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Apr 21, 2017

Why Rental Yield is Important When Buying or Selling a Property

What makes a condo, townhouse, or house and lot for sale in the Philippines a good investment? One might think that buying a property in a prime location like MakatiTaguig or Ortigas (Pasig), automatically equates to a good investment. Any real estate broker or agent will often tell you that the best property investment highly depends on the property’s rental yield. Having knowledge of rental yields will give you a good idea of how quickly you can recover or make profit from the money you’ll invest
.

How to calculate rental yield

By definition, rental yield is how much rental income a property produces each year compared to its total value. The formula is as follows:
Gross Rental Yield = (Monthly Rent * 12 / Property Cost ) * 100
The property cost should factor in the property purchase price, along with additional costs like Stamp Duty, Brokerage Fees & Renovation or Maintenance Costs.

Higher rental yields mean better investments

Once you have the rental yield for the property you want, it’s time to compare. Most people only look at affordability or location as points of comparison without thinking too much about the return. It’s a sound approach, since properties are assets that appreciate through time. On the other hand, a more serious investor would want to compare properties by their rental yields to get a better idea of how much time it would take to get the best returns out of their investment.

A comparison of rental yields in Metro Manila

The Data Science Team at ZipMatch took a look at a year’s worth of data from 75,000 Metro Manila properties for for sale and for rentlisted on its site. Out of this data, they were able to get the average rental yield for each city in Metro Manila.

This heatmap shows the best cities to invest in based on rental yield. It is important to note that at a rate of 6.51% to 7.98%, Metro Manila’s rental yields are impressive compared to the 4.2% average gross rental yield in the Asian region.
It is evident that most cities with the highest rental yields are located in the western and southern part of Metro Manila–ManilaPasayParañaque and Las Piñas. Over the past year, these cities near the coastal area of Manila Bay have surprisingly outranked the more popular business districts like Pasig, Makati, and Taguig. Besides the fact that popular tourist attractions can be found here such as the SM Mall of Asia, Solaire Resort and Casino, and the City of Dreams Manila, a newly constructed SkyWay exit has largely contributed to the massive growth of new condo developments. This accessibility has also added interest in Las Piñas as an affordable residential option for young professionals working in Metro Manila’s CBDs.
Below is a table of the average property price and average monthly rent of cities in Metro Manila with the best rental yields.

It’s interesting to note that costlier cities like Taguig and Makati provide lesser rate of rental return compared to more affordable locations. For example, when choosing between a studio unit in Makati priced at Php 4.5M and a studio unit in Manila priced at Php 2.8M, one might initially think that the former has better investment potential than the latter. By looking at rental prices for both cities–Makati at Php 28,000 and Manila at Php 20,500, it is safe to conclude that a Manila property will provide better return on investment.
Parañaque, leads the rankings with the highest rental yield of 7.98%. It also ranks as the second most affordable city to buy property, at an average sale price of Php 1.65M for a studio unit and Php 3.4M for a 1BR. The city has a total land area of 47.28 square kilometers, and is widely known for being home to Baclaran, the Ninoy Aquino International Airport, and BF Homes Parañaque–known as the biggest subdivision in Asia.

Conclusion

These cases demonstrate that affordability or location might provide answers on which properties would best fit a buyer’s present needs, but being well-informed of various rental yields can certainly help in coming up with a more confident decision when investing on a property.
Contributor: 

ZipMatch The belief that Filipinos can own their dream home inspired us to innovate the real estate industry in the Philippines and make buying and selling of properties faster and easier.

ZipMatch offer information on real estate trends, investment advice, and personalized service by a network of top industry professionals, all with the easy convenience of online shopping—everything you want and need, and nothing you can’t understand, all at the click of a button.

They aid you through the homehunting process from start to finish: meticulous, client-specific guidance from the initial search (whether through our comprehensive online database or via a phone-in or email inquiry) to follow-up consultations and meetings down to all final decisions are facilitated with the help of our in-house real estate experts.

Jan 22, 2017

Ten Philippine Cities to watch this 2017



There is more to the Philippines than the typically well-known Metro Manila cities, and in 2017, it will be more evident in the continued development of these cities to watch, compiled by Lamudi Philippines

With sustained progress in the real estate industry backed by an overall economy that various financial institutions predict to grow between 6 to almost 7 percent in 2017, many places in the Philippines are becoming increasingly ideal to live and/or invest in.

Whichever reason to move: a fresh start, exploring new career and business opportunities, or a growing a family, ten of these places in the country, compiled by global real estate website Lamudi Philippines, stand out, and are worth your consideration for this year, and even beyond.

