Published June 30, 2021, 8:30 AM
The office rental rates in Metro Clark in Pampanga will slightly go down next year amid the expected turnover of 280,000 square meters (sqm) of new spaces, an official from the real estate consultancy firm JLL Philippines said.
In a virtual briefing on Tuesday, Ian Perez, director for capital markets at JLL Philippines, discussed the real estate trends and investment opportunities in Clark, Pampanga.
He also discussed how Clark is an ideal location for local and foreign investors and locators moving forward.
In terms of supply, he said there will be an additional 280,000 sqm that will be delivered in the first quarter of next year, while there is 700 hectares of land available for lease for property developers.
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There has been huge growth in property development in Johannesburg over the past few years. While this is a positive reflection on the economy, it does present the City with certain challenges.
We have put together a checklist of questions to ask if you are planning to buy into a new development, or if you are planning a new development. This information will help you to make an informed decision – and even save you time and money later on.
•Did the surveyor-general approve the diagrams for the development?
•Have building plans been approved for the development?