Business Monitor International


Philippines Real Estate Report

Published 10 March 2014

  • 77 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Philippines Real Estate Report

Table of Contents

BMI Industry View
7
SWOT
9
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Office
16
Table: Forecast Office Rents, 2013-2014 (PHP per m2/month)
16
Table: Office Net Yield, 2010-2017 (%)
17
Retail
17
Table: Forecast Retail Rents, 2013-2014 (PHP per m2/month)
18
Table: Retail Net Yield, 2010-2017 (%)
19
Industrial
19
Table: Forecast Industrial Rents, 2013-2014 (PHP per m2/month)
19
Table: Industrial Net Yield, 2010-2018 (%)
20
Construction And Infrastructure Forecast Scenario
21
Table: Philippines Construction And Infrastructure Industry Data, 2012-2017
21
Table: Philippines Construction And Infrastructure Long-Term Forecast, 2018 - 2023
23
Table: Factbox - Reconstruction Assistance on Yolanda (RAY) Plan, 2014 - 2017
29
Macroeconomic Forecasts
34
Economic Analysis
34
Overreliance On Electronics Continues To Recede
34
Q413 Data To Reflect Yolanda Impact, But Growth Cycle Still On Track
36
Growth Upgrades Warranted, With A Caveat
38
Expenditure Breakdown
38
Table: Philippines - Economic Activity
39
Industry Risk Reward Ratings
40
Asia - Risk/Reward Ratings
40
Table: Asia Real Estate Risk/Reward Ratings
40
Philippines - Risk/Reward Ratings
41
Rewards
41
Risks
41
Market Overview
43
Office
46
Table: Historic Rental Costs, 2012-2013 (PHP per m2/month)
46
Table: Net Yield, 2012012-2013 (%)
47
Table: Terms Of Rental Contract/Leases, 2013
47
Retail
49
Table: Historic Rental Costs, 2012-2013 (PHP per m2/month)
50
Table: Net Yield, 2012-2013 (%)
50
Table: Terms Of Rental Contract/Leases, H2013
51
Retail Sales Indicators
52
Table: Philippines Retail Sales Indicators, 2010-2017
52
Industrial
53
Table: Historic Rental Costs, 2012-2013 (PHP per m2/month)
54
Table: Net Yield, 2012-2013 (%)
55
Table: Terms Of Rental Contract/Leases, 2013
55
Competitive Landscape
56
Office
56
Retail
57
Industrial
57
Construction
58
Company Profile
59
Ayala Land
59
Filinvest Land Incorporated
62
First Balfour Inc
64
Robinsons Land Corporation
66
Demographic Forecast
69
Demographic Outlook
69
Table: The Philippines' Population By Age Group, 1990-2020 ('000)
70
Table: The Philippines' Population By Age Group, 1990-2020 (% of total)
71
Table: The Philippines' Key Population Ratios, 1990-2020
72
Table: The Philippines' Rural And Urban Population, 1990-2020
72
Methodology
73
Industry Forecast Methodology
73
Sources
74
Risk/Reward Ratings Methodology
74
Table: Real Estate Risk/Reward Ratings Indicators
76
Table: Weighting Of Indicators
77

The Philippines Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.

BMI's Philippines Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Philippines.

Key Benefits

  • Benchmark BMI's independent real estate industry forecasts for Philippines to test other views - a key input for successful budgeting and strategic business planning in the Philippine real estate market.
  • Target business opportunities and risks in Philippines through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

Executive Summary

Summary of BMI's key industry forecasts, views and trend analysis covering real estate and construction, regulatory changes, major investments and projects and significant national and multinational company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the real estate sector and within the broader political, financial, economic and business environment.

Market Overview

Overview of the real estate sector, including analysis of existing/planned real estate developments and emerging industry trends in the office, industrial and commercial sectors.

Market Analysis

Features detailed city-level data and analysis on rental prices, yields, contract terms and real estate availability with separate chapters covering the office, retail and industrial sub-sectors.

Industry Forecast Scenario

Historical data series (2010-2012) and forecasts to end-2017 for the domestic real estate industry and for the local and global finance industry. Indicators include:

Real Estate: Office, retail and industrial real estate yields for all major cities (%); short-term forecasts on minimum and maximum real estate rental prices by sub-sector (US$ per square metre, and local currency per square metre)

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%)

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$)

Business Environment Ratings

BMI's Real Estate Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (real estate vendors, construction companies and financial investors) in the regional real estate market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses.

The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc