What Can We Expect From PH Real Estate In 2016

Wazzup Pilipinas!

The Philippine economy grew at a slower rate of 5.2 percent in the first quarter of 2015, and 5.6 percent in the second, causing experts to lower their end-of-2015 forecast to around 6 percent. However, despite the turn to less impressive numbers, the local real estate market continues to thrive, and investing in real estate remains safe and ideal for the remainder of the year and for the foreseeable future.

Property portal Lamudi Philippines has listed some of the trends that are forecast for 2016.

1. Continued Growth of the BPO Sector

Business process outsourcing (BPO) companies continue to buoy Metro Manila’s commercial real estate. In fact, experts do not foresee the supply of office space surpassing demand soon, meaning commercial properties (and offices in particular) remain a beneficial investment for 2016.

Apart from the BPO companies’ direct need for real estate, investors can also look to benefit via renting out to traditional offices and commercial and retail establishments looking to take advantage of the opportunities provided by the market comprised of BPO employees. BPOs have also increased the demand in residential properties, especially high-end condos in the major business districts. With the BPO sector workforce also expected to double in 2016 and revenue from the industry to surpass remittances from overseas Filipino workers (OFW), now is a better time than any to invest in rental properties in the cities where these companies are based.

Globe Telecom Powers Country’s 1st 1Gbps Broadband Plan Customer

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Acropolis-based Estrada family is the first customer in the Philippines to subscribe and experience a home broadband plan with internet speeds of up to 1Gbps powered by Globe Telecom. As part of its efforts to uplift the state of internet services in the country by giving customers access to a faster internet experience with lower monthly service fees (MSF), Globe recently unveiled its new roster of home broadband plans powered by fiber-to-the-home (FFTH) technology, providing customers the fastest fiber connection speeds at home now available at a more affordable price.

With the new Globe Platinum Broadband Plans, home broadband customers can enjoy a broadband plan with internet speeds of up to 50Mbps at Plan 2499, 100Mbps at Plan 3499, 200Mbps at Plan 4499, 500Mbps at Plan 7499, and 1Gbps at Plan 9499.

“We are excited for the Estrada family to experience blazing-fast internet speeds at their home powered by Globe. This is a milestone not just for Globe but also for the entire country as we see more Filipinos enjoy high-speed and best-value broadband services as they build their life and work experiences around a digitally-connected lifestyle,” shares Globe Senior Advisor for Consumer Business Daniel Horan.

Prior to introducing a more aggressive home broadband portfolio, Globe already made strides in providing superior mobile technology services as evidenced by a recent LTE report released by OpenSignal. The report showed that Globe Telecom’s LTE download speed is at 10 Mbps, double its competition’s LTE download speed of only 5 Mbps. Globe LTE download speed is comparable to territories/countries like Hong Kong (Smart Tone), India (Airtel), Norway (Telenor, Network Norway), Portugal (NOS), Indonesia (Indosat), which all registered a 10 Mbps download speed, and even higher than the 8 Mbps download speed in Russia (MTS), Malaysia (DiGi) and even US (AT&T, US Cellular, Sprint, C Spire Wireless).

La Union: Bahay na Bato Open Art Gallery

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Our coverage of the 10th La Union Surfing Break gave us the opportunity to also tour around La Union guided by a Department of Tourism (DOT) certified tourist guide who goes by the name of Lawrence Fontanilla “Amar” Carbonell. 

After a 5 hour trip from Manila via van, and a hearty lunch upon arrival at Sebay Surf Resort where we stayed for two nights, we proceeded with a tour of La Union on our first day on October 29, 2015.

With DOT personnels from the Makati office and one from the Region 1 office, we went on a tour of the nearby tourist spots and dining destinations since the actual surfing break coverage will start the next day, October 30, 2015.

Scheduled for the day were a tour of Bahay na Bato Open Art Gallery located at Luna, the Lady of Charity or Namacpacan church, the Baluarte watchtower at the shores of barangay Victoria, a vendor of native delicacies "tupig" and "bibingka", a restaurant at San Fernando where "Halo Halo de Iloko Balay" and "emparedados" are served, among many other culinary treats, and the Thunderbird Resort Casino and Beach at Poro Point. We were also supposed to visit the Macho temple and the botanical gardens but lacked the time to pursue it.