For the last two months, I have been brokering repossessed townhouses. A lot of prospective buyers are interested in them because of their bargain prices. The townhouses with a floor area of 64 sqm. were priced for only P900k( more or less ) and newly renovated / repainted. Really a bargain, considering that they are located in a good part of Antipolo City (near Assumption ).
But the problem is, there are only a limited number of houses that are repossessed with a bargain price. Almost all house for sale inventory are brand new and quite out of the budget of most buyers.
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Construction updated picture January 2013 :
Roofing and walling of the condominium has started |
I checked a new development in Antipolo last week. (The development though is not horizontal but vertical, which means it's not a townhouse nor a single detached house but a condominium). I was surprised by the project's location and pricing. I didn't know that there is still a big parcel of land at the city center of Antipolo. And the pricing : a studio unit with a floor area of 23.28 sqm is selling for only P769,177.00. The project is a mix development of 2 condominium buildings, several row of townhouses in a 1.2 hectares property located near the Antipolo Cathedral. Tentative delivery date : June 2013. Comment: Price-wise it's a good project. A good project to invest in.
Check the pictures I took at the construction site. ( see above )
