The interview with Joey Bondoc, Research Director of Colliers, discusses oversupply in Metro Manila's condominium market, redevelopment opportunities in Makati, and emerging real estate hotspots like New Clark City and leisure-themed developments outside the capital.
00:00 - Introduction
The interview begins with an introduction to Joey Bondo, the Research Director of Colliers, who shares his insights on the current state of the real estate market in the Philippines.
01:00 - Overview of Metro Manila's Condominium Market
Joey discusses the oversupply in the condominium market in Metro Manila, detailing its effects on pricing and demand. He emphasizes the necessity of flexible payment options to stimulate buyer interest in a challenging market.
04:00 - Redevelopment Opportunities in Makati
The conversation shifts to Makati, where Joey highlights the potential for redevelopment of older properties. He discusses the implications of rising land values and the opportunities this creates for investors.
07:00 - Emerging Real Estate Hotspots
Joey outlines emerging real estate hotspots beyond Metro Manila, specifically mentioning New Clark City. He explains how infrastructure developments and government initiatives are attracting investments.
10:00 - Impact of Foreign Hotel Brands
The discussion transitions to the hospitality sector, focusing on the anticipated entry of foreign hotel brands like Four Seasons. Joey elaborates on how these brands are expected to influence the local market and enhance tourism.
12:00 - Leisure-Themed Developments
Joey highlights the growing trend of leisure-themed residential developments near golf courses, discussing rising real estate prices and their potential as future investment hotspots.
13:00 - Conclusion
The interview wraps up with Joey summarizing key takeaways and offering advice for investors navigating the evolving real estate landscape in the Philippines.
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