April 8, 2019
Premier Quadruple A developer DMCI Homes has expressed optimism on the future of...
January 21, 2013
SPARE TIME By Mary Ann Ll. Reyes (The Philippine Star)
The local property sector has experienced phenomenal growth these past few years, no doubt, as can be seen from the number of residential and office buildings, townships, among others, being developed all over the place. But is this growth going to be sustained this year? This writer solicited the views and opinions of some of the Philippine real estate sector’s prime movers and decision makers to have a better idea of what could be in store this year for this vibrant economic pillar.
From Katrina Ponce Enrile , president, JAKA Group:
The year 2012 was very good for the Philippines economically. The country was able to post respectable growth rates and now different agencies are adjusting their forecasts to somewhere around six percent (from five percent). In addition to that, several banks have maintained interest rates to help people finance their needs, may it be for business, investments, home, or cars. These developments are a good sign for real estate in the country. Not only will people be able to afford house and lot through their supposedly higher income but also the banks are making it easy for them by giving them lower interest rates. Some banks offered interest lower than eight percent. In-house financing on the other hand provides low down payments and flexible payment methods.
OFWs are another reason why the real estate sector will continue to flourish for the years to come. These overseas Filipino workers continue to work away from their families in order to provide for their loved ones. These OFW families are buyers of low to mid level residential houses. In addition, this will create real estate development opportunities in areas where they (families of OFWs) are located in regions such as Calabarzon, Central Luzon. For the real estate sector players, competition will be focused on the amenities and add ons provided specially for condominiums, and the ease of payment. Location will still play a very important role, however, the location game will be focused more on tapping new areas rather than developing prime locations since most of these prime properties have already been developed.
From Rick Tan, chief finance officer, Vista Land & Lifescapes, Inc.:
Most observers are keenly aware of the strongly positive macro story for the Philippines. Robust GDP growth, benign inflation, low interest rates, improving corporate governance, and supportive demographics provide an attractive backdrop for the real estate and other industries. These are interrelated. The rapid growth of the BPO industry has spurred demand for office space and dwellings for a relatively well-paid workforce which has exceeded 500,000 employees. In fact, many office buildings are fully leased out prior to being constructed.
From Alfredo Austria, president, DMCI Homes:
As more projects are completed and more residents (especially first-time condo owners) move in this year, people will realize that condos are not built the same, and that condo living brings with it its own set of concerns. More people will probably be extra wary of hype and publicity. Property management and associated services will be even more critical to overall condo living experience and purchase decisions.
More new players, both large and small, will continue to enter the industry due to favorable economic conditions. However, strong, trusted brands with proven track records are still expected to dominate amidst a plethora of choices.
In general, demand for residential condo units will remain strong across all segments. However, we may need to look into the ever burgeoning supply of small units (e.g. studio and 1-BR units) in the core-mid and economic segments.”
Leave us a message and we will get back to you as soon as possible.
Personal, sensitive and privileged information that you provide shall be used for transactions related to the sale of the Company’s products and all matters arising out of the said transaction.
All information collected by the Company shall be considered accurate unless the Client/Potential Client requests for update. It shall never be the responsibility of the Company to ensure validity/accuracy of information shared by the Client/Potential Client.
Under the Data Privacy Act of 2012, you have the right to access, modify, erase and/or object to any processing of personal, sensitive or privileged data that you have provided to us. To do so, kindly contact our Data Protection Officer with the following information:
The Company will not impose any charge to cover the cost of verifying a request for information and locating, retrieving, reviewing and copying any material requested.
Please note, however, that the Company’s decision to provide such access or consider any request for correction, erasure and objection to process of the personal data as it appears in our records is subject to any exceptions under applicable laws, rules and regulations and/or the Act.
We have implemented technological, organizational and physical security measures to protect your information from loss, misuse, modification, unauthorized or accidental access or disclosure, alteration or destruction. We put in effect safeguards such as:
Keeping and protecting your information using a secured server behind a firewall, deploying encryption on computing devices and physical security controls
Restricting access to your information only to qualified and authorized personnel who hold your information with strict confidentiality including third-party personnel/company who may be required to process your information.
The data will be kept within 10 years from date of last engagement (e.g. release of transferred title, release of documents related to back-out) or as may be required by existing laws, rules and regulations, unless you request your data to be deleted in our systems, databases and hard copies earlier than this date, subject to limitation of applicable laws and/or the Act. Once deleted, your information will no longer be searchable or included in anonymous searches and will be completely removed from all the storage location.
By agreeing to this policy, you explicitly and unambiguously consent to the collection, processing and storage of your personal, sensitive and privileged data by DMCI Project Developers, Inc. for the purpose(s) described in this Data Privacy Notice.
You can drag the map pin to change your location.
A company representative will be in touch with you shortly.OK