Another large attractive-looking condo complex with two adjacent towers, One Spatial has a good location on the Iloilo River, especially the side facing the distant mountains, and includes spacious common area walkways, resting spots, and an outdoor pool.
Across the street is the Esplanade, a two kilometer riverside walkway that isn't used much, but that does add to the beauty of the setting. At night it transitions into a night scene with entertainment and eating venues. Within walking distance not far across the river is the Molo square and shopping area.
But...
1. none of these small 1 or 2 bedroom units come with balconies;
2. units are without screen windows, even on lower floors where bugs and burglars can get in. Just added expense, it's difficult for tenants to obtain and fit after-market screens to size;
3. poorly designed like other newer condos in the country, the layout allows very little natural light to get into the living room, kitchen or bathroom: if bedroom doors are closed, interior rooms are in the dark;
4. even with a glut of condos available to own or rent in the city, high prices of 5-6 million pesos are not negotiable;
5. as all groundfloor parking spaces were taken, there's no parking for one's car: not only is parking an additional 1500p/month if it's available, most tenants have to park on the narrow street outside the complex altogether that also has only limited parking where, unprotected, anything can happen in this lawless land.
6. this property dumps out onto a road that pretends to be 4 lanes, but in reality is only two as it narrows down further to a small bumpy 2-lane bridge that acts as a bottleneck for traffic. Even the old now-pedestrian bridge is wider!
7. On top of these downsides, don't forget admin and maintenance fees at another 300+ pisos/month.
Duh!
The owners and architects clearly demonstrate their lack of smarts and care for prospective tenants. Agents are fast to point out the large common areas, the pool and 'gym' area, but who cares if one's actual unit kinda sucks? Overpromising and outright lying about the benefits of living there is standard procedure, but wears some potential buyers down before they can get serious about owning or renting a unit. As well, if you take over an owner's condo payment by renting from them, it's likely that they won't bother to fix things unless the structure itself is at risk by neglected repairs.
This pattern of greed and minimal amenities is everywhere in Iloilo and in the Philippines. The fever over buying land in the larger cities has become rabid: it really is buyer beware!
Better to buy a much cheaper lot out of the main centre of the city, and build one's own place so that millions can be saved and as owner one can oversee construction quality, and get what one wants in their home. Meanwhile, Futura, Avida, SM, Injap and all the others can shove off.
Don't do new condos in this country, folks. Either the owners want high rent for next to nothing - even calling a studio apartment with the bed filling the room an executive suite! - or the developer wants big bucks - 4-6 million pesos - for a marginally-equipped unit. And one never knows what mysterious problems will pop up down the road.
With greed and stingy (kuripot) values firmly in place, and hundreds, perhaps thousands, of condos and homes not selling or even sub-renting in the city, why bother? Many older condo buildings are loaded with unsold and unrented units by the hundreds.
Recommendation?
Forget this place, and all the others like it! read more