By
Richmond S. Mercurio (The Philippine Star) | Updated December 15, 2015 -
12:00am
MANILA,
Philippines - The Philippine real estate market will remain an attractive
sector for investments next year with several growth opportunities seen for
both investors and homebuyers, online property portal Lamudi said.
In
its latest report, Lamudi Philippines lined up the top real estate investment
opportunities for the coming year as it expects another robust period for the
country’s property sector.
“Two
of the most searched property types by Filipinos are apartments and townhouses,
especially in suburban areas like Quezon City, Parañaque and Las Piñas. These
properties are very much in demand among renters, especially starting families
as they provide much larger spaces than condos yet they are more affordable
than stand-alone houses,” Lamudi Philippines said.
Aside
from apartments and townhouses, the report showed high-end condominiums are
also expected to perform well both in capital appreciation and rental rates.
“Metro
Manila’s condo boom is far from over, but developers are holding back on their
new launches due to massive supply especially in the mid-market segment. This
does not mean, however, that no opportunities are available in the condo
market,” Lamudi Philippines said.
But
unlike condominiums where a huge number of units can be built within a
relatively small parcel of land, Lamudi Philippines said there is only a few
land developers developing subdivisions.
This
is the reason why residential lots in these projects are highly sought after
and their values appreciate quickly, it said.
For
the office segment, Lamudi Philippines said strata-titled offices should be the
next best thing in terms of investments.
“Unlike
the business process outsourcing (BPO) office towers built and owned by real
estate developers and rented to BPO companies, strata-titled offices can be
bought by individual investors and buyers and have them rented out to
companies,” Lamudi Philippines said.
“For
property buyers looking to diversify their investment portfolios, this property
type makes sense as there is currently a shortage of office space in Metro
Manila, especially in the major CBDs, placing an upward pressure on rental
rates,” it added.
Among
strata-titled developments currently on the market include Alveo Financial
Center along Ayala Avenue, The Stiles in Circuit Makati, Century Spire in
Century City, Capital House and One World Place in Bonifacio Global City, and
Parkway Corporate Center in Alabang.
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