Definition
The portion of the property price that the buyer pays upfront, typically 10-30% of the total contract price. For preselling, equity is usually spread over the construction period (24-48 months). The remaining balance is paid via bank loan or in-house financing.
Examples
- •20% equity on ₱3M condo = ₱600,000 spread over 24 months = ₱25,000/month
- •Lower equity means higher loan amount and monthly amortization
Tips & Best Practices
- ✓Higher equity = lower monthly amortization
- ✓Some developers offer 10% equity for preselling
- ✓Equity payments during preselling are typically interest-free
More in Financing Terms
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