Skip Ribbon Commands
Skip to main content

Residential

We provide specialist residential services to the Philippines market

​​​​​​​​​​​​​​​Residential Agency provides specialist research, marketing and lease as well as sales agency services for some of Asia’s largest and most active residential developers. In extension, we also serve individual residential investors and occupiers.

With our rich experience gained through past sole agency appointments, we continuously keep abreast of ever-changing needs of occupiers and investors. In addition, leveraging our extensive network of industry and financial connections, we assist developers in achieving their sales goals, maximize their return and speed-up cash recovery.

Across the Asia Pacific region, we currently have US$500 Million in residential marketing, research and consultancy appointments.

Related news and research

 

 

Investors driving demand for houses in makati CBD/philippines/en-gb/news/314/investors-driving-demand-for-houses-in-makati-cbdInvestors driving demand for houses in makati CBD<p>​INVESTORS looking for hefty profits are driving the demand for residential properties in the Makati central business district (CBD), according to a real estate analyst said.</p><p>New residential projects being launched in CBDs are mainly targeted at investors rather than end-users, Julius Guevara, director for research and advisory at Colliers International, said in an interview.</p><p>“CBD areas, especially in Makati, have always been popular with investors… they’re mostly the investors [market] compared to the end-users because of the price point,” Guevara said.</p><p>In the past week, two residential projects were launched in the Makati CBD the Gentry Residences by Alveo Land Corp. and The Ellis by Megaworld Corp. Both are in Salcedo Village.</p><p>Claro Cordero Jr., head of Research, Consultancy, and Valuation at Jones Lang Lasalle Philippines, noted the newly launched residential projects were targeted at the upper market segment.</p><p>“The market positioning of the two developments is geared toward the mid-, high-end market, which we think at the moment remains healthy,” Cordero said.</p><p>The demand for residential properties in the Makati CBD remains strong, but only a small portion of demand comes from end-users,” said KMC Mag Group Managing Director Michael McCullough.</p><p>“End-user demand is kind of questionable. It might be around 10 to 20 percent, depending on the project,” McCullough said in a separate phone interview.</p><p>A driving factor for developers putting up residential projects in the Makati CBD is the fast turnaround of the units, McCullough noted.</p><p>“The sales are very, very quick if it’s a residential project in Makati. It can sell a lot fast,” McCullough said.</p><p>Cordero noted the Makati CBD has a premium and an edge over other business districts.</p><p>“We also think that Makati remains and will remain its premium edge against other locations due to the maturity of the real estate market and the presence of the various major and multinational companies and businesses,” Cordero said.<br> Another factor is the lifestyle.</p><p>“Makati CBD also remains a strong choice for the ‘live-work-play’ concept and will reinforce its popularity as a weekday home, especially after the completion of the major infrastructure developments in Metro Manila,” Cordero said.</p><p>However, the rising vacancy rates in the Makati CBD are quite noticeable.</p><p>In the first quarter of 2016, the vacancy rates rose to 9.6 percent with an estimated 3,660 units forecast to be added to the Makati CBD residential stock this year, according to Colliers.</p><p>“If you take a look at the rental market, because of the new supply that’s coming up, vacancy rates have been climbing. So it’s becoming a bit worry-some, considering that more and more units are being left vacant,” Guevara said.</p><p>Guevara noted, however, that the investors themselves remain optimistic about the market.</p><p>“On an investment perspective, I would say that the investors, they all know that real estate is typical. So probably by the time these new units are completed the ones that are being launched now the market may have corrected already,” Guevara said.</p><p> </p><p>This article was originally published in <a href="http://www.manilatimes.net/investors-driving-demand-for-houses-in-makati-cbd/267439/">Manila Times</a>.</p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Home sharing platforms to impact SEA hotel rates/philippines/en-gb/news/313/home-sharing-platforms-to-impact-sea-hotel-ratesHome sharing platforms to impact SEA hotel rates<p>​Growing demand for home sharing platforms will impact hotel room rates in Southeast Asia, with the number of listings expected to grow to 15 percent of total room inventory by 2020, a property firm report said.</p><p>In a report, real estate services firm Jones Lang Lasalle said listings for home sharing platform Airbnb currently account for 5 percent of total room inventory and around 2 percent of occupied room nights in Southeast Asian cities such as Singapore, Bangkok, and Kuala Lumpur.</p><p>On a global scale, home sharing platforms such as Airbnb and Homeaway account for 25 percent of the total available hotel room nights in global gateway cities in the US and Europe.</p><p>The impact on hotel room rates is likely insignificant in Southeast Asian countries, according to JLL.</p><p>“However, we expect the number of listings to grow to 15 percent of total inventory and 5 percent of occupied room nights by 2020,” JLL said.</p><p>This could be driven by the possible increase in prices of residential rents.</p><p>“If planning laws allow short-term stays in residential sites in central locations, residential prices could rise. As integration of use between retail, office, hotel, residential increases in city centers, values may depend more on location than allowable use in the next five to 10 years,” JLL said.</p><p>At present, JLL noted the gap between residential rents and hotel room rates remain significant in Singapore and Kuala Lumpur.</p><p>“Average monthly revenue from Airbnb rentals is estimated to be lower than residential rents largely due to lower occupancy rates of around 20 percent, compared to residential occupancy rates of 90 percent,” JLL said.</p><p>In the top global cities, the estimated Airbnb average occupancy rate is 25 percent to 30 percent, while hotel occupancy rates are at 80 percent.</p><p>“This implies that home sharing accommodations may make up 9 percent to 11 percent of total occupied room nights in these cities. Impact on hotel room rates is started to be felt as hotels experience fewer compression nights,” JLL noted.</p><p>Home sharing platforms continue to work with city planning authorities to regulate and manage social side effects of their operations, according to the report.</p><p>“Depending on the city, restrictions and taxes are being put in place to minimize the impact of these short-term accommodations on availability of affordable housing and disamenities,” the report said.</p><p>JLL noted a few hotel operators are starting to acquire home sharing platform in order to maintain market share.</p><p> </p><p>This article was originally published in <a href="http://www.manilatimes.net/home-sharing-platforms-to-impact-sea-hotel-rates/267099/">Manila Times</a>.</p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

Philippines Property Market Monitor - December 2016/asia-pacific/en-gb/research/836/pmm-mnl-dec2016Philippines Property Market Monitor - December 2016This report highlights key developments or trends in the real estate market during the past month, with a focus on the office, residential, retail and hotel property markets.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Philippine Property Digest - 3Q 2016/asia-pacific/en-gb/research/828/philippine-property-digest-3q16Philippine Property Digest - 3Q 2016The report provides an overview of the real estate market in Metro Manila, Philippines across the various sectors of office, residential, retail and hotel.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045