Study: Manila, PH is world’s fastest growing luxury home market
Robie de Guzman • March 8, 2019 • 4433
MANILA, Philippines – The Philippine capital of Manila has been tagged as the world’s fastest growing luxury home market for 2018, based on a study published by Knight Frank Prime International Index.h
The latest report of property consultancy agency Knight Frank showed that Manila beat obvious candidates such as Berlin in Germany, Tokyo in Japan, Paris in France and Singapore in the ranking of top cities on how much prices for luxury homes have increased in the past year.
The report said the City of Manila experienced an increase in the prices of luxury homes by 11 percent in 2018, buoyed by the Philippines’ strengthening economy and an apparent shortage of luxury homes. Also contributing to the increase in prices are the low supply and the increased demand from wealthy foreigners living in Manila.
Knight Frank also reported that the country’s economy grew by six percent in 2018, which attracted more Filipino expatriates to invest in properties back home.
But despite its top ranking, the report said the overall growth in luxury home prices is dwindling, and Manila’s price growth is still far from last year’s top performers, which saw a 21 percent overall growth. The deceleration was attributed to the end of real estate low interest rates, which boomed in 2008.
The study also cited the significant slowing down of luxury home growth in the Philippines after the developers’ renewed their focus on more affordable housing amid predictions that there is more demand in the low to medium-end markets.
Apart from Manila, the only other Southeast Asian city that made it to the top ten of list of 100 cities was Singapore, which ranked 7th overall after registering a 9.1 percent increase in luxury home prices.
In the West, Edinburgh ranked second with 10.6 percent growth followed by Berlin, Germany with 10.5 percent, Munich and Buenos Aires both with 10 percent; Mexico city ranked sixth with 9.5 percent while Madrid landed at 9th pace after registering an increase of 8.1 percent in luxury home prices.
Boston, Massachusetts in the United States ranked 8th after gaining 8.6 percent increase while San Francisco placed at 10th.
Beijing, China ranked 25th with only four percent increase while Hong Kong ranked 47th overall with 1.8 percent increase in luxury home prices. – Robie de Guzman
After six months of temporary suspension due to the coronavirus disease (COVID-19) pandemic, the Land Transportation Franchise and Regulatory Board (LTFRB) is now eyeing to resume operations of provincial buses from Metro Manila.
LTFRB Chairman Martin Delgra said they are continuously preparing and coordinating with several local governments on the possible return of provincial buses.
However, there are still provinces that continue to ban the entry of travelers from Metro Manila. Delgra said only Antique, Quirino, and Bataan agreed to open its doors to buses coming from Metro Manila.
“Whatever the case may be, we need to closely coordinate with the LGUs concerned because at the end of every trip it is the LGU that will receive and manage passengers in their respective jurisdictions,” he said.
Meanwhile, several local officials recommended a point-to-point scheme for provincial buses. The LTFRB reiterated they will also consider the areas along the route of the buses.
“They are suggesting na parang point to point po iyong pagbi-biyahe,” Delgra said.
Provincial bus operators have been appealing to the government to allow the resumption of their operations even if its on a limited capacity. AAC (with reports from Joan Nano)
MANILA, Philippines – Nilinaw ng Joint Task Force COVID (JTF CV) Shield ngayong Martes na kailangan pa ring kumuha ng travel pass ang mga bibiyahe mula Metro Manila papuntang Tagaytay.
“Ang guidelines pa rin ng National Task Force is that kung hindi ka APOR (Authorized Person Outside Residence) at ang lakad mo ay hindi related sa work mo hindi pa rin tayo pwedeng lumiban, lalabas tayo ng probinsya,” ang pahayag ni JTF CV Shield commander Lieutenant General Guillermo Eleazar.
“’Yung galing sa Manila kapag pupunta ng Cavite, dapat po may reason ka ng pagpunta doon at kung hindi, dapat kukuha ka pa rin ng travel authority,” dagdag pa niya.
Ginawa ni Eleazar ang paglilinaw matapos buksan ng pamahalaang panlalawigan ng Cavite ang turismo sa Tagaytay.
Ang hakbang ay ipinatupad matapos ang ilang buwang pagsasara mula nang pumutok ang Bulkang Taal noong Enero ngayong taon na sinundan pa ng COVID-19 pandemic.
Iginiit rin ni Eleazar na binuksan lang ang turismo sa Tagaytay para sa mga residente sa Cavite at hindi nito saklaw ang Metro Manila.
Ang Metro Manila ay nasa ilalim ng general community quarantine (GCQ) habang ang Cavite naman ay naka-modified GCQ. – RRD (mula sa ulat ni Correspondent Joan Nano)
MANILA, Philippines – Ipinahihintulot na ng pamahalaan ang religious gatherings ng higit sa sampung tao ang dumadalo sa mga lugar na nasa ilalim ng general community quarantine (GCQ) kabilang na ang Metro Manila.
Mula September 1, pinapayagan na ang 10 per cent seating capacity sa mga pagkakatipong pang-relihiyon, ayon sa anunsyo ni Presidential Spokesperson Harry Roque.
Kinakailangan lamang ang mahigpit na pagpapatupad ng health protocols upang maiwasan ang pagkahawa sa coronavirus disease (COVID-19).
“Pinayagan na po ang 10 per cent seating capacity, sa (National Capital Region). Pinayagan na rin po sa religeous gathering na 10% hindi lamang hanggang 10 katao,” ani Roquee.
Samantala, sinabi ng Palasyo na napagkasuduan ng mga alkalde sa Metro Manila na paikliin ang curfew hours ngayong isang buwan nang iiral ang GCQ sa NCR.
Ang bagong oras ay magsisimula sa 10:00 ng gabi hanggang alas-5:00 ng umaga maliban sa mga syudad ng Muntinlupa at Navotas.
Gayundin, ipatutupad na ang mahigpit na pagsusuot ng face shield at face masks sa mga palengke at talipapa bukod sa mga pampublikong sasakyan, indoor workplaces, at commercial establishments.
Nakadepende naman sa pahintulot ng mga lokal na pamahalaan sa NCR kung papayagang magbukas ang iba pang industriya sa kanilang nasasakupan gaya ng testing at review centers; gyams at fitness centers; sports facilities; at personal aesthetic care establishments. –MNP (sa ulat ni Rosalie Coz)
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