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Philippines Property Market 2024: Trends & Insights

Philippines Property Market 2024: Trends & Insights

PROPERTY MARKET: RESIDENTIAL A Sea Change The Metro Manila pre-selling condominium segment continues to see an extended remaining inventory life. This has compelled developers to take a more cautious stance and temper new launches in the capital region. While the central bank’s decision to cut interest rates bodes well for the sector, we do not expect the reduction to have an immediate impact on mortgage rates, which remain elevated. The headwinds in the property sector are prompting developers to continue offering innovative and attractive payment terms, as well as early move-in promos. Firms are also providing top-notch amenities and after sales service, which should help buoy demand in Metro Manila. The region continues to see a substantial number of unsold ready-for-occupancy (RFO) units. Developers are pivoting to stay afloat. More leisure-themed projects, including golf communities, are being launched from Luzon to Mindanao, injecting much-needed optimism into the residential sector, which is still suffering from elevated mortgage rates, high land values, rising prices of construction materials, and the exodus of POGOs.* RLC Buying PHP3.5 Billion Land for Taguig Project Robinsons Land Corporation (RLC) is investing PHP3.5 billion (USD 60.3 million) for the acquisition of a 61,761-square-meter (664,800-square-foot) land in Taguig City. The land will be developed into an integrated community called Bonifacio Capital District. The mixed-use project will be a joint venture partnership between RLC and the Bases Conversion and Development Authority (BCDA). Located beside the New Senate Building, the project will offer residential, commercial, office, hotel, and recreational spaces. Megaworld Allots PHP15 Billion for Ilocos Beachside Township Megaworld Corp. is investing PHP15 billion (USD 259 million) for the development of Ilocandia Coastown, an 84-hectare (208-acre) beachside township in Laoag, Ilocos Norte. The township will feature upscale residential developments, a shophouse district, a commercial district, a town center, and a 1.4-kilometer beachfront. SM Expanding Footprint in ClarkThe SM Group is allotting PHP2 billion (USD 34.5 million) for the construction of several hotels, a convention center, and a transport terminal in Clark, Pampanga. The terminal will connect SM City Clark to the upcoming North–South Commuter Railway (NSCR). Meanwhile, the group plans to add more hotels under the Park Inn brand over the next five years to complement the SMX Convention Center Clark.Uncover key insights into Philippines December 2024 real estate trends. Find out what's driving sales, prices, and listings- read the full update here!Data extracted in December 2024Read More

9 December

Western Australia Tops National Economic Growth with Strong Retail and Housing

Western Australia Tops National Economic Growth with Strong Retail and Housing

This article is contributed by Lily Chong, Country Head of IQI AustraliaWestern Australia has officially claimed the top spot in economic performance nationwide, according to the latest CommSec State of the States report. This marks WA's first top ranking since 2014, bolstered by strong indicators in retail spending, low unemployment, and record-setting population growth, which helped WA surpass all other states. WA Premier Roger Cook highlighted that the state's economic strength is a key driver of national prosperity. Currently, WA is experiencing a 3.11% annual population growth, which has contributed to a 10.5% increase in retail spending in the June quarter of 2024. The population milestone of reaching 3 million people has also spurred a rise in car sales, which are up 25% compared to the decade average. However, this growth spurt has come with its challenges: inflation in Perth is the highest in the nation at 4.6%, and the building sector remains under-resourced, putting pressure on new housing developments. Despite these challenges, WA's economic outlook remains promising. Future performance is expected to stay strong, though rising costs and market demands may influence the state’s ability to maintain this momentum. Property Market Set for Record Growth Perth’s property market is equally impressive, with forecasts from the Real Estate Institute of WA (REIWA) predicting a 25% growth in house prices and a 20% rise in unit prices by the end of 2024. This could push the median house price to $750,000 and units to above $500,000 by year-end. As of September, the median house price had reached $707,000—a 17.8% increase since December 2023—and median unit prices had hit a record $470,000. REIWA CEO Cath Hart attributes this surge to continued population growth and limited housing stock. Although home build times have improved, housing completions remain low, keeping demand strong and exerting upward pressure on prices. While factors like interest rates and upcoming elections could moderate growth, conditions remain favorable for the market's continued upward trend. Perth Rental Market Eases Amid Higher Prices Perth’s rental market shows signs of moderation, with median rent prices for houses and dwellings remaining stable at $650 per week, while unit rents have risen to $640. Vacancy rates, which increased from a low of 0.4% in March to 1.6% in September, indicate a gradual easing of rental pressures. According to Hart, further rental increases are likely to be modest as the market approaches an affordability ceiling and additional supply enters the market.Stay ahead of the curve—explore more insights on Western Australia's thriving economy and property market. Subscribe now for the latest updates!Data extracted in December 2024Read More

