Pinoy Real Estate

What is the real estate forecast for 2012?

2012-01-07T21:45:00Z

Year 2011 was a good year for the real estate market especially for the residential house and lots/lots in the southern part of Metro Manila. Would the Year 2012 be much better? What do the real estate experts say are in store for this year?

Check below the article from the Philippine Daily Inquirer:

Property market bul l i sh in 2012, say experts

8:12 pm | Friday, December 16th, 2011

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(First in a series)

How do property analysts see 2012? What trends will emerge, what will continue, and what will we see less of? Inquirer Property picked the brains of property analysts and real estate brokers.

They have been unanimous in predicting that the property sector will continue to lead the economy, more residential developments, as well as more tourism-oriented projects, will take shape, and that green advocates in the real estate sector will intensify their presence even more. But there are also words of caution: Mid-income developers should “explore more” if they want to stay in the game in 2012.

Wish list

Competition in the mid-income segment will heat up. Enrique Soriano, professor at the Ateneo Graduate School of Business and senior adviser at Wong+Bernstein Business Advisory, estimated that in 2012 and 2013 more than 48,000 residential units would have been completed, with an additional 56,000 units due for completion end of 2015. Condo buyers will have a field day choosing from among the following value propositions:

Developer reputation and brand equity;

Location for convenience to and from schools, hospitals, workplace;

Architect and product concept;

Affordability

Soriano adds new items to the “wish list”:

Homeowner expenses and maintenance charges;

Crime levels and security;

Parking space;

Pollution levels;

Supply of water; and

Future area prospects

There would be more affordable residential units built in 2012.

“My sense is that the market would remain upbeat with residential offerings, I see more low-cost and affordable buildings outside the main CBDs and houses and lots would continue to be the bread and butter in the provincial cities. With the minimum VAT threshold for residential units being adjusted for inflation in 2011, for condominium/house and lots—from P2.5 million to P3.19 million and lots only—from P1.5 million to P1.91 million, residential units will be more affordable next year,” says Paul Vincent Chua, global real estateservices Colliers International’s associate director for valuation and advisory services and head of consultancy and research.

Enhancing beauty of PH

Chua added that the country “will see a lot more tourism-oriented developments as we strive to enhance the beauty of the Philippines on the international scene and get more tourists to visit us.”

There will also be more mixed-use developments as a key strategy for developers as this will maximize the returns on large plots of land.

“The office sector remains to be the largest growing segment of the real estate industry, and we expect this to continue next year,” Chua added.

There’ll be more informed, ethical brokers in 2012. Engineer Enrico Cruz, broker and real estate educator, said that “As we are now seriously professionalizing the real estate service (real estate brokers and salespersons) we will soon be having more educated, well informed and more ethical real estate brokers. This will result in well-guided happy buyers and small investors, resulting further to more real estatedemands and faster buying or investing decisions, resulting further to more development projects, resulting further to more employment of local construction workers and other people for related work,” he said.

Tap new markets

“A word of caution to mid-income vertical developers,” Soriano said. “Tap new markets and explore new product offerings.”

“If they want to stay in the game they must differentiate. Their products must be innovative and compelling. Their service delivery process must be exceptional. Brand equity will be a competitive advantage,” Soriano said.

He also advised developers to target specific developments with a lot of customization, pocket developments in new CBDs. Competition will shift to the homebuying experience, he added, and Internet marketing will play a major role.

A shorter route to Ayala Westgrove Heights

2011-11-25T05:16:00Z

I just read about the opening of Acacia Drive, an exclusive spine road for Ayala Westgrove residents to reach the South Luzon Expressway faster thru the Mamplasan exit. Time is saved as you don't have to pass thru the busy Sta. Rosa-Tagaytay highway.

See article below from Philippine Star last November 18, 2011:

Driving to a milestone: Ayala Westgrove Heights opens Acacia Drive
(The Philippine Star) Updated November 18, 2011 12:00 AM Comments (0)

The opening of the Acacia Gate provides residents shorter and easy drive home that cuts travel time by almost half.

| Zoom

MANILA, Philippines - Twelve years after Ayala Westgrove Heights opened its doors to share the exceptional living experience within a thriving and dynamic community, the development marked another milestone that brings to the fore its ideals of residential living.

With a vision of ensuring that their residents continue to enjoy only the best that the neighborhood has to offer, Ayala Westgrove Heights opens Acacia Drive—an exclusive spine road that will make coming home even more enjoyable.

Acacia Drive, aptly named because of its tree-lined streets and scenic roads, gives residents a more leisurely drive going home. What used to be a 20-minute drive from Alabang is now shorter given that residents who will be issued an exclusive pass to go through the spine road leading to Ayala Westgrove Heights can now take the Mamplasan exit.

