Philippines Real Estate Market Outlook to 2020 - Driven by Rapid Growth of BPO Sector and Increased Demand of Retail and Commercial Properties : Ken Research

The report covers market size of Philippines, Cebu, Davao and Metro Manila real estate market,Cebu Real Estate Market,Davao Real Estate Market, segmentation on the basis of major provinces

Philippines Real Estate Market Outlook to 2020 - Driven by Rapid Growth of BPO Sector and Increased Demand of Retail and Commercial Properties” provides a comprehensive analysis of the real estate market in Philippines. The report covers various aspects such as market size of Philippines, Cebu, Davao and Metro Manila real estate market, segmentation on the basis of major provinces, sectors, rental and sales segmentation in residential, commercial, retail and hotel space. The report also covers the market shares of major real estate companies in Philippines as well as the revenues of major players in the Philippines real estate market.
Philippines real estate market is driven by rapid urbanization, increasing employment by the BPO sector, disposable income, surging OFW remittances and growing real estate investments. The real estate market registered revenues of USD ~ million in 2015. The increase in personal disposable income of consumers, growth in commercial and residential projects has created a demand of real estate property in Philippines. The Philippines real estate market has grown at a CAGR of ~% from USD ~ million in FY’2010 to USD ~ million in FY’2015
The Philippines real estate market has been penetrated with high investments arising from presence of both international and domestic players in the market. So far, the market has been concentrated in the terms of revenues, since more than ~% of the revenues has been accrued to major players namely Ayala Land Inc, Robinson Corporation and S.M Prime Holdings. Ayala land Inc. has been leading the market with ~% share in the overall revenues from real estate sector. Other players include Century properties, DMCI Homes, Federal Land, Property Company of Friends, Filinvest Land Inc. and others.
The market for real estate in Philippines is changing at a rapid pace. Growing remittances from overseas Filipino workers, a rapid shift from offline real estate purchase to online portals, a surging IT-BPO sector leading to a huge demand for office spaces and rapid employment generation, increasing disposable income and rising tourism is escalating the demand for all the sectors including residential, commercial, retail and hotel sector.
Market revenues from the real estate market in Philippines are expected to expand to USD ~ million in FY’2020, growing with a CAGR of ~% from FY’2015 to FY’2020.
Metro Manila Market
Metro Manila contributes the largest share in the Philippines real estate. The market for real estate in Metro Manila posted revenue of USD ~ billion in 2015 as compared to USD ~ billion in 2010. The market witnessed a CAGR of ~ during 2010-2015. Factors attributed to a significant growth in the province include high take-ups in the office sector, continuously expanding retail sector, followed by major expansion in the BPO industry.
The retail sector contributed to the highest market share in the Manila real estate market accounting for ~ % share in 2015. The sector grew at a CAGR of ~ % during 2010-2015. The demand for residential apartments is backed by increasing popularity of condominium, rising BPO sector which is leading to an increase in the number of employees, thereby leading to a rise in demand for residential space in Manila. The hotel market in Metro Manila exhibited a compounded annual growth of ~ % during 2010- 2015 on the back of rising tourism in the country.
The real estate market in Manila is expected to witness a rapid growth during the forecast period 2016-2020. The market is expected to witness a CAGR of ~% during the period owing to a tremendous growth an expansion in the retail sector followed by increasing number of residential units.
Cebu Real Estate Market
Cebu, being the second largest province in the Philippines also contributed a major chunk of revenue to the real estate industry in the Philippines. Market witnessed a rapid growth, posting revenues amounting to USD ~ billion in 2015. The market grew at a CAGR of ~% during 2010-2015, owing to surge in overseas remittances from Filipinos abroad, increasing demand for middle range and economic housing projects by OFWs. Huge investments by major real estate developers in Philippines accompanied by low interest rates have led to an increase in the construction and demand for residential units. The residential real estate sector grew at a CAGR of ~% during 2010-2015.
Davao Real Estate Market
The real estate market of Davao flourished with growing population, increasing construction activities, lower rentals as compared to Metro Manila, improvement in infrastructure and migration of people to Davao owing to rapidly growing employment opportunities in the BPO sector. Though Davao, contributes only a fraction of share in the overall Philippines real estate market, the province is certainly becoming a choice of property purchase in Philippines especially the residential property due to high urbanization. The real estate market in Davao grew at a CAGR of ~% during 2010-2015, posting revenue of USD ~ million in 2015.
Key Topics Covered in the Report:
• The market size of the Philippines Real Estate market
• The market size of the Metro Manila Real Estate Market
• The market size of the Metro Cebu Real Estate Market
• The market size of Davao Real Estate Market
• Market segmentation of Manila Real Estate Market by Residential, Commercial, Retail and Hotel Sector and on the basis of Rental and Real Estate Sales market.
• Market segmentation of Davao Real Estate Market by Residential, Commercial, Retail and Hotel Sector and on the basis of Rental and Real Estate Sales market.
• Market segmentation of Cebu Real Estate Market by Residential, Commercial, Retail and Hotel Sector and on the basis of Rental and Real Estate Sales market.
• Trends and Development in the Philippines Real Estate market
• Role of government in Philippines Real Estate market
• Market Share of major players in the Philippines Real Estate market
• Competitive landscape of the major players in the Philippines Real Estate Market
• Snapshot of Online Real Estate market in Philippines
• Philippines Real Estate Brokerage Market
• Philippines Real Estate Financing Market
• Future Outlook and Projections of Philippines Real Estate Market
• Macro Economic Variables affecting the Philippines Real Estate market

Source : https://www.kenresearch.com/manufacturing-and-construction/real-estate/philippines-real-estate-market-research-report/29319-97.html
Related Reports:
Middle East Real Estate Market Outlook to 2019 - Demand for Destination Retail and Affordable Housing to Shape Future
Indonesia Real Estate Market Outlook to 2018 - Expected Burst in Demand Influenced by Bubble Fears
India Facility Management Market Outlook to 2020 - Driven by Rapid Growth of Commercial Spaces and Advent of Smart Cities
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249


Contact Details

Company Name: Ken Research
Issued By: Ankur Gupta
Phone: +91-9015378249
Address: 27A, Tower B-2, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
City: Gurgaon
State: Haryana
Zip: 122001
Country: India
Website: Visit the website

Keywords : Philippines Retail Market, Residential Housing Philippines,

by Ankur Gupta (few years ago!)

Latest Press Releases

The Mad Hatter Now Offer a Full Line of Hearth Products and Full Line of Grills

Diabetes Insulin Delivery Pens Market Research Report 2018

Dr Kapadia Provides Tips to Patients Interested in Hair Transplant Procedures

love vashikaran specialist

Solar Blanket Sales Market Report 2018

Spring Bottled Water Market Insights, Forecast to 2025

Biochemical Incubator Sales Market Report 2018

Quinine Sulphate Sales Market Report 2018

Automotive Chassisc System Market Insights, Forecast to 2025

2,6-Dicarboxypyridine market size in key regions like North America, Europe, Asia Pacific an..

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.