{"id":4065,"date":"2016-02-08T16:00:44","date_gmt":"2016-02-08T09:00:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-unchanged-lending-standards-mean-for-philippine-real-estate\/"},"modified":"2016-02-08T16:03:10","modified_gmt":"2016-02-08T09:03:10","slug":"what-unchanged-lending-standards-mean-for-philippine-real-estate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-unchanged-lending-standards-mean-for-philippine-real-estate\/","title":{"rendered":"What unchanged lending standards mean for Philippine real estate"},"content":{"rendered":"


\nRates for the previous 13 quarters were constantly revised and tightened
\nImage courtesy of GMAnews.tv
\nLending rates in Philippine banks for the commercial real estate and housing sectors remained unchanged in Q4 2015, reflecting stability in the property industry.
\nCiting a recent survey conducted by the Bangko Sentral ng Pilipinas (BSP), the Philippine Star reported that overall credit standards of 20 respondent banks kept their rates in the last quarter of 2015.
\nAccording to Ruby Anne Lemence, bank officer at BSP\u2019s Department of Economic Research, this meant that there was a tolerance for risk and a more stable economic outlook.
\nIn addition, the profiles of real estate borrowers in the Philippines remained unchanged, allowing banks to stick to existing loan provisions, but with firm collateral requirements, wider loan margins, increased use of interest floors.
\nThe last 13 quarters saw banks tighten lending standards in the commercial and housing sectors to avoid potential losses.
\n\u201cThe net easing of credit standards for housing loans was attributed by respondent banks to their increased tolerance for risk and the improvement in the overall profile of borrowers,\u201d the BSP told local media.
\nThe central bank also said that there were \u201cno riskes from the real estate market yet\u201d following a stress test in early January, Rappler.com reported.
\nIt has been noted by BSP that local real estate developers became more \u201cprudent\u201d with their expansion plans and loan strategies after witnessing the Asian financial crisis in the late 1990s.
\nRead next: 3 golden growth opportunities in the PH property sector this 2016
\n
\nSource : property-report.com
\nRead more…What unchanged lending standards mean for Philippine real estate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rates for the previous 13 quarters were constantly revised and tightened Image courtesy of GMAnews.tv...<\/p>\n","protected":false},"author":1,"featured_media":4066,"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-4065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/GMAnewstv.jpg?fit=740%2C490&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-13z","jetpack-related-posts":[{"id":27584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-risk-of-crisis-despite-surge-in-philippine-property-loans\/","url_meta":{"origin":4065,"position":0},"title":"No risk of crisis despite surge in Philippine property loans","date":"September 28, 2016","format":false,"excerpt":"\r 75 percent of H1 property loans went to developers and contractors qvist\/Shutterstock Real estate loans released by financial institutions in the Philippines reached PHP1.138 trillion (USD23.6 billion) in the first six months of this year, an almost 20 percent jump from the same period last year, data released Friday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6314,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phl-lacks-5-million-affordable-housing-units-and-thats-just-the-beginning\/","url_meta":{"origin":4065,"position":1},"title":"PHL lacks 5 million affordable housing units \u2013 and that\u2019s just the beginning","date":"February 29, 2016","format":false,"excerpt":"\r While developers focus on the luxury residential market, the need for affordable housing in the Philippines grows ever more pressing Affordable housing is major concern for the Philippines. According to the latest census in 2010, the nation is home to 92.3 million souls and the majority of these people\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-helped-speed-up-the-philippine-economy-last-year\/","url_meta":{"origin":4065,"position":2},"title":"Real estate helped speed up the Philippine economy last year","date":"January 27, 2017","format":false,"excerpt":"\r Ambitious\u00a0GDP targets already set for 2017 Makati, the financial district of metropolitan Manila. r.nagy\/Shutterstock The property sector played no small part in driving the Philippine economy to one of its fastest growth rates last year. Real Estate, Renting & Business Activities (RERBA) in the Philippines grew 9 percent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-golden-growth-opportunities-for-the-philippine-real-estate-sector\/","url_meta":{"origin":4065,"position":3},"title":"3 golden growth opportunities for the Philippine real estate sector","date":"January 28, 2016","format":false,"excerpt":"\r What\u2019s next for the country\u2019s property industry in 2016? Metro Manila | Image credit: TheStandard.com.ph Given the upward trend witnessed in the Philippines\u2019 real estate sector in the past 12 months, industry experts are optimistic that the growth will be sustained this year. The country\u2019s thriving capital, Manila, saw\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Metro-Manila_TheStandard.com_.ph_.jpg?fit=740%2C482&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":105331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-home-buyers-return-in-droves-as-banks-kept-mortgage-rates-unchanged-amid-a-dovish-monetary-policy\/","url_meta":{"origin":4065,"position":4},"title":"Hong Kong\u2019s home buyers return in droves as banks kept mortgage rates unchanged amid a dovish monetary policy","date":"March 23, 2019","format":false,"excerpt":"\r Hong Kong\u2019s property buyers are back in droves, as commercial banks kept the city\u2019s mortgage rates unchanged amid a dovish policy stance by the local monetary authority.Across the city, four property projects with 891 flats in total were offered for sale in Lohas Park, To Kwa Wan, Yau Tong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135629,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-in-one-grand-jete-post-bumper-sales-as-homebuyers-rush-back-after-banks-held-mortgage-rates-unchanged\/","url_meta":{"origin":4065,"position":5},"title":"Hong Kong property: In One, Grand Jete post bumper sales as homebuyers rush back after banks held mortgage rates unchanged","date":"March 25, 2023","format":false,"excerpt":"\r The long queues were a welcomed sight for Hong Kong\u2019s developers and agents, as rising rates combined with the Covid-19 pandemic to knock the city\u2019s property bull market off its footing.\r \r Source : South China Morning Post\r Read more...Hong Kong property: In One, Grand Jete post bumper sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/4065"}],"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=4065"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/4065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/4066"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=4065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=4065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=4065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}