PH PROPERTY MARKET IN 2025: KNOW YOUR DEMAND BEFORE YOU EXPAND
The Philippine Star|January 03, 2025
The Metro Manila condominium market continues to see challenges, as I highlighted in my previous column last December 20.
Joey Roi Bondoc, Director and Head of Research, Colliers Philippines
PH PROPERTY MARKET IN 2025: KNOW YOUR DEMAND BEFORE YOU EXPAND

In our view, property developers need to remain agile as they navigate through the challenges in the property market.

Maintaining the status quo just won't cut it. From extending downpayment terms to implementing more innovative promos to ramping up residential towers' amenities and facilities, developers need to be proactive to fully capture the market's recovery in 2025.

CONTINUE OFFERING ATTRACTIVE PROMOS AND PAYMENT SCHEMES

During the peak of the pandemic, we have observed developers offering attractive and innovative promos to address the lukewarm demand in the pre-selling market. Some have given discounts of up to 15% on spot cash payments in select projects. Other developers have offered lower reservation fees, and free items such as appliances, furniture, and gadgets.

Colliers recommends that developers remain aggressive in offering promos and revisit their payment schemes, especially with still sizable number of RFO units in Metro Manila. We are seeing extended downpayment terms of up to 84 months for some newly-launched projects. Colliers believes that affordable amortization and extended payment terms should help reignite residential appetite from investors and end-users.

OFFERING UPGRADED AMENITIES AND FACILITIES SHOULD BE THE NORM

Aside from carving out flexible workspaces within residential developments to entice interest from professionals that work under hybrid arrangements (mix of office and traditional office setup), Colliers believes that developers should continue promoting the upscale amenities and facilities that they offer within their residential developments, whether vertical or horizontal.

This story is from the January 03, 2025 edition of The Philippine Star.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 03, 2025 edition of The Philippine Star.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE PHILIPPINE STARView All
Dani Barretto Is Setting the Best Example for Siblings and Mom Marjorie
The Philippine Star

Dani Barretto Is Setting the Best Example for Siblings and Mom Marjorie

They say fortune favors the bold and this 2025, Dani Barretto is entering the year with a bang!

time-read
2 mins  |
January 11, 2025
MELAI CANTIVEROS ON BISAYA
The Philippine Star

MELAI CANTIVEROS ON BISAYA

MELAI CANTIVEROS ADMITTED THAT SHE WAS often teased because of her Bisaya accent, but she would just laugh it off.

time-read
2 mins  |
January 11, 2025
Global boy group search 'Be the Next: 9 Dreamers' premieres on TV5
The Philippine Star

Global boy group search 'Be the Next: 9 Dreamers' premieres on TV5

This February, the biggest K-pop stars and makers, together with the Kapatid network, will finally open the doors to \"Be the Next: 9 Dreamers,\" the global collaboration between MLD Entertainment PH and TV5.

time-read
1 min  |
January 11, 2025
Paolo Sandejas Sings About Saving LDR in a Happy, Hopeful Way
The Philippine Star

Paolo Sandejas Sings About Saving LDR in a Happy, Hopeful Way

Singer-songwriter Paolo Sandejas has given his two cents on how to save a long-distance relationship, or LDR, in the single, manila to LA.

time-read
3 mins  |
January 11, 2025
Jennifer Lopez Identifies With Real-Life Mom in 'Unstoppable' Film
The Philippine Star

Jennifer Lopez Identifies With Real-Life Mom in 'Unstoppable' Film

Jennifer Lopez found herself in tears as the real-life mom Judy Robles, whom she portrayed in the sports drama film \"Unstoppable,\" showered her with compliments for her performance.

time-read
1 min  |
January 11, 2025
Oops, I Did It Again
The Philippine Star

Oops, I Did It Again

Why do we keep making New Year's resolutions? Psychologists say it's about hope, a chance to wipe the slate clean, like pressing the reset button.

time-read
4 mins  |
January 11, 2025
Why Such Devotion to the Black Nazarene?
The Philippine Star

Why Such Devotion to the Black Nazarene?

The devotion to the Black Nazarene springs from a pre-colonial belief in miracles—that a fleeting touch can summon divine healing. The sight is humbling, almost otherworldly: a centuries-old statue of Christ, hewn in Mexico and darkened by the hands of time, borne on the shoulders of the faithful.

time-read
3 mins  |
January 11, 2025
The Philippine Star

How to evacuate a 300-pound pig

As wildfires blazed through Los Angeles on Wednesday, Ellen Marie Bennett shared a plea with her Instagram followers: could someone, ideally someone with a spare trailer, help evacuate her roughly 300-pound potbellied pig?

time-read
2 mins  |
January 11, 2025
IF ONLY YOU CAN FLY, DELTA ONE STYLE
The Philippine Star

IF ONLY YOU CAN FLY, DELTA ONE STYLE

I'm enjoying my fruit and cream croissant and bloom tea while aircraft spotting when someone walks up to me and says that my ride (a black Porsche Cayenne) is waiting downstairs.

time-read
4 mins  |
January 11, 2025
The Philippine Star

Revisiting the CCP's mandates

The Cultural Center of the Philippines (CCP) recently celebrated the 55th anniversary of its inauguration.

time-read
3 mins  |
January 11, 2025