Condo buyers reap benefits of purchasing pre-selling units
One of the benefits of buying a pre-selling condominium unit is getting a higher return on investment (ROI) as the property increases in value over time.
Buyers of DMCI Homes’ Brixton Place development along Brixton Street corner Fairlane Street and West Capitol Drive in Kapitolyo, Pasig in fact have netted as much as over P3 million in ROI as of January 2019 with the capital yield of the two-tower project having doubled just two years after the property was put on the market in June 2016.
Marketing communications consultant Kit Trajano for one is elated to see her investment growing in value even though she meant it as a graduation gift for her son.
Trajano got her 2-bedroom unit in the resort-inspired development for P3.4 million in August 2016, P3.4 million lower than its P6.8 million price tag as of January 2019.
Per Trajano, “In just three years, my unit’s value doubled. It was an unexpected, but very pleasant, surprise!”
Meanwhile, Kate Pineda who also bought a 2-bedroom unit in the 9,618 square meter (sq.m) development, is happy that she made the right choice in investing in the property industry instead of trading in the stock market.
Pineda’s unit at Brixton Place is her second condo investment after buying a 1-bedroom unit at another DMCI Homes project, Lumiere Residences in Pasig Boulevard, Pasig City.
Her unit in Brixton Place is valued at P6.6 million value as of January 2019, P3.2 million higher than its original price of P3.4 million in July 2016.
“I am very happy that my investment has grown its value over the past years. I feel like I made the right choice when I bought the unit,” shared Pineda who has always wanted to live in the Kapitolyo area that is known for its renowned hole-in-the-wall restaurants and interesting art galleries.
Composed of the 45-residential level high towers Brent and Weston, the sold-out project instantly became a hit among end-users and investors because of its excellent location near business centers, malls, prestigious schools, medical institutions and transportation hubs.
“Location is my top reason for choosing Brixton. I’ve always liked the vicinity of Kapitolyo and when I learned that there’s an upcoming project in Kapitolyo, I didn’t think twice in purchasing a unit,” revealed Pineda who works as a client service manager in a media research firm.