While moving out of your parents’ home at the age of 18 is a rite of passage in many Western countries, the same can’t be said of the average Filipino, who, far too often, needs to be dragged kicking and screaming out from the roof he grew up under. Of course, nothing lasts forever, and one day, whether you like it or not, it’ll be your turn to make a giant leap into the world.
Thankfully, the traditional house-and-lot model is no longer the end-all, be-all of home ownership that it once was. Indeed, all over Mega Manila, you can see them, erections of glass and steel designed to entice those who would enter them. They are condos—the homes of the future—and they are everywhere. As more Filipinos than ever before choose to go vertical in their living spaces, we picked the brain of licensed real estate broker Ryan See to ask him about the types of people who buy condos.
Some of what we learned wasn’t all that surprising, as we found that the majority of condo dwellers purchase their units with an eye towards factors such as location and value for money. What did surprise us, however, was how drastically a condo’s value can change from the day it’s announced to the day it’s actually ready for occupancy.
Here’s FHM’s cheat sheet to the five faces of Philippine Condo Buyers, and what they can expect.
This story was originally published in the December 2017 issue of FHM Philippines. For more on this FHM exclusive, grab a copy of the magazine.
Minor edits were made by the FHM.com.ph editors.