If you are buying a house and lot with the intention to rent it out for your lifetime income, then reconsider because a house only leases for about PHP 15 – 20K because they are located outside or far from the Entertainment district in Fields Avenue (aka Walking Street) and far from the malls which have buses that go to Clark.
Condominiums Rent for Higher than Houses
Compare renting a house for 15K per MONTH vs renting a high-end condominium for 3500+ PER NIGHT and you can easily see that condominiums yield more profit for you. In addition, if you buy a house and lot, you still have to go through the trouble of hiring an architect, contractor, build it, buy furniture and make sure it is located in an area with high customer demand, which is only in the commercial & Entertainment area at Walking Street.
Tourists do not like staying outside the entertainment district – they like to be in it or beside it. So the customer demand is for hotels and serviced condominiums near where the action is at Entertainment Center – Walking Street only.