Tag Archives: Real Estate

A Permanent Home Structure with Rooftop in Mind

Our 24-year old bungalow house has weathered numerous typhoons and some unintended distractions (house repairs by neighbors) over the years. Repairs here and there made it livable up to this time. We have plans to build a more sustainable home comfortable enough for a family of four and a pet dog in the future, but a good kind of problem is holding us back. Our children’s education is always a priority, so any amount left after paying the monthly bills goes to the college fund.

My daughter’s rendition of our future house. Front view.

In 2019, we were left with one student to support and were openly discussing the possibility of saving up for our permanent home structure until Covid19 happens. We were so excited about the idea that finally, we can start building our financial plan using a mortgage calculator to help us plot the expenses once we get our (future) Pag-ibig housing loan approved. As for the loan payment, we plan to use Pag-ibig’s housing loan affordability calculator. Sadly, all that loan and mortgage discussions are set aside for the meantime.

Second floor plan.

Work from Home

We don’t know for sure how long this pandemic will force most people to work from home. In our case, our graphic designer daughter works from home since last year. With the future house plan, the lady will have ample space to accommodate all her gadgets and design equipment. Even if she transitions back to the office, the room will remain as her working area for her sideline. Same with our son who is still studying, he also needs extra space in his bedroom to do his design tasks for school.

The good thing about working from home is that our daughter was able to save her paycheck. We also save money by keeping the allowance intended for our son. He is attending online classes thus we don’t have to worry about transportation and meal allowances.

Effect of Pandemic in Real Estate

Covid19 has disrupted the construction of condominiums and business buildings last year. The hardest affected were buyers who are mostly Overseas Filipino Workers. They have already paid for their units in advance but were dismayed to find out the construction was stopped. This issue between concerned developers and buyers is yet to be resolved.

An increase in the number of property foreclosures was noted since last year due to non-payment of the mortgage. Some property owners who lost their day job were forced to sell their residential or condominium units to start their own businesses. Real estate websites such as Lamudi showed 593 foreclosed properties up for sale in Quezon City.

If you are keen enough to check on the foreclosed list, you may discover a house at an insanely low price. A business-minded person will consider this an opportunity to try to dabble in buy and sell.  

Resiliency

Ironically, some areas are depicting a different atmosphere despite the pandemic. In our neighborhood alone, several household owners are into repairing, beautifying their houses, building flowerbeds, and carport. The food business is likewise thriving in our area. One would think it’s a “usual” market day if not for the facemask-wearing customers queuing for their orders. Resiliency perhaps is one of the “good things” these uncertain times have given us.

Carry on

Covid19 has affected everyone but life continues to move forward. A year after the lockdown, we have yet to see the light at the end of the tunnel. Perhaps we can safely move when the (Covid19) vaccine rollout reaches its intended beneficiaries. By then, we have achieved herd immunity.

As for our dream house construction, it will have to wait for a while until the pandemic is over and our youngest graduated from college. We will diligently work until we reach our goal.  

Lamudi Honors Buyers’ Choice in The Outlook Awards

Leading real estate platform Lamudi gathers the top real estate developers in the Philippines for The Outlook 2019: Philippine Buyers’ Choice Property Awards, a gala event co-presented by Philippine Daily Inquirer Property and Holcim Philippines to be held at the Makati Shangri-la on November 14, 2019. The event recognizes the real estate innovations developers designed in response to the changing needs of property seekers all over the country, with nominees shortlisted by a panel of judges and winners chosen through a survey with 10,000 active Lamudi property seekers.

Lamudi’s preparations started in January, when nominations were opened to all developers in the Philippines until May 31st, provided their development has not won at The Outlook Awards before. There was no nomination fee to submit the name of a project, and no limits were imposed on the number of nominees in all award categories.

