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Nov 26 18, 9:41 am

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Some 17 churches and a Hindu temple will be among the places of worship which will be granted legal status in Abu Dhabi. Among the churches which will be legalized is the St. Joseph's Cathedral, which is the UAE's oldest church that dates back to 1965. The move to...

5 Reasons why OFWs should look into purchasing pre-selling condo units

by | Feature, Finance

Nov. 26, 18 | 9:41 am

The top reason why Filipinos go to work abroad is always the money that they can potentially earn that they could get if they continue working in the Philippines. However, when it comes to spending that hard-earned money Overseas Filipino Workers either splurge it on gadgets/fashion items whose value quickly depreciates over time just to enjoy its value at the moment.

According to Hoppler, an online real estate brokerage platform, most OFWs find it hard to even consider investing in real estate as they tend to look at the huge numbers that they need to commit to paying for many years.

However, they also know the fact that owning a home in the Philippines would make them feel more encouraged and add more drive to them to work here abroad.

Here are 5 reasons why pre-selling is becoming a trend for OFWs:

Affordability

Units which undergo pre-selling are definitely more pocket-friendly compared to those which are already ready for occupancy. The low introductory prices help OFWs save money as most are 30-50% cheaper.

Property Value Appreciation

Over time, the value of the property will just rise – and for pre-selling, the price increases the moment that construction already begins within the area. The value increases even further once the community begins further development.

Added Income

Once the property is finished, OFWs can already generate additional income by having the condo rented to other tenants. This would give them a constant stream of money on a monthly basis so that the condo essentially pays for itself already.

Security and Satisfaction

When OFWs buy a property, they feel secured even further and grow to be more confident as they can now proudly say that they have begun investing in themselves as they continue to work abroad. They can now begin to see the fruits of their labour.

Personal Fulfilment

From selecting their preferred location, choosing the size of the unit, looking at the future amenities and many more – each of these help the Filipino expat gain a sense of personal fulfilment that they’re now bonafide homeowners. That after they retire from working after saving enough money – they will have a home to return to as they enjoy their years of retirement together with their family and friends.

The longest-running, most trusted and biggest Philippine investment event in the Middle East region, Philippine Property and Investment Exhibition (PPIE), has helped thousands of OFWs own their very own home. Be part of PPIE 2019 on April 26-27 at the JW Marriott, Deira, Dubai to reach your aspired home. Like @ppieuae on facebook to get tips and alerts on unbeatable deals.

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

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