Category Archives: Real Estate

Enjoy Festivals in the Philippines

Happy Filipinos always find a reason to celebrate. MyProperty.ph lists down upcoming festivities around the country that can help you plan your next vacation destination

Pahiyas Festival, Quezon - Photo Courtesy of Kuhreizy - Own work, CC BY-SA 4.0 WikiMedia Commons

Pahiyas Festival, Quezon – Photo Courtesy of Kuhreizy – Own work, CC BY-SA 4.0 WikiMedia Commons

To truly experience the Philippines, you should see and partake in traditional festivities that almost every province in the country is proud of. Philippine festivals are perhaps the most effective way to be familiar with the country’s rich and colorful history.

Summer is the best time to make your travel itineraries and experience the Philippines. To help you add an authentic and unique cultural feel to your next getaway, MyProperty comes up with a list of entertaining festivals you can explore. Witness streets come alive with exciting dance and vibrant activities filled with locals and tourists all hyped up to participate in the fun.

Fruit Festivals in March

The tropical country of the Philippines boasts fresh and mouth-watering fruit that are abundantly offered in various provinces; thus, each town celebrates the harvest through fiestas dedicated for the corresponding fruit that a place is known for. For instance, the festivities for the Strawberry Festival of La Trinidad, Benguet, started last March of 2017 and will run until April. Likewise, the world-renowned sweet mangoes of Zambales also have a festival under its name. Held every April in time for the bumper mango harvest, the Mango Festival is surely an exciting feast that attracts mango-lovers as well as tourists who enjoy the exciting tourist spots in Zambales.

Both the Strawberry and Mango Festivals feature street parades, float competition, and trade events where you can sample the best products made from these succulent fruit.

Bangus Festival in April

Celebrated yearly every April in Dagupan City, Pangasinan, is the Bangus (milkfish) Festival meant to honor the bountiful harvest of the province. Pangasinan, the milkfish capital of the Philippines, started a tradition of lighting hundreds of barbeque grills for locals and tourists to sample and savor the delicious bangus. The grills stretch more than a kilometer long, highlighting the importance of the festival to the natives of the province. The grill parade also features a cooking contest, eating competition, dance performances, and street parties. The longest barbeque of culinary experts even earned a spot in the Guinness Book of World Records.

Sarangani Bay Festival in May

The Sarangani Bay Festival, also known as Sarbay Festival, is an annual event that unites both locals and tourists alike in a two-day fun fair. Scheduled every third week of May, this festival celebrated in Sarangani Province is one of the most popular beach events in the Philippines’ southern island of Mindanao. The event caters to all party-goers as it offers a mixture of activities for all. They have extreme outdoor sports for adrenaline junkies or bay parties for fun-seekers. A Filipino festival will never be complete without a gastronomic feast and Sarangani Bay Festival offers one of the best. The fresh produce of Sarangani is surely an exciting reason to visit and taste the best flavors.

More than being a lively fiesta, you can also contribute to the community through conservation efforts that happen alongside the festivities, such as mangroves planting. Enjoying pristine beaches while taking care of nature is beyond doubt an excellent way to spend your free time.

Pasalamat Festival in May

As a way of thanksgiving to a generous harvest, the Pasalamat Festival is held every First of May or the closest Sunday to the date in La Carlota City in Negros Occidental. The festival highlights a gathering of participants at the base of Mount Kanlaon where cultural traditions to thank the gods of fertility of the mountain are celebrated. Colorful costumes and masks, as well as street music and dances plus delicious local fares, can also be enjoyed in this fiesta.

Pahiyas Festival in May

The Pahiyas Festival in Lucban, Quezon, is one of the most popular festivals in the Philippines, thanks to the very colorful and elaborate decorations that adorn the houses of this quiet town every May 15. The decorations, which are known as kiping, are leaf-shaped rice wafers and are arranged in elaborate patterns forming large flowers or colorful chandeliers.

