KMC MAG Group releases Real Estate Market Report Philippines for Q3 2011

Philippine real estate firm, KMC MAG Group has released its real estate market report Philippines or the real estate market research Manila for the Q3 of 2011.

The report contains summaries of the trends in commercial and residential real estate, as well as an office market overview in Metro Manila .

According to the report, the trend for the Q3 of 2011 are that rental rates of commercial spaces rose due to the increasing demand and low vacancy rates while the demand for residentials spaces surpassed the supply in the luxury residential market due to investments of the OFW and expat community. Also, the continuous construction of residential real estates has increased the overall vacancy rate in Metro Manila.

Real Estate Growth to increase through Tourism

In the recent 20th National Convention of CREBA or Chamber of Real Estate and Builders Association, leaders have pointed the significance of Real Estate and Tourism in Philippines’ economic growth. 

The Philippines Vice-President and the Chairman of the Housing and Urban Development Coordinating Council Jejomar Binay, one of the first speakers in the convention, told that tourism is helping the real estate industry since late 2004. The demand for residential condominiums and resort-style houses, resorts, wellness centers, and retirement villages has increased.

by: Jason dela Torre

Foreign and local companies setting up business operations in Makati City have a large number of full-serviced offices to choose from. Makati, widely regarded as the financial capital of the Philippines, is a thriving Central Business District (CBD) and one of the larger, and more industrialized cities in the Metro-Manila area. Serviced offices are a widely demanded convenience for many start-up companies doing business in the Philippines. These fully-furnished offices are equipped with everything than an offices needs to run smoothly, and they are equipped by a separate facility management company.The management company is responsible for purchasing individual desks, offices, and operating equipment, then renting these items out to client companies. Often referred to as executive suites, managed offices, business centers, or executive centers, these serviced offices are fully-equipped to include plug and play options, prominent business addresses as well as flexible short-term contracts.

KMC Solutions Opens Serviced Offices in Fort Bonifacio

KMC Solutions, a sister company of Makati-based real estate brokerage firm, KMC MAG Group, recently opened a 1,050 square meter business center in Fort Bonifacio, Metro-Manila. This business center was specifically created to cater to the unique needs of Philippine companies looking to avail of seat rentals and serviced offices in major Metro-Manila business districts. KMC’s business center also targets foreign-based multinational companies setting up business operations in Fort Bonifacio, Taguig City. The office complex, located at the 20th floor of the Picadilly Star Building in 4th Avenue corner 27th street, Bonifacio Global City, boasts affordable rental rates and exclusive amenities, including Internet-enabled workstations, VOIP PBX for local and international calls, high-tech security systems, on-site technical support and complimentary beverages, among others.

Office Space Solutions: Serviced Offices in Makati and Manila, Philippines

Serviced offices offer a much needed convenience to foreign and local companies setting up business in the Philippines. These offices usually come fully-furnished, and are equipped by a separate facility management company. The managing company purchases the individual desks, office space, and operating equipment, then rents them out to client companies. Also referred to as executive suites, managed offices, business centers, or executive centers, serviced offices boast a large number of benefits, including plug and play options, prominent business adresses, and flexible short term contracts. These types of offices often have more flexible rental terms, compared to conventional leased office space, which are subject to more restrictive leases. Additional office space is easily allocated within short notice, making it more convenient for client companies in general, should a particular business change in size. Serviced offices are also more cost-effective, owing to the fact that client companies do not require to set aside capital for start-up costs and solicitor’s fees.