9 December

Pakistan Real Estate Outlook 2024: Key Trends and Opportunities

Pakistan Real Estate Outlook 2024: Key Trends and Opportunities

REPORT OF IQI KARACHI FOR MONTHLY NEWSLETTER – DECEMBER 2024The real estate investment outlook for Pakistan in 2024 is shaped by several key factors, including economic conditions, political stability, regulatory changes, and urbanization trends. Here are some of the major trends and expectations.Economic Recovery and GrowthPakistan's economy has faced challenges due to inflation, currency depreciation, and political uncertainty. However, with potential economic reforms and a focus on stabilizing the macroeconomic environment, there could be a gradual recovery, boosting investor confidence in the real estate sector.Overseas Pakistani InvestmentOverseas Pakistanis are a significant source of real estate investment. The government is likely to continue offering incentives to attract remittances into the real estate sector, such as secure and transparent online platforms for property transactions.Commercial Real Estate GrowthThe commercial real estate sector is likely to see growth in 2024, particularly in major cities. The rise of e-commerce, retail, and the service industry will drive demand for commercial spaces. Additionally, the IT and tech sectors are expanding, leading to increased demand for office spaces.Government InitiativesThe government may continue to implement policies aimed at boosting the real estate sector, such as tax incentives, amnesty schemes for real estate investors, and development projects under the China-Pakistan Economic Corridor (CPEC). These initiatives are expected to enhance infrastructure and create new investment opportunities.Emaar Pakistan – Your Next Big Investment?Emaar's projects in Karachi, Pakistan, have emerged as attractive investment opportunities, especially for overseas Pakistanis. Emaar, a global property developer known for its iconic projects like the Burj Khalifa in Dubai, brings a reputation for quality, luxury, and modern urban living to Karachi. Here's why these projects are appealing:Reputation of EmaarEmaar is a well-known and trusted brand in real estate, particularly among overseas Pakistanis familiar with their projects in the Middle East. This brand recognition instillsconfidence in the quality, timely delivery, and long-term value of their developments.Prime LocationsEmaar’s projects in Karachi are located in prime areas, offering excellent connectivity, accessibility, and proximity to key commercial and recreational hubs. These locations are attractive to both residents and investors, ensuring strong demand and potential for capital appreciation.Luxury and Modern AmenitiesEmaar's developments are known for their luxury and modern amenities. Projects like ‘Crescent Bay’ in Karachi feature high-end apartments, state-of-the-art facilities,including gyms, swimming pools, shopping centers, and scenic views of the Arabian Sea. These features make the properties desirable for those seeking a premium lifestyle.High Rental YieldsGiven the demand for high-quality living spaces in Karachi, Emaar’s properties often offer strong rental yields. Overseas Pakistanis looking for income-generating investments can benefit from the rental demand, particularly from expatriates and affluent locals.ConclusionEmaar’s projects in Karachi are highly attractive to overseas Pakistanis due to the combination of the developer’s international reputation, the strategic location of their properties, luxurious amenities, and the potential for strong returns on investment. As Karachi continues to grow and modernize, these projects are likely to remain a popular choice for those looking to invest in Pakistan's real estate marketUncover key insights into Pakistan's December 2024 real estate strend. Find out what's driving sales, prices, and listings- read the full update here!Data extracted in December 2024Read more

