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Condo for Rent in the Philippines

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Studio Unit For Lease in The Linear Makati (12987)

San Antonio, Makati
PL#12987 LOCATION - The Linear Makati, Tower 1, Mayapis Street GROUND FLOOR SHOPS - Self service laundry, Mini stop, 7-11, Foreign dining restaurants, Water Station. - Close proximity to Cash and Carry or SM Hypermarket. DESCRIPTION - Floor area: 24 sqm - Washing Machine ES-U75GP-GY (with Manual) - Air Condition Unit Kelvinator - Refrigerator - Single Burner Induction Cooker (Dowell IC-28) - Bunk Bed (Frame, 2 mattresses, 2 fitted sheet, 2 pillow cases) - Dresser Cabinet Dark Brown PRICE - Php 25,000 per month and inclusive of association dues- Terms: Monthly Rental : Php 25,000.00/month Inclusive of Association Dues Minimum Terms : 1 year Contract Payment Terms : 2 Advance, 2month Security Deposit plus PDC for the remaining balance AMENITIES - Basket ball court - Reading room - Function room - Running track - Eco roof To learn more about this space, contact Sapphiregate Philippines, Inc. (SGPI). For faster transaction, please indicate the following property code: PL#12987 ABOUT SAPPHIREGATE PHILIPPINES, INC. SGPI is a full-service real estate and investment firm headquartered in the Philippines. With listings from residential, commercial, industrial to co-working spaces, we are clearly the best source when searching for property. Connect with us today for your property needs. We also welcome listings from private to corporate entities.
₱ 25,000
1
Bedroom
1
Bath
24 m²
Floor area

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While a typical Filipino’s ultimate dream may be to own a house, buying property may not always be the wisest financial decision. Renting also has its benefits over full property ownership, even to those who are after long-term plans.

Condos for rent allow you to enjoy amenities, such as swimming pools, fitness centers, daycare centers, landscaped gardens, and children’s playgrounds, which are costly on their own. It also initially helps you save a significantly larger portion of your finances by sparing you from down payments that come with purchasing a home.

Condominiums for rent can be found almost anywhere especially in highly urbanized areas such as Metro Manila, Metro Cebu and Metro Davao. Different styles, ranging from resort-types to transit-oriented developments, have been built by major property developers, such as Megaworld, Ayala Land, SM Development Corporation (SMDC), and Century Properties.

In the long run, a condo for rent also eliminates the investment risks associated with the value of property owned because of a fluctuating market situation.

 

Renting over Buying a Condominium in the Philippines

Enjoy Amenities Offered by Condos

Considering the continuous growth of the economy and the lowering of residential property prices, now is the best time to invest in Philippine Real Estate. Having a gross domestic product growth of 5.7% in just the first quarter of 2014, the Philippines ranks as the fourth fastest-growing economy in Asia, with the real estate sector as a primary economic driver. The country’s developing economy undoubtedly supports individuals who are still establishing themselves. Young professionals or starting families are provided a strong foundation for job and business opportunities.

While a typical Filipino’s ultimate dream may be to own a house, buying property may not always be the wisest financial decision. Renting also has its benefits over full property ownership, even to those who are after long-term plans. The advantages of being a tenant are as follows:

  • As a tenant, you have the flexibility to relegate your chosen home with a fixed leasing fee you can afford.

  • You are spared from handling your own maintenance and repairs.

  • Part of your expenses and other household responsibilities are shouldered by your landlord.

  • Renting furnished property relieves you from the stress of having to buy everything you need, as well as thinking about the design of your interiors.

  • You gain access to the facilities available in your building.

  • You are spared from the burden of paying real estate tax, as this becomes the responsibility of your landlord.

Furthermore, condos for rent allow you to enjoy amenities, such as swimming pools, fitness centers, daycare centers, landscaped gardens, and children’s playgrounds, which are costly on their own. It also initially helps you save a significantly larger portion of your finances by sparing you from down payments that come with purchasing a home. In the long run, a condo for rent also eliminates the investment risks associated with the value of property owned because of a fluctuating market situation.