Celebrated to honor the patron saint of farmers, San Isidro Labrador, the feast is also the town’s way to thank a great harvest. Pahiyas Festival is also must-attend event especially by food lovers as authentic and delectable dishes are prepared by every household. Hundreds of stalls and merchants of locally produced items, such as the town’s famous longganisang lukban and pansit habhab, are also available for all attendees who are looking for unique souvenirs. Known as one of the most colorful events in the Philippines, Pahiyas Festival is certainly an amazing blend of culture, food, and lifestyle in one exciting affair.

ABOUT LAMUDI

Lamudi is a leading global property portal focusing exclusively on emerging markets. It offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. Lamudi was established in 2013 in Berlin, Germany, and it is currently available in Asia (the Philippines, Bangladesh, Indonesia, Myanmar, Pakistan, and Sri Lanka), Latin America (Mexico, Colombia, and Peru), and the Middle East (Jordan, Qatar, Saudi Arabia, and the United Arab Emirates). Within fewer than three years, Lamudi has established its presence as a key online real estate marketplace in the countries where it is operating. For more information, visit Lamudi Philippines on Facebook, Twitter, Google+, LinkedIn, and Instagram.

ABOUT MYPROPERTY

Established in September 2010, MyProperty.ph is one of the leading Philippine real estate online and print brand that brings property buyers and sellers together. The website’s main offerings are listings of pre-selling properties and properties for sale and for rent. Both website and magazine also provide relevant and updated industry news and information for its clients and consumers. And with the release of its mobile version, finding or selling a home is made even easier. For more information, visit MyProperty on Facebook, Twitter, Google+, and Instagram.

Looking for Foreclosed Properties to Purchase?

Lamudi Data Shows Where Buyers Can Find Foreclosed Properties

Global real estate portal Lamudi Philippines studied its data on foreclosed houses

In case homebuyers are wondering where they can get affordable houses, cities in Bulacan, Laguna, and Rizal right on the fringes of Metro Manila offer them the most viable options, as these areas are teeming with foreclosed properties, according to data from global real estate website Lamudi Philippines.

In its latest data analysis, Lamudi found that the cities of San Jose Del Monte (Bulacan), Dasmariñas (Cavite), San Mateo (Rizal), Bacoor (Cavite), and Santa Rosa (Laguna) have the most number of listed foreclosed houses in the website. These are followed by Antipolo (Rizal), Imus (Cavite), Caloocan (Metro Manila), San Pedro (Laguna), and Quezon City (Metro Manila). Caloocan and Quezon City are the lone Metro Manila cities that made it the top 10. Together, these cities comprise 51 percent of all foreclosed houses listed in the Lamudi website.

In terms of prices, San Jose Del Monte offers the most affordable foreclosed houses among the top 10 cities. Foreclosed houses in this Bulacan city average Php336,000. Quezon City, meanwhile, offer much pricier foreclosed houses, averaging Php5.33 million.

CITY AVE. PRICE NO. OF LISTINGS
San Jose del Monte P336,000 1,046
Dasmariñas P686,000 635
San Mateo P503,000 487
Bacoor P1.67 million 320
Santa Rosa P1.08 million 253
Antipolo P2.45 million 225
Imus P1.40 million 221
Caloocan P1.54 million 171
San Pedro P1.49 million 147
Quezon City P5.33 million 145

Average prices of foreclosed houses listed on Lamudi Philippines. Data as of March 31, 2016.

Onsite Search

In terms of onsite search volume, Quezon City is the most-searched city for foreclosed properties in the Lamudi website from January 1 to March 31, 2016.

More than 6 percent of all searches for foreclosed properties conducted during the period involved Metro Manila’s largest city. Quezon City is followed by the cities of Las Piñas, Parañaque, and San Jose del Monte, the provinces of Benguet and Laguna, and then by Caloocan. Together, these areas captured almost 20 percent of total search volume for foreclosed properties in the Lamudi website.

Filipinos’ interest for foreclosed properties has also been increasing every quarter, at least according to Lamudi data.