6. Lapu-Lapu City



Secondary cities continue to be in demand due to their proximity to capital or major cities while remaining relatively more affordable. In the Visayas, one such place is Lapu-Lapu City, a popular alternative to costlier Cebu City. In 2016, two-bedroom houses for sale in Lapu-Lapu City listed on Lamudi averaged Php2.295 million.

While having always had tourist opportunities due to the presence of the Mactan-Cebu International Airport and its different natural and historical attractions, local real estate stock in Lapu-Lapu looks to also increase soon, with projects like Megaworld’s Mactan Newtown, Sta. Lucia’s Arterra Bayfront Residences, and Futura Homes – Mactan by Filinvest Land. The Philippine Reclamation Authority is also set to start its Mactan North Reclamation and Development project.

7. Mandaue City



There may be no better alternative for accommodations and real estate to Cebu City than Mandaue City. The latter is located at the former’s immediate northeast, and is the ideal location for home-seekers that want to invest on a home near the Visayas capital as opposed to renting a more expensive house in Cebu City itself. On Lamudi, two-bedroom houses for sale in Mandaue average Php2.631 million.

New developments continues to enter the city, as homegrown developer Iron Wood Property Ventures topped off its Northstar condominium project at the end of 2016, while firms like PrimaryHomes, Inc. have gone on record to say they are exploring Mandaue as a location for future projects. Echoing the sentiment, Colliers said it expects condominiums in the affordable segment to rise in the city.

8. Dasmariñas



With declining developable land and increasing property costs in Metro Manila, neighboring CALABARZON continues to see an increase in real estate demand, particularly from buyers foregoing starter homes for long-term properties. Seemingly one of the most viable areas in the region is Dasmariñas which, based on Lamudi’s listings data, has some of the most affordable average prices for houses for sale among CALABARZON and Metro Manila cities in 2016.

At Php2.1 million, houses with two bedrooms or more remain reasonably priced in Dasmariñas. It seems the city also offers the most options, averaging the most listings (415 per month) for multiple-bedroom homes for sale in CALABARZON. This stock will likely be furthered via upcoming projects like Sta. Lucia’s Mesilo, 150-hectare first class development, and Alveo Land’s Ardia, a prime residential subdivision set between Dasmarinas and Imus.

9. General Trias



While Dasmariñas can be deemed the option in CALABARZON for mid-priced and mid-sized residences, General Trias is seemingly the place for more modest properties. This Cavite municipality has one of the lowest average selling prices for smaller houses (at most two bedrooms) at Php833,992. Based on 2016 Lamudi data, General Trias on average has 70 such properties—two bedrooms or smaller—listed on the website in a given month.

General Trias has become a go-to location for developers and their innovative takes on affordable housing, with developers like BellaVita (an Ayala Land subsidiary) and Suntrust Properties (a subsidiary of Megaworld Corp.) having established such projects in the city. General Trias is not limited to the affordable housing market, however, as diverse projects like the 140-hectare Maple Grove, the 21st township project by Megaworld, will also soon be established in the city.

10. Davao City



Seemingly a result of the elections win of now-President Rodrigo Duterte, whom the Davao City Investment Promotions Center deems the “the perfect marketing ambassador for the city’s investment and tourism potentials,” Davao City has seen a surge of investments come from local and international parties. The Board of Investments (BOI)–Southern Mindanao affirmed this, reporting Php2.5 billion total BOI applications approved and registered from January to October of 2016 were poured into the city.

While increased awareness comes increased interest in Davao that will likely result in more investments in 2017, prices for homes for sale in the city for now have remained favorable, with two-bedroom houses listed on Lamudi for an average of around Php2.5 million in 2016.


ABOUT LAMUDI
Lamudi is a leading global property portal focusing exclusively on emerging markets. It offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. Lamudi was established in 2013 in Berlin, Germany and it is currently available in Latin America (Mexico, Colombia and Peru), Asia (Philippines, Bangladesh, Indonesia, Myanmar, Pakistan, Sri Lanka) and Middle East (Jordan, Qatar, Saudi Arabia, United Arab Emirates). Within fewer than three years, Lamudi has established its presence as a key online real estate marketplace in the countries where it is operating. For more information, visit Lamudi Philippines on Facebook, Twitter, Google+, LinkedIn, and Instagram.

