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Welcome to the Philippines and Thank You for Subscribing! The property growth that the country has embarked for the last 20 years especially by the private sectors is phenomenal. This growth is just the "tip of the iceberg" because the country's development, being behind with developing countries is hugely lacking in major infrastructures. OVER SUPPLY OR NORMAL INVENTORY A supply of 100,000 unsold units all over the Philippines from various developers does not immediately mean an "oversupply" but an available for sale inventory. These units are not lost when unsold for a time-being awaiting the right buyers. While most of us could not afford a unit these days, but that does not mean there are no market. There is a market for every category of project and construction will continue to prosper indefinitely. More so, developers do not construct a new tower in the same project until certain number of units are sold in the previous tower. Most developers are bankers, they have great understanding of market economy and they have excellent strategies in property development. The same concept of presale and construct is being employed in big ticket developments such as those comprising CBD's. Developers construct tower per tower or block by block, category by category. BGC towers did not sprout like grasses growing wildly all at the same time. It was done piece per piece and in fact, there are plenty of lots still available at BGC already allocated future plans. PRICES WILL ALWAYS RISE. Prices of condos have gone so high, but not just condos, even residential lots as well, that's always the case, population is growing and land isn't - basic supply and demand concept. Those who were able to purchase properties 10 years, 15 years ago enjoy the fruits of the risk they took at that time. Those who risk purchasing a property today will enjoy the value return 15 years, 20 years in the future. Even if you purchase a property further away from Metro Manila, prices are so dear too because these places are also experiencing boom. Cheap properties normally are those that are problematic prone to flood, too far from main road, chaotic environment, and so on. PROPERTY MARKET SOURCES There are multiple sources of property buyers and investors. Many Philippine industries are vibrant supporting the property market. Property Market Crash is not imminent and rarely will hit the Philippine property market. Philippine developers are knowledgeable on managing risks. But who are the buyers and investors of these condo and housing units being constructed left and right, from and near, inside and outside Metro Manila? To date, the total number of condo units in the Philippines is far below half a million while the population is closing in to 130million and will continue to grow. Hence, the buffer supply of vacant condos are just enough to accommodate the demand from multiple sources or property drivers such as the growing middle class, offshore professionals and migrants, foreign buyers, business industries, BPO and Virtual Professionals, Digital Nomads, High-end Local Professionals, and More. THE CASE OF TSINA is not THE SAME for PH On the contrary, Tsina has millions upon millions of unsold, unfinished, undelivered condo and housing units which they built in massive one-time blow. That is not the case here in the Philippines. However, there are Tsinese developers, an offshoot of those developers that went bankrupt in Tsina who opened their construction development business here in recent years. Their target market were Tsinese which happened to be in decline due to the ban on POGO's. They are the ones now having problematic vacancies, not the Philippine based developers. But sooner or later, even these units will find their rightful owners. REB Lists: None Yet. If you are a property broker kindly message for your calling card here. Also Watch New 5-km CBD Shaping Up https://youtu.be/mrMtqufjzRY Music Tune Hero's Ascent - Chris Haugen Apex -Aakash Gandhi Philippine Property Market Trend Philippine Real Estate Philippine REIT (Real Estate Investment Trust) Manila Philippine Real Estate is Crashing Demand for Real Estate Picking Up Outside Metro Manila Philippine Real Estate Property Investment Best Property Types to Invest in the Philippines Highest Rentable Properties in Manila Philippines Largest Property Developers Philippine Condo Statistics @bennstv
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