The Judges

The real estate platform asked judges to review all the nominations between June and July, using a predefined category-specific score sheet for each category as a guide in shortlisting the nominees. The panel of judges will determine the winners of the Special Awards. The winners for the House, Condominium, Mixed-use, and Grand Awards categories will be determined via a 10,000-respondent survey involving active property seekers on Lamudi.

Here are the panel of judges for The Outlook: Philippine Buyers’ Choice Property Awards:

  • Atty. Robert Nomar V. Leyretana,  Deputy Administrator of the Land Registration Authority
  • Richard Raymundo, Managing Director of Colliers International Philippines
  • Kenneth Stern, Country Manager of RE/MAX Philippines
  • Platzer Georg, Market Development Manager of Ikano Philippines Inc. and Store Manager of IKEA Pasay City
  • Arch. Amado P. de Jesus, Vice Chairman of Philippine Green Building Initiative and  Principal Architect of A. P. de Jesus & Associates
  • Theresa Samaniego, Editor of Philippine Daily Inquirer Property
  • Amelita Remo, Writing Editor of Philippine Daily Inquirer Property
  • Dr. Eduardo Ong, Former Chairman of the Professional Regulatory Board for Real Estate Services
  • Leira Buan, Assistant Secretary of the Housing and Urban Development Coordinating Council (HUDCC)
  • James Buskowitz, CEO of Buskowitz Group
  • Rick Santos, Chairman and CEO of Santos Knight Frank
  • Jason Buensalido, Principal Architect, Chief Design Ambassador and Founder of Buensalido+Architects

The Nominees

The Outlook: Philippine Buyers’ Choice Property Awards, which is supported by the Subdivision and Housing Developers Association (SHDA), received an overall increase of 30% in the number of nominations in its third year, with a 90% increase in the number of nominees from Visayas and Mindanao compared to 2018.

Awards for Developments in Luzon

The shortlisted nominees for the Best Affordable Condo in Luzon are:

  • Amaia Land Corporation – Amaia Skies Shaw
  • Cathay Land, Inc. – Stanford Suites 2
  • DataLand, Inc. – The Silk Residences
  • Empire East Holdings, Inc. – Cambridge Village
  • PHINMA Property Holdings Corporation – Arezzo Place Pasig
  • SM Development Corporation – Cheer Residences
  • Sta. Lucia Land, Inc. – Monte Carlo

The shortlisted nominees for the Best Premium Condo in Luzon are:

  • Avida Land Corporation – Avida Towers Makati Southpoint
  • Century Properties Group, Inc. – Iguazu Tower at Acqua Private Residences
  • Costa del Hamilo, Inc. – Freia at Pico de Loro Cove
  • Empire East Land Holdings, Inc. – San Lorenzo Place
  • Filinvest Land, Inc. – Fora Condotel
  • SM Development Corporation – Hope Residences
  • Torre Lorenzo Development Corporation – Torre Lorenzo Central
  • Robinsons Land Corporation – Chimes Greenhills
  • Alveo Land Corporation – The Sandstone at Portico
  • Anchor Land Holdings, Inc. – Princeview Parksuites

The shortlisted nominees for the Best Luxe Condo in Luzon are:

  • Ayala Land Premier – Park Central Towers
  • Megaworld Corporation – The Albany
  • North Bonifacio Landmark Realty and Development Inc. – Grand Landmark Residences South Tower (Grand Hyatt Manila Residences South Tower)
  • Century Properties Group, Inc. – Century Spire
  • Anchor Land Holdings, Inc. – Anchor Grandsuites

The shortlisted nominees for the Best Affordable House in Luzon are:

  • Amaia Land Corporation – Amaia Scapes Bulacan
  • Avida Land Corporation – Avida Southfield Settings NUVALI
  • CitiHomes Builder and Development, Inc. – Liora Homes
  • Demeterland Development Corporation – Valley Verde Villas
  • Filinvest Land, Inc. – Amarilyo Crest
  • PHirst Park Homes – PHirst Park Homes Tanza
  • Taft Property Venture Development Corporation – Cera at Citation Residences

