Professional Documents
Culture Documents
Southern Manila
West Growth Area
2014
Contents
Cuervo Far East, Inc.
Economic Overview
Real Estate Industry Overview
Southern Greater Manila
Southern Manila West Growth Area (WGA)
Selected High-end Residential Subdivisions
Southern Manila WGA SWOT Analysis
Zonal Values
Market Values 2009 and 2014
Projected Land Values 2015 to 2019
Conclusion
References
Contact Details
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Negotiation Services
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Economic Overview
The Philippine economy registered a strong growth of 6.0% for the first half
of 2014.
Inflation for October remained stable at 4.3% which reflects easing
consumer prices.
The country was accorded a ratings upgrade to investment grade status
by top global credit rating agencies such as Standard & Poors, Fitch, and
Moodys Investor and Service making it an attractive destination for
investors.
Various Public-Private Partnership (PPP) projects by the government are
expected to spur the growth of the Philippine economy.
Southern Manila
West Growth Area (WGA)
The Southern Manila West
Growth Area (WGA) is
expected to grow in terms of
capital values for highend
commercial and residential
developments.
OPPORTUNITIES
Increase in land values projected
to be around 10% to 15% per year
Businesses are decentralizing from
traditional CBDs
Various development and
infrastructure projects
WEAKNESSES
Perception as too far from the
traditional CBDs Makati, BGC and
Ortigas Center.
THREATS
Various developments in the North
Delay in the implementation of
infrastructure and development
projects.
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The Manila-Cavite
Expressway (CAVITEx)
connects Manila to
Cavite.
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Source: Dept. Of Environment and Natural Resources (DENR), Mines and Geosciences Bureau
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Source: Dept. Of Environment and Natural Resources (DENR), Mines and Geosciences Bureau
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Zonal Values
ZONAL VALUES MUNTINLUPA
Barangay: Ayala Alabang
Street/Subdivision
Vicinity
Classification
Ayala Alabang
Village
Ayala Alabang
Village
Ayala Alabang
Village
6th Revision
(2-May-97)
7th Revision
(14-June-14)
18,100
40,000
16,500
60,000
16,000
38,000
40,000
38,000
40,000
18,100
20,000
16,500
6th Revision
(2-May-97)
16,000
7th Revision
(14-June-14)
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Zonal Values
ZONAL VALUES MUNTINLUPA
Barangay: Cupang
Street/Subdivision
Alabang Hills
Village Subd.
Alabang
Hillsborough
Vicinity
Classification
6th Revision
(2-May-97)
7th Revision
(14-June-14)
St. Benedictine
Residential
Regular(RR)
8,000
28,000
Alabang Hills
Residential
Regular(RR)
11,500
28,000
28,000
30,000
7th Revision
(14-June14)
25,000
20,000
15,000
6th Revision
(2-May-97)
11,500
8,000
10,000
5,000
0
Alabang Hills Village Subd.
Alabang Hillsborough
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57,000
70,000
50,000
40,000
38,000
38,000
2009
30,000
14,000
16,000
2014
0
Alabang Hillsborough
Hills
Subdivision
Subdivision
Ayala
Southvale
Ayala
Alabang
Village
2009
35,000
16,000
20,000
10,000
42,000
32,000
30,000
10,000
Ayala
Alabang
Village
40,000
50,000
40,000
30,000
14,000
62,000
60,000
30,000
20,000
60,000
15,500
17,500
2014
Ayala
Southvale
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70,000
64,420
58,564
60,000
53,240
48,315
48,400
50,000
44,000
40,000
40,000
30,000
43,923
36,300
39,930
33,000
Low
30,000
High
20,000
10,000
0
2014
2015
2016
2017
2018
2019
Year
22
90,000
80,454
80,000
69,960
70,000
60,835
60,000
50,000
40,000
52,900
40,000
30,000
46,000
60,341
52,470
45,626
39,675
34,500
Low
High
30,000
20,000
10,000
0
2014
2015
2016
2017
2018
2019
Year
23
100,000
87,846
90,000
60,000
73,205
72,600
80,000
70,000
80,526
79,860
66,000
60,000
50,000
60,500
66,550
55,000
50,000
Low
40,000
High
30,000
20,000
10,000
0
2014
2015
2016
2017
2018
2019
Year
24
140,000
120,681
104,940
120,000
100,000
80,000
60,000
100,568
91,253 87,450
79,350 76,044
69,000 66,125
60,000
57,500
50,000
Low
High
40,000
20,000
0
2014
2015
2016
2017
2018
2019
Year
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Conclusion
The Southern Manila West Growth Area (WGA) residential land values are projected to
steadily appreciate in the near-term.
High-end Residential Land values, are seen to increase from 10% to 15%
annually, provided all infrastructure projects and other developments are completed
on time.
Smaller lot cuts will have a higher price per square meter compared to larger lot cuts.
The profile of the market has matured. Buyers take into consideration factors such as
geohazards, accessibility, and availability of support services when making an
investment decision.
An expected increase in Zonal Values in the near term will affect the cost of sales for
land which will result in higher asking prices.
Due to the lack of available supply in this sector, we believe that demand forces in
the market will greatly affect capital values in the next five years.
We will most likely see capital values breaching Php100,000 per sq.m. by 2019.
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References
Philippine Statistics Authority (PSA)
Public-Private Partnership (PPP) website
Department of Public Works and Highways (DPWH)
Department of Environment and Natural Resources (DENR)
Philippine Institute of Volcanology and Seismology(PHIVOLCS)
Bureau of Internal Revenue (BIR)
Wikimapia
Cuervo Appraisers, Inc.
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Contact Details
Name
Landline
Mobile
E-mail
Mailing Address:
5th Floor S&L Building, 101 Esteban St. cor. Dela Rosa St., Legaspi
Village, 1229 Makati City, Philippines
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