Branded luxury residences are properties associated with luxury brands that offer premium spaces, emphasizing on high-quality design and architecture, world-class services, facilities, and amenities.Ĭolliers International reported that the demand for luxury condominiums will remain strong for 2019, as affluent locals, foreign investors, and offshore gaming firms sustain demand for these types of residences.Īccording to Lamudi, top factors affecting appreciation of land and property value include location. The growth is further supported by the launches of new projects from real estate developers.Īdding to this growth is the demand for branded luxury residences. This continuous growth is attributed to the completion of several residential units from mid to luxury segments in the cities, including Taguig City. per sqm.īased on JLL’s property market overview report, the residential sector, for the first quarter of the year, has maintained positive growth, closing with a total supply of 343,700 residential condominium units in Metro Manila. Leechiu Property Consultants’ 2019 first quarter report pegs land prices in BGC from P480,000 to P1.5 million. It is expected that the residential sector will continue to thrive throughout the year.
This strong demand was observed for newly completed residential units and projects in the pipeline, from the upper-mid to luxury segments in Makati and BGC. Earlier this year, real estate services firms reported that a strong demand for residential condominium units from 2018 continued well over to 2019. Bonifacio Global City, Taguig or BGC continues to be one of the prime areas for residential, office, and hospitality industries.
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