REAL ESTATE

MARKET INSIGHTS
August 2018
THE PHILIPPINES
 The Philippines

6.9%
LITERACY RATE
105
million 96.5%
POPULATION GROWTH
LABOR FORCE GDP
PHILIPPINE 69.6 M 2.7%
GNI per Capita
24 years old
$3,580 Average age of Filipinos
INFLATION RATE

PHILIPPINE DEBT * CREDIT

RATINGS
GDP EXTERNAL
$304.91B S&P BBB
23.8% of GDP
(June 2017)
MOODY’S Baa2
FOREIGN PUBLIC
RESERVES FITCH BBB
42.1% of GDP
$81.51B (Jan 2017)

* BBB : Exhibits adequate protection parameters, ability to meet financial commitments

* Baa2 :Medium grade, subject to moderate credit risk, strong ability to repay short term obligations

Source: Trading Economics, BSP, World Bank, PSA, S&P, Moody’s

3
 Philippine Foreign Direct Investments (FDI)
Performance (2005 to 2017)

In USD Billions

12.00

10.00
10.05

8.00
7.90

6.00
5.84 5.74 5.84

4.00

3.22
2.92
2.71
2.00
2.06 2.01
1.66
1.34
1.07

0.00
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

4
Source : World Bank, Bangko Sentral ng Pilipinas
Government’s Socioeconomic Agenda

PRES. DUTERTE’S 10-POINT SOCIOECONOMIC AGENDA

1 Infrastructure Spending
2. Current macroeconomic policies

DUTERTENOMICS: 3. Ease of Doing Business

“Build, build, build program”
4. Social protection programs

“Golden Age of Infrastructure” in the Philippines 5. Rural and value chain development
-Budget Secretary Benjamin Diokno
6. Security and land tenure
• Manila Subway (P227 billion)
• Mindanao Railway (P31.5 billion) 7. Human Capital Development
• NLEX-SLEX Connector Road (P23.30 billion)
• BGC to Ortigas Road Link Project (P4 billion) 8. Science, technology, and creative arts
• Philippine National Railways North 1 (P105.3 billion)
• Philippine National Railways North 2 (P150 billion)
9. Tax Reform
• Philippine National Railways South Commuter (P134 billion)
• PNR South Long Haul (P151 billion)
• Subic-Clark Cargo Railway Project (P32.5 billion) 10. Responsible Parenthood &
• Unified common station (P2.8 billion) Reproductive Health

Source: DOH 5
 Philippine Market Penetration
Money Market

Increased financial literacy among Filipinos is essential to sustain the

emerging Philippine economy.

4% life insurance market 0.7% of Filipinos

penetration. invest in the stock market.

Housing Backlog - 5.7M units

“ According to Leni Robredo, the government was
looking at providing tax breaks to entice private Per Capita GNI - $3,580
developers to go into socialized housing projects and as of 2016
help reduce the projected backlog of 5.7 million units”

5% of Filipinos own a credit card. Underemployment Rate - 16.3%

“The biggest reason card penetration is as of January 2017
very low in the country is the lack of
information about the prospective “NEDA said that this was the lowest rate
debtor.” recorded since 2006.”

14% of Filipinos have bank accounts. Unemployment Rate - 6.6%

“The members that are banked are mostly as of January 2017
employees, either by private companies or by the “The government must focus interventions to diversify the
government.” sources of income of our workers in the agriculture sector,
increase labor participation of women, and address youth
6
Source: BSP, Manila Bulletin, MarketMonitor, PhilStar,Nielsen, Topgear, Rappler unemployment and underutilization.”
 Demand Drivers

Urban IT-BPM Employee’s Overseas Filipino

Population Growth Housing Need Remittances

Need to live 10 million

48.6% Growing number near OFW’s can invest in Real
of Filipinos of IT-BPM their Estate
live in Urban workers
Areas*
workplace.

More than 50%

Housing backlog needs of remittances are
to be addressed and real estate related
It is projected to rise to 56.3% demand for dormitories
by 2030 and 66% by 2050.
will rise.

