CITY OF DIPOLOG : RETIREMENT IN DIPOLOG
its easy to live in Dipolog
houses are cheap, the taxes low, the climate heavenly. Retirement
South of the Philippines sounds too good to be true -- but it isn't,
as long as you resist the impulse to rush.
Elumba, Sales Marketing Supervisor
of Mediatrix tells us, very quickly, that
Dipolog City real estate has appreciated greatly in a few years and
that the central historic district remains the focus of attention
for most people. The amount of development in recent years, however,
has led to a slowdown, but it may, she says, be a buying opportunity
for worthy and deserving people who work relentlessly for their
After a clear and succinct interview, she asked me to spend some time to check out their Mediatrix Hills Subdivision site at Barangay Turno, which is still scheduled to officially open on October 6, 2001. The subdivision, as she describes it, “an ideal place for retirees” -- those ranging, say, from the very lowest cost to no more than Php 2 Million. We spent the late afternoon visiting 4 models of houses, all having an average lot size of 300 square meters, the Khristian, Raymond, Ralph and Henrich that are in the last stages of completion. I learned that I could buy a 195 square meter Khristian or Henrich dream house with 3 bedrooms and 3 baths for about Php 3 Million. The cost also varies if I plan to purchase a Raymond fantasy home that has an area of 210 square meters, or buy a slightly large and desirable scenic lot for about Php 4,200 per square meter. Get a little fancy and you can get an elegant Ralph model house, still at Php 12,000 per square meter, with magnificent views from a large attic room, which all models have by the way, in a prime location in the subdivision.
of course, it is always possible to spend much, much more.
for cash and then live cheap
are very low. While most houses in Metro Manila are taxed based on
values that approximate the market, appraisers here value houses.
Their valuation is significantly below recent market prices. As a
consequence, tax bills of 2% or 1% for the basic or government fund
plus 1% goes to the especial education fund is all you have to pay
in a year of the total market value of a residential property as
stated by Mr.
D. Caroro of the City
are very low. With a year-round temperate climate, Dipolog City has
a handful of homes that could withstand such weather. People in the
city doesn’t use gas logs in their fireplace – which is not very
common but still gas and electric bills are low. Water bills are
also low. And insurance bills, if any, are small because fire
hazards are limited and people aren't as litigious as in the United
all the costs, including a part-time or full-time maid, and a
typical house can be run for around Php 3,000 a month. The cost of
operating a house is a fraction of the cost of operating the same
house in the United States, even though it includes something that
very few Dipolognons can afford -- household help.
be afraid to rent
caveat side of the story is just as powerful.
rental-to-sale-price "spreads" are that dramatic, but the
message is very clear: This is a buyer's market all the way down. No
one needs to "panic buy" a house in Dipolog, because you
can rent when you want for as long as you want. Nothing bad will
happen to your money while you are renting. Indeed, if you are
thinking of becoming the ultimate tourist and traveling to Dipolog
for the festival months only, renting makes more sense than buying.
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