9 December

Building The Future: Malaysia’s Strategic Development Of EV Charging Networks

Building The Future: Malaysia’s Strategic Development Of EV Charging Networks

This article is contributed by Irhamy Ahmad, founder and managing director of Irhamy Valuers International, who brings nearly 35 years of experience, chartered valuation surveyor and plant & machinery valuer.As global environmental concerns grow, the shift toward electric vehicles (EVs) is gaining momentum, and Malaysia is no exception. Committed to achieving carbon neutrality by 2050, Malaysia is actively promoting the adoption of EVs as a central part of its sustainable transportation strategy. This transition is driven by the goal of reducing greenhouse gas emissions and dependency on fossil fuels, aligning the country with global trends in clean energy.Malaysia aims for electric vehicles to make up 15% of the total industry volume by 2030. One critical factor in EV adoption is the development of adequate charging infrastructure. Without enough charging stations, widespread EV usage would be impractical.Commercial EV charging stations in Malaysia primarily offer two types of chargers: Level 2 chargers and DC fast chargers, each differing in charging speed, power output, and additional costs (which vary based on local conditions). The figure below illustrates the differences, which are self-explanatory. The figure below provides an approximate cost comparison for building EV charging stations in Malaysia relative to other countries. All prices are in USD and may vary from actual figures.The Malaysian government offers several incentives to support the development of commercial EV charging infrastructure. Under the Low Carbon Mobility Blueprint, businesses setting up charging stations receive tax exemptions and rebates, with additional benefits from the Green Investment Tax Allowance (GITA), which provides tax deductions on capital expenditures. The Green Technology Financing Scheme (GTFS) 4.0 further supports EV infrastructure by offering a 60% to 80% government guarantee on green component costs and a 1.5% annual rebate on interest rates, making low-interest financing more accessible for companies investing in charging networks.In conclusion, Malaysia's push for sustainable transportation through EV adoption is gaining momentum. The success of this transition relies on rapidly expanding EV charging infrastructure. With government incentives, strategic investments, and rising public interest, the country is set to meet its ambitious goals, reducing carbon emissions and establishing itself as a leader in green mobility in Southeast Asia.Are you curious about other market insights? Download the file to discover more! Download

11 November

The Influence Of OPR Trends On Malaysia’s Real Estate Dynamics

The Influence Of OPR Trends On Malaysia’s Real Estate Dynamics

This article is contributed by Muhazrol Muhamad, GVP, Head of IQI IRealityThe Overnight Policy Rate (OPR), set by Bank Negara Malaysia (BNM), plays a significant role in shaping economic activity in Malaysia, with its ripple effects profoundly impacting the real estate sector. Covering the period from 2004 through September 2024, the OPR's trajectory offers insights into how monetary policy aligns with economic cycles and its direct implications for real estate, including housing affordability, investor sentiment, and market stabilityThe Current Economic SettingAs of the latest update in September 2024, the OPR remains stabilized at 3%, reflecting BNM's strategy to maintain economic equilibrium amidst fluctuating global and domestic economic conditions. This approach demonstrates a nuanced understanding of the market's needs, where excessively low rates might stoke inflation, and high rates could dampenSustainable Growth in the Property MarketThis maintained rate, despite global economic recovery and localized market adjustments, suggests a commitment to fostering sustainable growth. For homebuyers, the stability in interest rates ensures predictable mortgage costs, making long-term financial planning more feasible. Similarly, for developers and investors, particularly in sectors like commercial real estate, such predictability supports more confident investment decisions, encouraging the progression of planned developments with reduced risk of abrupt financial shifts.Adapting to Economic PredictabilityThe consistent OPR helps temper boom-and-bust cycles that can lead to real estate bubbles. With a steady rate, property prices tend to grow at a more sustainable pace, aligning more closely with actual demand and economic growth rather than speculative investment. This stability can help prevent the sharp corrections that have historically disrupted the real estate market and the broader economy.Long-term Implications for Investors and HomebuyersThe period leading up to 2024 has shown that while the OPR is a powerful tool for economic management, its most effective application in the real estate sector is through moderation and foresight. By maintaining a stable OPR, BNM provides a foundation for both residential and commercial real estate markets to grow. For investors, particularly international ones, this signals a conducive environment for entering or expanding within the Malaysian market. For local homebuyers, it represents an opportunity to invest in property with confidence, knowing loan repayment conditions will remain stable and manageable over time.ConclusionThe period from 2004 to 2024 has demonstrated the critical role of the OPR in shaping Malaysia's economic and real estate landscapes. Looking forward, the lessons learned from past fluctuations provide valuable insights into the benefits of stability and measured adjustments. As Malaysia continues to navigate both domestic challenges and global economic trends, the OPR will undoubtedly remain a key focus of economic policy, playing a pivotal role in shaping the future of the nation's real estate market.Are you curious about other market insights? Download the file to discover more!Download

