Need to catch up with what’s happening in the Philippine real estate industry? Here’s a roundup of the top real estate news this week (Dec. 30, 2022-Jan. 5, 2023).
- Property sector to face headwinds in 2023 — JLL
Real estate agency JLL Philippines believes the property sector may face rougher currents this 2023 because of structural and macroeconomic challenges. The company cited the slowing down of leasing and sale activities in the last quarter of 2022 while rents and prices went down as an indicator of the headwinds that the sector will be facing this new year. Businessworld
- Ayala Land receives high ESG scores
Ayala Land Inc. recently scored a B rating for water management from the Carbon Disclosure Project (CDP), so far the highest rating for the Philippines. This is but the latest in several awards for the property developer for its environment, social, and governance efforts. The CDP is considered to be the gold standard in corporate environment reporting. Real Estate News.PH
- NHA signs deal with Maya for housing loan payments
Beneficiaries of the government’s housing projects in Region 2 and the Cordillera Administrative Region will have another convenient way to pay for their monthly amortizations. This after the National Housing Authority finalized an agreement with Maya Philippines, making it possible to make online payments through the Maya Bills Payment Service or the Maya mobile application. Real Estate News.PH
- Property prices pick up further in Q3
According to the latest Residential Real Estate Price Index of the Bangko Sentral ng Pilipinas, property prices in the country rose further during the third quarter of 2022, increasing by 6.5% compared to the same period in 2021. This is due to the resumption of on-site work and face-to-face classes after most of the COVID-19 protocols were lifted. Philippine Star
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Featured Image: Businessworld