Be aware of the changes in the real estate industry. We’ve chosen 5 stories to keep you updated on the country’s real estate sector.
Good news all around for the start of the new year. Manila just made it to a list of top 30 cities, and Cebu’s real estate sector is expected to perform really well in 2015. Clark in the mean time, have 11 groups interested in undertaking development projects.
In Cebu, real estate predicted to boom this year
Cebu’s real estate sector is expected to boom this year as many national real estate developers turn their attention to the city, and local real estate developers rapidly expanding within the Queen City of the South. Players are also predicting lower down payment schemes, rent-to-own offers, and more choices for those looking to buy a property in the city.
Philstar; January 2, 2015
Manila, part of the Top 30 cities in the World
The Philippines’ capital was included for the first time ever in JLL’s list of top 30 cities. The top 30 cities listed account for over 50% of total commercial real estate investment and are considered as the world’s largest business centers.
ABS-CBN; January 8, 2015
Century Properties’ pre-sales for 2015 projects reach P15B
Century Properties posted a total of P15B for their development projects that will be completed 2015. The reservation sales mostly came from projects that catered to affordable and mid-income markets. 6 of their projects are now 95% sold.
Manila Bulletin; January 8, 2015
11 groups interested in development projects in Clark Green City
The Bases Conversion Development Authority (BCDA) announced that at least 11 local and foreign investors are interested in developing portions of Clark Green City in Pampanga. The 9,450 hectare city is heralded as the “international business hub of the southeast asian region.”
Inquirer; January 9, 2015
Metro Manila not as appealing anymore among foreign investors
Metro Manila dropped four spots in investor interest this year. Based on Urban Land Institute’s “Emerging Trends in Real Estate 2015” report, the capital’s drop to the 8th spot is caused by foreigners being cautious of the effects of the interest rate hikes in the US.
Interaksyon.com; January 9, 2015