Global property website Lamudi Philippines threw a Media Appreciation Night at the Prohibition Lounge, Dilingers 1903!
After dinner and a couple of drinks, Lamudi Philippines Managing Director Jacqueline Van den Ende gave some welcome remarks. As a Rocket Internet company that started in 2014, she talked about their startup journey and thanked everyone for their support. A new member of the Lamudi team, Benedict Faber, was also introduced as their Chief Operating Officer (COO).
To kick off 2016, Lamudi presented their Research Report for 2015, which was discussed by Rodel Ambas, head of content. The company decided to look into their 2014-2015 data, conducted a survey, interviewed experts, and basically observed what’s happening in the Philippines real estate industry. Here are some of the key findings:
- Metro Manila is the most preferred area for property purchase. Top cities include Quezon City, Makati and Manila.
- This is followed by provinces that are home to highly populated and popular cities for homebuyers: Cebu (Cebu City, Lapu-Lapu, and Mandaue) and Cavite (Bacoor, Imus, and Dasmariñas).
- Three in four respondents still aspire to purchase their own property in the future and majority of them search for houses.
- Almost 80% of Filipino homebuyers start their property search over the Internet via real estate websites, search engines and social media.
- Quezon City is the most searched city on the Lamudi Philippines platform, followed by Makati, Paranaque, Pasig and Mandaluyong.
- Condos were the most searched among website users looking for rental properties, while houses were preferred by those looking for property for sale.
- Real estate professionals are taking advantage of using online channels to advertise their property listings.
- Ten Philippine cities now have average home price of over P10M, with Makati on the top spot at P217.3M.
- Makati and Taguig has some of the most expensive condos in Q1 2015, priced at Php139,503 per sqm (US$3,090) and Php125,031 per sqm (US$2,770) respectively.
- However, Manila is considered a bargain compared to other key cities in Asian such as Hong Kong (US$22,814), Singapore (US$15,251), Tokyo (US$10,784), Shanghai (US$6,932) and Bangkok (US$3,952) but a little more expensive than Jakarta (US$2,766) and Kuala Lumpur (US$2,616).
Access Lamudi’s 2015 White Paper for more facts and figures regarding the Philippines real estate scene.
Thank you Ms. Pia, Jacq and the whole Lamudi Philippines and MyProperty.PH team for having us! 🙂