“The opening of Ayala Westgrove Heights Acacia Drive means residents are able to cut their travel time by almost half. This makes living in Ayala Westgrove Heights easier, ideal and more accessible,” said Gel La’o, Project Development Manager, Ayala Land Premier.

“Ayala Westgrove Heights nurturing environment allows our residents and even their guests to experience a dynamic community that encourages shared passions. Plus, the property is just less than an hour’s drive from the Makati Central Business District and five minutes away from Nuvali,” adds Mayi Rodriguez, Division Manager, Ayala Land Premier.

Educational institutions, health facilities, business and commercial centers, and recreational zones, such as St. Scholastica’s College, De La Salle University-Canlubang, Brent International School, Asia Hospital, Alabang Town Center, Solenad in NUVALI, and Paseo de Santa Rosa are also within reach from the property.

All things considered, it’s no wonder that residents of Ayala Westgrove Heights enjoy living within this panoramic enclave with a scenic drive home—made even better with the opening of Acacia Drive.

For listings in Ayala Westgrove, please check my website: http://www.phil-realestate-choices.com

When is a good time to buy real estate?

2011-09-06T15:30:00Z

Good question. There are several factors to consider before you know that it is a good time to buy property. One, what is your purpose for buying? Is this for personal use or for investment?

If it is for personal use and your need is immediate, then you have to buy a property right away. If it is for investment, then you have to buy only if it is a good deal.

I recommend you read this article that I come across with in Yahoo online. See http://finance.yahoo.com/news/Is-It-a-Good-Time-to-Buy-Real-usnews-325083932.html?x=0 See questions you should ask yourself before you buy. Go check it out!

For listings, please check out my website: http://www.phil-realestate-choices.com

Apartment For Sale in The Residences At Greenbelt

2011-08-27T19:30:00Z

Developed by Ayala Land

• 131 sq. m., 2 bath, 2 bdrm apartment - $16,000,000 PHP

The Residences At Greenbelt, Makati - The Residences at Greenbelt condo for sale - P22 MILLION OR $520,094.57 (8/27/2011)
With income- renting for P113,000/month. Furnished.

RESIDENTIAL UNIT FEATURES
- Complete kitchen with cabinets for all units
- Two telephone lines per unit and telephone outlets at all bedrooms, kitchen, living/dining
- Audio-video guest annunciator
- CATV for all bedrooms & for living room
- Provision for storage type water heater
- Ducted exhaust system for all bathrooms and kitchens
- Provision for washer/dryer connections for all units
- Individual metering for water and electricity\

For viewing pleasure, please click the virtual tour on the left side.

For tripping, please call +639175201055.

For more listings, please check website: http://www.phil-realestate-choices.com

ABOUT THE RESIDENCES AT GREENBELT (TRAG)

The Residences at Greenbelt complex is located along Antonio Arnaiz Avenue (formerly known as Pasay Road), and the entire complex block is bounded by Paseo de Roxas Avenue, Greenbelt Drive and Esperanza Street. Being inside the Makati Central Business District, it is strategically located near malls, hotels, offices, schools, and entertainment areas. As with its name, it is part of the Greenbelt Complex which includes the Greenbelt Mall. Just right across Greenbelt Drive is the Rennaissance Makati City Hotel.

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2 Story For Sale in Bf Homes Paranaque

2011-08-23T11:54:00Z

• 221 sq. m., 2 bath, 3 bdrm 2 story "Modern Comtemporary" - $7,400,000 PHP - $174,899.55 (9/21/2011)

Bf Homes Paranaque, Paranaque - BF HOMES PARANAQUE HOUSE FOR SALE P7.4M OR $174,899.55 (9/22/2011)

This new 2 story modern contemporary house is located in a quiet and secured area not far from Pure Gold ( supermarket) in BF Homes Paranaque. it has a big floor area for its lot size. Rooms are spacious and bright. Owner-built type. A pocket garden on the garage and atrium in the second floor adds green to the house

For viewing pleasure, please click the virtual tour on the left menu.

To schedule viewing, please call me at +639175201055 or email me.

For more listings, please check our website: http://www.phil-realestate-choices.com

About BF Paranaque:

BF Paranaque is a big subdivision divided into several phases located near the Sucat highway, close to Alabang and not far from the domestic and international airport. Each phase has it owns association and security. Houses here are mostly on the average 200 sqm to 400 sqm. Houses with 400 sqm to 1000 sqm available.

