Property capitalists urged to invest on landbanking

CEBU, Philippines —  As most developers are adapting a “wait and see” stance in pursuing projects for 2021, a real estate services and consultancy firm encouraged landlords to launch aggressive land-banking this year. 

Colliers International Philippines advised real estate capitalists to turn the unpredictable times into a golden opportunity by buying properties, especially those that are along the planned infrastructure projects of the government that are due to be completed beyond 2022.

Colliers also suggested that developers should also be more proactive in touching base with overseas Filipino workers (OFW) that fuel the demand for residential units outside Metro Manila.

“These house and lot and lot only projects are primarily end-user demand driven and are likely to benefit from a sustained demand from OFWs,” said Colliers.

Likewise, developers should also be on the lookout for old structures located within or near the cities that can be re-developed into integrated communities. It believes that the coronavirus pandemic has only highlighted both the investors and end-users’ desire to be in an integrated community.

“Demand for residential projects will likely hinge on integrated features such as immediate access to essential goods and services. We encourage developers to highlight these features of their projects as this will likely be among the major considerations of home buyers moving forward,” it added.