Logo of Phnom Penh Post newspaper Phnom Penh Post - Quezon City houses, Makati condos Philippines’ ‘most searched’ in 2018

Quezon City houses, Makati condos Philippines’ ‘most searched’ in 2018

Content image - Phnom Penh Post
Strategically located at the heart of Quezon City and connected by major thoroughfares, Vertis North provides optimum connectivity with seamless transport system links accessible to and from various city centres. VERTIS NORTH/PHILIPPINE DAILY INQUIRER

Quezon City houses, Makati condos Philippines’ ‘most searched’ in 2018

PEOPLE looking for residential property last year were most interested in homes in Quezon City, indicating that the Philippines’ largest city remained the top choice for homebuyers and renters, according to online real estate platform Lamudi.

In a statement, the company said that other cities that followed Quezon City in the “most searched locations” category – by website visits, page views and inquiries – were Paranaque, Las Pinas, Cebu and Pasig.

“It was not much of a contest, however, as the numbers from all three indicators for Quezon City outperformed the next ranking Paranaque,” Lamudi said. “This showed that people are very much inclined to take up residence in the country’s largest city.”

The company noted, however, that the majority of house property seekers were from Quezon City as well, being mostly females aged 24 to 35 years old.

“Judging by the locations searched, most people are looking for homes near central business districts [CBDs],” it added.

Meanwhile, Lamudi said that online search for condominium units was dominated by locations in Makati City “probably because most desirable condo units are situated within or quite close to CBDs”.

“This was the only category which Quezon City, as a specific location, did not top as Makati City took the top spot,” the company said. “Curiously, Quezon City – and not the other cities having better known financial districts – placed second.”

The data were released recently as part of Lamudi’s report on the Philippine real estate industry across the house, condo, foreclosed property, land and apartment categories.

The report also released that, while the most significant highlights of Philippine real estate last year were focused on Metro Manila, the country’s overall real estate industry remained resilient and maintained a positive investment environment.

Other parts of the country, especially the emerging cities of Iloilo, Clark (Pampanga) and Davao, also demonstrated a substantial improvement in their property industries.

“These can be attributed in part to the national government’s aggressive ‘Build, Build, Build’ programme and warmer Philippine-China relations, as it brought along a surge in real estate demand from Philippine Offshore Gaming Operation and business process outsourcing firms,” Lamudi said.

For parties interested in acquiring land, Quezon City ranked the highest by a small number of online searches.

This trend continued when it came to property seekers’ area of residence, where Quezon City was only beaten marginally by the combined searches for the next three lower-ranked cities.

Similarly, property seekers – mostly from densely populated locations – looking for foreclosed real estate were most interested in Quezon City locations.

Finally, searches for apartments also showed a marked preference for locations in Quezon City, followed by Makati, Manila, Cebu and Pasig. PHILIPPINE DAILY INQUIRER/ANN

MOST VIEWED

  • Archeologists find ancient phallic statue

    An archeological team has found a metre-long tipless stone linga (penis) of the Hindu deity Shiva in the foundations of a temple in Kratie province’s historical Samphu Borak area, a former capital of the pre-Angkor Empire Chenla period. Thuy Chanthourn, the deputy director of

  • Man arrested for fake PM endorsement

    The owner of currency exchange company GCG Asia Co Ltd was temporarily detained by the court yesterday for attempted fraud after Prime Minister Hun Sen reacted to the company using his name and pictures to allege his endorsement of the firm. Phnom Penh Municipal Court

  • Sihanoukville authority orders structure dismantled

    The Preah Sihanouk provincial administration has ordered owners of two unauthorised construction sites to immediately dismantle them and warned of legal action if the owners failed to comply. Ly Chet Niyom, development management and construction bureau chief at the provincial hall, told The Post on

  • Police seek arrest of Chinese ‘gang’

    Cambodian police remain on the lookout for 20 Chinese nationals who earlier this month posted a video clip threatening to stoke insecurity in Preah Sihanouk province, though the Chinese Embassy in Phnom Penh maintained the group posed no threats to Cambodia’s national security. National Police