Real Estate

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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Rent, utility costs more worrisome to IT-BPM sector

Published by rudy Date posted on November 2, 2016

By Richmond Mercurio (The Philippine Star), November 2, 2016 Property consultancy firm Colliers International in a recent report said office rental rates, internet costs, and electricity prices are more likely to be considered as threats that could hamper growth in IT-BPM and office demand. MANILA, Philippines – President Duterte’s anti-US stance is the least of…

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Envoy hits ‘A-class’ condo sale abuses

Published by rudy Date posted on April 17, 2016

By Federico D. Pascual Jr. (The Philippine Star), Apr. 17, 2016 WE HAVE been receiving email, mostly expressing concern, after the publication last April 12 of our Postscript titled “‘A-class’ con artists dupe condo buyers.” (The column is archived as http://tinyurl.com/z99oo36 at ManilaMail.com.) Among the readers who have reacted was Theo Arnold, who was for…

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PH real estate industry bullish on ASEAN 2015

Published by rudy Date posted on May 29, 2015

The (ASEAN economic integration in 2015) would require more commercial and residential infrastructure for highly urbanized cities within the region including key cities of the Philippines, according to property developers.

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PHL likely to lead growth in ASEAN property development – CBRE

Published by rudy Date posted on May 28, 2015

The Philippines is expected to lead the Association of Southeast Asian Nations (ASEAN) in terms of growth and development in property development on the heels of figures showing the real estate market was able to sustain its momentum in the first quarter of 2015.

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Economic growth, Asean integration to fuel Philippine property boom

Published by rudy Date posted on April 13, 2015

MANILA, Philippines – The property market remains strong across all sectors as top developers continue to expand due to the sustained growth of the Philippines as well as the impending Asean economic integration. According to Pinnacle Real Estate Consulting Services Inc., the office space sector is robust due to demand from business process outsourcing (BPOs),…

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Experts expect no glut in PH office space

Published by rudy Date posted on April 8, 2015

Investing in office spaces is seen to become an increasingly attractive proposition for many developers, as the country continues to enjoy a steady influx of companies setting up shop in the Philippines.

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These 4 key themes will drive growth in the PH property market this year

Published by rudy Date posted on March 29, 2015

MANILA – KMC MAG group managing director Michael McCullough is bullish about the Philippine property market this year. “There are a lot of reasons for this optimism, chief among them low interest rates, quantitative easing from the central bank, and positive feedback from investors. These factors have helped create a favorable climate for both local…

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Is PH real estate ready for Asean integration?

Published by rudy Date posted on March 23, 2015

Can the Philippines compete with its next-door neighbors in the Asean? Property analysts are one in saying yes, but they also admitted of the presence of some major hurdles on the way. Property analyst Enrique M. Soriano III, Ateneo program director for real estate and senior adviser for Wong+Bernstein Business Advisory, said: “No doubt, the…

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Top 10 predictions for 2015

Published by rudy Date posted on January 22, 2015

Philippine real estate will continue to register healthy growth especially outside Metro Manila (esp. Makati, BGC and Ortigas) in 2015 according to Colliers, although at a more measured, conservative pace. According to experts, this is akin to the market correcting itself after years of impressive growth. See the report here

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What will drive Philippine property market in 2015?

Published by rudy Date posted on January 9, 2015

MANILA – The business process outsourcing (BPO) industry in the Philippines will continue to drive the growth of the country’s real estate market this year, according to a report by the Urban Land Institute (ULI) and PwC.

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Think tank warns of property bubble

Published by rudy Date posted on August 29, 2014

Artificial rise in standard of living threatens economy MANILA, Philippines–A damaging bubble in the country’s property sector may be forming due to record-low interest rates, according to a British think tank.

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Philippine index to monitor property risk, central bank says (1)

Published by rudy Date posted on March 3, 2014

The Philippine central bank is set to introduce a residential property-price index in the first half of the year as it intensifies monitoring of asset-bubble risks, Deputy Governor Diwa Guinigundo said.

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Popular BPO sites driving PH property up

Published by rudy Date posted on February 22, 2014

A robust business process outsourcing (BPO) sector—which is expected to remain strong in 2014—will drive the real estate industry further up this year. The country’s outsourcing industry will still be one of the best in Asia. CBRE Philippines said that as more occupiers relocate to the country, expansionary growth in Metro Manila’s fringes and provinces…

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Analysts see realty industry picking up the pace in 2014

Published by rudy Date posted on February 7, 2014

The real estate sector doesn’t seem to show any signs of slowing down this year, according to property analysts. The year 2013, for Enrique M. Soriano III, Ateneo program director for real estate, was relatively stable. “The sector weathered local and regional challenges,” said Soriano, who is also a senior adviser for Wong+Bernstein Business Advisory.

