{"id":9030,"date":"2024-02-29T10:40:48","date_gmt":"2024-02-29T02:40:48","guid":{"rendered":"http:\/\/zestmag.com\/online\/?p=9030"},"modified":"2024-02-29T10:41:04","modified_gmt":"2024-02-29T02:41:04","slug":"rlc-residences-colliers-reveal-condo-trends-and-insights","status":"publish","type":"post","link":"http:\/\/zestmag.com\/online\/rlc-residences-colliers-reveal-condo-trends-and-insights\/","title":{"rendered":"RLC Residences, Colliers reveal condo trends and insights"},"content":{"rendered":"\n

In a recent property preview event, RLC Residences showcased its commitment to innovative design and sustainable living with an insightful discussion about real estate trends alongside Joey Bondoc, Research Director at Colliers International Philippines.<\/strong><\/p>\n\n\n\n

“We\nare proud to be at the forefront of the Philippine real estate market, offering\ninnovative and sustainable living solutions to our customers,” says Karen\nCesario, Marketing Head and Chief Integration Officer of RLC Residences.\n“Discussing with expert property consultants like Joey Bondoc allows us to\nstay ahead of market trends and provide Filipinos with the best possible\noptions for their real estate investment needs.\u201d<\/p>\n\n\n\n

Considerations in property investment<\/strong><\/p>\n\n\n\n

In his\ntalk, Bondoc shares four key considerations and intentions that should drive\nthe condominium market. His list includes location, renting prospect, developer\nrecord, and price. <\/p>\n\n\n\n

According\nto Bondoc, buying a property in the right location is key and respondents of a\nColliers study feel the same way as 62% prioritize proximity to offices, malls,\nand other amenities when buying a condo unit in Metro Manila. This trend is\nparticularly evident in the success of RLC Residences’ SYNC N-Tower located in\nPasig, which boasts 71% units sold to date. Accessible to Makati, Fort\nBonifacio, Eastwood City, and Ortigas Center, SYNC has resonated with urban\ndwellers seeking a strategically located residence that complements their\nlifestyle.<\/p>\n\n\n\n

Moreover,\nBondoc emphasized thinking long-term and considering looking for properties\nthat are projected to attract renters and occupants. In the same vein, a\nreferenced Colliers study entails that 45% \nof respondents plan to use their upcoming property purchase for end-use\nwhile55%  intend to use it for investment. The return\nof expatriates can also be seen as a significant factor contributing to the\ndemand for investment properties. For this specific niche, Woodsville Crest\u2019s\nproximity to the airport makes it an ideal rental unit for expats and a smart\ninvestment opportunity for Filipinos. Woodsville Crest is RLC Residences\u2019\nnature-inspired development located in Merville, Para\u00f1aque, which is also\naccessible to CBDs like Makati and BGC. <\/p>\n\n\n\n

Third on\nhis list, Bondoc advised the audience to put a prime value on developers\u2019 track\nrecord when making investment decisions. This bodes well for RLC Residences as\nthe brand brings in Robinsons Land\u2019s three-decade legacy in the industry.  A strong track record instills confidence in\nstakeholders looking for reliable and reputable developers to invest their\nhard-earned money. This industry expertise is evident in the success of Sierra\nValley Gardens, one of RLC Residences\u2019 award-winning pre-selling developments\nlocated in Cainta, Rizal that has seen a remarkable appreciation rate of 47%\nsince its launch date in 2020. The project has received multiple accolades\nlocally and abroad for its features such as smart home-ready units, strategic\nlocation, and amenities for various pursuits.<\/p>\n\n\n\n

Ticking off\nthe first three considerations while also spending within your capability is\nthe ideal real estate investment according to Bondoc. But more than the total\ncontract price, affordability is also determined by the payment terms. He\nobserved that developers have started to offer lower amortization rates\npartnered with extended payment terms beyond six to 18 months from the turnover\ndate. <\/p>\n\n\n\n

Moreover,\nsustainability is also increasingly becoming a priority for condominium buyers.\nForty percent (40%) of surveyed individuals in a Colliers study consider\nsustainable features as an important factor when making a purchase. One project\nthat reflects this need is Woodsville Crest featuring vast green spaces and\nnature-inspired amenities. The development is set to adapt other\nenvironment-friendly features such as a rainwater harvesting system for non-potable\nrequirements of the development, bike parking areas, and e-vehicle charging\nstations. <\/p>\n\n\n\n

Bondoc\u2019s\nconsiderations give a sneak peek of the market\u2019s priorities as they navigate\nthe optimistic residential real estate landscape in the country. <\/p>\n\n\n\n

Factors supporting residential demand<\/strong><\/p>\n\n\n\n

Fortunately\nfor budding investors, the Philippine economy is on a trajectory of growth\ncreating a favorable environment for the real estate sector. Data from the\nPhilippine Statistics Authority (PSA) showed that the Philippine economy\nexpanded by 5.6% in 2023 and the 2024 growth forecast of multilateral lending\nfirms and credit rating agencies is between 5.8% and 7.5%. This development is\ndriven by various factors including increased remittances from overseas Filipino\nworkers and heightened infrastructure spending. <\/p>\n\n\n\n

Regional\neconomies are also experiencing improvement, with GDP growth per region ranging\nfrom 5.9% to 9.3% in 2022. Household spending, fueled by remittances from\ncountries such as the United States, Singapore, and Saudi Arabia, has\ncontributed to this growth. Inflation has also slowed down and the average\nmortgage rate has remained stable. Unemployment has also decreased, indicating\na strengthening labor market.<\/p>\n\n\n\n

Infrastructure spending  is also seen as a priority for the Philippine\ngovernment, with allotments increasing significantly from Php 406.59 billion in\n2015 to Php 1.3 trillion in 2023. Projects such as the Estrella-Pantaleon\nBridge, MRT-3 rehabilitation, NLEX-SLEX Connector, Pasig River Expressway, and\nthe Metro Manila Subway are expected to further enhance connectivity within\nvarious cities across multiple regions, which would help and drive property\nappreciation in years to come.<\/p>\n\n\n\n

Looking\nahead, the residential demand is expected to be supported by the rise in OFW\nremittances, the return of expatriates, and the development of more integrated\ncommunities. Overall, the Philippine real estate market remains resilient, with\nstrong fundamentals and a promising outlook for the future.<\/p>\n\n\n\n

“The\nPhilippine property market is unquestionably on the rebound, showing strong\nsigns of recovery. We’re witnessing a glimmer of hope, or whatever you want to\ncall it, at the end of the tunnel. The Philippine economy is undeniably on the\nupswing. Many are asking us, ‘When is the right time to invest?’ The answer is\nclear: the right time to invest is now,\u201d Bondoc remarked. <\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a property in the right location is key and respondents of a Colliers study feel the same way as 62% prioritize proximity to offices, malls, and other amenities when buying a condo unit in Metro Manila.<\/p>\n","protected":false},"author":3,"featured_media":9032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2042,891],"class_list":["post-9030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsmakers","tag-real-estate","tag-real-estate-investment"],"_links":{"self":[{"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/comments?post=9030"}],"version-history":[{"count":1,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9030\/revisions"}],"predecessor-version":[{"id":9033,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9030\/revisions\/9033"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media\/9032"}],"wp:attachment":[{"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media?parent=9030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/categories?post=9030"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/tags?post=9030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}