Source: Keynote speech of Sec. Arsenio M. Balisacan Director General of NEDA

“The Philippine Economic Growth and the Growth in the Property Sector” 2015 7
* 2010
OFFICE MARKET
Executive Summary

Metro Manila office take-up for Full-Year 2017 is at an all–time high of 775,000 square
meters, a 23% increase from Full–Year 2016 take up of 630,000 square meters.

• 688,474 square meters of the 2018 office supply are already either leased or pre-
committed. This makes our forecasted FY 2018 take-up of 937,000 square
meters achievable.

• The IT-BPM industry, which includes shared services, took up 46% of FY 2017
demand, while Offshore/Online Gaming took up 30%. The IT-BPM industry is
expected to rebound while the Offshore/Online Gaming is expected to grow this
2018.

• Offices at Alabang and Bay City are enjoying the lowest current vacancy rate at 1%.

• 1.2M square meters of office space is forecasted to be added to Metro Manila for FY
2018, 20% of which will be likely delayed.

• Rents remain at an all – time high across most districts.

9
Provincial Outlook
Key Insights

LAOAG
CAGAYAN

BAGUIO

Companies will continue to look for new

TARLAC
and untapped labor markets.

BULACAN
PAMPANGA

QUEZON
National Government promotes new
CAVITE /
BATANGAS / LAGUNA developments in the provinces.

CAPIZ

PALAWAN Preferred areas for expansion are

ILOILO
Luzon and Visayas.
BACOLOD

DUMAGUETE
IT-BPM companies in the provinces will
continue to offer relocation incentives to
interested applicants.
ZAMBOANGA

DAVAO

10
 Provincial Outlook
IT-BPAP Roadmap 2022
Whilst 70% of the total projected IT-BPM workforce will still remain in Metro Manila, National Government’s all inclusive-plan
will positively impact expansion in the provinces.
IT-BPM labor workforce in the provinces is estimated to grow by 60% in 2022.
IT-BPM Full-Time Employees (FTEs) will grow from 1.2 million to 1.8 million in the next 5 years, which translates to 3 million
sqm of office requirement.

1,400 Metro Manila Other Regions +38%

1,301
1,200 1,236
1,161
1,000 1,086
FTEs in ‘000

1,014
941
800

600
+61%
499
400 454
416
381
345
309
200

0
2017 2018 2019 2020 2021 2022

Source: IT-BPAP Roadmap 2022

11
 Metro Manila Cityscapes

• Most of these districts will be fully developed by 2018.

• There will be little land left for development.
• The most important districts moving forward will be
Bonifacio Global City, Bay Area, Filinvest City, Evia
and Arca South. Quezon City

3 MAJOR CBDs
MAKATI MAKATI CBD. CENTURY CITY. ROCKWELL CENTER. CIRCUIT MAKATI.
San Juan
Manila
ORTIGAS ORTIGAS CBD. ROCKWELL BUSINESS CENTER. ARCOVIA CITY.
Manda-
SILVER CITY. CAPITOL COMMONS. luyong Ortigas/
BGC BONIFACIO GLOBAL CITY. MCKINLEY WEST. MCKINLEY HILL. Pasig
UPTOWN. VERITOWN. Makati
Bay/
Pasay

BGC / Taguig
46 BUSINESS PARKS
QUEZON CITY. UP TECHNOHUB. EASTWOOD CITY. ETON CENTRIS.
Parañaque
ARANETA, CYBERPARK. ROBINSONS BRIDGETOWNE IT PARK. VERTIS NORTH. UP TOWN
CENTER. FAIRVIEW TERRACES. ALI CLOVERLEAF BALINTAWAK. NUVO. MANDALUYONG.
GREENFIELD DISTRICT. ROBINSONS CYBERGATE. ROCKWELL SHERIDAN. SAN JUAN. Las Pinas
SANTOLAN TOWN PLAZA. MUNTINLUPA. FILINVEST CORPORATE CITY. LA FUERZA.
NORTHGATE CYBERZONE. MADRIGAL BUSINESS PARK. ALABANG WEST. TAGUIG. ARCA
SOUTH. LAS PINAS. PORTOFINO. EVIA. PASAY. NEWPORT CITY. SM MALL OF ASIA
Alabang
COMPLEX. METROPOLITAN BUSINESS PARK. DOUBLE DRAGON CYBERCAMPUS. FILINVEST
CYBERZONE PASAY. PARANAQUE. ASIAWORLD CITY. ASEANA BUSINESS PARK. AYALA
ASEANA. MANILA. CITYPLACE. SAN LAZARO.
12
 Regional Cityscapes

