What will keep Philippine property market ‘hot’ in 2014? (ABS-CBN News)

'PH property sector one of best investment sites in Asia' (ABS CBN News)

‘PH property sector one of best investment sites in Asia’ (ABS CBN News)

What will keep Philippine property market ‘hot’ in 2014? (ABS-CBN News)

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 Asia Pacific.

CBRE Philippines chairman Rick Santos said the property sector will continue to accelerate, driven by the demand for office space from the business process outsourcing industry.

“No longer is the Philippines an underestimated market, investors now see the sweet spot that it is in all property fronts – office, residential, industrial, retail and leisure… We think 2014 will be the best market we’ve seen in 20 years in the Philippines, especially in the BPO outsourcing side,” he said in a press briefing on Thursday.

Santos cited the Urban Land Institute’s 2014 survey which showed the Philippines ranked 4th in investment prospects in Asia Pacific, behind Tokyo, Shanghai and Jakarta.

With its strong economy and young demographic, the Philippines was considered the best bet market for office, residential and retail sectors.

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For Sale – Vista Residences Katipunan, Quezon City PH

Vista Residences Katipunan, Quezon City (Philippines)

Vista Residences Katipunan, Quezon City (Philippines)

Vista Residences Katipunan – Katipunan forms Vista Residences’ 2nd university project instalment. Conveying Camella’s tradition of bringing quality and affordable living spaces, the project aims to provide the collegiate population of Katipunan with their housing needs. After all, your class A kids, deserve a class A home.

Standing at 26-story tall, this single-tower project is specifically designed to provide its future dwellers a safe and secure home-away-from-home option as they choose to study in the finest universities in the Katipunan area. It also boasts an impressive option for investment, as the ever-increasing student population demand for quality and accessible residential choices during the most important years of their college lives.

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Not time yet to relax cooling measures: CEOs (Business Times SG)

Not time yet to relax cooling measures: CEOs (Business Times SG)

Not time yet to relax cooling measures: CEOs (Business Times SG)

[SINGAPORE] Despite a drastic drop in home sales and sliding home prices, cooling measures for the property sector should not be rolled back just yet, say CEOs and industry-group leaders polled by The Business Times.

Latest figures show home sales falling to their lowest since January 2009, while URA’s overall private housing price index dipped 0.8 per cent over the quarter in Q4, against a 0.4 per cent rise in Q3.

Still, it may be premature to say the property market is stabilising, according to contributors to BT’s “Views from the Top” column published today.
“More time is needed to assess that the cooling measures have indeed sustained their objective of managing property speculation,” said Max Loh, country managing partner at Ernst & Young.

Anecdotal evidence also suggests that demand for property remains hot. Lim Soon Hock, managing director of boutique corporate advisory firm Plan-B ICAG Pte Ltd, says: “If the frenzy at launches is anything to go by, the cooling measures should stay.”

Prices are also still more than 50 per cent higher compared with 2009, points out Toby Koh, group managing director of Ademco Security Group.

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For Sale – Signa Designer Residences, Makati City PH

Signa Designer Residences, Makati City (Philippines)

Signa Designer Residences, Makati City (Philippines)

Signa Designer Residences is the dream home for a new breed of highly accomplished professionals and urbanites with refined tastes and uncompromising aesthetics.

Live the high life in a space that reflects your personality and lifestyle. The Philippines’ first designer residences, Signa Designer Residences was created by world-renowned designers like Budji Layug, Royal Pineda and Kenneth Cobonpue. Enjoy premium amenities and facilities in an artistic and tropical-inspired urban haven right in the center of the Makati Commercial and Business District. The collaboration of Robinsons Land Corporation with three renowned designers ( Budji Layug + Royal Pineda + Kenneth Cobunpue ) will set the tone for an artist-inspired and aesthetically-ambitious development on a prime property owned by Security Land Corporation. Such collaboration is envisioned to create a masterpiece that will complement the dynamism in Makati and shall be known as the First Designer Residence in the country. Buyers of Signa Designer Residences will have the option to choose the color package of their unit from two Designer Series options.

