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Study shows Manila property market becoming more attractive


MANILA, Philippines—Once a regional laggard, Manila is getting to be one of Asia-Pacific’s most appealing property markets amid escalating concerns over high property prices in China’s core markets.

According to the findings of recent research published by Urban Land Institute and PwC “Emerging Trends in Real Estate® 2013,” Manila ranked 11th out of 22 regional markets ranked in terms of investment prospects and ninth in terms of development prospects, marking a rapid rise from near the bottom of the rankings in previous years’ polls.

Manila was ranked 18th in the outlook for 2012 and 20th in the two years before that.  This is the 7th edition of this trends and forecasts publication, which is based on the opinions of more than 400 internationally renowned real estate professionals, investors and other stakeholders.

Colin Galloway, principal author of the report, said in a presentation Thursday night he was surprised that the Philippine did not rank higher given the number of positive developments in this market.  But he said that, since it usually takes time for all recent developments to be digested by the market, next year’s edition would likely show even more favorable results, even catapulting this market to a leading position.

Manila has fared well in specific property segments, especially in the secondary or rental apartment residential segment, where it ranked second to Jakarta.  The ranking was based on the percentage of “buy” recommendations of survey respondents as opposed to “hold” or “sell.” Jakarta had a “buy” rating from 43.62 percent while Manila had 36.46 percent.    The residential rental segment is where Manila got its best rating in this report but it also ranked high in office (6th) and hotel (8th) property segments.

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Tags: Business , property , Real Estate

  • ProudPinoyinLosAngeles

    United Philippines I mean! There, I corrected myself before you try to say something idiotic just because of a tiny typograhical error. LOL

  • http://www.facebook.com/profile.php?id=100003712489179 Michelle Martin

    Indeed, Manila is becoming more and more attractive. Go Forward Philippines!!! :D 

  • Bring back Phils Glory. Unite.

    the government should also try to protect the landlords. there are many tenants that do not pay their rent. they are another form of professional squatters they take advantage of big supply of housing units. creating competition between landlords so the latter would grab the immediate available tenants.

    these tenants would try to pay down payment of one month advance and one month rent, and sometimes only one month. after which they will keep on giving you alibis on monthly payment. since if you are an amateur landlord you would give some allowance and pity on them. but they would reach longer perhaps 6 months you just cannot let them leave because THE LAW PROTECTS THEM.

    if the landlords would be given enough protection, they would get more units because they know that their planned investment on real estate with intention of renting them out would be sufficiently protected by the law.

    it was my earlier plan for my retirement to buy units so i can have steady stream of income when i return back for good but how it went is not that encouraging. the government should do something about this situation. we worked hard for our money to buy real estate to rent out only that the law is favoring the irresponsible tenants. i can badmouth these people!

    • akamai_kolohe

       Try imposing a 2 month security deposit (refundable w/ no interest) + 3 month advance rent in the contract before tenant can move-in.  Ensure that these items are stated in the lease contract.  Failure to comply with provisions in your contract can or will result in eviction.  Hope this helps. Salamat.

    • akamai_kolohe

       My personal advise is to hire a reputable property manager to represent & handle your interest & legwork.  Also institute a 2 or 3 months refundable security deposit (w/ no interest) & 2-3 months advance rent to be settled before move-in day plus post-dated cheques for the remainder of their monthly obligation.  Failure to comply with provisions of the lease contract can or will nullify/revoke the agreement.  Their fee is worth it and saves you the headache of dealing directly with prospective or existing tenant.  I believe there is also a standard landlord/tenancy lease agreement available which you and your legal adviser can modify to suit your requirement.  Hindi ako nakatira sa P.I. pero this arrangement work well for us so far, isang tao lang ang kausap namin.  Salamat.

      • Bring back Phils Glory. Unite.

        maraming salamat @akamai

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