Affordable Luxury: Top Pre-Selling Condos in Manila Under 5M PHP

Introduction

Ah, Manila, the city of endless possibilities and traffic jams that’ll have you reevaluating your life choices. But let’s cut the chismis and get to the real deal—pre-selling condos in Manila under 5M PHP! That’s right, we’re diving into Manila’s real estate scene, which is as diverse and satisfying as a well-mixed halo-halo on a blazing hot day. From sky-high luxury condos to cozy apartments, this market has got it all. And the cherry on top? It’s booming like your Tita’s off-key karaoke sessions, but way more profitable. So, are you in or what?

Now, let’s get to the meat of the matter: pre-selling condos. Why should you care? Simple, pare. It’s like buying your favorite band’s concert tickets before they go on sale to the general public. You get the best seats (or in this case, units) at a lower price. Plus, you can even flip it for a profit later on. It’s like hitting two birds with one stone, but without the animal cruelty.

Hold on to your britches because we’ve got a list that’s hotter than your Lola’s sinigang. We’re talking about condos that are not just in prime locations but are also easier on the pocket—under 5,000,000 PHP! Yeah, you read that right. From Galeries Tower in Ermita to Peninsula Garden in the heart of Manila, we’ve got the lowdown on the best pre-selling condos that won’t make you sell a kidney.

So, are you ready to make one of the biggest decisions of your life? Tara, let’s go!

Why Pre-Selling Condos?

Alright, let’s get down to business. You’re probably wondering, “Why the hell should I invest in a pre-selling condo?” Well, sit tight, because I’m about to drop some knowledge bombs that’ll make you say, “Pucha, why didn’t I think of that?”

Benefits of Buying Pre-Selling Condos

Lower Initial Costs: It’s like buying a phone during a pre-order sale. You get it cheaper than when it’s already out and everyone and their dog wants one. Developers offer lower prices and flexible payment terms during the pre-selling stage. It’s a win-win, pare!
Higher ROI: Think of it as planting a mango tree. You nurture it, and in a few years, you’re swimming in sweet, delicious mangoes. The property value will likely appreciate by the time it’s completed, giving you a juicy return on investment.
Customization Options: Ever wanted to live in a condo that reflects your oh-so-unique personality? Pre-selling allows you to choose the best units and even customize some aspects. It’s like designing your own sneaker, but it’s a home.
Prime Choices: You get first dibs on the best units—those with killer views, optimal layouts, and auspicious feng shui if you’re into that sort of thing.
New and Modern: Everything is brand spanking new! From the gym equipment to the swimming pool, you’ll be the first to break them in. No worrying about what went down in that unit before you moved in.

Risks and How to Mitigate Them

Alright, it’s not all sunshine and rainbows. There are risks, but don’t worry, we’ve got ways to dodge those curveballs.

Project Delays: Filipino time isn’t just for parties; it happens in construction too. Delays can happen, affecting your move-in date.

Mitigation: Choose a reputable developer. Do your homework, and maybe even stalk them online. Check their track record for project completions.

Quality Issues: Sometimes the finished product doesn’t match the glossy brochure.

Mitigation: Again, go for developers with a solid reputation. Visit their previous projects if you can.

Price Fluctuations: Economic factors can affect property prices. Your investment might not appreciate as much as you’d hoped.

Mitigation: Diversify your investments. Don’t put all your eggs in one condo basket.

Contract Pitfalls: Some contracts are as tricky as a game of patintero. You might find yourself trapped with rising costs or unfavorable terms.

Mitigation: Get a good lawyer to review the contract. Don’t just nod and sign; know what you’re getting into.

Market Saturation: Too many condos can lead to lower rental rates and property values.

Mitigation: Choose locations that are up-and-coming or have long-term value. Think BGC before it was BGC.

So there you have it, the good, the bad, and the ugly of investing in pre-selling condos. But with the right moves, you’ll be laughing all the way to the bank—or at least to your brand new condo’s infinity pool. On to the next one, shall we?

What to Look for in a Pre-Selling Condo

Alright, you’re sold on the idea of a pre-selling condo. But wait, cowboy, don’t go throwing your money around just yet. You gotta know what you’re looking for, or you might end up with a dud. It’s like dating; you gotta have standards, pare. So, let’s break down the nitty-gritty details you should be eyeballing.

