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Condo demand pushed PH property prices up in Q2 despite pandemic

MANILA, Philippines — Residential real estate prices of various types of new housing units in the Philippines rose by 27.1 percent in the second quarter of 2020 despite the onset of the coronavirus pandemic, based on the latest survey of the central bank – the highest growth rate since the survey began in 2016. In the […]

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PH, Stronger recovery expected in 2021

The Philippines is on its way to a stronger recovery as gross domestic product (GDP) is now seen to grow by 7.8 percent next year instead of the original projection of a 5.2 percent expansion, a unit of credit rating firm Moody’s said. Steven Cochrane, chief economist for Asia-Pacific at Moody’s Analytics, said the Philippines […]

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Future-proofing condominium investments

Residential end-users and investors have embraced condominium living in Metro Manila given the convenience of residing within its established and emerging business districts. Since 2012, Metro Manila has seen a steady appetite for vertical projects. The pre-selling condominium market recorded some 44,900 units of annual launches and about 45,900 units of yearly take up from […]

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SMDC, A staunch partner in nation-building

The Philippine real estate industry will likely be a significant contributor to the country’s economic recovery in the post pandemic era. While some property subsectors continue to face a challenging environment amid the COVID-19 pandemic, certain segments offer bright prospects that can help boost economic activity. In a recent webinar guesting, Dr. Bernardo M. Villegas, […]

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