How China’s love of online betting is boosting the Philippine property sector

The country has become a magnet for Chinese online gambling operators, barred from setting up shop at home and stifled in Macau by measures aimed at curbing the spending of wealthy mainlanders. Warmer relations between Beijing and Manila under President Rodrigo Duterte have underpinned the influx; Chinese gaming firms took up 30% of the 775,000sq[…]

JLL Sees Further Growth in Property Markets in PH and other SEA Nations

Southeast Asia continues to be one of the fastest growing markets in the world today- and is set for further outperformance for the 2 nd half of 2018. This is the gist of JLL’s findings which drilled down on the key themes and factors affecting investments in several Southeast Asian cities, including the Philippines. Faster[…]

Demand from Chinese drives up rental rates in Makati, Bay Area

CHINESE employees of offshore gaming companies are pushing rental rates by 30% to 50% higher in some residential condominium properties in the Bay Area and Makati City, as the offshore gaming sector continues to expand in the country. This is according to the Philippine unit of real estate consultancy Colliers International, which noted that rental[…]

Makati & BGC preferred locations for flexi workspaces

PROPERTY consulting and management firm JLL Philippines reported on May 21 that 2,000 new seats from flexible workspaces in Metro Manila were completed annually between 2014 and 2017. Janlo de los Reyes, JLL Philippines head of research and consulting, said that Makati and the Bonifacio Global City are the most preferred locations to establish flexible[…]

Revolution Precrafted enters European market

REVOLUTION PRECRAFTED Philippines, Ltd. is on track to expand to 25 markets by the end of the year, announcing on Tuesday its entry into Europe through a partnership with a Barcelona-based firm. In a statement, the property technology firm said it is partnering with Spanish firm BC Estudio for the supply of $52 million worth[…]

Philippines #1 Country for Property Investment

Buying a rental property is a wise way to earn passive income. As a landlord, you’re getting paid to own something, rather than paying to own it. The mortgage is often covered by rental income from tenants, and if you play your cards right you’ll profit after covering insurance, taxes, and maintenance costs. But while[…]

Zillow’s Rascoff on the future of his $10B company

Spencer Rascoff doesn’t often share his secret sauce. But in a new, wide-ranging interview, the CEO of Zillow provided the most detailed look yet at the strategy that’s made the company a $10 billion listings giant. The big insight, Rascoff said to Forbes, was betting it all on mobile in 2007, after watching Apple CEO[…]

Price of luxury condos in BGC skyrockets to all-time high

PRICES of high-end residential condominiums in key business districts soared to all-time highs last year, with units in Bonifacio Global City commanding as much as P300,000 per square meter (sq.m.), according to a property consultant. Leechiu Property Consultants (LPC) said luxury condominium units in BGC start at P159,125 per sq.m. and go for as much[…]

Why rentals make great investments

The expanding population, the huge amount of workforce who migrate to Metro Manila, and the huge amount of tourists are the reasons why rentals in the Philippines are just a hit nowadays. It’s a passive income which means it requires less effort than most businesses. With the help of property portals and online shared services[…]

Cloudbeds Acquires OneRooftop 

Cloudbeds, the leading provider of hospitality management software for independent properties (hotels, hostels, inns, bed and breakfasts, campgrounds, and more), today announced their acquisition of OneRooftop, an intuitive software solution and website builder for vacation rentals. The acquisition accelerates Cloudbeds’ development efforts to provide the friendliest and most advanced property management solution for vacation rentals.[…]