Location

You know what they say in real estate: “Location, location, location!” And they say it three times for emphasis, like a chant to ward off bad juju.

Accessibility: Is it near public transport? Can you get a Grab without selling your soul?
Proximity to Essentials: We’re talking hospitals, schools, and yes, even that 24/7 convenience store for your midnight snack runs.
Safety: You don’t want to live in a place where you need an exorcism just to get home safely. Check crime rates and flood history.
Future Developments: Any upcoming malls or business hubs? That’ll boost your property value like a shot of gin boosts your courage.

Developer Reputation

Your developer is like your life partner; choose wisely, or you’ll regret it.

Track Record: Have they completed projects on time? Are their buildings still standing or have they turned into modern ruins?
Reviews and Feedback: Check out forums, social media, or even better, talk to actual residents in their other projects.
Financial Stability: You don’t want them going bankrupt halfway and leaving you with an unfinished unit, like a bad haircut.

Amenities

Amenities are the cherries on top of your condo sundae.

Basic Amenities: Pool, gym, and security are non-negotiables.
Extra Perks: Think game rooms, mini-theaters, or even a freakin’ rock-climbing wall.
Maintenance: A rusty gym and a greenish pool are no-go’s. Make sure they keep things spick and span.

Price

Last but definitely not least, let’s talk moolah.

Initial Costs: Know the down payment, reservation fees, and other costs that’ll make your wallet lighter.
Payment Schemes: Flexible terms are your friend. The more options, the better.
Hidden Charges: Watch out for those sneaky additional costs like parking fees, maintenance dues, or “luxury” fees that are as mysterious as they sound.

So, there you have it. Your ultimate guide to not screwing up your pre-selling condo purchase. Keep these in mind, and you’ll be sipping cocktails by your condo pool in no time, feeling like the goddamn genius you are. Next up, let’s dive into the condos that’ll make you say, “Shut up and take my money!”

Galeries Tower Manila – Ermita, Manila

Pre-Selling Condos in Manila Under 5M PHP

PreSelling: ₱3,918,500

Alright, let’s kick things off with Galeries Tower Manila. This bad boy is more than just a pretty face; it’s got substance, style, and a killer location. So, let’s break it down, shall we?

Location Advantages

First off, the location is lit! Situated on Natividad Lopez St cor Cabral St in the heart of Manila, this condo is within walking distance from SM City Manila. And get this, it’s also near some of the country’s top educational institutions like the University of Manila, Technological University of the Philippines, Adamson University, National University, and Pamantasan ng Lungsod ng Maynila. Plus, you’re just a stone’s throw away from Manila Bay, where you can catch that Instagram-worthy sunset. Talk about a prime spot, di ba?

Developer Info

The brains behind this masterpiece is Grand Taipan Land Devt, Inc. Now, the name might sound like a villain from a kung fu movie, but trust me, they’re legit. The tower is set to be completed by Q4 2025, so mark that calendar because that’s when you could be moving into your dream home.

Amenities

Hold on to your seats because the amenities are off the charts! We’re talking a study room for all you bookworms, a gym for the fitness freaks, function rooms for your future fiestas, an outdoor lounge for chill nights, and a swimming pool for, well, swimming. It’s like a mini-resort right in your backyard.

Price Range

Now, let’s talk numbers. The price range for the units is as follows:

Studio: 24.6 sqm for 3,977,120 PHP
Exec Studio: 24.99 sqm for 3,876,320 PHP
1BR: 34.03 sqm for 5,247,200 PHP
1BR: 44.87 sqm for 6,621,440 PHP

Note that these prices can change faster than your ex changed their relationship status, so it’s best to contact them for the latest info.

So, there you have it. Galeries Tower Manila is like that perfect halo-halo mix—sweet, satisfying, and makes you want to come back for more. Next on the list, let’s see who else is competing for your hard-earned pesos!

Atwood Heights – Vito Cruz, Manila

PreSelling: ₱4,655,312

Alright, let’s move on to the next contender in our condo showdown: Atwood Heights. This one’s got a vibe that screams “young, wild, and free,” perfect for students and young professionals. So, let’s dive in, shall we?

