A Digital Video Recorder (DVR) has always been an essential component of a good CCTV security solution. With the advent of network cameras (IP Cameras) however, the humble DVR has given way to the Network Video Recorder (NVR). Whether you are upgrading from a DVR or dipping your toes into home CCTV, we will guide you all the way.
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Best Cities in Philippines for Real Estate Investing
Let’s go through the top cities in the Philippines for real estate investments. Makatiis the commercial business district of the Philippines. In its cityscape, you’ll see tall skyscrapers housing big banks, multinational companies, major law firms, and everything in between. Makati also houses the Philippine Stock Exchange and the old financial district, as well as Five Star hotels, making it a huge draw for businessmen and tourists alike. Not bad for an area that used to be a former swamp land! Expansion in Makati is primarily skyward, consisting of condominiums and building projects; but it also has an enclave of private subdivisions, where house and lots are big and the prices, even bigger. If you want to invest in Makati, you should be armed with a fat wallet and you should be willing to spend. Taguig is sister city to Makati and is a burgeoning commercial district in its own right. It’s a vibrant city filled with such potential, with multiple new buildings being constructed at almost every other block. Bonifacio Global City (BGC) was a former military base but is now an urban center populated by big companies, tech startups, night markets, football fields – it’s every millennial’s dream. But when investing in Taguig, keep in mind that it also has a huge portion of depressed areas. Property price and demand varies, so be sure to study the vicinity carefully before making an informed purchase. Pasigcalls itself “The Green City”. It’s a diverse area filled with a good mix of businesses, villages, and schools. It used to be a former rural settlement, and is mainly residential and industrial. However, Pasig is increasingly becoming commercial because of the business-driven Ortigas Center, which it shares borders with its neighboring city Mandaluyong. Pasig is also a good jumping point as it serves as a hub to the other cities. When considering investments in Pasig, studying the location and the surrounding vicinity is important. You may want to stay away from its factories or from the Pasig River, which is still being rehabilitated. If there’s a hotspot for shopping, then the Tiger City of Mandaluyongis the place to be. With SM Megamall, Shangri-la Plaza and other shopping districts around the area, it attracts a lot of foot traffic and is easily accessible. It also soars in the business and finance aspect. It houses the Ortigas business district and the Asian Development Bank, which is home to lots of foreign employees and expatriates. You definitely won’t have a shortage of tenants if you’re looking to invest in the Mandaluyong area. Pasayis the airport city of the Philippines. You may not believe it, but ALL of Manila’s airports are conveniently located within Pasay city. It’s a very vibrant city, good for commerce and leisure – with casinos and hotels strewn across the area, and Newport City near the domestic airport. But the drawback of all this good business is that it’s traffic central. However, it’s a good, booming business for those looking to rent or flip condo units. You’re almost guaranteed to have a steady turnover of tenants if you invest in a condo within the airport vicinity. Quezon City is the most populous city in the country, and the largest city in the National Capital Region. It’s home to the country’s top universities such as Ateneo de Manila, University of the Philippines, to name a few. It also has quality hospitals such as St. Luke’s Medical Center, Philippine Heart and Lung Center, among others. And with classy villages like Ayala Heights and La Vista, and condos located at prime lots near schools, it’s a good location for a sound real estate investment. Muntinlupa is a highly urbanized city which is the southernmost city of the National Capital Region. This city is a contradiction, to say the least. It houses the national jail, the New Bilibid Prison, as well as the posh Ayala Alabang Village, one of the country’s wealthiest residential villages. Bordering the Laguna lake, it contains scenic views as well as quaint rolling hills. When investing in Muntinlupa, make sure that you stay away from the jail and stick to the scenic spots so that your property retains its value. Cebu is one of the most developed cities in the Philippines, and a center for trade and tourism in the Visayas region. An interesting mix of urban and beach life, it’s home to many industries such as shipping, furniture-making, BPOs, among others. With a vibrant food scene, lots of tourist attractions, and historical landmarks, no wonder Cebu attracts millions of tourists yearly. It’s best to get a real estate investment in the city to capitalize on this growing area. Davaois the largest city in the Philippines, with an area of 2,443 square kilometers! It has an interesting mix of urban, country, and beach properties, with a variety of activities perfect for tourists. (Mt. Apo, the tallest mountain in the country, is also located in Davao.) It’s a haven for foodies, with fruit exports such as bananas, durian, pineapples and seafood such as yellow fin tuna, milkfish, shrimp, and crab. And as the 3rd most populous city in the country, your real estate investment is in good hands if you situate it near the urban center. Davao: Life is here! Last but not the least is Baguio, the Summer Capital of the Philippines. With its cold climate, pine forests, and picturesque views, it’s a tourist spot for those seeking refuge from the unbearable heat of the city. Especially during summer or the Panagbenga flower festival, tourists number by the millions. That’s why there is a booming hotel and inn industry in Baguio, with over 80 establishments available. If you’re tempted to get a condo unit or a summer home in Baguio, that would certainly be a wise acquisition with lots of potential. Types of Property for Sale There are numerous types of properties and real estate that you can invest in. But strictly speaking, for the purposes of this article let’s narrow down our discussion to the relevant ones. These are: Lots, Houses, and Condominiums. Let’s discuss each one. Lots A vacant lot is a good starting point if you want to build your house (or business) from scratch. Prices are pegged at a per square meter basis. Of course, prime lots near the city command the highest prices, while lots located near the outskirts of town are much more affordable. There are basic tips which you need to look out for when scouting for vacant lots in the Philippines. First, deal only with titled property. It’s a headache to rely only on tax declarations when dealing with untitled lots, because you would need to trace the chain of ownership from previous owners. Next, deal with the actual sellers themselves. Things get really cloudy when the sellers themselves are not the ones named in the title, or if they act through Special Powers of Attorney. Third, verify and check the title on file with the Registry of Deeds. You must check the paperwork diligently, and not just trust the seller at face value. It is important to note that foreigners CANNOT purchase land in the Philippines and have it titled under his own name. Though exceptions apply, (hereditary succession, acquisition by a former natural born Filipino citizen, etc.) it’s best to consult a lawyer if you’re a foreigner seriously considering to purchase property in the Philippines. |
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