Condo Ownership, 50 years only?!? Myth or Fact!
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- čas přidán 25. 08. 2024
- #condo50yearsonly #condoownership #smdc
Condo Ownership last for 50 years only?!? Myth or Fact!
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this was very helpful. thank you Sir Will. as a person with fears of getting scammed, this information give a confidence to purchase my new condo.
F the rule of 50 yrs is REALLY FOR condo corporation and NOT for the buildng ay DAPT SEPAR8 ang demolition ng Buildng structure, pero BASAHN nyo sa google, ang buildng is ONLY 50 yrs, kaht na LIVABLE pa ay ONLY 50 yrs ang buildng,
Very informative. Regarding sa question mo na after 50yrs is if napakinabangan na, ofcourse yes. Madalasang nacocompare lang kasi sa pagpurchase ng typical na house and lot na pede maipamana ang lupa, generation to generstion. :)
Whether house and lot o condominium, wala pong assurance na gugustuhin ng descendants manahin yung property kasi may kanya kanya tayong gustong lokasiyon tirhan. Halimbawa, yung isang kliyente ko po, binenta house and lot nila kasi hindi rin maalagan at matitirhan ng anak nila dahil nangibang bansa po.
As s civil engr building with a age of more than 50 yrs is unsafe structure. So for me it is imposible na kaya pa ng structure na mag operate ng another 25 yrs. Concrete and steel bars will never be as it is before. For technicals reasoning, we computed the strenght of the building depends on what is the specs of materials to withstand againts wind pressure and earthquake force. For example we design this for 8000 psi concrete but after 50 yrs the strenght of concrte will not be same as 8000 psi.
So it not recommend to operate after 50 yrs.
So great reasoning, as a civil engineer, what is the standard of the government requirement for the condos in terms of "psi". I am sure every country must have a regularity body governing the standards.
Agree,
building code
well said sir... naliwanagan din ako about sa 50 years... God bless po
Thank you for your comment. Please like our video and subscribe to our youtube channel!❤😀
I also had concerns with the "50 years" and finally it's all clear to me now. I guess the only downside with this is that what if after 50 years the owner wants to give his unit to his children/grandchildren as inheritance? But majority of the owners opt to have it sold. Hence, you are left with no choice but to just recieve a part of the monetary value of the land.
Did I make a valid point?
Yes your right.
The proceeds of the sale will be high if ever the location is good so when purchasing a condominium, location is a very important consideration. Also, if you want to bequeath your property to your heirs, it’s better to donate it to them while you’re still alive because they might not be financially prepared to pay the estate taxes 😊
Very informative. Thank you and more power😊!!
Thank you for this Sir! Bago Lng Kmi na nagAvail ng condo.. Mataas ang MA so sometimes I'm wondering kung tama ba ang decision ko .. 😅
Thank you for your support on the channel!
Again. Another question answered. Thank u again🙂.
Oo hindi ka nga buhay pero may mga mga familia kang maiiwan sa mga pinaghirapan mo
Is it more than 30% of votes from unit owners on what to decide about the status of the property? Tanx
New subscriber po😊
I've been watching your videos this past few days. Very informative kaya ngsubscribe na rin ako.
Thank you
Our building is still being managed by the builders for the last 20 years and been collecting the HOA dues but barely putting the money back to maintain and repair the building. Do you think they are intentionally keeping the money so they can get their land back after 50 years and use the HOA money to rebuild? Thank you.
I think that's illegal basing from the contract you have signed with the management
@@neth2175 I sent a complaint letter to SEC. we’ll see if they’ll reply. Wish us luck.
Nice Vlog, sir question, totoo ba na hiwalay ang Taxation ng LupA ng Condo sa tax ng Condo Unit?
Sabi mo after 50 yrs ay magkalarun ng VOTING kung magdagdag ba ng 25 yrs or 50 yrs, etc, If thats TRUE ay BAKT WALNG condo buildng ang nag exist sa Pinas ng More than 50 yrs??? 55 yrs up?
Bkit po lht ng owners ang mghati hati ?
Hahaha natawa ako dun sa huling sinabi nyo sir will after 50yrs buhay pa kaya tau nun😂👍true namn ung ibang may ari ng condo benta tlga ung first option,iilan lng sa mga may ari ung matatag.
🙂😊 Thank you for your insights.
Hndi nga po sure kung buhay p that time pro mdyo alanganin n maipamana in the future unlike s house&lot wla ng botohan etc.
Hello question lang po. Regarding po sa shares ng unit owner if ever mabenta yung lot ng developer ang makukuha po ba ng share ng unit owner is value of lot per sqm x unit sqm... For example 20,000 (lot value) x 30sqm?