LAOAG. CAMELLA. VALDEZ CENTER. CAGAYAN. CAGAYAN Unprecedented countryside

SPECIAL ECONOMIC ZONE AND FREEPORT. PROJECT PRIMO. development.
BAGUIO. BAGUIO AYALA LAND TECHNOHUB. SM BAGUIO
LAOAG
CYBERZONE BUILDING. PCH IT CENTER. ABANAO SQUARE.
Approximately 132,200hectares
TARLAC. LUISITA BUSINESS PARK. TARLAC PROVINCIAL IT CAGAYAN
2
PARK. BULACAN. PDC TECHNOPARK. ALTARAZA. FIRST 2
of master-planned or
BAGUIO
BULACAN IT PARK. CIUDAD DE VICTORIA. ABS-CBN
CAMPUS. URDANETA. CB MALL. 4
TARLAC mixed-use developments
2
9 BULACAN

Over 84 I.T. parks and PAMPANGA CAVITE. BATANGAS. LAGUNA. VERMOSA.

5 PONTEFINO. SUNTECH IT PARK. HAMILO COAST.
PANGASINAN 1 1 QUEZON
business districts CAVITE /
SMDM IT CENTER. SOUTHFORBES IT PARK.
BATANGAS 11 SOUTHWOODS. NUVALI. ETON CITY.
/ LAGUNA GREENFIELD CITY. PUERTO AZUL.
Countryside development going through CEBU. CEBU IT PARK. CEBU SRP.
CEBU BUSINESS PARK. MACTAN NEWTOWN.
unprecedented construction boom driven by
AKLAN 1 1 CAPIZ ABOITIZLAND CEBU. WATERFRONT TOWNSHIP.
IT-BPM and tourism. PALAWAN ILOILO
CITTA DE MARE. SMC. OAKRIDGE BUSINESS PARK
5 DAVAO. MATINA IT PARK. ABREEZA. DAVAO PARK
2 9 CEBU DISTRICT. LANANG IT PARK. DAMOSA IT PARK.
PAMPANGA. CLARK SPECIAL ECONOMIC ZONE. BACOLOD 7
NORTHPOINT. CAMELLA. CIUDADES. LUBI ISLAND
PHILEXCEL BUSINESS PARK. BERTAPHIL BUSINESS PLANTATION.
PARK. SM CITY CLARK. CLARK GREEN CITY. GGLC.
NEPO CENTER. ALVIERA. CAPILION. THE INFINITY.
DUMAGUETE 4
PALAWAN. LIO RESORT TOWN. SAN
FILINVEST MIMOSA AKLAN. BORACAY NEW COAST.
4
VICENTE. QUEZON. BALESIN ISLAND
CAPIZ. PUEBLO DE PANAY TECHNOPARK. ILOILO.
CAGAYAN DE ORO CLUB
ILOILO TECHNOHUB. ATRIA PARK DISTRICT. GAISANO ZAMBOANGA 4
CAPITAL. AYALA SICOGON. ZAMBOANGA. MEGALAND MALL.
9 CITYMALL ZAMBOANGA.
ILOILO BUSINESS PARK. BACOLOD. LOPUE’S DAVAO ZAMBOECOZONE AND FREEPORT NEW
EAST IT CENTER. ONE AND TWO SANPARQ. THE TOWNSHIP. ZAMBOECOZONE
BLOCK IT PARK. ROBINSONS CYBERGATE CENTER. HIGHLANDS. CAGAYAN DE ORO.
LIMKETKAI CENTER. SM CITY BPO 2.
LOPUE’S SOUTHSQUARE IT PARK. BACOLOD IT CENTRIO. ONE PROVIDENCE.
PARK. CAPITOL CENTRAL. DUMAGUETE. Legend:
DUMAGUETE BUSINESS PARK. LINKSYS IT PARK. LP Number of townships
IT PARK. YY STAR DAS. 13
 Growth Sectors

