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Things to consider when getting your first property

If you’ve been working for a few years and are looking to invest in your future, now could be the perfect time to buy your first property.

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For many, acquiring their own home seems far-fetched, but with the influx of many property developments, many dared and succeeded in getting one. If you’ve been working for a few years and are looking to invest in your future, now could be the perfect time to buy your first property.

The pandemic has accelerated the desire for homeownership, especially among millennials and Gen Z professionals. With people working remotely and spending increased time at home, they have developed a heightened appreciation for personal space and home investments. Many young professionals are now entering the housing market, with condominiums being a popular choice for those seeking modern, convenient living spaces that match their modern lifestyles.

Things to consider before buying your first property

Accessibility – When choosing a property, consider its proximity to your workplace and public transportation. A condo near major transport hubs, like the LRT or MRT, can save you time and money on your daily commute.

Amenities and Lifestyle Fit – Your lifestyle should guide your condo choice. Many modern developments cater to young professionals and couples with features like co-working spaces and fitness centers. Consider these factors, as they can greatly enhance your living experience and convenience.

“I always wanted to have my own place, but with my salary of around ₱44,000 a month, I wasn’t sure if it was possible,” Kyla, a 30-year-old marketing professional shared. “But after researching different options, I realized that condos were a great fit for me. It is secured, near my work area, and has amenities that I can enjoy.”

Kyla added, “Finding home loan options that suit my budget is a win. It feels great and fulfilling that I get to realize one of my bucket lists of owning my own space.”

Unit Size and Future Needs – Think about your long-term plans when choosing a unit size. If you’re single or part of a couple, a smaller space might suit your needs. However, if you foresee starting a family, consider how much space you’ll need in the future to accommodate this lifestyle change.

For Marj (32 years old) and Ken (33 years old), a newly-wed couple, getting their own space is a must. “After months of searching and planning, we finally found the ideal unit that we could call our own. We really saved up for our down payment and searched for a bank that could give us reasonable loan options. We get to enjoy our own space without the need to stretch our budget. Our combined salaries really made a difference on this journey,” the couple shared.

Pricing – Condo prices can vary based on several factors, including the type and size of the unit. Pre-selling units tend to be more affordable, making them a popular choice for first-time buyers, while ready-for-occupancy condos are typically priced higher due to their immediate availability.

“I’ve been sharing a rented condo unit with a friend for a few years already, so I thought that maybe it’s time to get my own space.” Sarah shared, a 28-year-old graphic designer with a salary of ₱38,000 per month. “With my studio unit, it provided the perfect balance of affordability and privacy. Not only that, I get to be more creative with having my own space.”

Financing Your Dream Condo

For many young Filipinos, especially those in the early stages of their careers, condo ownership might seem out of reach. However, with proper financial planning and the right home loan, you’ll be surprised at how simply attainable it is.

PSBank offers a range of home loan products with faster approvals, flexible terms, and attractive benefits. Their streamlined process, which provides credit decisions in as little as one day*, ensures that buying your first condo can be hassle-free. Whether you’re purchasing from pre-selling developments or ready-for-occupancy units, PSBank home loans make condo ownership accessible and convenient for young professionals.

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Watson boosts global expansion, unveils 16,800th store worldwide

This store was opened in Rotterdam, marking a remarkable milestone in AS Watson’s ongoing expansion and its commitment to delivering a seamless and exceptional O+O (Offline plus Online) customer experience.

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As Watson, the parent company of Watsons Philippines, announced the grand opening of its 16,800th store worldwide, further consolidating its position as the world’s largest international health and beauty retailer, with a portfolio of 12 brands operating across 29 markets. This store was opened in Rotterdam, marking a remarkable milestone in AS Watson’s ongoing expansion and its commitment to delivering a seamless and exceptional O+O (Offline plus Online) customer experience.

Dr. Malina Ngai, Group CEO of AS Watson, expressed her excitement at the store opening ceremony, “The opening of our 16,800th store represents more than our growth as a company – it symbolises our commitment to serving the communities worldwide. With every store we open, we create jobs, foster customer relationships, and build lasting trust.”

“16,800 is a number with special meaning in Chinese culture. The number 6 symbolises ‘everything goes smoothly’ while 8 represents ‘good fortune’. We embrace the special meaning of this milestone and look forward to a future of lasting success and prosperity, not only for our business growth but also in extending these best wishes for a brighter future for the world during this festive Christmas season,” Malina added.

Commitment to Continuous Growth

Ed van de Weerd, CEO of AS Watson Benelux, remarked, “We’re honoured that AS Watson’s 16,800th store worldwide opens in vibrant Rotterdam, demonstrating AS Watson’s steadfast commitment to growth in the Benelux region and globally. As the No. 1 health and beauty retailer in the Netherlands, Kruidvat serves its customers with nearly 1,000 O+O stores and over 24,000 passionate colleagues and has become an integral part of many Dutch people’s lives.”

The brand-new store will serve over 11,000 customers every week. As one of the largest Kruidvat stores, it spans over 770 square meters and is designed to enhance O+O shopping experience with clear in-store navigation. The store offers an extensive assortment of over 36,000 products, making it the largest selection among all Kruidvat stores.

Watsons Philippines operates in over 1,100 stores nationwide, reflecting its commitment to bringing health, wellness, and beauty closer to every Filipino. Enhancing this experience is the Watsons app, which provides customers access to exclusive deals, personalized recommendations, and convenient services such as Click & Collect and home delivery.

