Article Tag: residential properties

As it is one of the most important central business districts in the country, the Bay Area is bustling with real estate projects: it’s become the well-known site of SM Mall of Asia, the Solaire Resort and Casino; City of Dreams Manila, Okada Manila, and Metro Park. 

Though San Juan City is the smallest in Metro Manila, it certainly has big things to offer. The city is home to shopping centers, entertainment hubs, topnotch schools, premier hospitals, exclusive clubs, and food crawls.

In the report, Colliers explained how the strong demand and evolving preference of tenants is giving rise to flexible workspaces; residential developers are tweaking their projects to cater to Chinese offshore gaming employees and local professionals; and mall operators are more open to foreign food and beverage (F&B) and home furnishing tenants, which will redefine retail space absorption in 2019. Colliers also said it sees developers cashing in on the thriving property market by aggressively acquiring parcels of land outside of the more established business districts.

Acquiring a property feels like a dream come true. However, with privilege comes responsibility. So for the first time homeowners and the uninitiated, here are some fast facts you need to know about real property tax in the Philippines.