Persistent growth despite

prevailing political, Prepare for a boom in
infrastructure, security TOURISM AND
problems and natural disasters INFRASTRUCTURE
for the past 15 years.

Philippine economy standing on two strong legs: IT-

BPM Revenue and OF Remittance.
Tourism potentially is the 3rd strong leg that can be
developed in a very short time frame.

Source: UNWTO, iBPAP, World Bank, DOT

14
 PH Growth Amidst Historical Events
Cotabato City Bombing Super Typhoon Haiyan Resorts World Manila Attack

2013
2002

2008
Bombing in Zamboanga Ces Drilon Kidnapping Cebu Ferry Tragedy Extrajudicial Killings
Capture and sentence of MV Princess of the Star Sank Killing of Taiwanese Fisherman Terrorism threats in Hamilo Coast, Bohol,
Jemaah Islamiyah ZTE-NBN Irregularities Senate Pork Barrel Scam Hearing and Palawan

2017
Meralco Stockholders Meeting 5.4 Magnitude Earthquake Cebu and Bohol Mindanao Martial Law
Oakwood Mutiny Bird Flu Outbreak
H1N1 Outbreak

2014
Marawi Siege
2003

SARS Outbreak Typhoon Ondoy Typhoon Hagupit

Jemaah Islamayah escape Binay Alleged Corruption Hearings Pres. Duterte threatens to expel EU
Typhoon Pepeng

2009
Jose Pidal plunder case DMCI Construction Hearings Diplomats from the PH
Typhoon Marakot
Davao airport bombing Fitch upgraded PH credit rating to ‘BBB’
Superferry sank in Zamboanga
from ‘BBB-”
Death of Corazon Aquino Pres. Aquino’s Final SONA

2015
Infanta Mud Slide Greenbelt 5 Robbery
2004

Kentex Manufacturing Slippers Factory Fire

Superferry Bombing Maguindanao Massacre Typhoon Nona
Phil. General Elections Typhoon Koppu
General Santos Christmas Bombing Typhoon Megi
Manila Hostage Crisis PNP-SAF killed in Maguindanao
2010

2018
Boracay Closure
Phil. General Elections
GDP expanded by 7% Impeachment of Chief Justice
DLSU explosion during Bar Exams
2006 2005

V-day Bombing Implementation of Excise Tax

Inauguration of Pres. Noynoy Aquino National and Local Elections
Hello Garci Scandal
Vizconde Massacre Case Finished Rodrigo Duterte proclaimed as new Pres.
General Santos City Mall Bombing

2016
Pres. Duterte enjoys a record high trust
rating of 92%
Makati Bus Explosion Spratly Islands Dispute
Overseas Filipinos
2011

Milenyo Tropical Storm Juaning Davao Bombing Remittance

Southern Leyte Mud Slide
State of Emergency Declaration
Typhoon Sendong War on Drugs (US$ 28.1B)
Arrest of former Pres. Gloria Arroyo Above investment grade rating (BBB)
ZTE Scandal State of Emergency Declaration IT-BPM
Conviction of ERAP Corona Impeachment Trial Revenue
2007

2012

Glorietta 2 Bombing Typhoon Pablo (US$ 23B)

Manila Peninsula Mutiny Cebu Governor Suspension
Cotabato Bus Station Bombing 6.9 Magnitude Earthquake Negros and Cebu
Congress Bombing Tropical Dispute with China
The PSEi hit an all-time
The country experienced a high as it reached
9,000 last January
6.8% growth rate in 2018
gross domestic product
(GDP) in 1Q 2018. PSEi Index

International
Tourism
Receipts
(US$ 6.65B)
Source: The World Bank, PSE, DOT, Yahoo 15
Finance, Philippine Daily Inquirer, LPC Research 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
 Philippines Office Supply
Current vs. Pipeline
Philippine office supply will grow by 44% in the next 6 years. The unprecedented level of developments
outside Metro Manila is expected to add 1.3 million square meters to its current supply of 1.6 million.

