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Market Overview

Philippine Property Market Overview - July 2008
The property market endures the adverse effects of rising commodity and construction prices with strong residential condominium sales and CBD-wide office vacancies remaining below 5%

Philippine Market Overview - April 2008
Healthy economic growth can still continue despite inflationary pressures with the aid of private consumption and increased fiscal stimulus. Overseas worker remittances surged to US$14.4 billion in 2007 with an expected 8% increase in 2008 at US$15.6 billion.

Philippine Property Market Overview - January 2008
January to November OFW remittances reached $13.053 billion – up by more than 14% from last year’s $11.438 billion for the same period. Remittances reflected the continued rise in the number of deployed overseas workers.

Cebu Office Market Overview - August 2007
Office lease rate in Cebu City is currently pegged at an average of P313 per square meter per month. Asiatown IT Park is being transacted at an average of P413 per square meter per month while the other Ayala Land project, Cebu Business Park, is at par with P399 per square meter per month.

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