Real Estate

NCR office vacancy rates feared to hit new highs in 2022

Published by rudy Date posted on November 26, 2021

By: Doris Dumlao-Abadilla – Reporter, Philippine Daily Inquirer, 26 Nov 2021 The office vacancy rate in Metro Manila may hit new highs in 2022 with the influx of new supply from property developers, according to property consulting firm KMC Savills. In its third quarter property report, KMC Savills noted that the office vacancy rate in…

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Property prices continue to drop

Published by rudy Date posted on September 27, 2021

by Lawrence Agcaoili – The Philippine Star, 27 Sep 2021 MANILA, Philippines — The year-long slump in the prices of condominium units dampened the national housing prices for the second straight quarter amid weak demand caused by the impact of the pandemic.

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Metro Manila office landlords cut rents, offer concessions to keep tenants

Published by rudy Date posted on September 1, 2021

By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, 1 Sep 2021 MANILA, Philippines — As office vacancy rates hit record highs amid recurring lockdowns due to spiraling COVID-19 cases, Metro Manila’s landlords — previously less accommodating to office tenants compared to shopping mall occupiers — have been forced to offer unprecedented rental concessions to make their corporate…

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Demand for staff housing surges over 70% in a year

Published by rudy Date posted on May 9, 2021

by (The Philippine Star), 9 May 2021 MANILA, Philippines — MyTown, the country’s largest co-living brand, had seen a significant increase in corporate partnerships for staff housing over the last 12 months.

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Office vacancy rate highest in 12 years

Published by rudy Date posted on April 25, 2021

by Elijah Felice Rosales (The Philippine Star), 25 Apr 2021 POGO exit, work-from-home setup add to empty spaces MANILA, Philippines — The shift to work-from-home setup and the exit of offshore gaming companies have worsened the office space vacancy rate in Metro Manila to a new high since the global financial crisis, a global property…

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High rentals, low pay: Manila among region’s costliest places

Published by rudy Date posted on April 22, 2021

BY CAI ORDINARIO, Businessmirror, 22 Apr 2021 DUE to high rent prices and low salaries, Manila is considered one of the most expensive places to live in Southeast Asia, according to the latest study by iPrice Group’s research.

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Q1 office space demand gets a lift from e-commerce

Published by rudy Date posted on April 13, 2021

by BusinessWorld, 13 Apr 2021 E-COMMERCE expansion backed some recovery in office space demand in the first quarter, Leechiu Property Consultants (LPC) said.

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Demand shift from condos to houses and lots supports home prices

Published by rudy Date posted on March 26, 2021

By Ian Nicolas Cigaral(Philstar.com), 26 Mar 2021 MANILA, Philippines — A surge in demand from people ditching expensive condominiums for bigger spaces away from suffocating city lockdowns pushed up home prices in the last quarter of 2020, and the ascent is likely to be sustained by the shift in buyers’ preference.

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Pandemic overhang brings property sector from cool to chill this year

Published by rudy Date posted on February 9, 2021

by Ian Nicolas Cigaral (Philstar.com), 9 Feb 2021 MANILA, Philippines — The Philippines’ hot property sector is sizzling with unoccupied spaces carried over from 2020, which are bound to keep prices in check this year, property consultants have said.

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‘Metro Manila office vacancy rate highest in over a decade’

Published by rudy Date posted on October 30, 2020

by Catherine Talavera (The Philippine Star), 30 Oct 2020 MANILA, Philippines — Vacancy in the Metro Manila office market is seen to post its highest level since the global financial crisis by the end of the year, driven by Philippine offshore gaming operators (POGOs) vacating spaces and business process outsourcing (BPO) firms rationalizing their office…

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POGOs are packing up

Published by rudy Date posted on October 23, 2020

by Iris Gonzales, 23 Oct 2020 Indeed, thousands of square meters of office space are now vacant with no hope of being filled up in the near future due to COVID-19 fears and tax policies viewed as unfavorable by most POGO operators and their service providers.

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Troubling issues by developers in Cebu City

Published by rudy Date posted on October 20, 2020

by Bobit S. Avila (The Philippine Star), 20 Oct 2020 The Island of Cebu was dubbed by the Conde Nast magazine as the Best Island in Asia, besting Boracay, the holder of the title for many years. I call it an add-on to last year’s grandiose Tourism Growth for Region-7. This is great news for…

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Pogo exodus seen to empty more than a tenth of Metro Manila offices, condo units

Published by rudy Date posted on September 23, 2020

by Ben O. de Vera, Philippine Daily Inquirer, 23 Sep 2020 MANILA, Philippines—The exodus of Philippine offshore gaming operators (Pogos) will not only shed tax revenues but also leave behind sizable office and condominium spaces empty, which was last seen during the Asian financial crisis over two decades ago.

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Property hunters dump condos for houses in lockdown period

Published by rudy Date posted on August 24, 2020

By Ian Nicolas Cigaral(Philstar.com), 24 Aug 2020 In a report released Monday, online property marketplace Lamudi said it saw a “switch” in property hunters’ preferences from financial districts to non-CBD properties during the enhanced community quarantine (ECQ) in Luzon. Lack of public transportation during the lockdown period is to blame. MANILA, Philippines — Property seekers…

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Pandemic tempers hot Philippine property market

Published by rudy Date posted on July 28, 2020

by Prinz Magtulis (Philstar.com), 28 Jul 2020 MANILA, Philippines — Developers are facing up to 30% drop on sales this year as the pandemic not only weakens demand for property, but also stalls new projects in one of the Philippines’ booming economic sectors.