The shortlisted nominees for the Best Premium House in Luzon are:

  • AboitizLand, Inc. – Seafront Residences
  • Brittany Corporation – Promenade
  • Crown Asia – Valenza
  • Filinvest Land Inc. – The Peak

The shortlisted nominees for Best Mixed-Use Development in Luzon are:

  • Ayala Land Corporation – Evo City
  • Costa del Hamilo, Inc. – Hamilo Coast
  • Italpinas Development Corporation – Miramonti Green Residences
  • NAI RCL Philippines – Waves Beach Club and Residences
  • Megaworld Corporation – Arcovia City

Awards for Developments in Visayas and Mindanao

The shortlisted nominees for Best Affordable Condo in Visayas and Mindanao are:

  • Amaia Land Corporation – Amaia Steps Capitol Central
  • Cebu Landmasters, Inc. – Casa Mira Towers Labangon
  • Damosa Land, Inc. – Seawind
  • Filinvest Land Inc. – One Oasis Cagayan de Oro
  • Grand Land Inc. – Amani Citygate Davao
  • PHINMA Property Holdings Corporation – Arezzo Place Davao
  • Taft Property Venture Development Corporation – Soltana Nature Residences

The shortlisted nominees for Best Premium Condo in Visayas and Mindanao are:

  • Anchor Land Holdings, Inc. – 202 Peaklane
  • Ayala Land Premier – The Residences at Azuela Cove
  • Cebu Landmasters, Inc. – 38 Park Avenue
  • Federal Land, Inc. – Marco Polo Residences
  • Filinvest Land, Inc. – Sanremo Oasis at City di Mare
  • Megaworld Corporation – The Palladium
  • Torre Lorenzo Development Corporation – Dusit Thani Residence Davao

The shortlisted nominees for Best House in Visayas and Mindanao are:

  • AboitizLand, Inc. – Amoa
  • ACM Landholdings, Inc. – Salas Real
  • Amaia Land Corporation – Amaia Scapes Iloilo
  • Cebu Landmasters Incorporated – Velmiro Uptown CDO
  • Damosa Land, Inc. – Damosa Fairlane
  • King Properties – Modena Liloan

The shortlisted nominees for Best Mixed-Use Development in Visayas and Mindanao are:

  • Cebu Landmasters, Inc. – Astra Centre
  • Gaisano Grand Group & Grand Land Inc. – The Grand Citygate Davao
  • Italpinas Development Corporation – Primavera City
  • King Properties – Meridian
  • Megaworld Corporation – The Mactan Newtown

Special Awards

The shortlisted nominees for Best Green Project are:

  • SM Prime Holdings, Inc. – Three E-Com Center
  • Century Properties Group, Inc. – Century Diamond Tower
  • Costa del Hamilo, Inc – Hamilo Coast
  • Filigree – Botanika Nature Residences
  • Innoland Development Corporation – Calyx Centre
  • Ayala Land Premier – Cerilo

The shortlisted nominees for Best Innovation Project are:

  • Megaworld Corporation – World Commerce Place
  • Sunshine Fort North Bonifacio Realty Development Corporation – The Seasons Residences
  • Italpinas Development Corporation – Primavera City
  • Innoland Development Corporation – Montage
  • Costa del Hamilo, Inc. – Hamilo Coast
  • Anchor Land Holdings, Inc. – 202 Peaklane

The shortlisted nominees for Best Co-Living Project are:

  • Philippines Urban Living Solutions Inc. – MyTown Co-Living Hubs
  • Fort Bonifacio Development Corporation – The Flats Fifth Avenue
  • First Georgetown Ventures, Inc. – The Grid Dormitel
  • Lino and Kux Co-Living Bedspace – The Communal
  • DEI Properties – iDorm @ The Fort

The shortlisted nominees for Best Co-Working Project are:

  • Unionspace – Acceler8
  • Common Ground – Common Ground – ArthaLand Century Pacific Tower BGC Branch
  • International Workplace Group – Spaces
  • Launchpad Coworking – Launchpad Coworking One Griffinstone
  • KMC Solutions, Inc. – Robinsons Gamma

The Philippine Daily Inquirer Property Special Award and the Personality of the Year will also be awarded at the gala night.

