Philippine Real Estate - Day 198 Intro

 
Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of Taguig Real Estate Board 2016 - 2019
Real Estate Broker’s Association of the Philippines 2000 - 2015
President, San Juan 2008, 2009
Philippine Association of Real Estate Boards
San Juan Mandaluyong Chapter 1998, 1999
PRC # 6569
PRC Lecturer’s License # 0294
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Hello Everyone,

For those that are counting the days, it’s been 198 days since the initial lockdown due to the Corona Virus Pandemic.  This blog  is not a forecast but an actual scenario of the Philippine economy and real estate in particular, in short, Reality Check.  The stock market has gone down considerably by 20% ,the Philippine Peso has appreciated by 4.5% to the U. S. Dollar, Banko Sentral cuts key rate by 50 bps to 2.75% and also slashed the reserve requirement ratio by 200 bps to 12% on March 24, 2020, as policymakers sought to calm investors amid the Covid 19 global pandemic while encouraging banks to continue lending to both retail and corporate sector.

I will enumerate actual activities I’ve gathered from my select network of Real Estate Network Brokers and Lawyers, explain where this crisis has led most of us to and other interesting thoughts to help each and everyone adapt to the changes and prepare for what’s coming.  

For now, these following words stands out in most of our vocabulary.

Restaurants closing, cash flow, leverage, office space downsizing, pre- termination of contracts, work from home ( WFH ), Zoom, forfeitures, penalties, renegotiation of leases, where the movement of properties are or what’s selling, beach properties, seaview, beachfront, townhouses, residential lots outside of Metro Manila, balik probinsiya, agricultural land, rawland in Central and Southern Luzon, Logistics, Warehousing, Commissary, Road Infrastructure, solar farm, airports, healthcare, renewable energy - NOW, low to medium cost housing, pogo industry, bank loan process, farming, telco – DITO, food business, on line business, on line schooling, 360 video, work play live, shoppee, lazada, broadband speed, investor versus end user, protocols, travel pass, fake news, quarantine, GCQ, MECQ, checkpoint, RFID, Calax, MCX, Cavitex, exodus from condominium to houses, lockdown, transaction fee, face mask, face shield, opportunity to upgrade living standards, extra judicial settlement, titling properties, bargain properties, foreclosure, health insurance, extended terms, pre-selling, project selling, bank repoa, fire sale, distressed sale, good buy, lumpsome payment, income properties, behavioral effects, depression, health, ppe, frontliners, safety, lalamove, grab, food panda, mr speedy, vaccine, asian financial crisis, recession, new norm, adapt, pre covid and post covid price, opportunity, recovery and of course, Covid 19 Pandemic.

Am about 25% done but just wanted to inform you ahead on what I believe will be a very informative article that will help you understand and hopefully adapt to the changes.  

Having experienced the Asian Financial Crisis which brought the best and worst experience I've had in 31 years of Real Estate, it's great to share and compare what it was then and now. 

A nice evening to All.

robert
Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of Taguig Real Estate Board 2016 - 2019
Real Estate Broker’s Association of the Philippines 2000 - 2015
President, San Juan 2008, 2009
Philippine Association of Real Estate Boards
San Juan Mandaluyong Chapter 1998, 1999
PRC # 6569
PRC Lecturer’s License # 0294
 
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