Property consultancy cites importance of research
Official press release, published in Malaya Business Insight.
Jones Lang LaSalle (JLL) Philippines has highlighted the importance of research in this vast-changing landscape of the real estate industry when the tiniest movement can have a huge impact on developers, investors and buyers. When pricing changes, market movements and competitive checks are not observed or carried out, the results can be very detrimental.
Research is a key service of JLL aimed at providing clients with the best information possible so they can work around gaining the highest value for owning, occupying or investing in real estate.
"In every marketing company, the entry point to start a discussion is how you know the industry. That is why research is at the front end of the deal," said Claro Cordero Jr., local director and JLL's head of Research, Consulting and Valuation.
Armed with a database culled from 20 years of experience, JLL starts off by identifying sample of developments to form a basket of properties that will be used to regularly monitor key property metrics (rental rates, capital values and occupancy rates), which are translated into relevant property sector indices.
These samples are located in Makati and Bonifacio Global City owing to the mature nature of its markets.
JLL's research team personally and physically visits the developments in these areas and collates data which they analyze and process to ensure accuracy.
As a business tool, JLL's research team keeps these data guarded and only supplies their brokers and agents with information after a thorough market analysis. This is to ensure that the research they have gathered maintains its independence and objectivity-- uninfluenced by any transactional considerations.
JLL's research team has a core competency in economics, real estate, market analysis and forecasting, location analysis, highest and best use studies, development potential, financial analysis and modelling and investment strategy. Their primary roles are intricately divided into three: research, consultancy and valuation.
JLL's research team also provides their clients with forward-thinking analysis based on a comprehensive analysis of the past, present and future real estate markets through commissioned market researches and valuation assignments.
JLL's research prowess draws from its extensive knowledge of the real estate markets in Asia Pacific. It has over 50 years of experience in Asia Pacific, with over 30,000 employees operating in 80 offices in 16 countries across the region. It serves clients in 80 countries from 1,000 locations worldwide, including 230 corporate offices.
You may access the original article through this link: http://www.malaya.com.ph/business-news/special-features/property-consultancy-cites-importance-research