Real Estate Philippines News Blog

Eton Baypark Manila is a new Roxas Boulevard Condominium made by Eton Properties, and it is due to be finished by Christmas of 2010. It’s tagline says “Views Truly Majestic”, because one of its main features is that the Property itself offers majestic views of the Manila Bay and the famous Manila Bay Sunset. Such a breathtaking view is indeed priceless. Also, Eton Baypark is unique because it has FULLY-FURNISHED UNITS. Also, this condo is already READY FOR OCCUPANCY. See below for more details…

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Here are some nice brand-new, pre-selling townhouses at Eton West Wing Residences Quezon City along Quirino Highway, Novaliches. When I first learned about this project, at first I had some hesitation for its location, since Novaliches is considered to be part of the farther parts of Quezon City. But when I saw it for myself, Frankly, it was quite impressive. This is indeed a very affordable House and Lot package for those who like the Novaliches area, and for those who really want a House and Lot over a condominium. (more…)

If you will notice the Philippine Real Estate market today, seldom will you find any Metro Manila Commercial Spaces for Sale. What you will see mostly are residential spaces for sale, whether they’re condominiums, residential lots, townhouses, etc etc. Why is that so? Of course, one can argue that the primary reason for this is that our rapidly growing Filipino population needs to fulfill their basic need of having shelter (See my previous blog post here). But there is another reason – Commercial Spaces, when owned, can yield great profits for you especially in the long-term. (more…)

In light of the great success of Eton Residences Greenbelt, Eton Properties has launched another Greenbelt Makati Condominium Project called Eton Parkview Greenbelt. Just like its predecessor, all units of Eton Parkview are Loft-Type. This gives a more modern, relaxed, spacious, and homey feel to your condominium unit as compared to the usual flat-type condo which sometimes cramped. Also, Eton Parkview Greenbelt’s location is also very near Eton Residences Greenbelt, as it is situated in front of Legazpi Park along Gamboa Street.

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It is quite obvious that Philippine Real Estate Developers are not as robust now compared to the previous 3 years due to the global economic slowdown, and therefore need new fresh tactics to survive.The Inquirer Property section started a series of articles that stated “Asia is no longer insulated” from the financial crisis originating from the West (source: http://www.inquirer.net/propertyguide/aroundtown/view.php?db=1&article=20090314-194072).  Global Property Guide’s survey of publicly-available house-price time-series for 2008 showed that Philippine Property prices were declining steadily. Even until now, the slope is still going down as we brokers ourselves experience difficulty in selling. Most people we talked to our holding on to their money, or simply have hard times themselves in making it.According to the article, here is what Prince Christian Cruz, a Global Property Guide senior economist, suggests to Philippine Real Estate Developers to cope with the crisis:

• Provide cheaper properties by cutting back on certain amenities such as gyms, function halls and swimming pools. Location is more important to the working class Filipinos.

• Focus on accessibility to public transport as this is crucial to them

• Price properties according to the buying capacity of working and middle-class families. The international standard for affordable housing is three to five times the annual income. In other words, a Filipino worker who earns P10,000 a month can buy a Philippine Property between P360,000 and P600,000.

• Offer rent-to-own schemes for better affordability

In other words, Mr. Cruz is suggesting developers should shift their focus from Overseas Filipinos an enormous local demand from the locally employed middle-class and working-class sector.

The second part of the Inquirer article quotes Alejandro Mañalac, president of the National Real Estate Association, saying that the Economic Slowdown is a blessing in disguise since there will be a smaller glut or oversupply of Philippine condominiums due to developers slowing down in new projects.

Mañalac also said the Ifric 15 issue (see my previous blog entry about it on http://www.realestatephilippinesblog.com/breaking-news-new-rule-to-hamper-philippine-real-estate-developers/) also made developers rethink their plans to build high-rise buildings (which takes three to five years to complete) in favor of end-user projects which they could finish within a year, and thus recognize their income in their books. “It’s a good thing that the implementation of this new accounting reporting standard was deferred until 2012,” he said, or else all of them would look bad to investors of their stocks.

