Mar 19, 2015

Posted by in General

8 Adriatico – Another Project Completed!

8 Adriatico – Another Project Completed!

Dear investors, Hope you all are doing well!  We are happy to have another successfully completed project.

Here are some photos to share of the 8 Adriatico project that is located next to one of the largest Robinson mall in Manila.  My units are 1 bedroom units on high floor. This project is for long term rental as the demand for rental is pretty good.

8 Adriatico1

This project is next to the popular Robinson Mall that was opened since 1997.

 

wendy Kwek success8 Adriatico Robinson mall1

Here are some photos of the inspection of the project upon completion. The project looks decently good and the views are great.


8 Adriatico Wendy Kwek 28 Adriatico Wendy kwek 38 Adriatico Wendy Kwek 48 Adriatico Wendy Kwek 88 Adriatico Wendy Kwek 78 Adriatico Wendy kwek 68 Adriatico Wendy Kwek6

8 Adriatico Wendy Kwek 5

The developer, Eton Properties, has a leasing team and is able to help overseas buyers manage the lease and it is up to investors whether they want to lease out as unfurnished or furnished units.  This project should be able to fetch 8%-10% gross yield currently depending on purchase price, payment term and whether the units are furnished or not.  The commission charged by Philippine agents and developer’s leasing team is one month of rental per year of lease.  There is  another half month as fees for helping investors administer the banking in of cheques and sending remittance slips to investors.

So congrats to all investors for long term passive income!

Cheers!

 

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