Wazzup Pilipinas!
With 2015 drawing to an end, many would-be real estate investors and homebuyers must be wondering what 2016 would bring. Will the condo market finally experience a downturn? Should investors diversify their portfolios and turn to offices? Or should we look outside Metro Manila?
Global property website Lamudi Philippines (www.lamudi.com.ph) takes a look on what are potentially good real estate investment deals in 2016.
1. Strata-titled Offices
Unlike the BPO office towers built and owned by real estate developers and rented to BPO companies, strata-titled offices can be bought by individual investors and buyers and have them rented out to companies. For property buyers looking to diversify their investment portfolios, this property type makes sense as there is currently a shortage of office space in Metro Manila, especially in the major CBDs, placing an upward pressure on rental rates. In addition, Colliers International said in its third quarter 2015 report that decreasing land-bank options in the Makati CBD, Bonifacio Global City (BGC), and Ortigas Center is also pushing capital values of office buildings upward.
Among strata-titled developments currently on the market include Alveo Financial Center along Ayala Avenue, which has 363 units and sells on average Php223,000 per sqm. Others include The Stiles in Circuit Makati (Alveo Land; 283 units; Php198,000/sqm); Century Spire in Century City (Century Properties; 283 units; Php203,000/sqm); Capital House in BGC (Avida Land; 222 units; Php142,000/sqm); One World Place in BGC (Daiichi Properties; 283 units; Php136,000/sqm); and Parkway Corporate Center in Alabang (Filinvest Land; 390 units; Php168,000/sqm).



Ross is known as the Pambansang Blogger ng Pilipinas - An Information and Communication Technology (ICT) Professional by profession and a Social Media Evangelist by heart.