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View Poll Results: I prefer...
Jakarta 50 43.48%
Manila 65 56.52%
Voters: 115. You may not vote on this poll

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Old 06-27-2014, 08:47 AM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40

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Quote:
Originally Posted by kent_moore View Post
How about for residential properties? Here are the promising cities:

Manila (1st) - Manila emerging as this year’s top investment pick.

“Of all the markets, that’s the one where people are looking to get in most,” Galloway said. “It’s easy to function there on a cultural basis. The levels of corruption are not as high as they once were. It’s has an English-speaking, educated workforce, and there is new interest in the Philippines from multinational companies looking to set up back-office facilities there, which drives demand from expatriates.”

Jakarta (3rd) - “It’s a bit of a mystery, really,” Galloway said, admitting that when Indonesia topped ULI’s 2013 list of investment picks, “we thought it was a fluke.” But when 2014’s results were tabulated, there again was Jakarta sitting at No. 3, behind only Manila and Tokyo.

“Indonesia is ‘difficult to operate in for lots of reasons … It has immense potential, as far as the whole outline of land development is concerned, but the problem that prevents us from going in is that of getting a clean land title.’ Beyond that, there is little incentive for local developers to partner with foreigners,” Galloway wrote, quoting one of more than 50 developers and investors he personally interviewed.

Bangkok (5th) – Survey respondents listed the Thai capital among their favorites more frequently this year, but experts remain guarded. The report classifies Bangkok as a “relatively less-competitive, higher-return market than Asia’s more-conventional destinations,” but cites risks in finding quality buys. Prices and rents have been rising and vacancy rates falling, however, so there’s upside in buying from an investment stance.

Ho Chi Minh City (10th) – Clobbered by two years of soaring inflation and bad loans, Vietnam’s largest city likely has hit bottom and investors say now is the time to get back into the property market there. “Residential real estate is a more-attractive investment than before,” the report states. Interest rates and gold prices are down and, a despite a severe shortage of quality stock, the pool is expected to increase 50 percent by 2121.

Kuala Lumpur (15th) – Investors and developers dealt Malaysia the biggest hit in this year’s survey due largely to a huge glut of supply. “While there is now less supply in the pipeline, there has been a speculative element to recent construction activity, especially in high-end residential projects. As one fund manager said, “last time I went to Kuala Lumpur, you see those residential buildings, empty blocks after blocks.”

- See more at: Manila, Jakarta top for residential property in 2014 | Property Report | Luxury real estate, architecture and design
Yes i could speak to that about Manila. White expatriates in particular here are growing that fast. They spearhead those BPO offices etc. That's why no wonder US branded cafes, bars, etc. now are almost everywhere here. TGIF, NBA Cafe, Krispy Kreme, Hooters, even In and Out Burgers of US had tried a dry run here, etc. Even hollywood celebrities do business here, Robert de Niro and Paris Hilton recently open their hotels in Manila.

 
Old 06-27-2014, 08:54 AM
 
Location: Jakarta, Indonesia
1,022 posts, read 3,144,521 times
Reputation: 219
Quote:
Originally Posted by OyCrumbler View Post
Stadiums, luxury cars, first class trains. Meanwhile, Manila is still saddled with the most shambolic slums of southeast Asia. Wonderful.
Unfortunately this is an issue for most developing country, even the more developed Bangkok has slums (though significant numbers of its inhabitant are migrants rather than the Thais themself). Glitering shopping malls with supercars parked while not far from it is slums, tragic sight indeed as capitalism brought greater wealth gap. Unless the government do something about the increasing gap, there's no helping it.

Quote:
Originally Posted by Coach Rajko View Post
Yes i could speak to that about Manila. White expatriates in particular here are growing that fast. They spearhead those BPO offices etc. That's why no wonder US branded cafes, bars, etc. now are almost everywhere here. TGIF, NBA Cafe, Krispy Kreme, Hooters, even In and Out Burgers of US had tried a dry run here, etc. Even hollywood celebrities do business here, Robert de Niro and Paris Hilton recently open their hotels in Manila.
Not something new, lots of those restaurant are common in Southeast Asian major cities, we even have Maison Ladurée macaroon shop, PAUL restaurant and Gallerie Lafayete opening their department store last year here.
 
Old 06-27-2014, 08:55 AM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
Quote:
Originally Posted by Goshio22 View Post
Hmm jakarta tops the world's luxury property growth currently and also generates more gdp than manila.



Shanghai isn't on the list? or is it because its already considered a leader?
It says LOW to MIDDLE income if you are referring to the data. no luxury for the rich mentioned.
 
Old 06-27-2014, 08:58 AM
 
Location: Phoenix
1,019 posts, read 895,432 times
Reputation: 736
Quote:
Originally Posted by Coach Rajko View Post
I want to see which areas are covered instead. it seems that its on the quantitative basis. Value is more important. Let's say most number of occupied spaces in those CBDs areas or offices etc.. things like that rather that those low value areas as i refer to quantity.

though still good data i say.
In Manila, most hotels are mainly in NCR's landmarks such as Makati, Ortigas, Quezon City, BGC, Alabang, Manila City, Manila Bay and Mandaluyong, and in also nearby cities like Clark and Tagaytay.