ABOUT MYPROPERTY
Established in September 2010, MyProperty.ph is one of the leading Philippine real estate online and print brand that brings property buyers and sellers together. The website’s main offerings are listings of pre-selling properties and properties for sale and for rent. Both website and magazine also provide relevant and updated industry news and information for its clients and consumers. And with the release of its mobile version, finding or selling a home is made even easier. For more information, visit MyProperty on Facebook, Twitter, Google+, and Instagram.

Ten Philippine Cities to watch this 2017



There is more to the Philippines than the typically well-known Metro Manila cities, and in 2017, it will be more evident in the continued development of these cities to watch, compiled by Lamudi Philippines

With sustained progress in the real estate industry backed by an overall economy that various financial institutions predict to grow between 6 to almost 7 percent in 2017, many places in the Philippines are becoming increasingly ideal to live and/or invest in.

Whichever reason to move: a fresh start, exploring new career and business opportunities, or a growing a family, ten of these places in the country, compiled by global real estate website Lamudi Philippines, stand out, and are worth your consideration for this year, and even beyond.

1. Cebu City



Ranked seventh by strategic advisory firm Tholons among best outsourcing destinations in the world due to the quality of workforce and tertiary education; relatively cheaper business cost; infrastructure network; and quality of life, Cebu is also a city to watch thanks to its considerable proximity to several of the Philippine’s best tropical destinations and affordable secondary cities.

It ranked sixth most competitive based on the National Competitiveness Council’s (NCC) survey, which measures local government units desirability based on economic dynamism, government efficiency, and infrastructure. Cebu City’s property listings on Lamudi for 2016 averaged 2,900 per month, only behind Makati (5,680), Quezon City (5,560), and Taguig (3,400). Upcoming real estate projects likes Solinea and Gatewalk Central (both by Ayala Land) and Cebu Exchange (Arthaland) are likely to boost inventory in the future.

2. Las Piñas



While Metro Manila’s current real estate market seemingly favors condo-seekers the most, Las Piñas remains a good option for buyers in search of houses. The city’s inventory of houses in 2016 averaged 680 per month, the third highest number in Metro Manila after Quezon City (2,800) and Makati (930), and the average price of two-bedroom houses in the city was Php2.8 million, compared to Php3.68 million in Quezon City.

While the city stands out among most of its Metro Manila neighbors in terms of availability of mid-priced residences, property values in Las Piñas may soon catch up as a result of major developments taking place in the city. Projects in Las Piñas include Alabang West, a mixed-use development by Megaworld featuring a Beverly Hills-themed lifestyle concept, and a yet-to-be-named 3.4-hectare property owned and being developed by 8990 Holdings Inc.

3. Iloilo City



While not as gaudy in name as Cebu or Manila, Iloilo City has grown to rival the two in overall livability. A regional center for academic excellence, it is home to about 30 colleges and universities that produce an estimated 15,000 graduates each year. Its well-educated workforce has contributed in the city jumping four spots to 91 in Tholons’ survey of best outsourcing destinations in the world.

According to real estate services firm Colliers International, this is driving demand for office space and worker accommodations, while the increase of workers’ disposable incomes, combined with the influx of tourists, continue to attract major retailers. Seemingly in time for property investors are the rise of several developments in Iloilo, led by the continued expansion of Megaworld’s Iloilo Business Park, and the initial establishment of Ayala Land’s Atria Park District.

4. Cagayan de Oro



Real estate pundits are seemingly in agreement that apart from supply and demand, property developers are now looking at local assets, such as tourism, as another facet to consider in expansion. This may be most evident in Cagayan de Oro, a city well known for its natural and historical attractions, now in being the midst of several development launches and project turnovers. Lamudi saw residential listings in CDO lessen toward the end of 2016, indicative of the increased occupancy in the city.

According to local business monitor CDODev, key commercial projects scheduled to open in 2017 are the SM CDO Downtown Premier, which will be the second SM mall in CDO, the Seven Seas Waterpark and Resort, and a CityMall in Bulua. The Bonbon area will see a new community fish port scheduled to open later in the year, while the city proper will see the continued progress of projects like Avida’s Aspire Tower, Camella’s The Loop at Limketkai, and Cebu Landmasters’ MesaVerte Residences.

5. Bacolod City



A constant in surveys naming the best places to live in the Philippines, Bacolod is becoming additionally notable for a growing business process outsourcing (BPO) and knowledge processing outsourcing (KPO) industries, which continue to attract businesses to the city. The IT Council and the Bacolod City Government predict the industry’s current 24,000 full-time outsourcing employees to rise to 60,000 by 2022.