Looking ahead, AS Watson remains committed to innovation and excellence in customer experience, and will continue its growth journey with the purpose of putting a smile on the customers’ faces today and tomorrow. 

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AIA PH powers health and wellness with over 9,000 runners at Rock ‘N Roll Running Series Manila

Manila, the only Asian stop on the global Rock ‘n’ Roll tour, offered runners a choice of 5K, 10K, 21K, and 42K distances on a unique AIMS and World Athletics-certified course, highlighting the city’s historical beauty.

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AIA Philippines has continued to champion its purpose of helping people live healthier, longer, better lives by supporting the 2024 ASICS Rock ‘n’ Roll Running Series Manila as presenting sponsor for the second consecutive year. Held on November 23-24, 2024, the event brought together over 9,000 runners from 58 countries, transforming Manila’s streets into a dynamic celebration of fitness, music, and community spirit.

Manila, the only Asian stop on the global Rock ‘n’ Roll tour, offered runners a choice of 5K, 10K, 21K, and 42K distances on a unique AIMS and World Athletics-certified course, highlighting the city’s historical beauty. Runners, from first-timers to seasoned marathoners, enjoyed live music along the route, passing iconic landmarks like Rizal Park, the National Museum, Fort Santiago, and Binondo Chinatown, before culminating in a spectacular finish-line festival.

“We’re thrilled to be part of the lone Asian stop for this global celebration of health and wellness,” said AIA Philippines Chief Marketing Officer Melissa Henson. “The Rock ‘n’ Roll Running Series embodies our mission to inspire Filipinos to embrace an active lifestyle and invest in their health and well-being. This event is a celebration not just of fitness, but also of the community spirit and joy that come with achieving personal goals.”

In partnership with The Ironman Group, AIA’s involvement went beyond the race. The AIA Health and Wellness Expo, which kicked off during the race week, became a central hub where participants could access exclusive promotions, expert advice, and exciting brand activations. “We’re proud to support this growing community,” said Henson. “Our involvement in the Rock ‘n’ Roll Running Series is just one of the many ways we’re encouraging Filipinos to prioritize active living and build connections within their communities.”

To amplify its broader mission, AIA launched the AIA One Billion initiative, which aims to engage a billion people across Asia in healthier lifestyles. This drives the company’s initiatives to support major events like the Rock ‘n’ Roll Running Series Manila, which empower participants to take charge of their health, while creating a lasting impact across communities.

With a finish-line festival featuring top local bands and a celebratory atmosphere, the event was more than just a race — it was a community celebration of personal wellness and achievement. Runners were treated to exclusive race perks, including event shirts, finisher medals, and unforgettable entertainment along the course. The energetic post-run festival, with live performances by Reujen Lista & the Trinidad Band, Brad & Nina Band, Gracenote, and Jason Fernandez, captured the unique spirit of Rock ‘n’ Roll.

Looking ahead, the 2025 Rock ‘n’ Roll Running Series Manila will be known as the AIA Rock ‘n’ Roll Run, with AIA Philippines as title sponsor. AIA is committed to raising the bar even higher through expanded entertainment, enhanced course features, and new wellness initiatives are set to deliver an even more memorable event.

AIA Philippines is committed to building a healthier future for Filipinos, and the Rock ‘n’ Roll Running Series will continue to be a key part of that vision. With AIA’s continued support, the event is set to inspire even greater participation, foster healthier lifestyles, and showcase the transformative power of movement for years to come.

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Manulife Investment Management launches Manulife Global Income Feeder Fund

The Fund provides investors access to US Dollar-denominated fixed income and fixed income-related securities of issuers globally, giving them high-quality and stable income generation opportunities. Investors may access the Fund for as low as US$1,000 or PHP1,000.

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Manulife Investment Management and Trust Corporation (“Manulife Investment Management Philippines”) announces the launch of the Manulife Global Income Feeder Fund (the “Fund”), a unit investment trust fund (UITF) that aims to provide a high-quality, low-volatility income opportunity by seeking the best sources of income across the entirety of the fixed income universe.

The Fund provides investors access to US Dollar-denominated fixed income and fixed income-related securities of issuers globally, giving them high-quality and stable income generation opportunities. Investors may access the Fund for as low as US$1,000 or PHP1,000.

“The Manulife Global Income Feeder Fund offers an all-weather wealth solution that combines the entirety of the fixed income universe, including traditional and non-traditional sources of income.  It provides high and sustainable opportunities that can help investors maximize their financial portfolio’s income generation across economic and interest rate cycles,” said Aira Gaspar, President and Chief Executive Officer, Manulife Investment Management Philippines.

The Fund is the newest product in Manulife Investment Management Philippines’ distinct suite of UITFs for different investment objectives, and will be part of the investment firm’s newly introduced “Better Income” campaign. Through this campaign, Manulife Investment Management Philippines aims to empower investors to elevate their financial journey by giving them investment choices based on their unique financial goals, needs, risk tolerance, and life stages. 

Interested investors may open a UITF account online through Manulife iFUNDS, a secure digital investment platform that makes it easy and convenient for investors to manage their UITF investments. For more information on fund options that best suit your investment goals, you may contact a Manulife Wealth Specialist or visit www.manulifeim.com.ph.

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