Friday, January 18, 2019

Dec 19 18, 5:21 pm

Sri Lankan president all praises for Duterte’s drug war

Sri Lankan President Maithripala Sirisena on Wednesday, January 16, praised President Rodrigo Duterte’s war against drugs and dubbed it as “an example to the whole world”. During a state banquet as a part of Sirisena’s state visit in the Philippines, the Sri Lankan...

Man dies, mother and daughter sustain injuries in Sharjah attack

Authorities are now investigating the incident which took place in a building in Al Butina area, Sharjah which took the life of a 46-year-old Sudanese man and left a 33-year-old Indian woman and her daughter injured. A police team immediately went to the scene of the...

Filipina tourist missing in Indonesia since Christmas

A Filipina tourist has been missing in Bali, Indonesia since Christmas, the Department of Foreign Affairs (DFA) said. The Philippine Embassy in Jakarta said it has filed a missing person report for Ella Balmaceda Paaño after her family in the Philippines reported...

Demand for luxury condos in Manila remains strong

by | Feature, Finance

Citing a recent Colliers International Philippines’ latest residential report, Retalk Asia, a global real estate portal, indicated that luxury condominium demand should remain strong in Metro Manila because the city has one of the most attractive rental yields in the region owing to relatively low prices and sustained demand from affluent Filipinos, foreign investors, and offshore gambling firms.

“Manila’s luxury market is relatively small but has seen stable demand over the past few years. Projects being leased or sold to the secondary market continue to receive strong demand which entices affluent locals and foreign investors to look for similar developments in Metro Manila,” said the Retalk Asia post.

The report also noted the following Philippines residential market forecast at a glance:
• Demand: The take up for condominium units in the secondary market covering major business districts is sustained by demand from foreign and local professionals working in central business districts (CBDs). As of 1H 2018, about 30,000 units have been taken up in the pre selling sector. Colliers sees the take-up breaching the 60,000 mark in 2018.
• Supply: Colliers sees the delivery of at least 7,300 units in 2H 2018. Manila Bay, Fort Bonifacio, and Rockwell will likely account for 84% of new units in 2H 2018. Barring construction delays, Colliers expect about 8,600 units being completed annually from 2019 to 2021.
• Vacancy: Colliers sees overall vacancy rates in Metro Manila hovering between 11% and 12% by end-2018. From 2019 to 2021, Colliers see vacancy inching up to 12% to 13% per year as the completion of new units accelerates.
• Rent: From 2019 to 2021, Colliers sees a marginal rise in rents, projecting lease rates growth by 0.3% to 0.5% per annum during the three-year period as new supply from the Bay Area and Fort Bonifacio is factored in.

“Colliers report identifies that more affluent locals are seeing luxury condominiums as a viable investment option aside from the stock market. The shift in lifestyle also encourages high-end investors and end-users from posh villages to embrace condominium living,” said the report.

It’s back. The longest-running, most trusted and biggest Philippine investment event in the Middle East region, Philippine Property and Investment Exhibition (PPIE), is back. It has helped thousands of OFWs own their very own home. Be part of PPIE 2019 on April 26-27 at the JW Marriott, Deira, Dubai to reach your aspired home. Like @ppieuae on facebook to get tips and alerts on unbeatable deals.

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Birth Certificates not required for Passport Renewal – DFA

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Why is it costly to repatriate bodies abroad?

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Sri Lankan president all praises for Duterte’s drug war

Sri Lankan President Maithripala Sirisena on Wednesday, January 16, praised President Rodrigo Duterte’s war against drugs and dubbed it as “an example to the whole world”. During a state banquet as a part of Sirisena’s state visit in the Philippines, the Sri Lankan...

Hermanos win back-to-back championships

Basketball team Hermanos recently claimed two huge back-to-back victories at the Skillplus 5’9 Reinforce Category and at the UFOSA Junior Mosquito matches. Hermanos triumphed over team Secretariat for the Skillplus 5’9 Reinforce Category where Alfred Calma and Julius...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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