Location Advantages

Location is king, and Atwood Heights is basically royalty. Nestled along Taft Avenue, this condo is a hop, skip, and a jump away from the Vito Cruz station of LRT 1. But wait, there’s more! It’s near La Salle, making it a prime spot for students and faculty alike. It’s like living next to a 7-Eleven; everything you need is just around the corner.

Developer Info

The mastermind behind this gem is Vista Residences, Inc. These guys have been around the block, and this is their fourth project on Taft Avenue. So, they know what they’re doing. The estimated date of completion is Q4 2024. Mark that on your calendar, because that’s when you could be hosting your housewarming party.

Amenities

Hold on to your knickers, because the amenities here are a whole vibe. We’re talking function rooms for your future shindigs, a swimming pool for those “I need a vacation” moments, a study lounge for cramming sessions, and a fitness center to work off all those late-night food deliveries. It’s like living in a mini resort, but without the overpriced drinks.

Price Range

Let’s talk cold, hard cash. The price range is as follows:

Studio: 23.28 sqm for 4,655,312 PHP
1BR: 33.6 sqm for 6,612,480 PHP

Note: These prices are like your Tito’s political opinions—subject to change without notice. So, better get the latest scoop directly from them.

So, there you have it! Atwood Heights is like that perfect mixtape—every track is a banger, and you can’t help but groove to it. Who’s next on our list of condo superstars? Stay tuned to find out!

Morrison Heights – España, Manila

PreSelling: ₱4,088,280

Alright, let’s keep this condo party going with Morrison Heights. This one’s got that academic flair, perfect for the studious and the scholarly. So, let’s get into the deets, shall we?

Location Advantages

This condo is like the nerd in the front row—always where the action is. Located along AH Lacson Ave and Calle Aragon St in Manila, Morrison Heights is right in the thick of the University Belt. We’re talking UST, FEU, and all those other acronyms that make parents proud. It’s basically a student’s dream location, minus the noisy frat houses.

Developer Info

The genius behind this project is Vista Residences, Inc. These folks are no newbies; this is their fourth offering in the España – Lacson area. So, they’ve got the experience to back up their game. The turnover date? 2025. So, get your planners out and mark that date, because that’s when you could be hosting your first condo party.

Amenities

Amenities here are like the extra toppings on your pizza—totally worth it. While the specifics are a bit hush-hush, given Vista Residences’ track record, you can expect the usual suspects: a swimming pool, a gym, and maybe even a study lounge for those all-nighters.

Price Range

Now, let’s talk about the part that makes your wallet sweat—prices. Here’s the rundown:

1BR: 35 sqm for 6,237,000 PHP
Exec Studio: 28 sqm for 5,069,442 PHP
Studio: 21.9 sqm for 4,088,280 PHP

Remember, these prices are as volatile as your Tita’s mood swings, so better double-check for the latest figures.

So, there you have it! Morrison Heights is like that valedictorian who’s also the life of the party—smart, strategic, and oh-so-fun. Who’s next in our condo parade? Stick around to find out!

Vista Plumeria Heights – Taft Ave, Manila

PreSelling: ₱4,876,960

Alright, let’s keep this condo fiesta rolling with Vista Plumeria Heights. This one’s got that youthful energy, perfect for the young’uns and the young at heart. So, let’s get into the meat of it, shall we?

Location Advantages

This condo is like the cool kid in school—everyone wants to be near it. Located along Taft Avenue, Vista Plumeria Heights is a stone’s throw away from De La Salle University and St. Scholastica’s College. It’s like living in the middle of an academic wonderland, minus the exams and the stress.

Developer Info

The big brain behind this project is none other than Vista Residences, Inc. These folks are like the LeBron James of condo development—always delivering. The estimated turnover date is Q4 2022, so you better start packing because you could be moving in sooner than you think.

Amenities

The amenities here are like the extra cheese on your pizza—absolutely essential. We’re talking a fitness center for those who want to flex, a swimming pool for your weekend chill sessions, and a multi-purpose function hall for, well, multiple purposes. They even have a study hall and lounge area for when you need to hit the books.

