Properties in southwest Metro Manila is expected to rise, the Philippines receives stable ratings from debt-watcher and more
Know the pulse of the country’s real estate industry. We’ve collected five stories this week to keep you updated with the current developments of the industry.
This week we’ve heard much about what to expect for the real estate industry next year. Prices of properties located in southwest Metro Manila is projected to rise in 2015, Filinvest land will invest 35 billion pesos for a township in Cebu, and the country received a stable credit rating from debt-watcher, Fitch Ratings.
Southwest Metro Manila property prices increase
Completed housing projects and infrastructure are cited as the main factors in the rising prices of properties located in southwest cities of the capital. In particular the "Southern Manila West Growth Area (WGA)" which includes western portions of cities Las Pinas and Muntinlupa will experience growth in land value in the next five years.
GMA News; December 15, 2014
Property industry to continue bullish growth in 2015
According to property consultancy firm JLL, the bullish sentiment in the real estate industry will continue to 2015, with BPO (business process outsourcing) and OFWs cited as the main drivers in demand.
Inquirer; December 15, 2014
Country receives stable credit ratings from Fitch Ratings
From their yearly report, debt-watcher Fitch Ratings has given the Philippines a stable rating and outlook for the year 2015. The report mentioned that though the real estate is deemed a potential risk, it could be mitigated due to the BSP's (Bangko Sentral ng Pilipinas) proactive monitoring.
GMA News; December 17, 2014
Filinvest sets aside P35 billion for township in Cebu
Filinvest Land is reported to invest as much as P35 billion for their 50-hectare township project in Cebu. The mixed-use property is called "City de Mare," and 40 hectares of the land will be a joint venture between FLI and the Cebu City Government.
ABS-CBN; December 17, 2014
Century pre-sales amounting to P1.6 billion from Azure North
Century’s first venture in Central Luzon is seeing strong up-take, as two residential buildings in Azure North, generated P1.6 billion during its pre-selling phase.
Manila Bulletin; December 18, 2014