Pros and Cons of Investing at The Rise Makati
- Jun 14, 2023
- 3 min read
Updated: Sep 19, 2024
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
The Rise Makati was developed by Shang Properties, Inc. - a company that is affiliated with Kerry Properties Ltd. and Shangri-La Hotels and Resorts. Thus, allowing passersby and investors to create a positive experience as they identify themselves with the brand.
Location
The Rise Makati is situated in NoMa (North Makati) district bringing investors closer to the northern part of Ayala Avenue (i.e., walking distance to RCBC Plaza Yuchengco Tower, GT Tower, PBCom, Wall Street of the Philippines, Ayala North Exchange, Makati Medical Center, Makati Fire Station, City Gate Mall, etc.).
Security
Access to all elevators at The Rise requires security key card access which will prevent outsiders from going up and down the building. Furthermore, all three towers are monitored by a 24-hour CCTV surveillance cameras.
Building Features and Amenities
The Rise Makati is known for its modern building design. Aside from having good interior, The Rise offers basic amenities and services such as 24-hour security, day care, children/adult swimming pool, function rooms, game room, garden, gym, jogging path, library/study area, residents' lounge, retail area, social hall, theatre room, and viewing deck.
Passive Income and Capital Appreciation
Investors who purchase a unit at The Rise Makati could easily earn passive income by renting out their unit. With fixed monthly income, investors will experience better short-term cash flow. Furthermore, the value of residential properties at The Rise Makati will surely appreciate immediately right after the Makati Subway project is completed by 2025. On top of earning from monthly rent, investors could benefit from capital gain by the time they sell their property on a future date.
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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