Current Events in Real Estate

PHILLIPINES REAL ESTATE INVESTMENTS

From Rappler:

Andrew Tan-led developer Megaworld Corporation saw its bottom line rise in 2017 on strong residential sales.Write something about yourself. No need to be fancy, just an overview.

Megaworld reported a 2017 full-year net income of P13.3 billion, including non-recurring gains of P113 million, to the Philippine Stock Exchange (PSE) on Monday, March 26. The figure is up 13.4% compared to the P11.7 billion, with a non-recurring gain of P82 million, recorded in 2016. Net income attributable to parent company, meanwhile, totaled P12.8 billion for 2017, a 12.7% jump from the P11.3 billion in 2016. Megaworld's consolidated revenues grew 7.7% to P50.4 billion in 2017, from 2016's P46.8 billion. Residential sales comprised around 70% of revenues, totaling P34.6 billion and up 4.5%. Rental income, both for office and commercial space, was up 18.2% to P11.8 billion in 2017 from the P10 billion in 2016.

"We are still way beyond our targets and we see this momentum to continue until we reach our P20-billion target in annual rental income by 2020, or even beyond that. There is still so much opportunities to tap in the property market and we are ready for that," said Megaworld senior vice president Francis Canuto in a statement. Canuto also noted that the firm would allocate P60 billion in capital spending this year, with 80% covering development projects, mostly residential, office, and commercial developments in various townships across the country. The remaining 20%, meanwhile, will be set aside for land acquisition and other investment properties. Megaworld recently disclosed plans to spend P54 billion over a period of 10 years, more than originally planned, on its Westside City township. This township will be anchored on another Resorts World Manila casino by Travellers International Hotel Group Incorporated, also a Tan-led firm.

So, you want to invest in real estate? Here are some tips.

1. Have the determination.

If you’re venturing into real estate investment hoping that you’ll earn money easily, you might want to revisit your objectives. Remember that there’s no such thing as easy money. Renting out a property or house flipping or any type of real estate investment always comes with legwork and requires determination.If you are determined enough to be a successful real estate investor, create smart and realistic goals now and carefully plan your next steps.

2. Study and take action.

Part of the legwork is research, so learn as much as you can about real estate investment. But while there are many resources you can find on the internet, consider as well investing in books and seminars to gain more knowledge. It’s also wise to connect with experienced investors so you can listen to their insights and get some pieces of good advice. But your research will just be in vain if you don’t put the lessons into practice. Believe it or not, many people who say they want to start investing in properties do read up a lot but always put off making the first step. This will never help you reach your financial goals. Make sure to take action

Read more at https://www.philstar.com/business/2017/01/04/1654039/so-you-want-invest-real-estate-here-are-some-tips#1zDw2ZiPpxtgFtWw.99

3. Invest as soon as you can.

Are you wondering about when’s the best time to invest in a property? Is it when interest rates are low? Is the start of the year a good time? You can study the trends and predict the perfect time to get into property investment. But many investors believe that you’re actually good to go as long as you have the money, better yet prospective properties to invest in. “As soon as you have the (financial) capability and the decision to buy real estate property, please proceed to do so,” 8990 Holdings, Inc. President and CEO JJ Atencio told Philstar.com when asked to give a piece of advice to millennials who are interested in investing their money.

Read more at https://www.philstar.com/business/2017/01/04/1654039/so-you-want-invest-real-estate-here-are-some-tips#1zDw2ZiPpxtgFtWw.99

4. Consider going for a modest investment.

While it can be exciting to own a high-end condominium unit, you can save that for future investment when you are financially capable to expand your horizons. In the meantime, as a beginner, consider buying a property at a conservative price first. Look at the condos, apartments or dormitories near schools.There are also affordable, good-quality houses in the provinces where real estate business is also booming. This gives you an opportunity to test the waters in the real estate industry and if the endeavor really works for you. Deca Homes’ properties, for example, can be owned for as low as P800,000. These are located in the outskirts of the metro, particularly in spots where young families could flourish. Their payment schemes are designed to help buyers own a home as soon as possible.

To sum it up, investing in real estate will not give you easy money. But with determination, right knowledge, a concrete game plan and the best property, you can be sure to succeed in making your money grow with real estate.

Read more at https://www.philstar.com/business/2017/01/04/1654039/so-you-want-invest-real-estate-here-are-some-tips#1zDw2ZiPpxtgFtWw.99

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PHILLIPINES REAL ESTATE INVESTMENTS

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