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All Forum Posts by: Jeff M.

Jeff M. has started 4 posts and replied 15 times.

Post: Philippine Real Estate News And Current Updates

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

HOW THE PANDEMIC CRATED POSITIVE CHANGES IN METRO MANILA'S PROPERTY MARKET

"According to a report by its central bank, released in late September, nationwide residential property prices grew by 27.1 per cent year-on-year in the second quarter of 2020, recording the highest growth rate since quarter one 2016. The Bangko Sentral ng Pilipinas (BSP)’s report cited stronger demand for high-end projects as a key driver, pushing the average price per square metre upwards.

The greatest contributors to the price uptick were loans for the purchase of condominium units, particularly those in Metro Manila (the National Capital Region, NCR) and single attached or detached houses.

Joey Bondoc, senior manager at Colliers International, admits the firm has been “pleasantly surprised” by the performance of the pre-selling residential market in Metro Manila."

Post: Philippine Real Estate News And Current Updates

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

PHL Home Prices Surge Amid Pandemic

Home prices surged by a record 27% in the second quarter, driven by strong demand for high-end residential projects and an uptick in costs amid the pandemic-induced lockdown, central bank of The Philippines said.

Read more here: https://www.bworldonline.com/p...

The fundamental reasons for such a bullish outlook for the real estate sector are the young and growing population, the transition of the Philippines from a low-middle income economy to a high-middle income one, and the expansion of economic activities away from the National Capital Region to other alternative metropolitan areas that even before the pandemic had already been growing faster in terms of gross regional product than Metro Manila.

Post: Philippine Real Estate News And Current Updates

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

PHL Home Prices Surge Amid Pandemic

Home prices surged by a record 27% in the second quarter, driven by strong demand for high-end residential projects and an uptick in costs amid the pandemic-induced lockdown, central bank of The Philippines said.

Read more here: https://www.bworldonline.com/p...

The fundamental reasons for such a bullish outlook for the real estate sector are the young and growing population, the transition of the Philippines from a low-middle income economy to a high-middle income one, and the expansion of economic activities away from the National Capital Region to other alternative metropolitan areas that even before the pandemic had already been growing faster in terms of gross regional product than Metro Manila.

Post: Philippine Real Estate News And Current Updates

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4
Originally posted by @Christian Cramer:

A real estate agent in the Philippines says its a good time to buy? 

Similar to asking a barber if you need a haircut. 

The Philippine real estate is still the best place for long term investments. Local investors usually buys from a reputable developer at pre-construction stage, with annual growth rate at 9%.

Post: Philippine Real Estate News And Current Updates

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

@Michael Robbins I agree. The Philippines is one of the most dynamic economic region in East Asia Pacific also the most promising emerging market in the world in the next 20-30 years. These reports are from The World Bank, Oxford Economics, and The Economist, tho the studies were made before Covid-19 outbreak but continued to be relevant.

Post: Philippine Real Estate News And Current Updates

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

Strong Investor Confidence In Resilient Property Sector


“Previous crises have shown that prices recover immediately once market sentiment and business activities start to improve. During the Asian financial crisis, prices of condominium dropped between 9 percent and 14 percent from 1998 to 1999, followed by a recovery in 2000 when prices grew by 24 percent. The same trend was observed during the global financial crisis when prices dropped by 1.5 percent in 2009 and immediately recovered in 2010 with a 2.1 percent increase in average prices,” Colliers International Philippines had said.

Read more: https://business.inquirer.net/307174/strong-investor-confidence-in-resilient-property-sector#ixzz6XzvzOCxw

Post: Philippine Real Estate News And Current Updates

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

Strong Investor Confidence In Resilient Property Sector


“Previous crises have shown that prices recover immediately once market sentiment and business activities start to improve. During the Asian financial crisis, prices of condominium dropped between 9 percent and 14 percent from 1998 to 1999, followed by a recovery in 2000 when prices grew by 24 percent. The same trend was observed during the global financial crisis when prices dropped by 1.5 percent in 2009 and immediately recovered in 2010 with a 2.1 percent increase in average prices,” Colliers International Philippines had said.

Read more: https://business.inquirer.net/307174/strong-investor-confidence-in-resilient-property-sector#ixzz6XzvzOCxw

Post: Wholesaling condo (pre-selling stage)?

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

As long as you buy from a reputable developer with good track record. There’s nothing wrong buying at pre selling stage. In fact, they are sold at introductory price of 30% more or less lower than existing ones. Some property developers offer flexible schemes and discounts. You also have a wide array of options for your unit (floor, orientation or views) also the advantage of buying a pre selling is the capital growth, real estate value appreciates over time especially in prime location. Maker value of pre-selling properties have already increased considerably by the time of their completion.

Post: Knight Frank Prime Global Cities Index Q2 2020

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

Sharing you Knight Frank's Prime Global Index for Q2 2020: https://content.knightfrank.co...

High-end housing markets across the globe, beleaguered by the coronavirus pandemic and the accompanying damage to the economy, have reached their lowest rate of annual growth in almost a decade, according to the latest prime cities index from Knight Frank. 

Meanwhile, the high-end homes in Manila, Philippines, recorded the highest price growth in the year to June, up 14.4%, according to the report. Tokyo and Stockholm followed, where prices increased 8.6% and 4.4%, respectively.

Post: Condominium In Philippines

Jeff M.Posted
  • Manila, Philippines
  • Posts 18
  • Votes 4

@Marc Estepa Upscale and luxury condominiums located in prime central business district would cost around $350,000 to $400,000 for a 1 bedroom unit. And if you were to turn it into a rental property, in terms of price per sqm, here are examples of the luxury condominiums by Ayala Land Premier, prices based on our listings.

Makati City

  1.  Garden Towers, 1 bedroom unit 72 sqm price at $25.7 to $27 per sqm
  2.  Park Terraces, 2 bedroom unit 155 sqm price at $26 per sqm

        Bonifacio Global City

        1. West Tower at One Serendra, 1 bedroom unit 84 sqm price at $25 per sqm
        2.  East Tower at One Sernedra, 2 bedroom unit 176 sqm price at $26.4 to $27 per sqm

        Majority of the renters are wealthy locals and some are expats. I am a real estate agent of Ayala Land. I would recommend going for a reputable developer like Ayala Land, Megaworld, and Shangri-la these are the best developers in Philippines and also having a good property management to help you with your future investment.