11 November

Managing Market Volatility: 5 Ways to Stay Focused During Global Economic Fluctuations

Managing Market Volatility: 5 Ways to Stay Focused During Global Economic Fluctuations

This article is contributed by Hamid R Azarmi, Head Of Business Development at Juwai IQIIn times of global economic uncertainty, market volatility can be overwhelming for many investors. However, staying focused and maintaining a clear strategy is key to navigating these fluctuations. By adopting the right approaches, you can protect your investments and stay aligned with your long-term financial objectives. Below are five practical strategies to help you manage market volatility effectively.Use Dollar-cost AveragingDollar-cost averaging involves investing a fixed amount of money at regular intervals, regardless of market conditions. This strategy helps mitigate the impact of volatility by spreading out your investments over time, which averages out the cost per share. It’s particularly useful in volatile markets, as it prevents you from making lump-sum investments at potentially unfavorable times.Incorporate Defensive AssetsDefensive assets such as high-quality bonds, dividend-paying stocks, and precious metals can provide stability when markets are turbulent. These assets generally perform better during market downturns and can help cushion your portfolio. Allocating a portion of your investments to defensive assets can help reduce overall risk and provide income during periods of volatility.Stay Informed, But Don’t OverreactBeing informed about market trends and economic indicators is crucial for making sound investment decisions. However, excessive news consumption can lead to anxiety and knee-jerk reactions. Focus on reliable sources and avoid reacting to every headline. Instead, base your decisions on a well-considered strategy and your long-term goals.Seek Professional GuidanceIf managing market volatility feels overwhelming, consider consulting with a financial advisor. A professional can offer tailored advice based on your financial situation, risk tolerance, and investment objectives. They can provide insights into market trends and help you develop strategies to navigate volatility more effectivelyBuild An Emergency FundHaving an emergency fund is essential for financial stability. It acts as a buffer in case of unexpected expenses or economic disruptions, so you don’t have to liquidate investments during market downturns. Keep this fund in a low-risk, easily accessible account, such as a savings account or money market fund, to ensure you can cover any immediate needs without disrupting your investment strategyMarket volatility is an inevitable part of investing, but it doesn't have to derail your financial plans. By employing strategies like dollar-cost averaging, incorporating defensive assets, and maintaining a long-term perspective, you can better manage economic fluctuations. Regularly reviewing and adjusting your investments, seeking professional advice, and keeping an emergency fund in place will help you stay focused on your financial goals. With a disciplined approach, you can navigate market turbulence with confidence and continue progressing toward your objectives.Interested to know more? Click here to read more!Download

