With all of the major condominium builders chasing A & B market individuals to sell to and expatriates looking to invest for rental income or to stay while they are in town, everyone seems to be ignoring the fact that fixed income and middle class Filipinos working in the area have no place to call home. No place nice to call home, that is. It’s true that minimum wage has risen slightly, but the real key for dormitory and budget-apartment housing in Angeles City is its proximity to Clark. Call centers and BPO’s are recruiting specialized people from all over the country to work and lead teams, and the discretionary income being earned on Clark is on par with Filipino management positions at other businesses locally such as retailers at SM and Marquee Mall.
If you were to add the new influx of Filipino workers coming to the area with the 250,000 or so Angeleños who already live here, you have a much bigger market to pull from when looking for rental income. Whereas expatriates and tourists usually spend a limited amount of time in their units and try to rent them when they are away, Filipino rentals are often year round.
Aside from the local market, there are plenty of retired foreigners who have limited or fixed income and desire a safe environment with basic amenities. Vacationing foreigners who would like to maintain a place for their significant other, but can still feel comfortable enough when visiting, could also take advantage of this living arrangement. You or your friends don’t need to live in or allow your girlfriend to live in squalor on a budget anymore either.
Located at 10-9 Batangas Street in Malabanias, Hensonville Apartelle Tower (or HAT) is looking to fill this niche. HAT is being done to American standards with an American foreman. The building has an elevator, something you don’t find in most apartment buildings. The building features 46 apartments and 2 commercial units at the ground floor for laundry and a convenience store. The units range from 16 square meters for a studio up to 57 square meters for a two-bedroom apartment.
As a managed rental apartment building, the rents are P350 per square meter and are inclusive of common area charges. Rental units are unfurnished; however, furnished and aircon units are available for additional fees. As an investment opportunity, HAT is also a proposed condominium development in the process of obtaining HLURB approval, and pre-sale reservations are being taken for a limited number of units on the third and fourth floor at approximately P40,000 per square meter (give or take.)
HAT is the lowest priced residential condominium investment opportunity in Angeles City today, with prices less than 40-60% of their competitors. If the idea takes off, you can expect other properties similar to this to sprout up in Angeles.
Minimum rental term is 6 months, 1 month security and first and last months’ rent, Utility deposit also required.
Rental rates are as follows:
Studio- (2nd & 3rd floor) approx. 16.4sq meters -
Standard A One Bedroom (ground floor) - approx. 24.4 sqm for 8540p per month
Standard B One Bedroom (2nd & 3rd floor) - approx. 25.2 sqm for 8820p per month
Superior B One Bedroom (2nd & 3rd floor) - approx. 28.2 sqm for 9870p per month
Deluxe One Bedroom (2nd & 3rd floor) - approx. 29.9 sqm for 10,465p per month
Standard Two Bedroom (4th floor) - approx. 50.4 sqm for 17,640p per month
Superior Two Bedroom (4th floor) - approx. 57.4 sqm for 20,090p per month
Deluxe A Two Bedroom (4th floor) - approx. 41.6 sqm for 14,560p per month
Deluxe B Two Bedroom (4th floor) - approx. 55.1 sqm for 19,285p per month
· Convenience store open from 7AM to 11PM. (Delivery available)
· Laundry Service open from 7AM to 7PM (Delivery available)
· 24/7 Security at the entrance.
· Elevator to all floors including the roof deck.
· Emergency Power to all units and the elevator.
· Roof deck social area open 8AM to 11PM (later on special holidays) Food and drink service from the Store are available)
· Onsite Management and Maintenance
· Rooftop Water supply system gravity fed and pressurized for excellent flow at the faucet/shower.
· Individual electric and water meters
· Propane Gas and Purified water available in the convenience store. (Delivery & changeout available)
· Optional installation of split type Air Conditioning Units for additional monthly premium.
For more information on rental or investment opportunities, contact Leo Lee at [email protected]