Philippines could be next property what!?

Philippines could be next property what!?

Once again the real problems are not discussed. While 60/40 and such prohibitions stop foreign investment, the shoddy building construction from nearly all developers/builders is now being discussed around the world as well as lies in the ads everyone has been hit with which are prohibited by Presidential Decree 957. Nearly all the major developers/builders are no longer fully trusted.

http://www.bworldonline.com/content.php?section=TopStory&title=philippines-could-be-next-property-&145blockbuster&8217&id=117439

Elevators: Entrances' Restoration & Mechanical Operation

Elevators:  Entrances' Restoration & Mechanical Operation

The entrances on all floors I have seen from the demolition in trying to fix these awful elevators has been rotten.  I have posted many photos and many more to come.  The restoration is unacceptable and needs to be done over so that the entrances are restored back to the way they were in 2009.  

Here are some photos of a current restoration in progress.  Based upon the past, what hope is there?  There were also spots on the floor.  Why are drop cloths or plastic not used?  The elevator lights are never sealed and covered just making a mess with attempts to fully clean and restore them leaving an awful look.

As far as the operation of the elevators, just ride on elevators elsewhere and compare.  The doors do not close smoothly with noises and scratches, there seems to be a hesitation in opening and closing in some doors, the ride is not smooth, buttons have problems...  For those riding them you know the experience.  

We bought into a building that was supposed to have elevators expected to function and look well.  That is not what we got and is not what is being experienced.

Maceda Law ("Realty Installment Buyer Act")

Maceda Law ("Realty Installment Buyer Act")

PLEASE SPREAD THIS MESSAGE TO OTHERS.

This law helps those wanting to get rid of their condominium unit.  I was just told that a new condominium building nearby with fewer problems for now has many units up for sale after its recent turnover last year.  I wondered what the reasons were and was told by a broker that many living abroad want to get rid of their units since they do no see the Philippines getting any better and they see the investment declining.  Yes, and now they cannot all sell their units for what they paid.

So best for many to look into the Maceda Law as compared to reselling to see which option is best.  Here are a couple of websites, so please search for more information.

http://www.lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html

http://archive.sunstar.com.ph/baguio/opinion/2014/09/28/capili-realty-installment-buyers-rights-368038

Passenger Elevator 5 (PE5): Lights on, lights off

Passenger Elevator 5 (PE5):  Lights on, lights off

Below the eighth floor, at least, when letting off passengers the button lights turn off when the doors close.  So the buttons have to be pressed again.  I wonder if they can get a device such as the old clapper device from the 80s re-engineered for such DEFECTIVE elevators?

Whoa, ACE and TrueValue?  I wonder if they carry it here for the engineers to work on.

Repair work on the elevators

Repair work on the elevators

Here is a video clip so all may enjoy the periodic noise volume and sound of which changes as we venture through the example of what Hell must have as a joy.  This is being taken looking down the Shaw Tower towards the elevator lobby area.

This noise seems to be from the last elevator whose entrance is now being demolished. So now we will have a full set of slum elevator entrances as seen when they are poorly restored.

No we are not in war zone and Godzilla is not attacking.  These are the sounds of no silence and no peace in a building we were not promised.

Elevators: The current focus of decline

Elevators:  The current focus of decline

Yes, the DEFECTIVE budding labels are still around with this one from early in the past weekend.  Now we hear more of the periodic unending noise of the elevator disaster being worked on dare I say repaired.  This building is a mess and has not gotten any better.

It also reminds me of the MRT where ridiculous matters are given greater priority than are critical important matters.  The almost total lack of transparency and open records for "members" (Unit Owners) of the condominium corporation is among other serious issues.

For those that know the MRT here is one item I had written about that disaster. Now think about our building and all the problems and issues in comparison.

MRT Watch: Beep diversion

Yes, everyone watch the bouncing ball and ignore the priorities. What priorities? How about:
- Fixing the trains
- Fixing the escalators
- Repairing the stairs
- Maintaining the tracks
- Maintaining and repairing the rest of the infrastructure
- Oh, getting the security to control the crowds
So now the Beep cards which are a waste of money compared to the real priorities are here. Is this going to be like the raising of fares with service quality declining?  Of course, since the card costs 20 pesos unlike the former stored value cards which were free.  Yes, 20 pesos for a piece of plastic.

Conditions will impact condominiums

Conditions will impact condominiums

Philippines to Lose Jobs and Business to Thailand and Vietnam As Companies Leave China - http://philippineslifestyle.com/blog/2015/10/20/philippines-to-lose-jobs-and-business-to-thailand-and-vietnam-as-companies-leave-china/

"The report also noted that the Philippines has one major negative, it’s business environment – noting it as a “Key Issue” when looking at moving a business to another country nearest to China.

“Philippines, Indonesia, Cambodia and Laos under-perform China, in terms of ease of doing business and control of corruption. In turn, Malaysia, Brunei, Thailand and Vietnam are doing better than China,” the report noted.

“The Philippines fares well on some key indicators but not on the business environment, which is of course very important. The fact that the Philippines manufacturing sector (mainly semiconductors) has been losing steam during years does not bode well for the future,” Natixis added.

Telecommunication, transport, power and water infrastructure in the Philippines also fell short compared with those in Thailand and Vietnam, the report noted.

The reports sums up the ideal that Vietnam and Thailand are highly attractive for those looking to relocate, and not the Philippines."