The property website showed that search volume for foreclosed properties increased 5 percent from Q2 2015 to Q3 2015; 9 percent from Q3 2015 to Q4 2015; and a remarkable 75 percent from Q4 2015 to Q1 2016.

On the other hand, the proportion of searches attributed to foreclosed properties in relation to total searches made has also been increasing every quarter: 1.42 percent in Q2 2015; 1.68 percent in Q3 2015; 2.15 percent in Q4 2015; and 2.34 percent in Q1 2016.

Filipinos Still Uneducated About Foreclosures

However, foreclosed properties may not be on most people’s game plan when buying their first property. Perhaps because of pity or because they feel they are taking advantage of others’ misfortune, Filipino homebuyers may hesitate to buy foreclosed houses.

But this should not be the case. According to Ramil Arquileta, CEO of My Saving Grace Realty and Development Corp., a firm that specializes in foreclosed properties, foreclosed properties offer homebuyers that best affordable option in order for them to finally afford a home.

There are several advantages of buying foreclosed homes, according to Arquileta. “For one, the buyer can use regular housing loan or mortgage financing to acquire the property.”

In addition, the property will also be sold for the outstanding mortgage balance owed by the previous owner to the foreclosing mortgage holder. This means the property will be sold at a much lower price. Most importantly, as properties that became foreclosed are under the name of the foreclosing bank or mortgage holder, the titles will be clear, eliminating the risk for homebuyers to get scammed.

However, Arquileta advises would-be buyers of foreclosed properties to buy only from banks and their accredited brokers/brokerages to minimize the risk of ending up with a problematic property.

But Filipinos’ attitude toward foreclosures looks to be changing gradually, as shown by Lamudi’s data. As more and more banks and financial institutions are exploring online tools to market these non-performing assets, Filipinos will find it easier to discover and inquire about foreclosed properties. At least three major banks are now working with Lamudi to effectively market their acquired assets. As of this writing, there are almost 19,500 foreclosed properties listed on Lamudi, ranging from houses and condos to parking spaces and residential lots.

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ABOUT LAMUDI

Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 34 countries in Asia, the Middle East, Africa and Latin America, with more than 800,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. For more information, please visit http://www.lamudi.com.ph

Visit Lamudi Philippines on Facebook, Twitter, Google+ and LinkedIn.

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Megaworld and Lamudi Philippines Reach Out to Market Online

Property giant aims to further strengthen online presence for the millennials

Megaworld Partners with Lamudi

Megaworld Partners with Lamudi to reach out to millennials

The way to go these days is online.

That’s why for the real estate industry, easy and real-time viewing of the property is the fast-emerging trend, especially if your market is accessing your business online or through mobile.

And here’s an interesting fact I gathered: 25-year-olds are already buying properties. In fact, they consider buying a property as more important than buying cars. Where was I when i was 25? Ha ha!

Realizing the importance of the digital evolution, real estate giant Megaworld partnered with online property portal Lamudi Philippines to strengthen its online campaign for San Antonio Residence, a new Makati project that eyes tech-savvy millennials as a primary market.

“San Antonio Residence is Megaworld’s 20th residential masterwork in the Makati central business district designed as the ideal home for millennials. Its location and amenities complement the fast-paced lifestyle of the millennials, enabling them to make the most of their time, whether it’s moving up the career ladder or being with their loved ones,” says Eugene Em Lozano, Vice President for Sales and Marketing for Makati CBD, Megaworld.

Taking advantage of Lamudi’s premier listings, recently upgraded mobile app and expert market data, Megaworld will up the game in real estate online advertising. “Now that digital is the way to go in real estate, we believe that Lamudi’s online expertise can help us reach our target market,” adds Lozano.

Lamudi Philippines, together with MyProperty.ph (which the former acquired in 2015), is now the dominant real estate listings portal in the Philippines. And in effort to make itself the go-to place for everything related to real estate, the company also released its Real Estate Market Report for 2015.

