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FWIW, if there were smaller unit in PH level (and I do mean the absolute top), it is not bad as an investment as they tend to be the last to go down in downturn and goes crazy when going up.
My dad owned a small corner PH unit (only about 400sqft inside) in Taipei next to Taipei 101 as he used to travel back and forth often for a legal issue in Taiwan and he didn't like to stay in hotel very much. When he first got it, it was 12M TWD, about 400K USD 10 years ago. I believe he got it for 15% down and 4% interest. He figured it'd be cheaper than hotel overall and no one would touch his shit (legal paperworks for the case)
He sold it after the whole legal thing was done in 2013 for 25M, or about 800k USD. Now Taipei is in downturn, but it's still around the same price my dad sold it for 2 years ago, coming off 15-20% from the peak.
Its current owner just rent it out to foreign companies as executive stays and supposedly is doing ok. And his clients love it for the location as well as the environment.
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Nothing for now
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