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    How Safe (or Risky) is a Pre-Selling Condo as an OFW Investment?

    A recent survey reveals that overseas Filipino workers prefer to invest their hard-earned money in real estate out of all investment vehicles available. Despite the rapid urbanization of many parts of Mega Manila, the National Capital Region remains the most sought-after location. In Metro Manila, one type of property is king: condominiums. While buying a ready-for-occupancy unit promises immediate ROI, the pre-selling kind is attractive in its own way. A pre-selling condo in Capitol Commons, Bay City, BGC, or any other growth area in the metro can be bought for up to 50% less than the price of a finished unit. In addition to its tremendous potential for savings, being…