Investing at The Rise Makati, is it a viable method to raise the value of money? Constructed within a lot area of 10,825sqm, The Rise Makati is a residential and commercial condominium combined with three (3) towers known as the North wing, West wing, and East wing. In each floor, the East wing has 21 units whereas the North and West wing has 17 units. In total, there are 3,044 units at The Rise.
Located just besides The Rise Makati is the Assembly Grounds Mall where the residents could shop and dine. Completed back in November 2019, The Rise Makati is one of the newest residential condominiums in Makati as of June 2023. Before you decide on whether or not to invest at The Rise Makati, let's go through the pros and cons of buying a property from this particular condominium corporation.
Pros
Brand Equity and Value
Location
Security
Building Features and Amenities
Passive Income and Capital Appreciation
Cons
Parking Ratio
There is a limitation with regards to the number of available parking spaces at The Rise Makati. Considering the fact that there are as much as 3,044 units at The Rise, the total number of parking spaces in three (3) basement parking is only 746. Because of limited supply, the cost of renting a parking space could be a little higher compared to the cost of rent a parking space in other nearby residential condos. Despite having to pay a little extra for the parking space, The Rise is still considered as one of the most lucrative investment properties in Makati today.
As stated under The Condominium Act of the Philippines (R.A. 4726), foreign nationals are allowed to acquire condominium units as long as they make up no more than 40% of the total shareholdings of all of foreigners in a condominium corporation. Due to the ownership quota set on foreign investors, non-Filipinos who wish to invest at The Rise should opt to purchase a "foreign-owned" resale unit to avoid having problems when it comes to the transfer of title. Now that we know that foreigners can own a condo in the Philippines, below is the list of resale units by the unit owners:
The Rise 1 bedroom unit with big balcony for sale. 31.64sqm. 35th floor, East wing facing amenities. With clean title. *Foreign-owned unit. **Never been occupied. Php8.1M
The Rise 1 bedroom unit with balcony for sale. 31.35sqm. 41st floor. Furnished with bed, sofa, refrigerator, split-type aircon, and table. With clean title. *Foreign-owned. Php7.7M
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