Mr. Manalac also agrees with Mr. Cruz in terms of adjusting the payment schemes of properties for sale so that end users and the Filipino workers can afford it more. He reiterates that even though most of the Philippine Pre-selling projects are 60% sold, which gives them enough money to complete construction, developers should adjust their investment terms accordingly and not necessarily bring down prices, so that the remaining inventories of pre-sellers can be taken.

If you ask me, this suggestion should also apply to secondary sellers of Philippine property. They should try selling rent-to-own style, where in they can earn from the interest they charge to their tenants as well. In that way, they can help more Filipinos in owning their dream home while doing business also – a Win-Win situation for both buyer and seller

68 Roces Townhomes is the latest High-End Quezon City townhouse project of Eton Properties by Lucio Tan. As stated in its name, 68 Roces is a 3.3 hectare Residential Enclave located along Roces Avenue, making it a very prime residential spot especially for young families and newly-wed couples who are used to the Sta Mesa Heights, New Manila, and Scout Areas.

See the 12 Reasons on why you should invest in 68 Roces below… (Remember, this property is a LUXURY to own and live in, and only a few can afford to understand this concept, sorry folks just trying to be honest before anything else)

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Riverbend is a residential development in Eton City, Santa Rosa Laguna (more about Eton City and the boom of Sta Rosa in my previous blogpost at http://www.realestatephilippinesblog.com/investment-lots-future-makati city-in-santa-rosa-laguna/). Again it is another proud mid-scale vertical project made by Eton Properties by Lucio Tan.

This time, Riverbend offers a beautiful river as its main feature, as opposed to the higher-scale South Lake Village which offers a 35-hectare lake to residents (more on Eton South Lake Village at http://www.realestatephilippinesblog.com/south-lake-village-at-eton-city/).

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South Lake Village is located in Eton City, the 1000 hectare city development project of Eton Properties in Laguna. It is dubbed as “the Makati of the South” due to its ultra-prime location right in the quadrant of the Eton City – Greenfield City Exit. It has a better location that its nearest rivals, namely Greenfield City by the Campos Group and Nuvali by Ayala Land (read more about the next real estate boom in Santa Rosa Laguna in my previous blogpost: http://www.realestatephilippinesblog.com/investment-lots-future-makati-city-in-santa-rosa-laguna/). Indeed, these pictures shows you its beauty and progress in more than a thousand words

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The last tower of One Serendra called the Serendra West Tower is now open for sale to interested investors, so it is your last chance to own a One Serendra unit at Preselling terms and prices!

Serendra is one of most talked about Philippine Condominium projects nowadays. Its unique inner landscapes give it its edge over other developments. Many people have commented about Serendra, both good and bad. Some have marveled and praised its lush greenery and unique architecture, while some disagree and called Serendra‘s design similar to low-end tenament housing. Nevertheless, I don’t think anyone would dare criticize its beautiful inside gardens as shown below…

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A Philippine Condotel Investment Marketing Company sees sustained growth during 2009 in the Philippine Real Estate sector despite the Global financial crisis.

This worldwide financial catastrophe has affected the economic growth of emerging economies such as the Philippines, where growth slowed down from an outstanding GDP growth of 7.3 percent in 2007 to a lower than expected expansion within the vicinity of 4.5 percent according to economic experts.

Despite this, experts say it’s time to go to back to the basics for 2009 as the remaining liquid investors flock to traditional investment instruments such as direct investments and ownership of real estate. The way to go is revisiting investment opportunities from bricks and mortar businesses or companies which have a physical presence that offers face-to-face customer experiences, ” says Beth Collingz, overseas marketing director of PLC Global, lead marketing partners for the Lancaster Condotels in the Philippines.

Moreover, highly populated countries like the Philippines which, among other sources rely on export revenue; can fall back on its human resources to survive the global financial crisis. The law of
supply and demand tells us that if the Philippines’ export sector is on the downturn because of the recession in the global export market, it can shift to its huge internal market to compensate a shortfall in exports into manufacturing for domestic consumption.

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