“Our website’s large amount of page-views and visits are indicative of how much more potential buyers and renters look online to explore their increased real estate options. With this in mind, we tailored our products and services to the needs of our clients. For Megaworld Makati, our online marketing campaigns fit their carefully designed project meant to cater the modern lifestyle of young Pinoys,” says Jacqueline van den Ende, Managing Director of both Lamudi Philippines and MyProperty.ph.

Here are some stats presented during the media event set for this partnership at the Newport Ultra Cinemas (And oh, we got to watch Batman v Superman, too!).

Megaworld+LamudiPH - yolo

Yeah, YOLO, so why not invest wisely!

Megaworld+LamudiPH & the millennials

Millennials may be glued to their gadgets, but did you know they are now investing, too? A pleasant surprise!

Megaworld+LamudiPH & the mobile market

The mobile market in the Philippines is significantly growing.

Megaworld+LamudiPH & the mobile market 2

People are spending time online on the average, 5.2 hours.

Megaworld+LamudiPH

Millennials are doing transactions in their mobile phones.

Scheduled to be completed in 2020, San Antonio Residence is equipped with exciting amenities such as the very first B.O.N.D. (Begin, Open, Nurture, Discover) area, a Street Fitness Park and a two-story mall. This residential condo project is also conveniently located along Sen. Gil Puyat Ave., a stone’s throw away from all landmarks of the Makati CBD.

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ABOUT LAMUDI
Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 34 countries in Asia, the Middle East, Africa and Latin America, with more than 800,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. For more information, please visit http://www.lamudi.com.ph

Visit Lamudi Philippines on Facebook, Twitter, Google+ and LinkedIn

ABOUT MEGAWORLD
Megaworld is the Philippines’ largest and pioneer developer of integrated urban townships that provide an efficient mix of residential, office, commercial and institutional developments to create the LIVE-WORK-PLAY lifestyle communities. Aside from being the top builder of residential condominiums, it is also the largest developer and lessor of office spaces in the country today. The company is also a master-developer of themed lifestyle malls and commercial centers, most of them have been regarded as tourism hotspots, in its various townships across the country. For 26 years, Megaworld had already launched 20 integrated urban townships in the Philippines with a secured total land bank of 4,000 hectares across the country. To date, Megaworld has unprecedented track record of completing more than 350 residential buildings, office towers, malls, commercial centers, and hotels across the Philippines. For more information, visit http://www.megaworldcorp.com/.

10 Fast Facts about EDSA

EDSA - Guadalupe, Makati Circa 1980sEDSA – Guadalupe, Makati Circa 1980s

EDSA - Ortigas Circa 1985s

EDSA – Ortigas Avenue Circa 1985s

I first knew of EDSA looking like these.  In fact, I could still remember crossing the avenue by foot from Gate 5 Camp Crame to the other side when I would be going to Greenhills.

But EDSA now looks very different.

The Epifanio de los Santos Avenue, or EDSA, never fails to elicit a groan from drivers and commuters who have to traverse it every day.

But before it became the bane of Filipino motorists’ existence, the road was best known for being part of one of the most significant parts of our history. In 1986, EDSA literally and figuratively became the way to freedom when over two million civilians, politicians, and religious figures stormed the highway in a peaceful protest of the Marcos regime, and proved what a unified nation can do.

In honor of the upcoming 30th anniversary of the People Power Revolution, MyProperty.ph offers 10 quick facts about the historic main thoroughfare of Metro Manila.

