{"id":1393,"date":"2019-01-28T11:15:31","date_gmt":"2019-01-28T11:15:31","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1393"},"modified":"2021-06-04T14:07:15","modified_gmt":"2021-06-04T07:07:15","slug":"a-strong-year-ahead-for-manilas-luxury-condo-market-colliers","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/a-strong-year-ahead-for-manilas-luxury-condo-market-colliers\/","title":{"rendered":"A strong year ahead for Manila&#8217;s luxury condo market: Colliers"},"content":{"rendered":"<p><strong>Segment to hit a high, price-wise, with new project<\/strong><\/p>\n<figure id=\"attachment_1394\" aria-describedby=\"caption-attachment-1394\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1394\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/A-strong-year-ahead-for-Manilas-luxury-condo-market-Colliers.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/A-strong-year-ahead-for-Manilas-luxury-condo-market-Colliers.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/A-strong-year-ahead-for-Manilas-luxury-condo-market-Colliers-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/A-strong-year-ahead-for-Manilas-luxury-condo-market-Colliers-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1394\" class=\"wp-caption-text\">Makati CBD, Metro Manila, Philippines. Smallcreative\/Shutterstock<\/figcaption><\/figure>\n<p>Spurred in part by attractive rental yields, demand for luxury condominiums will remain strong in Metro Manila in the next 12 months, predicts Colliers Philippines in a recent report.<\/p>\n<p>The Philippines\u2019 national capital region boasts a gross residential yield of 5.1 percent, trailing only Jakarta (8 percent) and Ho Chi Minh City (6 percent), the consultancy noted in its 2019 forecast for the country.<\/p>\n<p>Affluent locals, foreign investors, and offshore gaming firms have sustained demand for luxury residences in the metropolis,\u00a0Colliers research showed.<\/p>\n<p>\u201cThe luxury market in the country\u2019s capital is relatively small but demand has been stable over the past few years. The projects being leased out or sold to the secondary market continue to receive strong demand,\u201d wrote Colliers Philippines research manager Joey Roi Bondoc.<\/p>\n<p>\u201cThis entices affluent locals and foreign investors to look for similar developments in Metro Manila,\u201d Bondoc added.<\/p>\n<p>While the luxury residential market in Metro Manila is reputed for its relatively low price points, that may soon change. Prices in this segment are predicted to hit PHP400,000 (USD7,608) per square metre with the completion of a 3,500-square-metre venture\u00a0by SM Prime and Federal Land along Ayala Avenue in the city of Makati.<\/p>\n<p>Pent-up demand is expected to\u00a0move\u00a0mid-income condominium developers into scaling\u00a0up and constructing high-end projects in emerging business districts such as the Manila Bay Area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Segment to hit a high, price-wise, with new project<\/p>\n","protected":false},"author":2,"featured_media":19812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-philippines","news_author-property-report"],"acf":[],"yoast_head":"<!-- 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