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Ayala Westgrove Lot for Sale - Rush

2011-07-31T14:24:00Z

Phase V 495 sqm at P10.5T/sqm For more info, please call me. Other lots available.

For more listings, check my website: http://www.phil-realestate-choices.com

Next Investment Destination: Philippines

2011-07-19T01:15:00Z

From the way the real estate is going, it seems that the title is not far fetched to achieve. From what I see and hear, there has been so many real estate movements around the country. New infrastructures are being built like big malls and factories. Lots of foreign investors coming in either they are transferring or branching out their business here. Local and foreign tourism are steadily rising.

This is great news for everybody here. If there are more money circulating then everybody is happy. There is time for work and time for pleasure.

To read about the article that tells how the real estate sector is contributing to the growth of the Philippine economy, please click this article from the Business Mirror:

http://www.businessmirror.com.ph/home/properties/13643-philippines-as-the-next-investment-destination

For more real estate listings, check my website: http://www.phil-realestate-choices.com

Rent/Lease Reduced on Fairways Tower in Fairways Tower

2011-06-23T16:20:00Z

Fairways Tower, Fort Bonifacio - Global City - Announcing a rent/lease reduction on Fairways Tower, a 88 sq. m., 2 bath, 2 bdrm apartment. Now $75,000 PHP Monthly - .

Property information

For listings, please check my website: http://www.phil-realestate-choices.com

Business Confidence in RP - Very High

2011-03-04T10:04:00Z

The confidence in our Philippine economy is high these days. As a real estate broker, I can see the difference in the movement. This is good for everybody concerned because this means money is circulating. That means more jobs, more income, more business, and everybody happy. Read the article posed in the Inquirer last Feb. 24 by Michelle Remo. Click here: http://archive.inquirer.net/view.php?db=1&story_id=322030

All time High Business Confidence in RP (BSP)

2010-11-18T21:13:00Z

I was not surprised when the Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) announced that business confidence in the Philippines is in an all time high. The real estate business especially in the housing market has been moving so fast lately especially in the south area of Metro Manila. As a broker, I see so much movement around me. There are more end-users buying than speculators, which is a good sign. You see new businessed opening here and there. Money circulating. People spending. More people travelling in and out of the country. Government confidence under Aquino administration is very high. Let us hope and pray this continues for a long long time.

Read more about this business confidence in the Philippine Star 11/19/2010.

Check this site: http://www.philstar.com/Article.aspx?articleId=631503&publicationSubCategoryId=63

Have you heard about the Real Estate Service Act law?

2010-08-11T01:35:00Z

Better known as RESA law, the Real Estate Service Act of the Philippines (Republic Act 9646), wasinstituted to professionalize and regulate the real estate practice in thecountry. This RESA law has been signed into lawby President Gloria Macapagal-Arroyo last June 29, 2009.

With so many unscrupulous persons around dealing in realestate, I think this law will provide the change that is needed to professionalizethe industry. The Professional Regulation Board (PRC) has been tasked to implementthis act. Some professionals under the PRC are the doctors, nurses, teachers, accountants, to name a few. With PRC at the helm, colorum real estate practioners will be a thing of the past hopefully.

Toelevate the standards of the practitioners in the industry, future would-be real estate brokers will have to take a Bachelor’s course in Real Estate atan accredited university in the country.

So many changes but for the good of the industry and the public. It provides them the necessary protection.

To read articles about RESA, click here : http://www.realestateseminarandreview.com/archives/resa-irr-full-text/

Rockwell Grove

2010-08-11T01:09:00Z

The Grove By Rockwell , Ortigas Central Business District - Announcing Rockwell Grove, a 36 sq. m., 1 bath, 1 bdrm apartment. Now P2,900,000 PHP - up to P15M.

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W Tower Condo in Fort Bonifacio - Global City

2010-08-11T01:08:00Z

Fort Bonifacio - Global City, Taguig - For Sale - W Tower Condo, a 54 sq. m., 2 bath, 1 bdrm bi-level "Condominium". Now P6,200,000 PHP - P135,780 (6/20/2010).

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East Tower @ One Serendra - Fort Bonifacio Global City

2010-08-11T01:07:00Z

East Tower @ One Serendra , Taguig - Announcing One Serendra - East Tower, a 87 sq. m., 1 bath, 1 bdrm apartment. Now $12,800,000 PHP - .

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West Tower at One Serendra

2010-08-11T01:05:00Z

West Tower at One Serendra - Announcing One Serendra - West Tower, a 66 sq. m., 1 bath, 1 bdrm apartment "condominium". Now P9,047,000 PHP - up to P69.79M w/o EVAT.

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