16
METRO MANILA
OFFICE MARKET
 Metro Manila Office Supply
Current vs. Pipeline

Current vacancy rate across Metro Manila is at 4.34%

Offices at Alabang and Bay City are enjoying the lowest current vacancy rate at 1%.

Quezon City and Ortigas Center will be the largest suppliers of office space in the next 6 years. Bonifacio
Global City/Taguig City and Ortigas Center will have roughly the same amount of office space by 2023.

Current supply Pipeline supply

for 57 years (1960s to 2017) for 6 years (2018 to 2023E)

9.98M sqm 3.78M sqm

Legend: Leased Pre-committed Vacant 18

 Metro Manila Office Supply Pipeline
Per District, Per Year (2018 to 2023E)

3.78M sqm
Total supply
2018 to 2023E

Legend: Leased Under Nego Vacant 19

*Gross Leasable Area in thousands (sqm)
 YTD 2018 Supply and Demand

2018 office supply is expected to be at an all-time high of 1,173,600 sqm, most of

which are in BGC and Taguig City. As of August 1, 2018, take-up from the 2018 office
supply is at 59% or 688,474 sqm.

YTD August 1, 2018

Leased 59%
Vacant 41%
Total Supply
1,173,600 SQM

Legend: Leased Pre-committed Vacant

*Gross Leasable Area in thousands (sqm)
20
 Metro Manila - Demand Activity
Full Year 2017 and YTD 2018E
Metro Manila office take-up for FY 2017 reached 774,957 sqm outperforming FY 2016 take-up of 630,000 sqm by 23%.
As of August 1, 2018, take-up from the 2018 office supply is at 59% or 688,474 sqm.
The IT-BPM industry and Offshore/Online Gaming industry are expected to continue leading Metro Manila office demand by
Year-End 2018.

21
 Supply Pipeline – Bonifacio Global City
(2018 to 2022E)

592K sqm
Total supply
2018 to 2022E

Legend:
Pre-committed Under Negotiation Vacant PEZA: Registered PEZA: Under Application Strata-titled

*Gross Leasable Area in thousands (sqm) 22

 Supply Pipeline – Taguig City
(2018 to 2022E)

190K sqm
Total supply
2018 to 2022E

Legend:
Pre-committed Under Negotiation Vacant PEZA: Registered PEZA: Under Application Strata-titled

*Gross Leasable Area in thousands (sqm)

23
 Supply Pipeline – Makati City
(2018 to 2022E)

578K sqm
Total supply
2018 to 2022E

Legend:
Pre-committed Under Negotiation Vacant PEZA: Registered PEZA: Under Application Strata-titled

*Gross Leasable Area in thousands (sqm)

24
 Supply Pipeline – Quezon City
(2018 to 2023E)

746K sqm
Total supply
2018 to 2023E

Legend:
Pre-committed Under Negotiation Vacant PEZA: Registered PEZA: Under Application Strata-titled

*Gross Leasable Area in thousands (sqm)

25
 Supply Pipeline – Ortigas/Pasig/Mandaluyong/San Juan
(2018 to 2022E)

771K sqm
Total supply
2018 to 2022E

Legend:
Pre-committed Under Negotiation Vacant PEZA: Registered PEZA: Under Application Strata-titled

*Gross Leasable Area in thousands (sqm)