  1. From end-to-end, EDSA is around 23.8 kilometers. That’s roughly the length of 1,561 professional basketball courts, or 14,691 Filipino males (who are said to be 162 centimeters tall on average) who play in them.
  2. EDSA passes through six cities of Metro Manila: 11 kilometers of the road is within Quezon City, and the rest is divided among Caloocan, San Juan, Mandaluyong, Makati, and Pasay.
  3. EDSA has gone through many name changes over the years. It started out as the “North-South Circumferential Road” during its construction back in the 1930s. After the country’s independence in 1946 from the Japanese occupation, EDSA was briefly named “Avenida 19 de Junio” or June 19 Avenue, the birth date of national hero José Rizal. Another former name was “Highway 54,” due to the misconception that the avenue is 54 kilometers in length. It wasn’t until 1959 that Republic Act 2140 was passed declaring it the Epifanio de los Santos Avenue after the Rizaleño historian, jurist, and scholar.
  4. In its conception, EDSA’s northernmost point was only supposed to be the Balintawak terminus and the southernmost end the South Luzon Expressway. But in 1965, the northern tip was extended to the Apolonio Samson Road, and the southern part to Roxas Boulevard until 2006, when it was further extended to the SM Mall of Asia.
  5. EDSA touches three of the country’s busiest financial and business hubs: the Makati Central Business District, Ortigas Center, and Araneta Center.
  6. There is currently a petition pending in the House of Representatives to rename EDSA “Corazon Aquino Avenue” in honor of the late president, who led the 1986 revolution.
  7. Since the People Power Revolution, EDSA has been the site of many other protests against succeeding administrations. EDSA II was a four-day rally in January 2001 that successfully ousted former president Joseph Estrada. In 2006, various groups picketed along EDSA to protest then-president Gloria Macapagal-Arroyo’s declaration of a State of Emergency. During the 29th anniversary of the first People Power Revolution, a demonstration was staged at EDSA Shrine against current president Benigno Aquino III and the supposed inadequacies of the government.
  8. In a 2013 piece by columnist Botchi Santos for the Philippine Daily Inquirer (PDI), he revealed that over 360,000 vehicles use EDSA every day. An unfortunate number, because according to PDI’s Rene S. Santiago, under ideal conditions, EDSA should have a capacity of only 200,000 vehicles a day.
  9. Speed limits are implemented along EDSA: 40 kph for cars and motorcycles, and 30 kph for trucks and buses. But due to the number of vehicles traversing the thoroughfare, traffic moves at an average speed of 15 kph.
  10. There are at least 10 condominiums built right along EDSA, including DMCI’s Zinnia Towers and New San Jose Builders, Inc.’s Victoria Sports Tower in Quezon City; Avida Towers Centera in Mandaluyong; Empire East’s San Lorenzo Place in Makati; and SMDC’s Shell Residences in Pasay.

myproperty.ph

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8 Affordable Condos Within 30 Minutes of a Business District

City living doesn’t always mean expensive, and affordable doesn’t always mean low quality, as evidenced by the best affordable condos in Metro Manila

Condominium living is prevalent in highly urbanized places like Metro Manila, and just like the high cost of living associated with big cities, prices of condominium units also tend to be significantly high.

This should not deter home seekers from choosing to live in Metro Manila. There are many affordable options in the current market that do well to meet big city living needs. These condos are even within the area where major business centers are, so commuting to and from work won’t be a problem for future owners.

Let me share with you a list of options to choose from.

East Raya Gardens, DMCI

1. East Raya Gardens
Developer: DMCI Homes
Location: Pasig
Price: Php3–5 million
Distance from Ortigas Center: 19 minutes without traffic via Mercedes Ave. (based on Google Maps estimates)

Located along Mercedes Avenue in Pasig, this 2.9-hectare residential enclave is by DMCI Homes, and in keeping with the developer’s no-frills, distinctive style, it also features a Balinese-inspired design. It is composed of eight medium-rise buildings complemented with 500 square meters of lush Balinese gardens and water features for a relaxing environment. Prices for units range from Php3 to Php5 million, with Lamudi currently having 96-sqm, three-bedroom unit currently listed for Php4,255,800.

Verawood Residences, DMCI

2. Verawood Residences
Developer: DMCI Homes
Location: Acacia Estates, Taguig
Price: Php3.5–9 million
Distance from Bonifacio Global City: 26 minutes without traffic via Bayani Road or C5 Road

Another resort-style development by DMCI Homes, Acacia Estates is a massive residential community at 150 hectares. Unit prices at its Verawood Residences section—a two-tower, medium rise condo estate—range from as low as Php2.9 million for a two-bedroom inner unit to Php5.1 million for a newly turned over three-bedroom unit.

