{"id":3119,"date":"2019-05-22T05:34:20","date_gmt":"2019-05-22T05:34:20","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3119"},"modified":"2021-06-04T14:25:21","modified_gmt":"2021-06-04T07:25:21","slug":"this-philippine-city-is-seeing-strong-demand-for-condos","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/this-philippine-city-is-seeing-strong-demand-for-condos\/","title":{"rendered":"This Philippine city is seeing strong demand for condos"},"content":{"rendered":"<p>Infrastructure projects and outsourcing industry drive condo sales in Bacolod<\/p>\n<figure id=\"attachment_3120\" aria-describedby=\"caption-attachment-3120\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3120\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1271796691.jpg\" alt=\"\" width=\"1000\" height=\"693\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1271796691.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1271796691-300x208.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1271796691-768x532.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3120\" class=\"wp-caption-text\">Bacolod, Philippines as seen on the map. HelloRF Zcool\/Shutterstock<\/figcaption><\/figure>\n<p>A major city in the Philippines saw its condominium sales increase by 93 percent last year, Colliers International Philippines reported via <a href=\"https:\/\/www.pna.gov.ph\/articles\/1070263\" target=\"_blank\" rel=\"noopener noreferrer\">PNA<\/a>.<\/p>\n<p>The city of Bacolod saw some 560 condominium units purchased in 2018, up from 290 units in 2017.<\/p>\n<p>The city, located in Negros island west of Cebu, is poised to record an annual take-up rate of 330 units between 2019 to 2021, with affordable units priced from PHP1.7 million to PHP3.2 (USD32,400-61,000) million leading the charge.<\/p>\n<p>The development of major townships, such as The Upper East and Northill Gateway by <a href=\"https:\/\/www.asiapropertyawards.com\/award\/philippines-property-awards\/\" target=\"_blank\" rel=\"noopener noreferrer\">PropertyGuru Philippines Property Award winner<\/a> Megaworld, will support the demand for condominiums in Bacolod, the consultancy predicted.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/chinese-detente-means-more-funds-in-the-philippines\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Chinese d\u00e9tente means more funds in the Philippines<\/strong><\/a><\/p>\n<p>Implementation of key infrastructure projects, such as the Sugar Road and coastal development covering the south portions of the city; continued deployment of overseas Filipino workers (OFWs); and expansion of outsourcing and non-outsourcing businesses will also be key drivers of condo demand.<\/p>\n<p>\u201cThe business process outsourcing sector will probably continue to be a driver of condominium leasing in Bacolod City. Foreign employees, as well as higher-earning local outsourcing workers are among the targeted occupants,\u201d Colliers said.<\/p>\n<p>Affordable segments of the residential property market still register the greatest take-up rates in the city. These include condominium and house-and-lot units with prices ranging from PHP450,000 to PHP3.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infrastructure projects and an active outsourcing industry drive condo sales in Bacolod<\/p>\n","protected":false},"author":8,"featured_media":20073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[241,129],"class_list":["post-3119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bacolod","tag-philippines","news_country-philippines","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This Philippine city is seeing strong demand for condos | Asia Property Awards<\/title>\n<meta name=\"robots\" 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