Price Range

Alright, let’s talk dough. Here’s the lowdown:

Studio: 21 sqm for 4,749,400 PHP
Studio Deluxe: 24.88 sqm for 5,608,432 PHP
1BR: 33.82 sqm for 7,637,748 PHP
Parking: 12.5 sqm for 1,125,000 PHP

Remember, these prices are as unpredictable as Manila weather, so you might want to double-check for the latest digits.

So, there you have it! Vista Plumeria Heights is like that playlist that’s perfect for every mood—chill, upbeat, and everything in between. Who’s next in our condo lineup? Stick around to find out!

Avida Towers Intima Manila

Early Move In, Ready For Occupancy: ₱4,468,800

Alright, let’s keep this condo fiesta rolling with Avida Towers Intima Manila. This one’s got that youthful energy, perfect for the young’uns and the young at heart. So, let’s get into the meat of it, shall we?

Location Advantages

This condo is like the cool kid in school—everyone wants to be near it. Located along President Quirino Avenue Extension in Paco, Manila, Avida Towers Intima offers unmatched accessibility and conveniences to its residents. It’s ideal for both individuals and families who are seeking for the prefect home in the heart of Manila.

Developer Info

The big brain behind this project is none other than Avida Land. These folks are like the LeBron James of condo development—always delivering. The estimated turnover date is ready for occupancy, so you better start packing because you could be moving in sooner than you think.

Amenities

Price Range

Alright, let’s talk dough. Here’s the lowdown:

Studio: 22 sqm for 4,468,800 PHP
1BR: 41.5 sqm for 17,443,520 PHP
2BR: 63.48 sqm for 11,104,800 PHP

Remember, these prices are as unpredictable as Manila weather, so you might want to double-check for the latest digits.

So, there you have it! Avida Towers Intima Manila is like that playlist that’s perfect for every mood—chill, upbeat, and everything in between. Who’s next in our condo lineup? Stick around to find out!

3 Torre Lorenzo – Taft, Manila

PreSelling: ₱4,742,420

Alright, let’s keep this condo fiesta rolling with 3 Torre Lorenzo. This one’s got that youthful energy, perfect for the young’uns and the young at heart. So, let’s get into the meat of it, shall we?

Location Advantages

This condo is like the cool kid in school—everyone wants to be near it. Located along Taft Avenue, 3 Torre Lorenzo is a stone’s throw away from De La Salle University, College of Saint Benilde, and St. Scholastica’s College. It’s like living in the middle of an academic wonderland, minus the exams and the stress.

Developer Info

The big brain behind this project is none other than Torre Lorenzo. These folks are like the LeBron James of condo development—always delivering. The estimated turnover date is ready for occupancy, so you better start packing because you could be moving in sooner than you think.

Amenities

Price Range

Alright, let’s talk dough. Here’s the lowdown:

Studio: 20.77 sqm for 4,742,420 PHP
1BR: 43.15 sqm for 6,785,000 PHP

Remember, these prices are as unpredictable as Manila weather, so you might want to double-check for the latest digits.

So, there you have it! 3 Torre Lorenzo is like that playlist that’s perfect for every mood—chill, upbeat, and everything in between. Who’s next in our condo lineup? Stick around to find out!

Peninsula Garden Midtown Homes – Manila

PreSelling: ₱5,050,000

Alright, let’s keep this condo fiesta rolling with Peninsula Garden Midtown Homes. This one’s got that family-friendly vibe, perfect for the kiddos and the parents. So, let’s get into the meat of it, shall we?

Location Advantages

This condo is like the cool kid in school—everyone wants to be near it. Located in the heart of Paco, Manila, Peninsula Garden Midtown Homes offers unmatched accessibility and conveniences. It’s ideal for both individuals and families who are seeking for the perfect home in the heart of Manila. Plus, it’s near major business districts and universities, so it’s like hitting two birds with one stone.

Developer Info

The big brain behind this project is none other than Federal Land subsidiary Horizon Land. These folks are like the LeBron James of condo development—always delivering. The estimated turnover date is December 2021, so you better start packing because you could be moving in sooner than you think.

