MORE NEWS............
Most expensive condo in Makati nearly half sold
By VG Cabuag,Business Mirror, June 28,2019
THE joint venture of the real-estate arm of the Ty and Sy families has already sold 40 percent of the country’s most expensive condominium in Makati months before its launch in September this year.
The development called The Estate Makati along Ayala Avenue has an average price of nearly P600,000 per square meter, making it the country’s costliest residential property to date, aimed at housing what it calls the captains of the industry and investors.
“It is extremely rare for a 50-50 joint venture in the country because we are very comfortable with each other. There are other possibilities that may happen in the future,” Federal Land President Pascual M. Garcia III said. He also heads ST 6747 Resources Corp.
More details...
By VG Cabuag,Business Mirror, June 28,2019
THE joint venture of the real-estate arm of the Ty and Sy families has already sold 40 percent of the country’s most expensive condominium in Makati months before its launch in September this year.
The development called The Estate Makati along Ayala Avenue has an average price of nearly P600,000 per square meter, making it the country’s costliest residential property to date, aimed at housing what it calls the captains of the industry and investors.
“It is extremely rare for a 50-50 joint venture in the country because we are very comfortable with each other. There are other possibilities that may happen in the future,” Federal Land President Pascual M. Garcia III said. He also heads ST 6747 Resources Corp.
More details...
Real Estate Remains the Most Preferred Investment for Overseas Filipinos
by Ritchel Mendiola
A recent survey by the New Perspective Media Group revealed that up to 80 percent of overseas Filipino workers (OFWs) in the United Arab Emirates and the Gulf are considering buying property in the Philippines within the next 12 months.
According to the poll taken by 10,000 Filipino expats, property is the most preferred investment with 55 percent, followed by franchised business or start-up business with 25 percent. Savings account and money market funds (mutual funds) were third with 15 percent, while insurance (3 percent) and gold (2 percent) were fourth and fifth, respectively.
More details...
by Ritchel Mendiola
A recent survey by the New Perspective Media Group revealed that up to 80 percent of overseas Filipino workers (OFWs) in the United Arab Emirates and the Gulf are considering buying property in the Philippines within the next 12 months.
According to the poll taken by 10,000 Filipino expats, property is the most preferred investment with 55 percent, followed by franchised business or start-up business with 25 percent. Savings account and money market funds (mutual funds) were third with 15 percent, while insurance (3 percent) and gold (2 percent) were fourth and fifth, respectively.
More details...
Sustained economy propels PH property
by Joey Roi Bondoc (Colliers International Philippines Senior Manager for Research)
Philippine Daily Inquirer 03:14 AM July 06, 2019
The Philippine property sector has been on an upswing. Key macroeconomic indicators point to a sustained GDP growth over the near to medium term.
Perennial growth drivers such as household consumption remain robust while manufacturing and foreign investments’ combined contribution to aggregate economic output continues to expand. These are complemented by the Duterte administration’s push to aggressively build crucial public projects such as airports, railways, and expressways, thus lending strong support for the government’s goal of spurring business opportunities outside the country’s capital. More details....
by Joey Roi Bondoc (Colliers International Philippines Senior Manager for Research)
Philippine Daily Inquirer 03:14 AM July 06, 2019
The Philippine property sector has been on an upswing. Key macroeconomic indicators point to a sustained GDP growth over the near to medium term.
Perennial growth drivers such as household consumption remain robust while manufacturing and foreign investments’ combined contribution to aggregate economic output continues to expand. These are complemented by the Duterte administration’s push to aggressively build crucial public projects such as airports, railways, and expressways, thus lending strong support for the government’s goal of spurring business opportunities outside the country’s capital. More details....
Watch out for rise of REITs, investors told
by Christine Cudis, PNA
MANILA -- Since the passing of Republic Act 9856 in 2009, stakeholders of the real estate sector have been eagerly anticipating the realization of the Real Estate Investment Trust (REIT) vision.
A REIT is a publicly-listed stock corporation that owns income-generating real estate assets, such as malls, offices, and hotels. Envisioned to promote the development of the capital market, REITs are instruments to generate capital. REIT companies are also mandated by law to distribute 90 percent of their retained earnings as dividends, which benefit investors.
More details.....
by Christine Cudis, PNA
MANILA -- Since the passing of Republic Act 9856 in 2009, stakeholders of the real estate sector have been eagerly anticipating the realization of the Real Estate Investment Trust (REIT) vision.
A REIT is a publicly-listed stock corporation that owns income-generating real estate assets, such as malls, offices, and hotels. Envisioned to promote the development of the capital market, REITs are instruments to generate capital. REIT companies are also mandated by law to distribute 90 percent of their retained earnings as dividends, which benefit investors.
More details.....