Php 750K Avida Makati Studio Condo! Assume Balance

Hi, this is an Assume Balance transaction. We will transfer the Contract-to-Sell from my name to your name.

The details are below:

Area: 23.2 sqm Studio Unit

Completion of Condo: Nov 2020

Turn-over: Feb 2021

Price: 750K, The new owner will take over monthly of ~16.8K from March 2020 until September 2020 and also need to pay 3.2M to Avida on Oct 2020 (cash or bank finance).

Buyer Profile: Local or Foreign Buyer.

Why would you want to buy this?

Think of it as me giving you a 0% 2-year loan. If you are looking for a primary residence, this price is below the market. Current market prices are 4.4M and above, not including CGT of 6%. There are no more inventory units in this bldg. for Studio units. On top, of that, published prices for this unit are 5.1M!! If you are also looking to flip this unit, there is plenty of time to do it since turn-over is Feb 2021 and the price will surely increase once it is completed in Nov 2020.

Landmarks:

The Rise Condominium - 7 minute walk

Makati Medical Center - 800m
National Shrine of the Sacred Heart - 1km
Makati CBD - 1km
Ayala Center (Greenbelt, Glorietta) - 1.9km
Ayala Triangle Gardens - 2km

Reason for Selling: I am leaving the country and don't need the unit anymore.