Grand Awards

The shortlisted nominees for Best Boutique Developer in Visayas and Mindanao are:

  • ACM Landholdings, Inc.
  • DATEM Homes, Inc.
  • Innoland Development Corporation
  • Italpinas Development Corporation
  • PHINMA Property Holdings Corporation
  • RFK Holdings, Inc.
  • Softouch Property Development Corporation
  • Sterling Land Residences and Development, Inc.
  • Torre Lorenzo Development Corporation

The shortlisted nominees for Best Boutique Developer in Luzon are:

  • ACM Landholdings, Inc.
  • Brittany Corporation
  • Central Country Estate, Inc.
  • Costa del Hamilo, Inc.
  • Citihomes Builder and Development, Inc.
  • Crown Asia Properties, Inc.
  • DATEM Homes, Inc.
  • Demeterland Development Corporation
  • Italpinas Development Corporation
  • Philippine Realty & Holdings Corporation
  • PHINMA Property Holdings Corporation
  • PHirst Park Homes
  • Torre Lorenzo Development Corporation

The shortlisted nominees for Best Developer in Visayas and Mindanao are:

  • AboitizLand, Inc.
  • Alveo Land Corporation
  • Amaia Land Corporation
  • Anchor Land Holdings, Inc.
  • Avida Land Corporation
  • Ayala Land Premier
  • Ayala Land, Inc.
  • Cebu Landmasters, Inc.
  • Damosa Land, Inc.
  • DMCI Homes
  • Federal Land, Inc.
  • Filinvest Land, Inc.
  • Grand Land Inc.
  • Nexus Real Estate Corporation
  • Robinsons Land Corporation
  • SM Development Corporation
  • SM Prime Holdings, Inc.
  • Sta. Lucia Land, Inc.
  • Suntrust Properties, Inc.
  • Taft Property Venture Development Corporation
  • Vista Land & Lifescapes, Inc.

The shortlisted nominees for Best Developer in Luzon are:

  • AboitizLand, Inc.
  • Alveo Land Corporation
  • Amaia Land Corporation
  • Anchor Land Holdings, Inc.
  • Avida Land Corporation
  • Ayala Land Premier
  • Cathay Land, Inc.
  • Century Properties Group, Inc.
  • DataLand, Inc.
  • DMCI Homes
  • Empire East Land Holdings, Inc.
  • Federal Land, Inc.
  • Filinvest Land, Inc.
  • Greenfield Development Corporation
  • Megaworld Corporation
  • NAI RCL Philippines
  • Robinsons Land Corporation
  • SM Development Corporation
  • SM Prime Holdings, Inc.
  • Sta. Lucia Land, Inc.
  • Suntrust Properties, Inc.
  • Taft Property Venture Development Corporation
  • Vista Land & Lifescapes, Inc.

For more information, visit lamudi.com.ph/outlook2019-awards.

Lamudi Launches Affordable Housing Fair in Glorietta 2019

From property seekers to real estate professionals, Lamudi’s Affordable Housing Fair was a roaring success. It united all groups from the real estate industry to an event filled with knowledge and opportunity for all.

After a successful event at Trinoma, Lamudi continued its Housing Fair series and brought it to Glorietta with a two-day Affordable Housing Fair, from July 20 to 21, 2019.

