Philippine Real Estate Rental Business

This is my second real estate purchase. Jazz residences is developed by SM Development Corporation (SMDC), a new player in the real estate market but is backed up with the SM brand that everyone in the Philippines is familiar with.

The Jazz residences is located in N.Garcia st, barangay Bel-air Makati City and is strategically located very near the CBD with a huge potential market from yuppies looking for a place to stay. Target date of completion in approximately early 2013 so I won't be earning from this unit anytime soon.

Situated in the heart of the Ortigas center in Pasig, Cityland's Grand Emerald Tower (GET) is my first real estate venture. What attracted me to this condominium is it's attractive price, great location to all the malls in the area like Robinsons Galleria, SM megamall and The Podium is all within walking distance from it.

The estimated turn over date for my unit, which is a bachelors pad by the way is around June 2011, but I have heard some rumors that construction is way ahead of schedule to turnover date would probably be early first quarter of next year. Keeping my fingers crossed on this one.