{"id":30307,"date":"2016-10-17T13:52:57","date_gmt":"2016-10-17T06:52:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-philippines-just-had-a-slight-setback-in-condo-inflation\/"},"modified":"2016-10-17T14:20:35","modified_gmt":"2016-10-17T07:20:35","slug":"the-philippines-just-had-a-slight-setback-in-condo-inflation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-philippines-just-had-a-slight-setback-in-condo-inflation\/","title":{"rendered":"The Philippines just had a slight setback in condo inflation"},"content":{"rendered":"<p>&#013;<br \/>\nPrices outside the nation\u2019s capital still growing however<br \/>\nBurgos Circle at Fort Bonifacio in Manila, Philippines. ARTRAN \/ Shutterstock.com<br \/>\nThe Philippines\u2019 central bank released its second-ever residential real estate price index (RREPI) on Friday, with data showing that price growth in condominiums across the archipelago has taken a slight step back.<br \/>\nAlthough residential property prices rose 11.3 percent year-on-year in the second quarter, condominium unit values fell 0.1 percent at the same time. For perspective, a 17.4 percent increase in condominium prices was recorded in the second quarter of last year, according to the country\u2019s maiden RREPI, released in June.<br \/>\nCondo prices in Metro Manila, the national capital region (NCR), fell 0.2 percent on the year in the second quarter, while those in areas outside the national capital region (AONCR) rose 0.1 percent. Housing prices in areas outside the capital in fact grew 18.4 percent across the board, while those in NCR only inched up 2.7 percent.<br \/>\nMore: Two Philippine fast-food titans team up to build a shopping mall empire<br \/>\n\u201cThis is due largely to the higher rates of increase in prices of single detached housing units and townhouses in AONCR compared to those of NCR,\u201d the Bangko Sentral ng Pilipinas (BSP) said in a statement.<br \/>\nCondo units were the most ubiquitous house purchases in Metro Manila, the central bank added. Around 41.2 percent of residential property loans around the country in Q2 this year were for condominiums, while 50.1 percent were for single detached homes, the preferred type of housing for buyers outside the capital. Around 8.4 percent obtained loans for townhouses.<br \/>\nThe RREPI, which calculates its data from housing loans granted by banks, rose to 122.8 year-on-year in the second quarter, compared with 110.3 in Q2 2015.<br \/>\nRead next: How Davao became hot property in the Philippines&#013;<br \/>\n&#013;<br \/>\nSource : property-report.com&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.property-report.com\/the-philippines-just-had-a-slight-setback-in-condo-inflation\/\" target=\"_blank\">The Philippines just had a slight setback in condo inflation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Prices outside the nation\u2019s capital still growing however Burgos Circle at Fort Bonifacio in Manila,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-30307","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7SP","jetpack-related-posts":[{"id":120021,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-ranked-123rd-out-of-150-countries-for-residential-price-growth\/","url_meta":{"origin":30307,"position":0},"title":"Singapore ranked 123rd, out of 150 countries for residential price growth","date":"January 14, 2021","format":false,"excerpt":"\r Residential property prices in Singapore climbed by just 0.7% year-on-year in the third quarter of 2020. The Philippines topped the ranking, with its capital, Manila, posting a 34.9% year-on-year increase in residential property prices. Singapore has been ranked 123rd out of 150 countries as residential property prices in the\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Residential-apartments-in-Singapore-v2-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-metro-manila-remains-phs-real-estate-hub-despite-its-problems\/","url_meta":{"origin":30307,"position":1},"title":"Why Metro Manila remains PH\u2019s real estate hub, despite its problems","date":"May 9, 2016","format":false,"excerpt":"\r \u201cWe\u2019re in a period of transition\u201d The National Capital Region, or Metro Manila, remains the Philippines\u2019 economic and real estate hub In Part Two of this\u00a0four-part series, take a look at the rapid progress in the\u00a0real estate sector in the Philippine capital, Metro Manila When John Forbes, senior advisor\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29163,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippines-real-estate-sector-in-need-of-alternative-funding\/","url_meta":{"origin":30307,"position":2},"title":"Philippines\u2019 real estate sector in need of alternative funding","date":"October 8, 2016","format":false,"excerpt":"\r No housing bubble on the horizon Metro Manila. PageSeven\/Shutterstock The Philippines\u2019 property market is not in danger of a housing bubble, a ranking official at the central bank reassured investors yesterday, reported BusinessWorld. However, funding for real estate developments remains an area for improvement. \u201cDespite strong demand, some developers\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-davao-became-hot-property-in-the-philippines\/","url_meta":{"origin":30307,"position":3},"title":"How Davao became hot property in the Philippines","date":"October 10, 2016","format":false,"excerpt":"\r Duterte\u2019s former stronghold goes from strength to strength as Manila property firms pivot south Image: Dmitry Kaminsky\/Shuttershock To witness how Davao stands out, a visitor only needs to be there on New Year\u2019s Eve. Thanks to a firecracker ban, revellers toot horns and clang pots. It\u2019s a little less\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/unveiled-philippines-property-awards-2016-official-shortlist\/","url_meta":{"origin":30307,"position":4},"title":"Unveiled: Philippines Property Awards 2016 official shortlist","date":"March 15, 2016","format":false,"excerpt":"\r Top developers from Luzon, Visayas and Mindanao scoop nominations;\u00a0Megaworld Corporation and SM Group lead with a combined 26 nods Will it finally be Megaworld Corporation\u2019s year at the Philippines Property Awards, or will SM Group repeat its triumphant run last year? The Dr Andrew L Tan-led firm received an\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140145,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-ranking-slips-as-manila-is-worlds-hottest-market-for-prime-residential-properties-knight-frank\/","url_meta":{"origin":30307,"position":5},"title":"Hong Kong ranking slips as Manila is world\u2019s hottest market for prime residential properties: Knight Frank","date":"November 3, 2023","format":false,"excerpt":"\r The Philippines\u2019 capital Manila has overtaken Dubai to become the hottest market globally for prime residential properties in the September quarter, according to a report that ranks the world\u2019s major cities by price appreciation recorded over the past 12 months.\r \r Source : South China Morning Post\r Read more...Hong\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/30307"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=30307"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/30307\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=30307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=30307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=30307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}