1.
RESIDENTIAL
PROPERTY
OUTLOOK AFTER
THE FIRST
QUARTER OF
2022
WWW.CROWNASIA.COM.P
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2.
Before you decide to put your condo for
sale or lease, you have to know how the
current residential market is doing and
the Philippine economy as well. Luckily,
Colliers just submitted its most recent
data for the first quarter of 2022 for
the residential property outlook. Read
this article to learn more about real
estate markets situation, their
recommendations and where you should buy
a house or condo.

3.
COLLIERS Q1 REPORT AND RECOMMENDATIONS FOR
RESIDENTIAL REAL ESTATE
Colliers, a leading professional services
and investment management company,
recently published its quarterly market
report for residential real estate for
the first quarter of this year. In this
report, they stated some of the most
insightful recommendations and data that
will help you see how you should invest
in residential real estate.

4.
A MODERATE FLOW OF NEW SUPPLY IN THE RESIDENTIAL
MARKET
Colliers projects about 10,500 new
units by the end of the year, as new
projects conclude in Ortigas Center,
the Bay Area, and Fort Bonifacio.
These combined will account for 85% of
the new supply of residential units to
answer the residential demand for this
year, which should be 20% more than
the previous year-on-year.

5.
VACANCY TO DECLINE IN THE SECOND HALF OF THE
FISCAL YEAR FOR THE REAL ESTATE MARKET
Overall vacancy in the Metro Manila
residential market dropped this first
quarter of 2022 — from 17.9% a quarter ago
down to 17.8%. This may not seem like a
lot, but this is the first-ever drop in
vacancy rate after eleven uninterrupted
quarters of increased vacancy rate.
A decrease in vacancy rate is great because
that means people want to live in an area
or building. A low vacancy rate means there
are more occupied units, which could be
something you can take advantage of if
you’re thinking of setting up your condo
for sale or buying a condo and having it
for rent.

6.
RENTS AND RESIDENTIAL PROPERTY PRICES WILL RECOVER
Rents in the secondary market (a market
where investors buy assets from other
investors) declined by 0.2% quarter-on-
quarter this first quarter of the year.
However, Colliers saw prices beginning to
recover, with an increase of 1.2%
quarter-on-quarter. They are optimistic
that rents and prices will increase by
1.5% and 2.7% respectively by the end of
the year.
As employees return to traditional and
blended work settings, the residential
leasing market and residential developers
should recover this year. Based on
Colliers’ fourth quarter Office Survey
last year, 42% said that their companies
are requiring 75% to 100% RTO, which can
encourage their employees to rent condos,
apartments, or co-living facilities that
are close to their work area.

7.
LANDLORDS SHOULD IMPROVE AMENITIES AND VALUE-ADDED
FEATURES
The survey of the IT and Business
Process Association of the Philippines
(IBPAP) and the overall market sentiment
found that about 90% of employees work
better in a hybrid model. Because of
this, Colliers recommends developers and
rental property owners improve amenities
to better suit the work-from-home
setup.
Just recently, DMCI introduced a co-
working space in their Lumiere
Residences during the pandemic to
attract more residents. This workspace
is fully equipped with high-speed
internet, printers, photocopiers, and
virtual mailboxes — all exclusive for
registered tenants and residents of
the condo.

8.
TAKE ADVANTAGE OF RENTAL CORRECTIONS IN MAJOR
BUSINESS DISTRICTS
Colliers found a significant decrease in
rent prices for 1BR and studio units
compared to pre-pandemic rates in
Central Business Districts (CBD),
including Fort Bonifacio, Ortigas, and
Makati.
For Colliers, RTO should encourage
employees to live in these CBDs,
improving the demand for residential
leasing in these locations. If you have
a ready-for-occupancy (RFO) condo for
sale in CBD areas, you might consider
putting it up for lease instead and
offer attractive terms to generate a
continuous flow of profit. The same goes
for developers who want to attract more
tenants in these areas.

9.
EXPLORE AREAS VIABLE FOR RESIDENTIAL DEVELOPMENT
Colliers encourages developers to
explore the outer edges of an area for
residential development. This is because
they saw strong pre-sales in submarkets
last year in fringe areas like Alabang-
Las Piñas, Manila North, and Caloocan-
Malabon-Navotas-Valenzuela (CAMANAVA).
These areas accounted for 82% of
affordable-to-mid-income projects last
year.
Additionally, Colliers recommends
developers to look for developable land
in the Bay Area and Makati CBD because
demand for condos in these areas
increased ever since Metro Manila eased
pandemic restrictions down to Alert
Level 1.

10.
BEST LOCATIONS TO BUY A CONDO OR HOUSE
As prices for residential properties are
getting more attractive, you should take
advantage of this before you run out of
opportunities. While most of Colliers’
recommendations are for CBD areas, you might
be looking for someplace where you can raise
your family in a quiet, comfortable area not
too far from the city.

11.
MANDALUYONG
Mandaluyong City is considered to be
“Metro Manila’s Heart” as it rests in
the center of the metro. It is extremely
accessible and practically near
everywhere in Metro Manila — be it for
commuters and car owners alike. Living
here means you have quick access to
Rockwell via Rockwell Bridge, Ortigas
via Shaw Boulevard, Makati Poblacion via
Makati-Mandaluyong Bridge, and other
major cities via EDSA.
Mandaluyong is near the top 100 colleges
and universities, including Rizal
Technological University, Don Bosco
Technical College, FEU Makati, Mapua
Makati, and Jose Rizal University.

12.
LAS PIÑAS
Being in the less busy part of the Bay Area,
Las Piñas is a great city to live in because
it’s accessible to big cities like Pasay and
Parañaque but also provinces
like Cavite and Laguna. It rests in the middle
of Parañaque and Bacoor, Cavite, giving you
the choice to live a busy city life or a slow
and quiet provincial life with your family.
Additionally, Las Piñas is one of the least
polluted areas in Metro Manila, having a good
air quality index according to IQAir, a
leading organization that provides information
about air quality and how to improve it.
Because really, no matter how “used to it” you
say you are, you can’t deny that breathing
light air feels so good.

13.
LAGUNA
Laguna is one of the fastest developing
provinces in Luzon, with its farthest
point only two hours away from Metro
Manila. While being near the metro, it
is still a province so it has a
considerably lower cost of living
compared to the big city — all while
having the same quality of life (maybe
even better) that the metro offers.
The best thing about Laguna is while it
is continuously being developed, it
preserved its natural surroundings by
incorporating greenery into its
developments. Best of all, Laguna has a
lot of towns or municipalities where you
can live, giving you the option to live
in a far provincial area or an urbanized
city.

14.
CAVITE
If you want to be near the convenience of
living in the metro without actually
living in it, Cavite is your best bet. It
rests just south of Metro Manila, with
the nearest municipality being Bacoor,
which is just south of Las Piñas and
beside Muntinlupa. Not to mention, it is
also close to other developed provinces
like Laguna and Batangas.
Because of its location, Cavite is ideal
for starting a family or raising kids,
because you get to be close to work in
Metro Manila while enjoying the peaceful
life away from the city. It’s also
relatively cooler in Cavite, as it has a
lot of green spaces, especially if you
live close to Tagaytay City.

15.
CONTACT US
Head Office
LGF, Building B, Evia Lifestyle Center, Daang Hari Road,
Almanza Dos, Las Piñas, 1750 Metro Manila
Get in touch with us.
Phone No.
(+632) 8882 7696
Inquiries (House & Lot)
(+639) 56 380 0015
Inquiries (Condominium)
(+639) 56 654 8258
To know more visit us now at
https://www.crownasia.com.ph/