A Comprehensive Guide on How to Buy a Condo in Metro Manila
Investing in a condominium in Metro Manila can be a lucrative and rewarding venture, whether for personal use or as an investment property. With the bustling real estate market and dynamic urban lifestyle, buying a condo in this thriving metropolis requires careful consideration and planning.
In this guide, we will walk you through the essential steps and considerations to help you make a well-informed decision when purchasing a condo in Metro Manila. Additionally, we will explore one of the prominent condominium projects in Ortigas Center, "Olin at Jade Drive" by Ortigas Land, offering a strategic and convenient living space in the heart of the city.
- Determine Your Budget and Affordability:
Before beginning your condo search, it is crucial to assess your financial capability. Calculate your budget and evaluate your affordability to determine how much you can allocate for the downpayment, monthly mortgage, and other related expenses.
- Research and Choose the Right Location:
Metro Manila is vast and diverse, with various neighborhoods offering unique lifestyles and amenities. Research different locations to find the one that best suits your needs, considering factors like proximity to your workplace, schools, hospitals, shopping centers, and public transportation.
- Understand the Condo Buying Process:
Familiarize yourself with the condo buying process in the Philippines. Seek guidance from reputable real estate agents or consult experts who can provide insights on legal and financial matters related to property acquisition.
- Review Project Details - "Olin at Jade Drive":
"Olin at Jade Drive" is an exceptional condominium project by Ortigas Land located in Ortigas Center, Pasig City. It boasts the following key details:
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Developer: Ortigas Land
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License to Sell: LTS No. 035050 (Olin North Tower), LTS No. 036158 (Olin South Tower)
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Location: Jade Drive corner Exchange Road, Ortigas Center, Brgy. San Antonio, Pasig City
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Total Lot Area: Approximately 2,397 square meters
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Total Floor Area: 52 levels, including 43 residential floors, 1 ground floor with retail spaces, 1 amenity floor, 7 podium parking levels, and 2 basement parking levels
- Explore Unit Offerings and Sizes:
"Olin at Jade Drive" offers 1,245 condo units, including 1,031 studio units and 214 1-bedroom units. The studio units range from 19 to 25 square meters, while the 1-bedroom units span from 32 to 36 square meters.
- Consider Price and Payment Terms:
Evaluate the price per square meter and explore various payment options offered by the developer. "Olin at Jade Drive" provides different payment schemes, including spot cash, deferred payments, and spread terms, to cater to different financial preferences.
- Assess Proximity to Key Areas:
"Olin at Jade Drive" enjoys a strategic location in Ortigas Center, making it accessible to essential destinations such as Bonifacio Global City (BGC), Makati Central Business District (CBD), Quezon City Memorial Circle, the airport, and more.
- Check Features and Amenities:
The condominium project offers an array of amenities, including a lounge pool, kiddie pool, gym, co-working space, function hall, retail access for residents, and various leisure facilities.
- Understand the Unique Selling Proposition:
With only a few units left, "Olin at Jade Drive" presents a limited opportunity for potential buyers to secure a prime investment in Ortigas Center.
- Evaluate Advantages over Competition:
The strategic location, attractive price point, flexible payment terms, prime amenities, expert property management, and access to trusted vendors make "Olin at Jade Drive" stand out from its competition.
Purchasing a condo in Metro Manila can be a wise and rewarding investment. By understanding your budget, researching the right location, and considering the project details and payment terms, you can make an informed decision.
"Olin at Jade Drive" in Ortigas Center provides a promising opportunity for both investors and homebuyers looking to experience the best of urban living in Metro Manila. With its outstanding features, amenities, and proximity to key areas, "Olin at Jade Drive" by Ortigas Land proves to be an excellent choice for a new home or investment property in the bustling metropolis.
BY: CARLO JAY (CJ) MANALO
Marketing Executive, DRIVEN Marketing Group Inc.
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