26
 Supply Pipeline – Alabang/Las Pinas
(2018 to 2020E)

227K sqm
Total supply
2018 to 2020E

Legend:
Pre-committed Under Negotiation Vacant PEZA: Registered PEZA: Under Application Strata-titled

*Gross Leasable Area in thousands (sqm)

27
 Supply Pipeline – Bay City
(2018 to 2021E)

675K sqm
Total supply
2018 to 2021E

Legend:
Pre-committed Under Negotiation Vacant PEZA: Registered PEZA: Under Application Strata-titled

*Gross Leasable Area in thousands (sqm)

28
Metro Manila - PEZA Status
Full Year 2017 and Full Year 2018E Office Buildings

LEGEND: PEZA STATUS

ACCREDITED UNDER APPLICATION NON-PEZA

Leased Leased Leased

Under Negotiations Under Negotiations Under Negotiations

Vacant Vacant Vacant

29
 PEZA Status
By District | FY 2018E to 2023E

Total PEZA-Accredited space: 1,367,753 sqm (32 buildings) 3.78M sqm

Total space under application for PEZA: 1,946,994 sqm (63 buildings) Total supply
Total non-PEZA space: 465,522 sqm (23 buildings) FY 2018-2023E

30
*Gross Leasable Area in thousands (sqm)
Metro Manila Current Supply
Developer Market Share (1960’s to 2017)

31
Metro Manila Supply Pipeline
Developer Market Share (2018E to 2023E)

32
Metro Manila Rental Range
PhP/ sqm / month

8-year boom in rental rates.

Rents will continue to move upward this 2018
as new deals are done at higher rates than
immediately preceding transactions.
 Land Values
By District | FY 2016 to 2017 YTD

Land values are at its all time high in Makati City and Bonifacio Global City

Y-o-Y
Accommodation
Land Values Land Values Accommodation Increase
Business *FAR Value
PhP/sqm PhP/sqm Value GFA/sqm %
District Range GFA/sqm
2016 2017 YTD 2017 YTD (2016 vs.
2016
2017 YTD)

Arca South 6–8 210K – 280K 35,000 250K – 280K 35,000 -

Bay City 6 198K 33,000 250K 41,666 26.26%

Bonifacio
Global City
6 – 15 360K – 900K 60,000 * 480K – 1.2M * 80,000 33.33%

Filinvest
City
6 – 14 120K – 280K 20,000 144K – 365K 27,000 35%

Makati City 6 - 16 300K – 800K 50,000 400K – 1M 62,500 25%

Ortigas N/A 200K – 350K N/A 250K – 400K N/A 15%

* Presence of live buyers at 80,000 AV, but no sellers

34
RESIDENTIAL MARKET
 Residential Demand Driver
2016 OF Remittances has seen a growth of 5% y-o-y or USD 27B from 2015’s USD 26B. 60% of remittances is being
invested into the real estate sector.
As interest rates collapse, more residential condominium units are introduced to the market and more money from OF
remittances are channeled into real estate.

30,000 25

25,000
20
OF Remittances USD Millions

20,000

Bank Interest Rates

15

15,000

10
10,000

5
5,000

- -

OFW Remittances Interest Rates

(in Millions USD)

Source: Bangko Sentral ng Pilipinas, LPC Research

36
 Metro Manila Condominium Prices
PhP per sqm

Sustained demand and limited supply of high-end condominiums in Makati City and Bonifacio
Global City pushed prices to an all-time high, peaking at a little over PhP 300,000 per sqm.