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KMC Savills: Key considerations of office tenants on business continuity: @InquirerBiz

Published by rudy Date posted on May 12, 2020

KMC Savills: Key considerations of office tenants on business continuity: ⁦@InquirerBiz⁩ pic.twitter.com/iNvZo8ruh3 — DorisDumlao-Abadilla (@Philbizwatcher) May 12, 2020

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Manila among most dynamic cities

Published by rudy Date posted on January 25, 2020

By: Amy R. Remo, Philippine Daily Inquirer, 25 Jan 2020 Manila rose four notches to rank eighth among 130 business hubs in a global index that identifies the world’s “most dynamic cities.”

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Lack of builders threatens property sector—Colliers

Published by rudy Date posted on December 26, 2019

by Jenniffer B. Austria, Manila Standard, 26 Dec 2019 An acute shortage of skilled construction workers threatens the growth of the property sector in 2020, according to consulting firm Colliers International Philippines.

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34 substantive and procedural laws on condominium units

Published by rudy Date posted on December 7, 2019

By: Atty. Sara Mae D. Mawis, Dean Ma. Soledad Deriquito-Mawis, Philippine Daily Inquirer, 7 Dec 2019 Demand for residential property, particularly condominium units, has steadily increased in the Philippines.

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AboitizLand partners with Point Blue

Published by rudy Date posted on September 23, 2019

By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, 23 Sept 2019 AboitizLand has made its debut in Metro Manila’s property market, choosing the residential apartment-for rent business as its vehicle with a fresh deal to buy 50 percent of microstudio apartment developer Point Blue.

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Pogo sector overtakes IT-BPO in office space use

Published by rudy Date posted on September 17, 2019

by Doris Dumlao-Abadilla, Philippine Daily Inquirer, Sep 17, 2019 The fast-growing Philippine offshore gaming operator (Pogo) industry has overtaken the information technology-business process outsourcing (IT-BPO) industry as the biggest market for new office space in Metro Manila and could contribute as much as $11.6 billion to the economy this year.

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Philippine property sector to withstand global headwinds — Colliers

Published by rudy Date posted on September 12, 2019

by Ian Nicolas Cigaral (Philstar.com) – Sept 12, 2019 MANILA, Philippines — The Philippine property sector should withstand external headwinds that are threatening the global economy amid “strong appetite” for commercial and residential spaces in the country, property consultancy Colliers International said.

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Can property companies survive without Pogos?

Published by rudy Date posted on August 26, 2019

By: April Lynn Tan, Philippine Daily Inquirer, Aug 26, 2019 Property companies are among the worst performers in the Philippine Stock Exchange (PSE) this August. The main reason for their poor performance is news that China wants the Philippines to ban online gambling, a request it made after it lauded the Philippine Amusement and Gaming…

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Real-estate sector fate tied with ‘POGO’-expert

Published by rudy Date posted on August 16, 2019

By Samuel P. Medenilla, Business Mirror, Aug 16, 2019817 FOR good or for bad, the fate of they country’s real-estate industry is now tied with the Philippine Offshore Gaming Operators (Pogo), which employ hundreds of thousands of foreign workers whose need for housing and work stations has caused property rates to spike.

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China’s crackdown on Philippine casinos hits the property sector

Published by rudy Date posted on August 8, 2019

Read more here.

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As Chinese, investors flock to PH, real estate is winner

Published by rudy Date posted on April 12, 2019

By: Ronnel W. Domingo, Philippine Daily Inquirer, Apr 12, 2019 The growth in Philippine-bound investments and tourist arrivals from mainland China is expected to help keep the domestic real estate sector along an upward trajectory in 2019, based on positive positions across segments seen so far in the first quarter.

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Anchor Land debuts into BPO dorm business

Published by rudy Date posted on January 15, 2018

By: Doris Dumlao-Abadilla – Reporter / @philbizwatcher Philippine Daily Inquirer, Jan 15, 2018 An artist’s rendition of Anchor Land’s first urban bed-spacing project Cosmo Suites Property developer Anchor Land is debuting into the dormitory development business with a commitment to invest at least P5 billion to make available around 10,000 beds to business process outsourcing…

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Uncertainty over BPO perks weighs on PHL office market

Published by rudy Date posted on February 15, 2017

By Keith Richard D. Mariano, Businessworld, Feb 15, 2017 UNCERTAINTIES over the grant of incentives to business process outsourcing (BPO) firms have weighed on the Philippine office market, according to a property consultancy, as the government’s investment priority shifts away from service exports.

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Metro Manila beats Tokyo, Singapore in most attractive hubs for developers

Published by rudy Date posted on January 14, 2017

By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, Jan. 14, 2017 Metro Manila is among Asia-Pacific’s most attractive urban hubs for developers and yield-seeking real estate investors this 2017, especially in the office and shopping mall space, based on the latest research on emerging trends in real estate commissioned by Urban Land Institute (ULI) and global advisory…

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Rents seen to rise amid growing demand from outsourcing firms, low vacancies

Published by rudy Date posted on November 26, 2016

By: Amy R. Remo – Reporter, Philippine Daily Inquirer, November 26, 2016 The Philippine office property market may see a continued rise in rental rates over the short term despite the growing demand from outsourcing and offshoring companies. This was based on the latest Asia Pacific Property Digest of JLL, a global professional services and…

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