MyCube is a condominium project developed by DataLand, Inc. in the Philippines. It is designed to serve as a dormitory for students and workers, but it also has amenities typically found in a condominium or hotel. These amenities may include a gym, swimming pool, function room, and 24-hour security, among others. This concept of a dormitory-condo-hotel is a good solution for those who are looking for an affordable housing option that is also comfortable and secure.
MyCube is a particularly successful project for DataLand, Inc. and the rate of return on investment (ROI) is higher than what the developer had forecasted. A 5% ROI is considered conservative in the real estate industry, but MyCube is achieving an even higher ROI of 6.9%. This is likely due to the high demand for affordable housing, particularly for students and workers, and the unique concept of combining a dormitory, hotel and condominium with amenities. With a high ROI, MyCube is a smart investment choice for those looking to invest in the Philippines real estate market.
The real estate market in the Philippines can be quite profitable for developers and investors. The rate of return on investment (ROI) can be high, particularly in areas where there is a high demand for housing. The increase in price of MyCube units from 2.9M Pesos to 3.1M Pesos in just a month demonstrates how quickly property values can appreciate in the Philippines. Investing in real estate can be a great way to generate passive income and grow wealth over time.
DataLand, Inc. last year offered a promotional deal of $49/month payment for the first 12 months which helped the BahaySaPinas to sell out all the allotted units of MyCube last December. Offering a lower monthly payment for a limited time can be a great way to attract buyers who are looking for an affordable housing option. The promotion was effective in attracting buyers and created a high demand for MyCube units. This shows the power of good marketing and offering attractive payment options to make housing more affordable and accessible to more people.
BahaySaPinas’ buyers were happy with the price increase of their MyCube properties. This is a strong indication that the market for MyCube is strong and that the demand for affordable housing in the Philippines continues to grow. The increase in property values is a positive sign for the buyers as it means that their investments are likely to appreciate in value over time. Additionally, this price increase could also make it possible for them to sell the units for a higher price in the future, or to generate more income if they decide to rent it out.
For more detail click here.