Source: LPC Research

37
 Initial vs. Current Price per Sqm
Selected Residential Condominiums

Residential Year Launch Price FY 2017 Price

District Growth
Condominium Launched (per sqm) (per sqm)

Makati City Discovery Primea 2009 PhP 150,000 PhP 322,000 2.15x

The Residences
Makati City 2003 PhP 106,000 PhP 250,000 2.36x
at Greenbelt

Makati City Edades Tower 2017 PhP 130,000 PhP 243,000 1.87x

BGC One Serendra 2008 PhP 108,000 PhP 220,000 2.04x

BGC Arya Residences 2009 PhP 83,000 PhP 220,000 2.65x

Ortigas Center The Grove 2008 PhP 90,000 PhP 140,000 1.56x

Ortigas Center The Pearl Palace Tower 1 2012 PhP 66,000 PhP 125,000 1.89x

Quezon City Escalades at 20th Avenue 2009 PhP 54,000 PhP 135,000 2.52x

Source: LPC Research

38
Luxury Lots – Metro Manila
High End Residential Villages (2010 to 1Q 2018)

316%

39
Land Price in Selected High-end Residential Villages
Per sqm

Prices of land in high-end residential villages have surged in the last 55 years, and are not
foreseen to go down anytime soon.

Dasmariñas San Lorenzo

Year Forbes Park Urdaneta Village Bel-Air Village Ayala Alabang
Village Village

1962 PhP 88.00 PhP 88.00 PhP 75.00 PhP 55.00 PhP 57.00 -

1972 PhP 200.00 PhP 228.00 PhP 195.00 PhP 175.00 PhP 188.00
PhP 170.00
(growth) (2.27x) (2.6x) (2.6x) (3.18x) (3.30x)

1982 PhP 1,500.00 PhP 1,750.00 PhP 1,400.00 PhP 1,375.00 PhP 1,300.00 PhP 300.00
(growth) (7.5x) (7.67x) (7.18x) (7.86x) (6.91x) (1.76x)

1992 PhP 10,500.00 PhP 10,500.00 PhP 6,875.00 PhP 5,550.00 PhP 8,500.00 PhP 10,000.00
(growth) (7.5x) (6x) (4.91x) (4.04x) (6.54x) (33.33x)

2002 PhP 42,000.00 PhP 57,500.00 PhP 41,470.00 PhP 20,428.00 PhP 28,758.00 PhP 22,500.00
(growth) (4x) (5.48x) (6.03x) (3.68x) (3.38x) (2.25x)

2012 PhP 180,000.00 PhP 130,000.00 PhP 85,000.00 PhP 110,000.00 PhP 159,000.00 PhP 65,000.00
(growth) (4.28x) (2.26x) (2.05x) (5.38x) (5.53x) (2.89x)

2017 PhP 345,000.00 PhP 280,000.00 PhP 250,000.00 PhP 260,000.00 PhP 260,000.00 PhP 95,000.00
(growth) (4.28x) (2.15x) (2.94x) (2.36x) (1.64x) (1.46x)

40
 Metro Manila
Upper Middle to Upper Class Residential Villages | High-End Condominiums
The deficit in supply of high-end residential property to the growing affluent market continue to drive prices up.

41
 About
LEECHIU PROPERTY
CONSULTANTS
 MISSION
To deliver superior value and profitable real estate solutions for like-
minded partners through local, dynamic & insightful property-related
expertise in corporate leasing and investments.

To be the advisor of choice who provides the most strategic and

outstanding property-related advice, solutions and services to our
customers. Our company values unity, integrity and passion for excellence.

VISION
Together, our firm, redefines the real estate industry by being a catalyst of
sustainable growth, through principled and expert property consulting
advice and action.
 Our Services

Occupier Project IT-BPM Site Investment Research &

Solutions Leasing Selection Sales Consultancy

The Philippines’ deepest bench of

seasoned real estate advisors & brokers
 Occupier Solutions
Occupier Solutions transactions to date
Closed Deals Live Deals
690,000 SQM 520,000 SQM
Our Clients

IT-BPM Site
Selection Clients
 Project Leasing
We also advise and support landlords, building owners and real estate developers. Our leasing experts
create and implement strategies for finding the right tenant mix and ensure maximum occupancy in a
timely manner. Our real estate brokers have managed to lease more than thirty office buildings in Metro
Manila on behalf of developers.

