At the relaunch of The Philippine STAR’s Property Report PH, David Leechiu, co-founder and CEO of Leechiu Property Consultants Inc., expressed optimism, saying that the Philippine market is improving despite the crisis.
In a previous interview with Lamudi, he said that favorable economic factors include Filipinos having one of the highest savings rates of up to 20 percent globally, the higher credit rating the country received in June, and a pending collapse in lending interest rates because of the government’s significant borrowings. He said the government is going to bring down the reserve requirement ratio from the banks from 18 percent to eight percent.
He explained that the upper-middle and luxury segments are continuously buying despite the pandemic, with some luxury properties reaching 20- to 50-percent higher than their price in February.
“They are not debt-driven transactions. They’re cash-driven transactions,” he said.
COVID-19 may have shifted the world but history has shown us that there is an opportunity in every crisis.
For investors, it’s certainly a time to build assets while prices are relatively affordable now and payment terms are more relaxed as developers maximize the potential of a reduced market.
It’s almost an irresistible value proposition — land and real estate will always appreciate in time and if investors make their purchase now, they are certain to reap higher returns in the future when land values normalize or better yet, appreciate further.
With 25 years of experience in creating residential communities, Rockwell Land continues to offer a selection of properties that allow you to build a diverse portfolio with ease. From high-rise developments in The Proscenium at Rockwell, homestay investments at Aruga Apartments, and horizontal estates at Rockwell South at Carmelray, among others, there is certainly a piece of real estate that would suit your needs.
It is indeed time to buy that safe place you can call your own or invest in that vacation house you’ve been dreaming of. Find out why it’s a good time to invest in that real estate asset you’ve been eyeing.
These and more questions will be answered in Rockwell and STAR‘s webinar on October 29 at 11 a.m., featuring renowned finance guru and motivational speaker Francis Kong as well as personal finance expert Rose Fausto, both STAR columnists.
Join us and learn about how to maximize investment opportunities amid the crisis.
Register here: www.virnew.com/property-report-moving-forward/