Hi, I'm waiting for the dust to settle around the beach locations before buying such a condo as an investment. Instead, I want to buy for capital growth, primarily thinking of a 5 year horizon, supported by Airbnb type rental. I know parts of Makati (around legazpi, Salcedo Village, Greenbelt) and Cebu City (around Ayala and IT Park). I'm now focusing on those areas and there are some apartments available from companies like Ayala, RFO or to be completed 2020.
I have two fundamental questions:
1. Anticipated capital growth for the two locations... any decent data to compare, alternatively an evidence based opinion?
2. In Philippines, to what extent do prices rise from pre-sale to RFO over, say, a 2-3 year period?
An email from an agent included comment of 10% growth since 2010. It's not clear how recent that was calculated, but if it's in the last year or so that is way below the growth I'm accustomed to in Sydney (where it's typically double in 10 years).
Any comment much appreciated. I have a small window of opportunity to make this happen, or decide not, next week before I return to Sydney.