Hi members,
I have many valuable advice from the veteran here with regard to doing business in the Philippines, some suggested that I should keep my monies in the bank, some said why am I in a hurry to lose all my money and I guessed you guys are right? I better keep my monies in the bank and observe how is the market before decide again.
However, I saw a few friend of mine buying condominium in Makati and Manila area for investment. They told me it is better than putting their money in the bank which yield lower interest. I'd like to seek advise from you guy again on this matter.
I know property investment is quite stable and safe but the question is when to buy? Is this the right time to buy? Some old timer over at SG told me this isn't the right time to buy property in the Philippines because of the uncertainties in Syrian.
They say two years from now is a good time to buy when the properties market hits rock bottom when foreign investment are slowing down and expats leaving the Philippines due to world economic changes. Any comments on this? As I am looking at a few condo units in the choice area.
Another suggestion from my friends in SG is on Gold... They told me to invest on gold and hold it for four to five years. I can make some money from this precious yellow metals. I think they have a point on this but maybe you veteran have a better suggestion on this? Cos some of you guys are from America, Europe and etc and you gentlemen have much experience and exposure over in your country. Any comments on this?
I hope I can get some kind advice from the members here. Thank you.