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).
#LamudiPH 2016 Media Kick Off ?
A photo posted by Dems (@demsangeles) on
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.
Visit Lamudi Philippines on Facebook, Twitter, Google+ and LinkedIn.
Thank you Ms. Pia, Jacq and the whole Lamudi Philippines and MyProperty.PH team for having us! 🙂