Euro Chocozone Buyer

Fast selling as well. Just read that DMCI latest project Brixton is almost 60pct sold out, -- and it was just launched last month I believe. http://www.skyscrapercity.com/showthread.php?t=1739427&page=12 What I further like about DMCI is the composition of the units in the building, as in most DMCI buildings there is about 50pct 1BR and 50pct 2BR (and some 3Br units), this is much better than 80-90 studio units which you see in many SMDC and other developer's projects. So DMCI rentals are probably much more long term. When I visited DMCI Flair's building two years ago, I also saw many foreigners -- it is unclear whether these people are tenants or owners, but I saw many foreigners in that building. On a side note, the Philippine Stock exchange (has?) or is going to move its headquarters to BGC. Do you think that BGC will overtake Makati s land price in value? And while you are talking about MAKATIprime wouldn't BGCprime be a better name? Makati has a chance to become an Ortigas, IMHO. Makati's land price to stabilize, but BGC and Ortigas still have growth - that's what I believe. The biggest reason why people invest in Makati is because the stock exchange is there, -- and it tends to be associated with very wealthy people and Makati is going to lose that advantage... What's your toughts about this?

Hi Can anyone explain here why DMCI is able to deliver some of their buildings completely finished 1 year ahead of sheduled completion date??? And why are Federal Land Veritown fort, some/most of Ayala Lands projects delayed 1,5 to 2 years? And the latter developers receive far more funding from their buildings (120K, 150K per square meter), instead of "poor" DMCI (50K to 60K per square meter). This is a 3 Year difference between the "good" developer and the "bad" developer. I hope you all agree that late deliveries adds to your cost of acquisition (like 3 to 5pct opportunity cost) The bad developers receive far more funding, and should be able to outbid the good construction workers from DMCI, yet they come up with all kind of fabricated stories about "workers shortages" and the like. http://www.skyscrapercity.com/showthread.php?t=1561079&page=32 I kind of like DMCI in a way that they do not increase their selling price too much, even though it is obvious that their price seems to be below market price as most of their units in the better locations seem to be sold out at least 2 years before completion date, which points to undervaluation, and I have no doubt that upon completion a 2BR "luxury" 67SQM end unit can easily fetch 5M+ in bids. In any case this 1 year difference is a gift and lowers the already low acquisition cost even more. Please tell me how you can go wrong on this? http://www.skyscrapercity.com/showthread.php?t=1188953&page=266 One (Singaporean??) individual rents his 2BR end deluxe unit at about PHP20K per month, so that is a PHP250,000 gift that you get with early delivery. That can already pay half of the 12pct VAT tax. Just my thoughts... with this developer I can worry less about the supply glut.

Ortigas is still rising http://kmcmaggroup.com/blog/2016/7/5/ortigas-office-market-update/ It appears that you bought in the wrong district, as Ortigas had relalively low new supply and rents are still rising there.

Do yourself a favor... Hi I know you look at those charts and those elliot wave counts to predict stock prices of Real Estate developers and Home Builders, but I try to apply fundamental analysis to real estate investing -- it is the buyer/dier model -- and this model is pointing down for the next 4-5 decades in the USA. Admitted it is not negative like it will be for most of Europe which will have a much bigger real estate crisis, but --- unless I see a mass migration into the USA --- I think property will stay sideways and not appreciate much in value. I was not surprised by the low growth announcement last friday. Tax receipts were already declining, we knew that and that indicates that income is declining rapidly.... So how in the world can you expect rent to rise and jobs to be there. Maybe government jobs??? I only look at private sector jobs... Most jobs are in healthcare now and restaurants/leisure which is where most of USA residents spending is concentrated in btw. And healthcare does not add to GPD according to Andy Hoffman. Stratfor predicts Mexico will become one of the worlds 5 biggest economies in the next 20 years, so i believe the real appreciation in values will be in the south of USA, and south of the border. Yes Trump is a fool. That's what Harry Dent told. If he repatriates all illegal immigrants, it will be enough to cause a depression in USA. And haven't you read about the problems of Detroit, where I believe property taxes were raised 300 to 500pct to bridge the pension gap. It is better to anticipate such moves than to become victim of it, because once it is done you won't be able to sell at a reasonable price and the one percent -- and you're likely one of them -- they are going to be hard hit. So that s all that I can tell you. Do yourself a favor. Sell and run for your life.

I am sorry for my previous post, something went wrong. It all depends on the direction of interest rates. USA GPD Growth was revised down significantly last friday, so if lower rates spill over into PH, and interest rates drop a further 2-3 pct then affordability rises and more people will be able to buy those units. So all units will get filled, there won't be any ghost cities and all your worries will disappear.

Hi If I were to invest in USA -- and I won't be -- I would only invest in the southern states as they have the highest population growth. America's caucasian demographics are as bad as Germany. USA as the only developed country has the advantage of an influx of Latino's and Filipinos which cause the 25-65year old group to grow by about 20pct in the next thirty years, instead of -30pct in Russia, -20pct Germany -30pct in Japan.... so if I were to invest I would only do it in the "rich south" and not in the "poor north". In fact Stratfors founder already hinted at the independence of the southern spanish speaking states because from 2050s on Spanish will be spoken by more Americans than English, -- and I only invest where I see population growth. So USA will face the same problem as Europe in the long term. I don't believe the rich south is going to finance/subsidize the lifestyle of the "poor north". In my book Philadelhia's long term growth prospects are not that great, but I must admit, I can be wrong on this.... The yield is good, I hope you can continue to get it... Then I never look at the yield... I always look at the growth rate of yields, and dividends, and wages and so on.

Hi You have a good website. I just think they are going to underestimate the growth of Manila. I mean -- the city is growing at a rate of 28 new entrants every hour, so that"s about 250K new inhabitants every year, and i feel this is too conservative, because other waves are coming: the large number of tourists which will grow spectacularly in the years ahead -- baby boomers after age 53 (car sales peak), their main expenditure is travel and leisure -- , the huge number of economic immigrants that will inevitably enter PH, and the overseas Filipinos who will return because of economic conditions which are deteriorating in their host country, so my guess is that they should be plan for 350K new entrants in MM every year, not the 250K. I believe MM is the fastest growing metropolis in Asia, so they have to plan ahead.