Buyers from mainland China had dominated residential sales in the Philippines amid improving ties between Manila and Beijing, real estate services firm Leechiu Property Consultants said.
According to the same source LPC, the Philippine property market is expected to achieve double-digit growth this year, with real estate values seen scaling all-time highs across all sectors.
As a real estate investment and property management firm, we can furthermore report some significant changes in the residential lease market, coming together with a strongly increasing demand of staff housing from many Chinese companies who are establishing and developing their businesses in the country.
Market prices of the properties are still mostly driven by the developers and now from Chinese cash buyers, but the time for a more mature market is probably about to happen, specially in the areas and territories where the lands are fully developed.
For any information, our company is providing independent advisory on the market and offer direct and full property management to investors.