The event, now in its third year, was supported by several exhibitors, showcasing their offers and properties. The exhibitors were the following:

  • Aspire by Filinvest
  • Ayala Residential Group
  • Calmar Land Development Corporation
  • Camella Homes
  • CDC Holdings, Inc.
  • Empire East
  • Food Panda
  • Futura Homes by Filinvest
  • Grand Monaco
  • Hausland Development Corporation
  • Megaworld Prime RFO
  • Pag-IBIG Fund
  • PA Properties
  • Phinma Properties
  • Politan- Agpasa Engineering and Architectural Design
  • RCD Land
  • UnionBank Credit Cards
  • United Coconut Planters Bank

The emphasis of the event was getting affordable housing for property seekers, hence the title of the fair, which is the Affordable Housing Fair. Affordability in the real estate industry is what a lot of keynote speakers and exhibitors focused on in the event.

The fair had all sorts of seminars relevant to the theme presented by esteemed speakers from a variety of places. Aside from workshops, there were plenty of booths, training, as well as an escape room called “Unlock Your Dream Home” for attendees to try.

Home-Buying Seminar for Aspiring New Homeowners

Lamudi Affordable Housing Fair held a free home-buying seminar for aspiring new homeowners. The lesson covers all the basics that they need to know before or during the home-buying process.

This talk was one that aspiring homeowners didn’t want to miss.

On that note, Pag-IBIG Fund representatives were also present to give a talk on their End-User Housing or Financing Program, which is useful for new or aspiring homeowners.

Pag-IBIG Fund End-User Housing Program Talk

The End-User Home Financing Program by Pag-IBIG Fund aims to help aspiring homeowners finance their new home. The loan can reach up to about six million Philippines Peso, depending on a couple of factors like desired loan amount, actual need, loan entitlement, and more.

The Financing Program doesn’t only cover new homeowners. There are plenty of other eligible loan purposes that the financing program can help interested loan applicants. For example, you can use it to refinance an existing house loan or for financing home improvement projects.

If you’re interested in applying for Pag-IBIG Fund’s financing program, then you can go to their website and log on to get an appointment set for you.

Property Auctions

Given the fact that it is an Affordable Housing Fair, there were also auctions held in the fair that put up properties in foreclosure for bidding. It’s a cost-effective way of purchasing a property. The exhibitors listed above showed their offers to interested buyers, so there were plenty of options and choices available.

Additionally, property seekers had plenty of freebies as well as discounts on properties on the Affordable Housing Fair.

Networking Venue for Real Estate Professionals

Buyers aren’t the only ones who found a good time with the Lamudi Housing Fair. Real estate professionals had the opportunity to see industry leaders in the fair. They also received free lessons on online marketing with the use of Lamudi.

With the help of the sponsors, Lamudi was able to launch a successful Housing Fair and pull off these activities listed above. For the July 20-21 Affordable Housing Fair, Subdivision & Housing Developers Association, Inc. (SHDA) served as the official event sponsor.

Aside from that, the SM Development Corporation served as the Premium Sponsor of the event. Major Sponsors of the Housing fair were Federal Land and Lancaster New City by ProFriends. Minor sponsors for the event were Aboitiz Land, BPI Family Housing Loan, DMCI Homes, and Mandaue Foam.

Of course, the help of the media partners which is Business Mirror, Business World, Malaya Business Insight, The Philippine Star, and the Philippine Daily Inquirer Property made it easy to spread the word which also contributed to the success of the event.

Lamudi now completes a third year of organizing a housing fair that brought real estate enthusiasts, both buyers, and sellers, together. Lamudi continues to look forward to bridging these two groups together for the rest of the year with the continuation of the Affordable Housing Fair series.

For those who missed the Glorietta housing fair, don’t worry. There are still more to come with a Housing Fair in SM Cebu on September 21-22. Before the year ends, Lamudi will be organizing another Housing Fair in SM Mall of Asia in December, so it’s an opportunity for those who missed this July’s Affordable Housing Fair to attend.

Don’t forget to check up on other news and updates on these future events on the Lamudi website.