High Returns on Manila Condominiums
14/03/2007 Section
- Philippines
The rental returns from letting residential
condominiums in central areas of Metro Manila range from 8% to 15% yearly, according to a survey just released by the Global
Property Guide.
The smallest apartments in each segment earn the highest yields. For instance, studio apartments in
the prime areas of Metro Manila can earn around 13%-15%. But the highest returns are available on the smallest studios (30
sq. m.), which earn rental returns of an average of 15.1%. Larger studio condos (40 sq. m.) earn slightly lower returns (12.9%).
The
same pattern holds in other condominium segments. One to two bedroom units (measuring 50 – 90 sq. m.) earn around 12%-15%,
but the highest returns can be earned on the smaller (60 sq. m.) condos, which earn rental returns of 15%. Larger 1 –
2 bedroom condos (80 sq. m.) earn rather lower returns (11.5%).
“The pattern is unusual,” says Matthew
Pollock, publisher of the Global Property Guide. “Instead of a smooth progression from high yielding units to low, we
have high to low with high-yielding ridges or lumps at particular apartment sizes - which correspond to the smallest case
of a particular number of bedrooms.”
by global property guide : Copy and paste only to get correct
link
http://globalpropertyguide.com/articleread.php?article_id=89&cid=4
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