost since Covid might show a ridiculous $2000, with a '40% monthly discount', for an unusually high $1200. Some of the units listed on the first page have not been rented for even a night or two in many months. Worse, some Manila units now require a multi-months stay requirement (basically, a lease) at these prices.

IMFITP!

Am not surprised Westie.

In Cebu they increase condo prices every 6 months. When I asked why (as no buyers) they said it was 'policy'. I tried to explain supply demand and pricing but fell on deaf ears. Greed in some respects makes the condo owners think they can get higher prices.

I prefer to offer just below market rate and get the condo full / occupied all year. But some can't understand the logic.

[WestCoast1]

On vaccinations in Phils:

https://www.thestar.com.my/aseanplus...s-top-official

From the article, dated today:

"To date, the Philippines has acquired 600,000 doses of COVID-19 vaccine from China's Sinovac Biotech as a donation from the Chinese government. Another one million doses is expected to arrive on March 21.

The Philippines also got 525,600 doses from British-Swede drugmaker AstraZeneca. The first shipmentconsisting of 487,400 doses, arrived on March 4, while the remaining 38,400 doses arrived on March 7. ".

From the same article, regarding rollout:

"Rest assured that the Duterte administration has been relentless in acquiring these vaccines to ensure that the country will have a fair share of the doses," Galvez said in a statement.

He also addressed the perceived slow vaccination rollout, saying that the current supply is reserved for medical frontliners. "The inoculation of medical workers must be carried out in a deliberate manner. Considering the crucial task they perform, their vaccination must be done in batches in light of possible adverse effects and the impact on the manning requirements of health facilities," he said. "When all our medical frontliners and health care workers are inoculated and our country already has sufficient vaccine supplies, we shall significantly pick up the pace of our vaccination program," he said.

[WestCoast1]

As previously mentioned, high condo prices. See pic, Malate, Birch Tower area (a block south of Robinson's Mall). Pre-covid typical prices for a studio were $500-$750 USD per month. Look now, typical is $1000-$1300. Screen shot from monthly stay check airbb. Initial prices show even higher. Example, a monthly cost since Covid might show a ridiculous $2000, with a '40% monthly discount', for an unusually high $1200. Some of the units listed on the first page have not been rented for even a night or two in many months. Worse, some Manila units now require a multi-months stay requirement (basically, a lease) at these prices.

IMFITP!

[JohnReter335]

Prices for food and drinks will be less than your western country.

Hotels are cheaper than the west.

Ladies are still more fun and love fucking harder than the western girls your age.

So, nothing has changed.

LOL xD the perfect answer.

[BrizLad]

Hi guys,

I've been away for a long time.

So those of you that are updated, how are the prices nowadays in phili?

With that I mean food, drinks, hotels and ladies.

Prices for food and drinks will be less than your western country.

Hotels are cheaper than the west.

Ladies are still more fun and love fucking harder than the western girls your age.

So, nothing has changed.

[BrizLad]

I have seen homes renting for 300 K a month who can afford these in the Philippines?

Any input would be appreciated.

You would also do well to investigate what your rent payments are going to be covering. The high-end gated community leases I have been involved with in Pampanga the renter is responsible for maintenance and repairs. That includes the aircon that breaks down after one month and the hot water tank that shit itself after 3 months.

Like all contracts in Ph, it is a one way system. You are expected to pay and very little can be expected in return. The people owning the properties are going to be elites.

[Goferring]

Hi,

I am wondering if anyone here has experience or knowledge regarding renting some high end homes. Homes that are 300 sq m plus with pools types.

I am looking to rent one, the prices seem all over the map.

They are always looking for significant deposits some even 8 months which is ridiculous.

Are these places negotiable?

Any advice or pitfalls to worry about.

I have seen homes renting for 300 K a month who can afford these in the Philippines?

Any input would be appreciated.

Thanks.

PP.

What's sort of timeframe are you looking for?

Most longer high-end leases in expat gettos would strongly prefer a direct company lessee rather than an individual. That may be why you are being quoted 8 months upfront. This would be especially so if you are still outside the country.

300 k would typically be paid by a housing allowance and not out of someone's pocket. Hence the high price.

Everything is negotiable but it's not uncommon to see places like this sit empty for a long time just waiting for the right sucker / expense account to come along. For the right tenant some owners will do a lot of modifications. I've seen pools added, walls moved, gardens installed etc.

Do your normal due diligence. Lease from the owner and not the gardener's well dressed brother. Some of these areas can be new developments or older areas that are being refreshed. You don't want to be next to a building site for the next two years. Never lease off the plan or from photos. A physical inspection is a must do.

Good luck.

[Pinaypounder]

Hi,

I am wondering if anyone here has experience or knowledge regarding renting some high end homes. Homes that are 300 sq m plus with pools types.

I am looking to rent one, the prices seem all over the map.

They are always looking for significant deposits some even 8 months which is ridiculous.

Are these places negotiable?

Any advice or pitfalls to worry about.

I have seen homes renting for 300 K a month who can afford these in the Philippines?

Any input would be appreciated.

Thanks.

PP.

[Dg8787]

[QUOTE=DevCoder;2536049]Hi guys,

I've been away for a long time.

So those of you that are updated, how are the prices nowadays in phili?

With that I mean food, drinks, hotels and ladies.[/QUOTE

Same. Still payable in Philippines Pesos. Possibly in the near future Chinese Yuan will be accepted.

[DevCoder]

Hi guys,

I've been away for a long time.

So those of you that are updated, how are the prices nowadays in phili?

With that I mean food, drinks, hotels and ladies.

[WestCoast1]

And in other news, its p48 to the USD here.

[D Cups]

Curious DC's thoughts on this.

OK, new one on me. I don't think I've seen the bigger ones but then again I haven't been there in 16 months. Trikes or jeepneys: I don't like any of them. Too small, noisy, dirty etc. Sometimes they are necessary. Cheers, Westie.

[WestCoast1]

I love those seductive words whispered in to my ears!

Bless her drunken heart. We were listening to a live band, with those social-distance seats, with small tables for couples (1 or 2 persons) only. As the band was finishing a song she turned and said it to me loudly over the music, matter-of-factly, then she turned her head back to the band. 2 seconds later the song ended sharply. Thank goodness she didn't wait a few more seconds to yell that out loud.

And: "Yes it is". Bwahahaha WTF!