Amenities

The amenities here are like the extra cheese on your pizza—absolutely essential. We’re talking more than 50% open space, providing great outdoor adventures and enough space for you to relax and be yourself. It’s like living in a mini resort, but without the overpriced drinks.

Price Range

Alright, let’s talk dough. Here’s the lowdown:

1BR: 20.5 sqm for 2,990,000 PHP (SOLD OUT)
1BR with Lanai: 25 sqm for 3,700,000 PHP (SOLD OUT)
2BR: 34 sqm for 5,000,000 PHP
2BR with Balcony: 38 sqm for 5,730,000 PHP
2BR with Lanai: 41 sqm for 6,070,000 PHP
Parking: 12.5 sqm for 1,690,000 PHP

Remember, these prices are as unpredictable as Manila weather, so you might want to double-check for the latest digits.

So, there you have it! Peninsula Garden Midtown Homes is like that playlist that’s perfect for every mood—chill, upbeat, and everything in between. Who’s next in our condo lineup? Stick around to find out!

Financing Options

Alright, let’s get down to brass tacks—how the hell are you gonna pay for that swanky condo? Don’t worry, I’ve got the deets on your options, and they’re as varied as the toppings on a halo-halo. Let’s dive in!

Bank Financing

First off, the classic: Bank Financing. Think of it as the adobo of the financial world—reliable, well-loved, and a bit traditional. You’ll need a good credit score and a stable income. The interest rates are generally lower, and you can stretch that loan for up to 20 years. But do your homework and compare rates, ’cause not all banks are singing the same tune.

In-House Financing

Next up, In-House Financing. This is the balut of financing—might seem odd to some, but it’s a local favorite. It’s offered by the developer, so it’s quick and easy, but the interest rates are higher and the loan terms are shorter. If you’re the impatient type who hates red tape, this is your jam.

Pag-IBIG Fund

Last but not the least, the Pag-IBIG Fund. This is the kare-kare of financing—uniquely Filipino and a bit complex but oh-so-worth it. It’s a government-owned program that offers lower interest rates and longer loan terms. A qualified member can get a maximum loan amount of up to ₱6 Million. They even have a voluntary savings program called MP2 that offers tax-free annual dividends. So, if you’re looking for a more flexible and patriotic way to finance your condo, Pag-IBIG’s got your back.

So, there you have it, mga kaibigan! Three solid ways to make that condo dream a reality. Choose wisely, and may the financial gods bless you with endless creditworthiness!

Note: For more details on Pag-IBIG Fund, you might want to check out their Website. It’s packed with info, from history to benefits.

The Future of Manila Condos

Predictions and Speculations

Hold on to your salakots, folks, ’cause we’re about to dive into the murky waters of the future. Now, I’m flagging this as speculative, so don’t go betting the farm on it. But if you’re the adventurous type, you might find these insights as exciting as a jeepney ride through EDSA during rush hour.

The Rise of Co-Living Spaces

First off, let’s talk about co-living spaces. With the cost of living going up like a bottle rocket on New Year’s Eve, more people are looking for affordable housing options. Co-living spaces offer a sense of community and shared amenities, making them an attractive option for millennials and Gen Z. So, don’t be surprised if future condos start looking more like dormitories with a dash of luxury.

Green and Smart Buildings

Next, let’s talk tech and sustainability. As climate change becomes more of a “we need to do something NOW” issue, expect more condos to go green. Solar panels, rainwater harvesting, and smart home tech could become the new norm. Imagine controlling your aircon with your phone while you’re stuck in traffic. How cool is that? Literally.

The Airbnb Effect

Lastly, the Airbnb effect. With tourism in the Philippines growing faster than bamboo after the rain, condos are increasingly being bought for short-term rentals. This trend could drive up prices and make certain areas more touristy, but it’s also a potential goldmine for investors.

So, there you have it. The future’s as uncertain as a game of tong-its, but these are some educated guesses that might just hit the mark. Whether you’re an investor, a first-time buyer, or just someone who likes to dream, keep these trends in mind as you navigate the ever-changing landscape of Manila condos.

So, what’s it gonna be? Are you ready to ride the wave of the future, or are you gonna play it safe? Either way, ingat ka and happy condo hunting!

