The virtual discussion will feature various thought leaders from different firms, including Joey Bondoc, Associate Director, Research, Colliers International Philippines; Rouen Raz, Vice President for Sales and Marketing, DataLand; Janlo Delos Reyes, Head of Research and Consulting, JLL; Debbie A. Obias, Head of Business Development and New Business for Globe At Home Broadband Business, Globe Telecom; and Michelle T. Ysmael-Ora, Director, Head of Strategic Property Business Development, Globe Telecom.
Raine Musngi, Anchor and Executive Producer at ANC, will facilitate the discussion.
Lamudi’s partners for the event are Globe Telecom, Subdivision and Housing Developers Association (SHDA), and its official broadcast media partner, ANC.
. Bacoor, Cavite ranked in third place, followed by Antipolo, Rizal. Dasmariñas slid into seventh place, as Imus and Calamba trailed behind in the eighth and ninth spots, respectively.
The study noted that the pandemic may have accelerated people’s movement away from Metro Manila and into nearby provincial cities. Such locations offer more affordable properties and land development opportunities.
These hotspots are expected to grow in demand further in 2021 as home buyers continue to look for less crowded residences with wide, open spaces. Moreover, the new normal of remote work allows people to move outside the central business districts in the metro.
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About 30 percent of the platform users looking at Philippine properties come from those aged 25 to 34 years old. The study suggests that millennials abroad may be looking for properties to house their family or tap into sources of passive income. They may likewise be seizing employment opportunities locally.
Gen Y on Home Ownership
This finding supports earlier observations by property experts shared in recent Lamudi roundtable discussions. In the virtual forum held in September titled
, industry leaders noted the increase in the number of millennials buying homes amid the pandemic.
They explained that financial habits have changed since the lockdowns. Money initially earmarked for retail and leisure expenses, such as in travels, may have been redirected to property ownership. Better deals in the market have likewise attracted millennials to buy homes. A few property developers offered discounts and stretched terms on downpayments. Moreover, Pag-IBIG lowered its interest
SunStar
+ January 21, 2021 PROPERTY consultant Colliers International Philippines sees Metro Cebu office vacancy rising to 18 percent in 2021 as more office spaces are being vacated by outsourcing firms and providers of English as a Second Language (ESL) services.
In its latest market outlook, Colliers said these firms are closing or downsizing space requirements and are implementing split operations, such as work-from-home arrangements or are losing their online operations because of travel restrictions brought by the coronavirus pandemic.
Despite this, Colliers sees a faster pace of recovery in major hubs such as Cebu IT Park and Cebu Business Park once market sentiment improves.