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C9 Hotelwork’s Releases Philippines Branded Residences Report

Category: Real estate, Posted:25 Feb 2024 | 19:51 pm

The Philippines branded residences market is experiencing a significant maturation, impacted by urbanization and a post-pandemic shift in lifestyle changes. The market is poised for a high level of growth. C9 Hotelworks newly released Philippines Branded Residences Market Update shows a 105% increase in the pipeline, translating to an additional 5,599 units supplementing the current supply of 5,319 units. Metro Manila, accounts for 43% of the total upcoming branded residence projects, underscoring the metropolis’s draw as a center for high-end residential development.

Recent trends indicate a pivot toward smaller, more efficient unit sizes in newer projects, reflecting a nuanced approach to changing consumer preferences, and a strategy by developers to drive volume sales with entry-level products. This shift dovetails with the broader transition towards mixed-use developments that are focused on attracting buyers with branded products at premium pricing points.

Geographically, the Philippines’ branded residences market exhibits a pronounced contrast between urban and resort locations. Urban areas, led by Metro Manila, overwhelmingly favor condominiums, while much of the new incoming supply in the Visayas and Palawan is mostly resort-based as part of a hospitality operation. This highlights the varied market dynamics, with Metro Manila appealing to those seeking an urbanized lifestyle, while the resort areas offer leisure-style living and vacation homes, Both segments reflect the country’s rapidly diversifying real estate offerings.

As the Philippines’ branded residence segment in location and product type, we expect a continued inflow of global brands. These brands mirror a real estate sector that is rising in prominence on an international scale moving forward.

To read and download C9 Hotelworks Philippines Branded Residences Market Update CLICK


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