This has played a hand in local retail and residential growth, evidenced by upcoming developments such as Capitol Central by Ayala Land, Northill Town Center and Upper East Township by Megaworld, and CityMall Goldenfield by DoubleDragon. If looking for investment properties, Colliers recommends worker accommodations such as studio and one-bedroom apartments. Availability for these is presently limited, as evidenced by the number of modest listings for such spaces on Lamudi in 2016.



ABOUT LAMUDI
Lamudi is a leading global property portal focusing exclusively on emerging markets. It offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. Lamudi was established in 2013 in Berlin, Germany and it is currently available in Latin America (Mexico, Colombia and Peru), Asia (Philippines, Bangladesh, Indonesia, Myanmar, Pakistan, Sri Lanka) and Middle East (Jordan, Qatar, Saudi Arabia, United Arab Emirates). Within fewer than three years, Lamudi has established its presence as a key online real estate marketplace in the countries where it is operating. For more information, visit Lamudi Philippines on Facebook, Twitter, Google+, LinkedIn, and Instagram.

ABOUT MYPROPERTY
Established in September 2010, MyProperty.ph is one of the leading Philippine real estate online and print brand that brings property buyers and sellers together. The website’s main offerings are listings of pre-selling properties and properties for sale and for rent. Both website and magazine also provide relevant and updated industry news and information for its clients and consumers. And with the release of its mobile version, finding or selling a home is made even easier. For more information, visit MyProperty on Facebook, Twitter, Google+, and Instagram.

Jun 16, 2016

Investing 101: Investment Types and How They Work For You


This article is first published at http://blog.pawnhero.ph/investing-101-investment-types-and-how-they-work-for-you/

There was a time when Filipinos viewed investing as something that was only for the wealthy. Buying stocks, trading, or buying and selling were activities thought of as something only the foreign nationals living here did. In recent times, however, more Filipinos have become more open to investing. PawnHero looks at different kinds of investments and how you can maximize what you get from them.

Filipinos took great pride in these investments because now they can call themselves entrepreneurs and business owners instead of just being plain workers. Many years after, small investments became the name of the game with the arrival of multi-level marketing companies.

Networking and Investing

Popularly known as “networking,” this type of investment enticed young people, as well as those who were easily lured by the promise of easy cash and significant returns. Alas, only a handful do succeed, and many feel that they have just thrown away the money they invested.

Truth be told, the world of investment does not operate in such a simplistic way. If you really want to learn how to invest, take a look at these investment types and see which one is best suited for you.

Let’s break them down into three main categories namely ownership type, lending, and cash equivalents.

Ownership

Ownership investments are things that you buy as an asset, which are kept with an expectation that they will increase in value. This is the broadest investment category because it includes investing in different things for profit or resale purposes.
  • Stocks – Filipinos are becoming more interested in trading in the stock market. Ordinary folks are now buying stocks from large companies, and trading and selling them for profit. You don’t need a big investment to start here, as even a few thousand pesos will do. This is the reason why even college students are able to try investing in stocks. You also don’t have to be very knowledgeable about it since there are financial advisers whom you can turn to for advice.
  • Real Estate – This is for people with large sums of money to spend. Buying land, houses and lots, or condo units is a lucrative trade, but you would need a large capital for it. Also, you must be very patient because selling pieces of property takes longer than say, jewelry or appliances.
  • Precious metals, Art, Collectibles – You may not realize it, but the “buy and sell” business falls under this category too. Some people buy jewelry and sell them at a markup, well this is like that but on a couple of levels higher. Gold, silver, diamonds and precious art are bought and sold to interest parties. Investment is also big here, but very rewarding.
  • Business – Opening a company selling a product or service is always a good way to invest.

Lending Investments

Lending Investments is also a good way to earn returns, and you won’t have to wait that long to get your money back. This is a low-risk and low-reward investment that includes bonds, certificates of deposits, and other types of loans.

Here, the investment is purely cash, and there are no items or physical products that are bought or sold. Because of the lack of something physical that needs to be maintained, the expenses with this type of investment are negligible. Just be careful of who you lend to and make sure that you protect yourself.

Cash Equivalents

Cash equivalent investments are also low risk and little return. These include treasury bills, bank notes, corporate commercial papers, and more money market instruments. One important thing to note is that this is actually a relatively secure type of investment especially if you go for those backed by the government. Not a lot of people go into this kind of investment here in the Philippines though.