11 November

10 Things You Need To Know Before Moving To Malaysia

10 Things You Need To Know Before Moving To Malaysia

This article is contributed by Taco Heidinga, CEO and Founder of Propcoach International Inc. and Global Strategic Advisor at Juwai IQI, who brings nearly 20 years of real estate expertise and a commitment to uplifting professionals globally.In life, there are times where we have to conclude to a major decision. As a result to that, it will alter the course of our lives forever.And moving to a new country is one of them.Malaysia is among the countries that numerous individuals highly regard as a top option. But with zero clue on the country's rules, regulations, and policies, worrying should be last on the list.Stop the fuss because we will get an in-depth insight on the 10 Things You Need To Know Before Moving To Malaysia. Key Takeaways Before Moving To Malaysia1. Which Area To Live InThere are many areas perfect for living, whether you prefer a quiet or hectic lifestyle. Ialways suggest following the "20-minute rule." Wherever your office is based, draw a 20-minute radius by car around it, and aim to live inside that circle to avoid heavy traffic.2. International SchoolsApply the same 20-minute rule, but this time from your home. Also, consider the curriculum of each school to ensure you're providing your kids with the right educational path.3. International Health InsuranceMost employers provide basic health insurance. However, this only covers you aslong as you're employed by the company and residing in Malaysia. If you ever plan on relocating or retiring abroad, get international health insurance so you can travel with continuous coverage. The younger you are when you get it, the better.4. Network & ResourcesJoin events and societies to quickly build your network and resources upon arrival. Younever know when you might need the helping hand of a friend, and it's difficult to build connections when starting fresh.5. Financial StructuresWhen you leave your home country, you may be unnecessarily exposed to taxes. Movingyour money into a depreciating Ringgit can also be harmful. Speak with a financial planner to ensure you're in the most suitable cross-border structure for you and your family, especially if you're planning for retirement.6. Legal Protection & WillsUnderstanding local laws, such as rental contracts, can save you a lot of money. Also,ensure you have a will that is valid under Malaysian jurisdiction, especially to cover your EPF (Employee Provident Fund).7. HealthcareWhile "999" works for emergencies, it will most likely take you to a government hospital. Make note of the private hospitals closest to you and their emergency contact numbers so you can call them directly if needed.8. Understanding TaxUnderstanding the 182-day, 30% tax rule, as well as your exposure to capital gains tax and inheritance tax liabilities in your home country, can help ensure you are in the right tax structure.9. Life InsuranceChances are your home country's life insurance won't cover you abroad. If something were tohappen to you, could your family continue without your income? Anyone with dependents should have suitable life insurance. 10. TransportationFollow the JPJ checklist to ensure you have a Malaysian driver's license. Make full use of Grab, and consider choosing a property close to LRT or MRT lines to make getting around Malaysia easier.To get more insights, click here to downloadDownloadTaco Heidinga, CEO and Founder of Propcoach International Inc. and Global Strategic Advisor at Juwai IQI, brings nearly 20 years of real estate expertise, training over 1,000 agents worldwide. His dedication to elevating industry professionals shines through his commitment to education, collaboration, and skill-building. With a vision to expand the Juwai IQI platform globally, Taco emphasizes innovation and exceptional customer service, setting new standards in the real estate industry.To get the latest news and insights on real estate, click the image below and join our Whatsapp channel!

8 November

India’s Real Estate Market Eyes $10 Trillion by 2047: Urban Growth, Innovation, and Sustainability Drive the Future

India’s Real Estate Market Eyes $10 Trillion by 2047: Urban Growth, Innovation, and Sustainability Drive the Future

This article is contributed by Mannu Bhazin, Country Head of IQI India.$10 TRILLION REAL ESTATE MARKET: THE FUTURE OF INDIAN REAL ESTATEAs India continues its journey toward becoming a $10 trillion real estate market by 2047, the sector is set to play a transformative role in the country's economic landscape. With the potential to contribute up to 20% of India's GDP, real estate is not just witnessing growth—it’s undergoing a metamorphosis. This evolution is driven by rapid urbanization, infrastructure investments, digitalization, demographic shifts, and sustainability. As India races toward becoming a predominantly urban country by 2050, with over half the population expected to live in cities, peripheral areas around metros and Tier II and III cities are set to become the new growth engines. The government's push for infrastructure development—such as expanding metro networks, building expressways, and developing smart cities—will stimulate real estate growth, particularly in underdeveloped regions. This trend will lead to a surge in residential projects, office spaces, IT hubs, and logistics units, as these areas become more connected and accessible.By 2050, the median age will rise from 30 to around 40, placing a significant portion of the population in the "first-time homebuyer" bracket. This demographic shift is expected to fuel healthy demand across various housing categories, from affordable homes to luxury apartments.The rise of technology has brought new asset classes to the forefront. Data centers, driven by the booming demand for cloud services and digital infrastructure, are set for strong growth. The sector is also witnessing a rising interest in warehousing and logistics units, thanks to the rapid expansion of e-commerce.As environmental consciousness grows, modern townships designed with eco-friendly features such as green buildings, renewable energy sources, and sustainable water management practices are not just an option but an expectation from homebuyers and investors alike.The next two decades will witness the evolution of both core (residential and commercial) and emerging real estate segments (senior living centers, logistics hubs, and data centers).The Indian real estate market is on the brink of extraordinary growth, driven by urban expansion, evolving demographics, digital innovation, and sustainability. As infrastructure projects reshape cities and investment opportunities diversify, this sector will play a pivotal role in building a modern, thriving economy.Ready to explore the future of Indian real estate? Contact us to discover investment opportunities in this booming market!Data extracted in September 2024Read more now!

8 November

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