Is CONDO OWNERSHIP a Lifetime Guarantee? (50-Year Rule)

Will you still own your condo after 50 years? This is one of the most common concerns raised by condominium buyers. Let's find out all about condominium ownership.:)

#Condominium #RealEstate #Philippines

[tunaman]

sir chris thank you for this napaliwanag ko na sa aking relatives haha nafake news sila kasi sa mga old timers lol more power, pls make more real estate contents simple lang pero informative. un ang gusto ko sayo keep it up

[johnkelvingarcia]

Thank you sir Chris, new subscriber here 🙌🏻

May i ask sir. In the event the unit owners decided to make a deal to the developer to build a new building. does the owners need to buy the unit in that new building again like buying new property agaun?

[leachnikoloau]

If the bldg is well maintaned itwill last more than 50yrs...incase unlivable na..all owners nid mgdecide if gagawa bago o benta lupa..un pgbbentahan pghahati hatian

[andrelim]

FACTS yan, kung pag aaralan ng MALALIM, kac HOW it can be REAL PERPETUAL OWNERSHIP at pede ipaMANA sa mga anak ung CONDO UNIT, kung DINEMOLISHED na ung buildng na dun bumili ng unit??? nasa PAPERS lng nag Existans ung PERPETUAL OWNERSHIP NOT on the condo, hal, anak i2 ipapaMANA q sa U, E Wala na ung buildng YES alam q pag PERPETUAL OWNERSHIP ay SHARED ang owners sa pagbebentahn ng lote, kac bakit NID pa idemolished ung buildng after 50 e PEDE namn F0REVER na mag exist ung buildng Just REPAIR damages para pasa pasa sa next generation, kumbaga HNDI na makkaalm ung goberno,

[andrelim]

on demolishng a condo buildng sa Pinas,
#1 RULE, EXISTENCE OF EXCESS OF 50 yrs, ANONG buildng sa Pinas ang papasa d2 pag lampas 50 yrs na??? Same yan sa kukunin na NEW GARD ng agency ay 5'6" lng, dba LAHT ng below 5'6" bagsak, kac ⁰ rule 3 USELpESS ))(

[braska]

Sir, ask ko lang of its a good decision to buy a parking lot for condo. Thank you.

[alexanderyip]

So nasa papel lang pala ang perpetual ownership.

[andrelim]

ang bahay pag bnili na, MAY ARI ang MAY RIGHTS to demolished his/her own house, pero Bkit sa condo unit na bnuy na at merun ng may ari, PERPETUAL OWNERSHIP ay GOBERNO pa rn ang may RIGHTS to demolished the Unles LIVABLE pa, dba ang TRUE RISON ay Metro Manila LAND SIZE does not expand, PADAMI NG PADAMI mga tao naninirahan NO WHERE to put them, kumbaga SAME PLACE ng OLD condo na dati 8 flrs lng ay NID ggbain para pagtatauan ng new 40+ flrs na condo, kac Metro Manila CANNOT accomodate ung dami ng mga tao, kac EXTREMLY OVER OVER POPULATED na ang Metro Manila, pag GAWA ng mga HIGH RISE condo lng CHANS para mag kasya, kac DAPT ALISIN na ang RULE na yan na 50 yrs, new buildngs start ng 2000 na EARTHQUAKE PROOF ay will exist 4EVER ung buildng at OWNERS na mapapasya if will be demolished NOT the Government, , kung WALA ng SPACE sa Metro Manila dahl madami ng mga buildngs ay sa ibng lugar namn idevelop nla, para NOT majority ng people sa Metro Manila pupunta, o mag SHIFT their FOCUS gaya sa Metro Cebu, etc dun namn gawin nlang MODERNIZE, HNDI puro sa Metro Manila lng,

[zildjiancabs.]

sir pwede ba ibenta ang condo kahit di na mag home loan na mag turnover na sa april?

[andrelim]

MYTH? or a TRICK? why NOT 4EVER ung condo buildng? Bnuy na mga condo unit pero Bakt ang RULE is nided to demolished the buildng after 50 WHATS the REAL reason behind the 50 yr RULE??? I DONT THINK na dahl sa buildng yan, kac pede namn ipaREPAIR para 2magal ung buildng, peeo STILL andun ang 50 Yr RULE, Wont demolished pag livable pa, PRICES of condo now in the Philippines is TOO EXPENSIVE, were as in Thailand is CHEAP na MODERN pa, Ang modern buildng can last 100 yrs UP, pero Bkat may RULE na 50 yrs ONLY e sa Pinas lng ata yan??? DAPT ALISIN na yan batas na yan,