43 projects
Currently marketing
Total of 917,000 sqm
BGC. Citibank Plaza. Ecoprime. Net Park. Milestone at Fifth Avenue.
Orē Central. The Curve. Twenty-five Seven McKinley. W CityCenter. W Fifth Avenue.
W Global Center. W Office at High Street. High Street South Corporate Plaza I. One Park Drive.
The Finance Centre Retail. G.S.C Corporate Tower. Asian Century Center. Sennett Corporate Center
QUEZON CITY. Hexagon Corporate Center. One Luna Global Connections.
Panorama Technocenter. The SkySuites Towers. Jackman Plaza I.T. Center. MPIRE Center
ALABANG. Asian Star Building. One Griffinstone Building
MAKATI CITY. Frabelle Corporate Plaza. Liberty Plaza. M1 Tower. MJ Corporate Plaza. Nex Tower.
ORTIGAS. St. Francis Square. Ortigas Technopoint Two.
BAY AREA. DoubleDragon Plaza. Nexgen Tower. Harton Corporate Center
CAVITE. Suntech iPark. CBC Asia Technozone
CEBU. Latitude Corporate Center. Mabuhay Tower. Mabuhay Tower CBP
Looking to exclusively handle more project leasing appointments
across the Philippines in 2018
 Investment Sales
Notable deals closed in 2016, 2017 and 2018 include:
✓ Sale of prime 10-hectare property along C-5
✓ Arranged joint development of prime 1.3-hectare property in Makati
✓ Prime commercial lot sale in Bonifacio Global City
✓ Sale of multiple prime commercial lots in Filinvest City
✓ Office floor sale in Grade AAA building along Ayala Avenue, Makati
✓ Sale of 4 office floors in Grade B+ office building along Ayala Avenue
✓ Prime residential apartment building sale in Salcedo Village, Makati
✓ Sale of shares of boutique developer with assets in Makati
✓ Sale of office floors in Ortigas Center
✓ Sale of office floors in Filinvest City, Alabang
✓ Long-term land lease for a hospitality chain
✓ Industrial land sale to an industrial developer in South Luzon
✓ Long-term warehouse and land leases for large logistics companies

LPC looking to transact approximately PHP 25 billion or

USD to PHP
$1 : PHP 53 USD 470 Million in 2018
 Research and Consultancy

Our research and consultancy arm allows us to offer to clients a full suite of consulting services
that include business planning, highest and best use studies, market research, project
conceptualization, and project feasibility.

Completed Projects – Highest and Best Use Study

Central Business District:
Taguig and Muntinlupa

Project Cost of Mixed Use developments:

Lakewood, Cabanatuan
PhP 80.9 billion Batulao, Batangas
or USD 1.5 billion Hacienda Looc, Batangas
USD to PHP $1 :53 PHP
Pueblo de Panay, Roxas City
Business Park, Dumaguete City
Matina, Davao City
West Palawan, Puerto Princesa
 CBRE Strategic Alliance with
Leechiu Property Consultants

Source: CBRE Website

 Our Insights. Your Success.

Real Estate Options

DISCLAIMER:
1. This Leasing Material has been prepared in good faith and with due care by LPC solely for the information of potential lessees to assist them in deciding whether they are interested in the premises offered for lease.
2. The information does not form part of any offer or contract and is intended as a guide only
3. You should not rely on any material contained in this Leasing Material but should make independent investigations to satisfy yourselves as to the correctness and relevance of any statements or representations, and consult with legal, financial and tax advisers where
appropriate.
4. All calculations including, but not limited to dimensions, area and rent, contained in the Leasing Material are based on figures provided to the client by outside sources and have not been independently verified by LPC and therefore may not be correct, complete, or
relevant
5. No representation or warranty is made by LPC as to the accuracy or completeness of the Leasing Material, in whole or in part. No liability for negligence or otherwise is assumed by LPC or the lessor of this property for any information contained in the Leasing Material
6. All Dollar ($) amounts quoted, if any, do not include any goods and services tax, value added tax, consumption tax or similar tax unless specifically stated in writing
7. Except as expressly indicated herein, LPC does not undertake any obligation to advise you of any changes or updates with respect to the information contained herein