Sir, if nagapareserve ako nang unit tapos 2 days later gusto ko ichange ang unit pwede ba yun? Wala pa akong formal docs like CTS.
Yes pwede pa.
Kaht 10 yrs, 20 yrs o aabot ng 50 yrs ay pede mo ipaMana sa mga anak mo,sa mga anak nla,etc, ung condo bnuy mo, dahl hal FOREVER na ung buildng, hndi dahl sa nakinabng kna at nawala kna ay OK lng mawala ung condo, kya nga MANY WALNG GANA bumili ng condo sa Pinas, dahl sa 50 yrs RULES na yan, DAPT ALISIN na yan, lalu na npakaMahal sobra ng condo sa Pinas, kumpara sa Thailand na Sobrang mura ng condo nla na tapus MODERN pa. wala clang 50 yrs rule na yan, sa Malaysia mura dn ng condo, kya npakaMahl ng condo sa Pinas dahl AYAW lakihan ung Metropolis Manila, kac sa MALIIT ng lote un lng gnagawang Modernize, ang POPULATION ng Metro Manila ay 14.7+ milyon na LAND SIZE ay 636 km² lng, ang populatiin ng Metro bangkok ay 14.6 milyon, ang LAND AREA ay 7,762 km², Nakta mo DIFERENCES, masyado MALAKI ang SUPPLY ng lote ng Metro bangkok, kya npakamura ng condo nla, ang 120 sqm na LUXURY condo nla sa heart ng Metro Bangkok ay 9,500,000 lng fully furnished pa, kung iconvert sa Peso ay 1.57 o P14,930,885 lng. pero sa Pinas sa ganun condo na 120 sqm sa Metro Manila ay P30M-P50M, depende sa City at sa area ng city,
Thank you for this! 😀
Very informative. Kudos!
Thanks for the info sir
new subscriber po here
Great info, Kuya
Thank u for the information..ngayon alam ko na hehehe
Welcome 🙂
Sir.. paano po ibenta ang unit mo sa another buyer if you want to solve anong mga bagay or papers na kailangan
Answer : hire a lawyer
Thanks for sharing this video .
🙂
so kung Hindi na ako ang original buyer, wala na akong share kapag binenta yung unit?
Oo naman sir kasi binenta mo na yung property- wala kang obligasyon dun na maghanol dahil bayad ka na ni new buyer
statistically po, ilang years po ang lifetime ng condo?
I think max is 75 to 80 yrs depende sa building maintenance..
50 yrs lang po accrd sa discussion namin sa engineering
English please ☺️
building code
Very impormative
❤️❤️❤️
BAKT nided yang 50 yrs RULES sa Condo ng Pinas????????? PALUSOT lng yang 50 yrs ay para sa Condo corporation, pero ang REALITY ay demolition ng buildng yan,
hay ang gwapo. hello po
Hello sir, ask ko lng if may Extension po this month and mga due dates gwa ng ecq?
Yes there is extension.
very informative.
Done watching condo owner
Sir what happen if the owner of the property will die just in case?
It can be inherit. Its the same ng lot or house and lot na pwede ipamana.
Pag namatay po yung owner, paghahati hatian ng heirs yung property pero bago malipat sa pangalan nila yung title (o mamana), kailangang bayaran ang estate tax.
This is also my question and I'm aware na may real state tax before ma claim ang inheritance. What if the tax is sobrang laki, possible bang macover ung babayaran ng insurance or can we apply an isurance just in case. Thank you
@@OwnPropertyPHwhat if po nakapangalan na sa heirs yung condo upon purchase 2 kaming magkapatid- bale 3 kami na nakapangalan sa propert two heirs and si father - need pa magbayad estate tax or in case na mawala si father- tapos kami na lang dalawa- wala kaming magkapatid na babayaran na estate tax- after mawala si father- if we plan to keep the condo property intact-still kaming dalawa co-owned
hindi yan pwede maipamana😂
Hello, new subscriber here.😊
What is the average HOA fee for a condo unit?
Our building is 20 years old. I’m paying 2500Php for HOA dues, but the builders are not using the money for repairs and maintenance. We are being scammed and can’t do anything about it. Be careful about buying condos.
Depende po. Iba iba Ang HOA dues dahil iba iba din ung needs ng condo like maintenance, manpower, amenities And etc...
if there is an earthquake, it will crush the condo then the space is gone.
With the building technology right now.. I hope 🤞 it will not happen.. Most of the condos now being built with the highest standard of construction. And being SMDC, a big developer, we are committed in delivering quality homes 🙂
yup this is right. condo constructions adheres to current structural standards
Pero what if nga, ano kayang pwedeng mangyari?