Some of the under construction hotels in Manila

Conrad Hotel
Movenpick Hotel
Sheraton Manila
Hilton Hotel and Resorts
Marco Polo Hotel
Shangri-La at The Fort
Novotel Manila
Fete Hotel
Tune Hotel
Microtel II (?) please confirm!
Redevelopment of Manila Mandarin Hotel
Belmont Luxury Hotel
Fullerton Hotel - rumored!
 
Old 06-27-2014, 08:59 AM
 
Location: Jakarta, Indonesia
1,022 posts, read 3,144,521 times
Reputation: 219
Quote:
Originally Posted by Coach Rajko View Post
It says LOW to MIDDLE income if you are referring to the data. no luxury for the rich mentioned.
With Beijing, Sao Paulo, Rio, Istanbul and Capetown on the list?
 
Old 06-27-2014, 09:04 AM
 
Location: Phoenix
1,019 posts, read 895,432 times
Reputation: 736
I would like to comment in slums in Manila. Manila does not have comprehensive housing projects. Most private developers are building luxury condominiums, something that middle-class can't afford. They end up living in areas we call "slum", but they don't live as slum dwellers. Some people in these household have decent jobs. If only government housing is prevalent in Jakarta and Manila, residents cold have lived in a decent house and no slum is present in these cities.
 
Old 06-27-2014, 09:04 AM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
Quote:
Originally Posted by Goshio22 View Post
Unfortunately this is an issue for most developing country, even the more developed Bangkok has slums (though significant numbers of its inhabitant are migrants rather than the Thais themself). Glitering shopping malls with supercars parked while not far from it is slums, tragic sight indeed as capitalism brought greater wealth gap. Unless the government do something about the increasing gap, there's no helping it.



Not something new, lots of those restaurant are common in Southeast Asian major cities, we even have Gallerie Lafayette and PAUL restaurant opening their department store last year here.
But those i mentioned above were really big in the states. not all cities of US have those. like for example In and Out burgers is from the WEST coast, which is not available in any EAST coast states. something amazes any ordinary joe from NY, Boston etc of East.. and yet they prefer to run on a day here. and in singapore instead of goin to East of the US first.

just saying by the way.
 
Old 06-27-2014, 09:06 AM
 
Location: Phoenix
1,019 posts, read 895,432 times
Reputation: 736
Quote:
Originally Posted by Goshio22 View Post
Shanghai isn't on the list? or is it because its already considered a leader?
Yes they are! Along with Hong Kong, Tokyo, Seoul and Singapore.
 
Old 06-27-2014, 09:20 AM
 
Location: Pilipinas
282 posts, read 606,397 times
Reputation: 40
Quote:
Originally Posted by kent_moore View Post
I would like to comment in slums in Manila. Manila does not have comprehensive housing projects. Most private developers are building luxury condominiums, something that middle-class can't afford. They end up living in areas we call "slum", but they don't live as slum dwellers. Some people in these household have decent jobs. If only government housing is prevalent in Jakarta and Manila, residents cold have lived in a decent house and no slum is present in these cities.
I like you observation on the slums. but I'm sick and tired of those people (informal settlers) sometimes, they have the tendency most of the time to become lazy. they rather do begging, asking for some coins, do some street crimes, etc.. than trying to improve themselves and make it even productive. Better if they go back to their provinces and live simple and do the farming..

Re: Housing during the time of Ramos.. There were some effort, same as today to relocate them and build houses for them.. but National Housing Authority here doesn't have the necessary budget to cover everything. And I guess the priority always for national budget is Education and some other departments. As some other law makers from other regions see it as Metro Manila problem, so a problem really in getting/lobbying higher funds for those in national level..

But condominiums now a days are not that expensive. let me give you some ball park figure. a simple condo would require to pay initial 30K in pesos thats around 630 usd. then a succeeding monthly of 12 -15k a month in pesos for 12-15 yrs. Let say you are working in a call center for a year and a bachelor earning around 30-40K month... that reasonable I guess, isn't?

just sharing by the way.

Last edited by Coach Rajko; 06-27-2014 at 09:37 AM..
 
Old 06-27-2014, 09:21 AM
 
Location: Jakarta, Indonesia
1,022 posts, read 3,144,521 times
Reputation: 219
Quote:
Originally Posted by kent_moore View Post
I would like to comment in slums in Manila. Manila does not have comprehensive housing projects. Most private developers are building luxury condominiums, something that middle-class can't afford. They end up living in areas we call "slum", but they don't live as slum dwellers. Some people in these household have decent jobs. If only government housing is prevalent in Jakarta and Manila, residents cold have lived in a decent house and no slum is present in these cities.
Ahh yes housings, we really started doing it 2 years ago but currently not as massive due to election. There is few poor housing project in the year before, but were poorly handled by corrupt governor. But anyhow after the election we could expect relocation of more slums dwellers, im particularly interested in seeing those. Overcrowded dwelling area also sees few improvement along with building of new park so we will see.

Surabaya the second city of indonesia however are rather progressive, currently dubbed as the most livable place in indonesia. The governor build new beautiful park and plant trees everywhere, keeping the city so clean and safe. Surabaya was once known as the most notorious place, way more than the capital in the country, but we are proud to say that its not now. I wonder why the capital cant do it the way she does mmanaging the city lol.
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