Filipinos would rather go with ownership and lending investments because they can immediately see, or at least project, how much they will be making. While the little return might put you off, it’s certainly higher than what most banks offer. This makes for a great alternative to a purely passive savings account.

As with any investment, there are highs and lows. In case you need extra cash to top up your capital for your online store or food business, don’t hesitate to check out PawnHero, the first online pawnshop in the Philippines. They accept appliances, gadgets, and other items allowing you to meet your short-term cash necessities right at the comfort of your home!

Contributor:

PawnHero – the 1st online pawnshop in Southeast Asia, will solve this problem of expensive credit and interest rates. We provide an easy, fair and convenient way of overcoming short-term cash needs. This is a completely new way of doing business in the industry, truly revolutionary, created by genuine visionaries.

May 6, 2016

Properties the Presidential Candidates’ Money Could Buy



Looking at the 2016 presidential candidates’ personal net worth is a good way to understand how they manage their wealth, and how they might manage the Philippine economy should they get elected

There are only days left before the 2016 presidential elections, yet many voters continue to look for additional information regarding the candidates. While not the be-all-and-end-all in selecting the next national leader, their net worth is a good indicator of how they manage their personal wealth, and how that possibly translates into their ability to lead the growth of the Philippine economy should they get elected.

To that end, we list the individual net worth of Vice President Jejomar Binay, former Interior Secretary Mar Roxas, Davao City Mayor Rodrigo Duterte, and Senators Grace Poe-Llamanzares and Miriam Defensor Santiago based on their latest Statements of Assets, Liabilities, and Net Worth (SALN), and attempt to quantify these by exploring the real estate possibilities that could be afforded by their personal wealth.

Manuel “Mar” Araneta Roxas II

Total Assets: Php283,963,237
Total Liabilities: Php81,882,784
Estimated Net Worth: Php202,080,453

Officially the richest of the 2016 presidential candidates, most of former Department of Interior and Local Government (DILG) Secretary Mar Roxas’ fortune was built from his time as an investment banker in New York, and from being a scion of the Araneta-Roxas family, which has various business interests and landholdings.

Residing in Metro Manila

It would make sense to invest in a home in Metro Manila for someone like Mar Roxas. With finances like his, a home in Pasig is not out of the question, like this six-bedroom, six-bathroom Valle Verde home currently on the market for Php165,000,000.

Investing in the Province of Capiz

Having served as Congressman of the First District of Capiz, an easy assumption to make is that Mar Roxas would be interested in investing in his home province. A net worth such as Roxas’ could accommodate the acquisition of a 3,000-sqm mountain resort in Dumarao, Capiz, 23 times, which is currently valued at Php8,500,000. This property features: family and barkada rooms, dormitories, swimming pools, a grotto, and natural waterfalls.

Buying a Commercial Lot

Roxas previously went by the moniker Mr. Palengke in past political campaigns, and it would be an apt coincidence if he ever decided to invest in a commercial lot to use as a public market. His net worth would easily allow him to acquire such a space in A.S. Fortuna Street in Mandaue City, Cebu (three of them, in fact), which is currently listed for Php53,955,000. The 981-sqm lot is at a prime location, ideal for retail activity.

Mary Grace Sonora Poe-Llamanzares

Total Assets: Php126,955,615
Total Liabilities: Php37,490,796
Estimated Net Worth: Php89,464,819

The youngest candidate, Grace Poe’s SALN actually dropped from her previous ranking, as assets inherited from her late father, movie star Fernando Poe Jr., were removed due to a rule stating such properties should not be declared. Still, she remains the second wealthiest with a fortune comprised of investments and other assets.

Investing in Iloilo

Grace Poe was once an abandoned baby discovered in Iloilo City. Should she ever want to reside in the city, she could do so from a Php16,000,000 three-door apartment near the Jaro Metropolitan Cathedral where she was found by a parish priest. With a total floor area of 402-sqm, the property has three units with five or six bedrooms each, making it an ideal rental investment as well.

Residing in Alabang

It is uncertain what Poe’s next step would be should she not win the presidential elections. If she decides to retire from politics and resume the type of living she had while in the United States, a good investment would be on an American-style home in Portofino in Las Piñas. With four bedrooms, an attic, a two-car garage, and a private inner courtyard, its Php36,246,000 price is well within Poe’s budget.

Investing in Land for Educational or Philanthropic Use

Also known as an educator and philanthropist, Poe could build her legacy as such if she ever decided to forego politics. With her net worth, she can buy a farm lot in Cebu. Currently valued at Php35,000,000, it has an existing rest house and 26,622 sqm of land, which can be dedicated to building an educational facility or remain as a farm where the less fortunate can seek employment.