Conclusion

Alright, mga kaibigan, we’ve been through the ringer, from the nitty-gritty of financing to the wild west of future predictions. Now, let’s wrap this up like a fresh lumpia and talk about the best picks and why you should be throwing your hat in the Manila condo ring, like, yesterday.

Summary of the Best Picks

First off, let’s give a shoutout to our top picks:

Galeries Tower Manila for its prime location in Ermita and its artsy vibe.
Atwood Heights for being the student’s dream near Vito Cruz.
Morrison Heights for its academic flair and proximity to the University Belt.
Vista Plumeria Heights for its youthful energy and closeness to De La Salle University.
Avida Towers Intima Manila for its family-friendly atmosphere and strategic location.
3 Torre Lorenzo for its academic wonderland vibes.
Peninsula Garden Midtown Homes for its family-friendly amenities and spacious living.

Final Thoughts

Now, why is now the best time to invest? Simple. Real estate is like Jollibee—it’s always a good idea. With the economy slowly recovering from the pandemic and interest rates still relatively low, there’s no better time to invest than now. Plus, with the rise of remote work, having a comfortable and strategic living space has never been more crucial.

And let’s not forget the future trends we talked about. From co-living spaces to the Airbnb effect, the Manila condo market is ripe for innovation and growth. So, whether you’re an investor looking for your next big break or a young professional searching for a place to call home, now is the time to act.

Main Keyword: Best Time to Invest in Manila Condos
Related Keywords: Real Estate Investment, Economic Recovery, Low Interest Rates, Remote Work, Future Trends

So, there you have it! The ball’s in your court. Are you gonna shoot for that three-pointer or pass it on? Either way, good luck and may the real estate gods be ever in your favor!

Call to Action

Listen up, mga kaibigan! If you’ve been sitting on the fence, humming and hawing about whether to invest in a Manila condo, it’s time to get off your puwet and make a move! The market’s hot, the picks are prime, and the future’s so bright, you’ll need shades.

Why wait for “someday” when you can make that day today? Interest rates are low, opportunities are high, and the only thing missing is YOU. So, grab that opportunity by the horns like a true Filipino rodeo star and ride it all the way to the bank!

Still got questions? Don’t let ’em fester like last week’s adobo. Reach out to experts, do your research, and for the love of lechon, take the plunge! Trust me, your future self will be doing the happy dance in your brand-new condo while sipping on some ice-cold San Miguel.

Main Keyword: Invest in Manila Condos Now
Related Keywords: Real Estate Opportunities, Low Interest Rates, Future Investment, Financial Freedom, Take the Plunge

So, what are you waiting for? Click that “Contact Us” button, fill out that form, or just slide into our DMs. The time for action is NOW. Kaya mo ‘yan!

FAQ: Your Burning Questions About Manila Condos, Answered!

Is pre-selling condo a good investment in the Philippines?

Hell yes, it is! Pre-selling condos offer lower prices and flexible payment terms, making it easier for you to get in on the ground floor—literally. Plus, the value of these properties often appreciates by the time they’re completed, so it’s like hitting the investment jackpot.

Is buying a condo in Manila a good investment?

You bet your sweet bibingka it is! Manila’s real estate market is as hot as a sili labuyo. With its prime location, proximity to business districts, and endless amenities, investing in a Manila condo is like investing in a golden goose—except this one lays bricks instead of eggs.

What is the average price of a condo in Manila?

Prices can vary like the ingredients in a kare-kare, but you can expect to shell out anywhere from 2M to 10M PHP for a decent unit. However, our focus here is on pre-selling condos in Manila under 5M PHP, which are a steal given the potential ROI.

How much money do you need to buy a condo in the Philippines?

Well, that depends on your choice of financing. If you’re going for bank financing, you’ll need at least a 20% down payment. For in-house, it can go up to 30%. And if you’re eyeing the Pag-IBIG route, you’ll need to be an active member with at least 24 months’ worth of contributions. So, start saving those centavos!

What month is the best to buy a condo in the Philippines?

Ah, the golden question! While there’s no hard and fast rule, many experts suggest that the “Ber” months (September to December) are a good time to buy. Developers often roll out promos and discounts during these months, making it the perfect time to snag a deal.

Source: Preselling.com.ph