“Compared to other investments that are prone to theft and maintenance issues, Space condormitels will be managed for you and you will just wait for the returns,†Oreta said.
“Imagine, an investor purchasing a three-bedroom unit at a little over P1 million and can have it leased out at the rate of P4, 000 per bed. With its profit earning possibilities, a Space unit owner can maximize his yield on rentals, receiving as much as 8 percent on return on investments, not to mention the asset value appreciation,†he further noted.
Future tenants of Space can meanwhile enjoy hotel-like amenities such as air-conditioned lobby, large garden, lounge benches and a sky garden.
The condormitel is likewise equipped with fire and smoke detection system, water reservoir, standby emergency power, security card key, centralized garbage collection, high-speed elevator, CCTV, study hall, retail outlets- all of which would help ensure a convenient and secure living experience.
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