Miriam Defensor Santiago

Total Assets: Php123,033,539
Total Liabilities: Php50,000,000
Estimated Net Worth: Php73,033,539

Widely recognized for having served in all three branches of the Philippine government (judiciary, executive, and legislative), Miriam Defensor Santiago is arguably the most qualified to hold office in Malacañang. Her fortune has been mostly built on legal and political grounds that has spanned over four decades.

A Residence for Sharing Knowledge

The value of education is evident in Santiago, who has earned degrees from multiple schools. As she is often invited to speak and share her legal and political knowledge in different schools, it would be advantageous for her to own this three-story home in Filinvest 2, which features five bedrooms and six toilets and baths. Listed at Php16,000,000, the home is 10 minutes away from University of the Philippines Diliman, one of Santiago’s alma maters, where she taught law for 10 years.

Investing in Office Space

Santiago’s career has been of pure legal work and local politics. The most ideal real estate investment for her would then be an office space in the event she wants to open another office for her legal practice. One such property that fits her SALN would be a Php43,000,000 office space in the Salcedo Village, Makati. Its floor area of 465 sqm is perfect for a large number of legal professionals.

Expectedly, the incumbent senator may prefer a space with a better proximity to the Philippines’ different national offices, making Manila the ideal locale for most firms. Santiago’s net worth would be enough for a Php36,000,000 office space in Taft Avenue that features a building size of 448 sqm.

Jejomar “Jojo” Cabauatan Binay, Sr.

Total Assets: Php76,301,436
Total Liabilities: Php16,050,453
Estimated Net Worth: Php60,250,983

Despite allegations of corruption and tax evasion, Jejomar Binay is running for the country’s highest office after serving as vice president since 2010. He has the longest tenure in politics among the presidential candidates, and for the most part has amassed his wealth as a career-politician.

A Home in Makati

Having served as Makati’s mayor since the 1980s (although briefly interrupted when his wife won a single term), it is expected that Binay would invest in the city he claims he had the biggest hand in developing. The city’s properties are some of the priciest in the country, and Binay’s entire declared net worth can be spent on just one Makati home, like one in Magallanes Village. Boasting three bedrooms and a land size of 568 sqm, it is currently priced at exactly Php60,000,000.

Commercial Spaces Outside Makati CBD

Anyone with a high net worth should not make the mistake of not investing commercially in Makati. As the country’s foremost financial district, the returns are almost guaranteed for any commercial space. A net worth of Php60 million is more than enough to get a good investment in the city, like a new five-story building in Makati’s Brgy. Tejeros. With a land area of 590 sqm, it can accommodate a number of businesses, and its selling price of Php26,380,200 leaves more of the Binay net worth to invest.

Invest on Island Property

That additional investment could be on an island. As Binay receives much scrutiny and allegations, he may want to consider living on a private island to distance himself from it all. Currently listed on Lamudi is one in Bantayan, Cebu, with a land area of 5,011 sqm and has a selling price of Php25,000,000.

Rodrigo “Rody” Roa Duterte

Total Assets: Php22,971,732
Total Liabilities: Php1,000,000
Estimated Net Worth: Php21,971,732

Another career lawyer and politician, Rodrigo Duterte has served as mayor of Davao City for seven terms (or over 22 years). Known for his hard controversial stance on criminals and modest lifestyle, he is considered the “poorest” of the presidential candidates with his comparatively small net value.

A Larger Home in Davao

Duterte’s supporters have documented how the Davao mayor lives modestly, so one who has served the city for more than two decades may want to invest on a grander home. If he is to invest almost the entire Duterte net value on a home, a five bedroom, five bathroom house and lot is currently listed on Lamudi for Php15,900,000. It has a floor area of 328 sqm, and features a master bedroom with a walk-in closet, and a laundry and service area, among others.

Land for a Possible Rehabilitation Center

Although controversially supportive of the extra-judicial killings of habitual drug users and dealers, Duterte is also acknowledged for having used city government funds to build a Php12 million drug rehabilitation and treatment center, which provides 24-hour services. Should he decide to do this as a private citizen, his net worth would be substantial for the purchase of land in Davao City with the costliest listing on Lamudi being Php15,000,000, and located near Bonifacio with a land area of 913 sqm.

Contibutor:

LAMUDI
Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 34 countries in Asia, the Middle East, Africa and Latin America, with more than 800,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. For more information, please visit http://www.lamudi.com.ph

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