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For Sale – Magnolia Residences, New Manila Quezon City PH

Remember this?

Magnolia Ice Cream House, Quezon City

Magnolia Ice Cream House, Quezon City

pic-magnoliaresidences-16

On a day like this, you and your family use to come down to the Magnolia Ice Cream House to enjoy a scoop or two and talk about how good life is and will be.

Robinsons Residences wants to welcome you back to that place… just tad better.

Magnolia Residences, New Manila Quezon City PH

Magnolia Residences, New Manila Quezon City (Philippines)

Robinsons Land pays homage to an unforgettable landmark in New Manila with The Magnolia Residences.

Constructed where the old Magnolia House once stood, this residential condominium development lets residents enjoy a lifestyle from an era characterized by harmonious neighborhoods, child-friendly ambiance, and a slower, more-relaxed pace of life.

pic-magnoliaresidences-01

A peaceful and serene atmosphere combined with modern amenities and a convenient location results to a unique property with the charm of the past and the comforts of the future.

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For Sale – Celadon Park, Santa Cruz Manila PH

Celadon Park, Manila (Philippines)

Celadon Park, Santa Cruz Manila (Philippines)

Celadon Park stands out as a picturesque, tranquil getaway in the heart and haven of glorious Manila. Tower Three is the final tier of Celadon Park, completing an outstanding community dedicated to preserving your priceless relaxation and rejuvenation.

Ayala Land‘s first foray into Manila, Celadon Manila, is an integrated business, retail and residential development that continually pushes the envelope of contemporary urban living.

Vertex One, a sleek and BPO-ready 14-storey stand-alone building is anticipated to be the largest Business Process Outsourcing (BPO) site in the city.

Celadon Residences and Celadon Park completes the residential portion of the development. Celadon Residences, with its Mediterranean-inspired townhomes, lush landscaped gardens with its very own Village Park, is an intimate community where interaction among residents is guaranteed. Celadon Park, a vibrant three-tower high-rise community meticulously designed to suit the needs of the urban achievers of today also houses an integrated leisure club amenity and retail shops at the ground floor of Tower 3 to provide a wide array of food choices and services.

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PH Economy seen growing by 7.5% this year

Philippine Economy seen growing by 7.5% this year (via PhilStar.com)

PH Economy seen growing by 7.5% this year (via PhilStar.com)

MANILA, Philippines – First Metro Investment Corp. (FMIC), the investment banking arm of the Metrobank Group, expects the Philippine economy to remain strong this year, growing 7.5 percent from an estimated 7.4 percent in 2013.

During their annual economic briefing, FMIC chairman Francisco Sebastian said the domestic economy will likely remain resilient this year, anchored on strong economic fundamentals.

“Our fundamentals remain intact and will be able to withstand volatilities in 2014, be it domestic or global,” Sebastian said.

He noted that the country had survived the numerous challenges of 2013.

“The year 2013 is a year marked by natural calamities and uncertainties both in the developed and emerging market, but may also be remembered as a year when the Philippines achieved investment grade status. The country has shown resilience, we are still the best performing economy in ASEAN with a 7.4 percent GDP growth in the first nine months of 2013,” he said.

“In 2014, the country’s GDP is projected at 7-7.5 percent, buoyed by the same growth drivers that continue to fuel the economy plus the robust reconstruction and rehabilitation work in typhoon and earthquake stricken Visayas, which will further spur public and private spending,” he added.

 

For his part, FMIC president Roberto Juanchito Dispo said their bullish forecast remains despite a possible two percent drop in agricultural output caused by natural calamities in 2013.

Dispo also warned against the existence of risk factors such as electricity rates that would possibly affect growth this year.

He said any delay in reconstruction and rehabilitation in the calamity-stricken areas would also hinder growth.

Other factors that could stall growth are political issues, inflated property assets and external developments.

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