Things to Consider When Opting for a Condo Unit for Rent

Condominiums for rent can be found almost anywhere especially in highly urbanized areas such as Metro Manila, Metro Cebu and Metro Davao. Different styles, ranging from resort-types to transit-oriented developments, have been built by major property developers, such as Megaworld, Ayala Land, SM Development Corporation (SMDC), and Century Properties. Most are situated near transportation, shopping, and educational centers.

Whether renting short-term or long-term, it is important to determine the perfect fit between your choice and your needs. Ask yourself the following questions:

Is the condo for rent within your budget?

Units in Makati or Taguig usually command premium prices, while those in Mandaluyong, Quezon City, and Pasig are relatively more affordable. The cheapest condos for rent are in places like Manila or in the province. 

Is it in a location proximate to your workplace, your children’s educational institution, and your preferred commercial areas?

Although most people prefer to live in or near the Makati Central Business District, Bonifacio High Street, and Ortigas Center, do not forget that there are other popular areas, such as Araneta Center and Eastwood City in Quezon City.

How welcoming is the neighborhood?

Depending on your lifestyle, the busiest cities may not always be the most ideal. Living in the south - Paranaque or Muntinlupa - may benefit you more than living in the center.

Have you inspected its electricity, water system, furnishings, and security locks?

Check if everything works, because you would not want to have to go through repairs immediately after moving in.

Impressive Rent to Own Condo

Most importantly, carefully read the contract prior to signing because it is the fundamental basis of the rights and responsibilities between the tenant and the landlord.

 

Price Range of a Condo for Rent in the Philippines

Condominiums around the country are strategically situated near the business district, shopping malls, educational institutions, and offices. Most condos for rent can be seen in Metro Manila, especially around Makati, Taguig, Pasig, and Mandaluyong. Just like any other property, the pricing for condo units is determined by their location, features, amenities, and demand. It’s ideal to live in a condo that’s within walking distance to your office or school. People opt to rent a condo unit by means of convenience especially when you consider the time and money you’ll save from skipping the commute. If you’re interested in a condo for rent, here are the price range depending on the location:

 

  • Manila  - PHP 5,900 to PHP 300,000

  • Makati- PHP 9,000 to PHP 800,000

  • Mandaluyong- Php 8,000 to PHP 210,000

  • Pasig- PHP 7,000 to PHP 290,000

  • Taguig- PHP 10,000 to PHP 700,000

  • Laguna- PHP 9,000 to PHP 65,000

  • Pampanga- PHP 20,000 to PHP 120,000

  • Cebu- PHP 6,500 to PHP 200,000

Rent to Own Condo: An Easy Way to the High Life

High-rise condominiums have become the norm in most big cities, and this has not been lost on developers, who embark on different ways to make condo living more comfortable and convenient. While this bodes well for most property buyers, this also poses a challenge to buyers with tight finances. The newer and more innovative a condominium development is, and the more ideal its location is, the more expensive its units tend to be. This is why some people opt to rent instead.

Fortunately, you can purchase a condo for rent unit through a rent-to-own scheme which is available almost everywhere on the market, allowing those unable to afford a down payment a chance at having own their place of convenient urban living. One basically pays a usually higher than the average rental rate, but this becomes the means of slowly paying for ownership of the condominium.

Frequently Asked Questions

Is there a cheap condo for rent below 10k?

Yes, there are hundreds of cheap condos for rent below 10k a month. You don’t need to spend too much money to live in a prime location with convenient amenities to enrich your life.

Is there a 3-bedroom condo for rent?

Yes, you can find thousands of 3-bedroom condos for rent. These spacious condos are great for families or groups of friends and co-workers who need a place to stay. 

Is there a condo for rent with a swimming pool?

Yes, you can find thousands of condos for rent with a swimming pool. Swimming pools are a great amenity if you want to keep fit and relax in the water every once in a while.