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Phl property sector seen to sustain growth this year

Published by rudy Date posted on January 24, 2014

MANILA, Philippines – The Philippine property sector is expected to continue to grow this year as the country is seen as one of the best investment sites in the region and as the business process outsourcing (BPO) sector continues to expand and create demand for office space as well as other real estate developments, consultancy…

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What will keep Philippine property market ‘hot’ in 2014?

Published by rudy Date posted on January 23, 2014

MANILA, Philippines — What’s going to keep driving the growth of the Philippine property sector this year? Leading commercial real estate services firm CBRE Philippines is confident the Philippine property sector will continue to remain buoyant in 2014, as it says more foreign investors are finally recognizing the country as a top investment spot in…

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The impact of the 2015 Asean integration to PHL real estate

Published by rudy Date posted on December 3, 2013

HOW will the Philippines’s property sector—which has been experiencing growth as of late—fare once Southeast Asian economies merge as one come 2015 when the region formally establishes an Asean Economic Community (AEC)?

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Property bubble angst

Published by rudy Date posted on August 13, 2013

With all the vertical building projects rising in Metro Manila, and even in other major cities in the county, you’d wonder if all of these would be put to good use.

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Why PH developers aren’t building new luxury condos

Published by rudy Date posted on August 7, 2013

MANILA, Philippines (CORRECTED) – Property developers appear to be refraining from launching new luxury residential projects in the country, according to a recent market report by CBRE Philippines.

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No property ‘bubble’

Published by rudy Date posted on May 22, 2013

PROPERTY MARKET growth in the Philippines has so far been healthy, Moody’s Investors Service said, with no reason to believe a bubble is forming.

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Why are more foreigners buying condos in Manila?

Published by rudy Date posted on May 3, 2013

MANILA, Philippines – More and more foreigners are buying residential condominiums in Metro Manila, according to real estate service company Jones Lang LaSalle.

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‘PHL treading on asset-bubble path’

Published by rudy Date posted on April 16, 2013

The Philippines experiencing an asset bubble might be remote now but it is possible that it eventually would, the Asian Development Bank (ADB) said on Tuesday.

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Philippines oversight aims to avert asset bubble: Southeast Asia

Published by rudy Date posted on September 10, 2012

Sept. 10 (Bloomberg) — The Philippines’s move to enhance oversight of real-estate lending this year will help curb speculation and improve its ability to prevent a property bubble from forming, the central bank said.

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Property sector growth unprecedented — report

Published by rudy Date posted on July 3, 2012

The growth of the local real estate sector over the past few years was likely the fastest pace the country has ever experienced. “This has raised concerns for both optimists and skeptics as to where this growth is eventually headed,” real estate consultant Pinnacle Real Estate Consulting Services Inc. said in its latest report.

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‘Phl property market in best shape in 20 years’

Published by rudy Date posted on June 21, 2012

MANILA, Philippines – The Philippines is now experiencing the best real estate market in the last 20 years, real estate and advisory firm CBRE Philippines said yesterday.

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Real-estate industry showing signs of oversupply; ‘careful monitoring’ needed

Published by rudy Date posted on March 27, 2012

THE World Bank is urging the national government to “carefully monitor” the real-estate industry as the country’s real-estate market may be showing signs of oversupply, which could jack up vacancy rates and mute rental growth starting this year until 2014.

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Property market monitored

Published by rudy Date posted on February 6, 2012

The Bangko Sentral has not detected signs of asset price bubbles yet, but is closely watching the housing market, which could become a source of concern.

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Condo demand slackening

Published by rudy Date posted on October 24, 2011

THE residential condo market in the key districts of Metro Manila is exhibiting sideways demand amid a backdrop of increasing supply and a weakening economy, according to an industry report presented last week by Jones Lang LaSalle Leechiu at a housing finance forum organized by Home Guaranty Corp.

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Manila ranked worst property investment site in Asia

Published by rudy Date posted on September 14, 2011

Foreign investors looking to invest in real estate-related businesses have ranked Manila as their last choice among various key cities in the Asia-Pacific.

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