According to last Global Property Guide’s report (2nd quarter 2015), in Philippines residential rents up, vacancy rates down.
Residential rents continue to increase in the major CBDs, mainly due to strong demand and lack of new completions.
In the second quarter of 2015:
In Makati CBD, monthly residential rents rose by 1.6% q-o-q to PHP590-1,135 (US$13-24) per sq. m.
In Fort Bonifacio, monthly residential rents rose by 1.9% q-o-q to PHP770-1,100 (US$16-23) per sq. m.
In Rockwell, monthly residential rents rose by 1.8% q-o-q to PHP670-1,070 (US$14-23) per sq. m.
Rents in these locations are projected to increase further in the next 12 months.
In Makati CBD, residential vacancy rates across all grades fell to 7.64% in Q2 2015 from 7.96% in the previous quarter.
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