Smart Real Estate Investments Amidst The Pandemic

Most people from around the world have been locked down for a very long time or are still on lockdown inside their house or apartment. This pandemic isn’t just changing the way we feel about our homes but it has a huge impact on property markets around the world, as well.

It is fairly clear that with business failures, job uncertainty, massive unemployment, and wage cuts, many people will be cautious about making investments amidst the recent outbreak and the recession.

In most historic recessions, financial experts prove that the property market has either remained largely resilient or was only impacted across certain real estate sectors. But once cities and states reopen, that would be a reasonable time to think about buying a real estate property.

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Doña Elena Tower Adds Life to Manila’s Thriving Property Market

The City of Manila has definitely had a resurgence under the leadership of Mayor Francisco “Isko Moreno” Domagoso. When Mayor Isko removed unlawful obstructions and cleared illegal vendors off of Manila’s streets and sidewalks, he effectively changed how the city looked and how it moved. By cleaning up the city and bringing order to chaos, the determined mayor gave the City of Manila a fresh new feel that continues to inspire business confidence and draw consumer interest. And this hasn’t changed despite the COVID pandemic.

According to Lobien Realty Group (LRG), the City of Manila has a total of 99,874.29 square meters (sqm) of gross leasable office space and only 5,650.63 square meters (sqm) are currently vacant. LRG pointed out that this translates to a single digit vacancy rate of 6%, which is very low and signifies that in Manila, there is demand for office spaces and what is supplied in the market is being taken up.

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