Amaia Skies Cubao, Amaia Land3. Amaia Skies Cubao
Developer: Amaia Land
Location: EDSA corner Tuazon Ave., Cubao, Quezon City
Price: Php1.4–2.9 million
Distance from Ortigas Center: 22 minutes without traffic via EDSA

Situated in Cubao and just a stone’s throw away from the Araneta Station of MRT-3 and Cubao Station of LRT-2, Amaia Skies can be considered one of Metro Manila’s transport-oriented condos. This three-tower development, aimed at young professionals, offers units ranging from 18 to 34 sqm, with prices from Php1.4 to Php2.9 million.

Cambridge Village Pasig, Empire East

4. Cambridge Village
Developer: Empire East
Location: Pasig-Cainta
Price: Php1.3 million for a 30-sqm unit
Distance from Ortigas Center: 23 minutes without traffic via East Bank Road and Ortigas Avenue

A project by Empire East, Cambridge Village in Cainta, Rizal, is quite close to Pasig and Ortigas Center and can be considered one of Metro Manila’s best-known affordable condos. It features a number of amenities to residents’ convenience, such as retail spaces, swimming pools, and a clubhouse with an 81-seater mini-theater, among others. A typical one-bedroom, 30-sqm unit here is currently listed in Lamudi for Php1.3 million.

The Columns, Alveo Land

5. The Columns at Legaspi Village
Developer: Alveo Land
Location: Legaspi Village, Makati
Price: Starts at Php3.8 million
Situated inside the Makati CBD

Situated in one of Makati’s most prominent sections, The Columns Legaspi Village is well worth a buyer’s investment based on the location alone. A project by Alveo Land and patterned off of their highly successful The Columns Ayala Avenue, the two-tower condominium provides residences close proximity to all the key the locations in the city, including Ayala Avenue, the city’s numerous commercial centers, and the Makati Medical Center, among others. Unit prices start from as little as Php3.8 million for a 36-sqm studio unit.

Bonifacio Heights, DMCI

6. Bonifacio Heights
Developer: DMCI Homes
Location: Taguig
Price: Php5.4 million for a two-bedroom unit
Distance from Bonifacio Global City: 7 minutes without traffic via Lawton Avenue

Judging from its location alone, buyers will get their money’s worth in Bonifacio Heights due to its proximity to McKinley Hill, McKinley West, and Bonifacio Global City. This medium-rise condo estate by DMCI Homes has 17 mid-rise buildings, and offers one-, two-, and three-bedroom units. A two-bedroom unit is listed in Lamudi for Php5.4 million.

Amaia Steps bicutan, Amaia Land

7. Amaia Steps Bicutan
Developer: Amaia Land
Location: West Service Road, Brgy. Sun Valley, Paranaque
Price: Php1.5–2.9 million
Distance from Makati CBD: 18 minutes without traffic via the Skyway

Its first tower to be completed early this year, Amaia Steps Bicutan, situated along the West Service Road (close to SM City Bicutan) offers units ranging from 22 to 44 sqm priced from Php1.5 to 2.9 million. This property is also quite accessible from the airport.

Tribeca Private Residences, Landco

8. TRIbeca Private Residences
Developer: Landco
Location: East Service Road, Sucat, Muntinlupa
Price: Php2.8–3.6 million
Distance from Makati CBD: 22 minutes without traffic via the Skyway
Distance from Filinvest Alabang: 13 minutes without traffic via the West Service Road

Landco’s resort-themed condo project in Muntinlupa, TRIbeca’s main appeal is its easy access from the Skyway and the South Luzon Expressway, which makes travel to either the Makati CBD and Filinvest Alabang a breeze. It is comprised of three towers, offering modestly sized one- and two-bedroom units, which are ideal for starting families and young professionals. Two TRIbeca properties are currently listed in Lamudi for Php2.8 million (27 sqm) and Php3.6 million (38 sqm).

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