Philippine Real Estate Forecast 2020

RGS Forecast for 2020 :

Taken from World Bank :

The Philippines is one of the most dynamic economies in the East Asia Pacific region. With increasing urbanization, a growing middle class, and a large and young population, the Philippines’ economic dynamism is rooted in strong consumer demand supported by a vibrant labor market and robust remittances. Business activities are buoyant with notable performance in the services sector including the business process outsourcing, real estate, and finance and insurance industries. ( World Bank )

Based on our research, news, reports and mainly our actual activities, the following are my insights for the Philippines for 2020 :

  1. Economic growth at 6% ( Vietnam is ahead of all Southeast Asian countries )
  2. Property market will continue its growth of 15% - 40% depending on area
  3. Demand for luxury residences ( condominiums, houses, townhouses ) will continue to grow with increasing base of young local professionals mainly from the BPO industry and foreign investors who realize that the growth potential the Philippines offer
  4. Dormitories will continue to grow
  5. The studios and one bedroom condominium units will continue its surge in the property
  6. POGO operation together with its housing will sustain its growth and expansion outside of Metro Manila ( Pampanga, Laguna, Batangas, Cebu, Davao, Iloilo are best destinations )
  7. Foreign partnerships in Real Estate developments will increase.
  8. The peripheries of Makati, Bonifacio Global City, Ortigas Center, Manila Bay in the Metro Manila are considered the best areas to invest in as capital appreciation look very promising.

Of course, Cebu, Davao, Iloilo, Cagayan de Oro are also in the radar.  The neighboring cities of Clark Green City is also high in demand as it is projected as the future and also supposed to be better planned than Bonifacio Global City.   

  1. So where do you find the good deals ?
  1. The areas that aren’t in the radar yet ( peripheries of prime areas )
  2. For condominiums, look out for the Sellers that can’t pay their “balloon payment” as there are quite a number of condominiums that are turning over
  3. Foreclosed Bank assets are difficult as the good ones are almost always taken
  4. Take note of the booming businesses and what locations they are located ( logistics, pogo operations & housing, cold storage, dormitories, hotels, and resorts to name a few )

A correction in the property market is unlikely due to the robust economy that we have so let’s All hope that the Philippines continue on it upward trajectory !

I will soon send a summary of current market values of the Residential and Commercial properties.

More forecast of 2020 to follow ….

Visit www.robertgsarmiento.com for blogs, news, case studies and property listings which you may find informative.
 
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Thank you.
 
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
+ 632 5536051 ( trunkline )
+ 632 4781316 ( telefax )
+ 632 8561365 ( line 3 )
+ 632 8041701 ( line 4 )
+ 63 917 5364829 ( globe )
 
 
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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
+ 632 5536051 ( trunkline )
+ 632 4781316 ( telefax )
+ 632 8561365 ( line 3 )
+ 632 8041701 ( line 4 )
+ 6325148481 ( mobile landline )
+ 63 917 5364829 ( globe )
 

Contact

Give us a call at

+ 632 5536051 ( trunkline )
+ 632 4781316 ( telefax )
+ 632 8561365 ( line 3 )
+ 632 8041701 ( line 4 )
+ 6325148481 ( mobile landline )
+ 63 917 5364829 ( globe )
 

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