Tourism attached agency Duty Free Philippines Corporation (DFPC) is set to welcome the Chinese New Year of the Metal Rat with a 2-day SALE at its flagship Fiestamall store in Parañaque City. Customers will get to enjoy exciting discounts of as much as 30% from a wide range of regular priced items on January 25-26, 2020.
Arriving international travelers, overseas Filipino Workers (OFWs) and balikbayans are invited to come to the Fiestamall with their families to witness the traditional Chinese blessing and lion dance ceremony happening this Saturday, January 25, at 11am onwards.
The Fiestamall offers a wide range of perfumes and cosmetics, fashion, sporting goods, home, appliances, toys, confectionery, wines, spirits and grocery items with a selection of the world’s prestigious brands. Store hours is from 10am to 9pm. The customer registration counter will open at 9am.
To know more about Duty Free Philippines and the sale event, please call these numbers 8552-4337 local 3132/8552-4375 (and look for Ms. Xiao)
2019 was a strong year for the real estate sector. Major cities all over the Philippines have shown interesting performance, and this has led to more opportunities in the office, residential, and retail sectors nationwide.
Let’s take a look at what happened in 2019 on Lamudi’s real estate platform:
The Year in Review: What Property Seekers Looked for
Property seekers on Lamudi are more interested in buying (60.59%) than renting (39.41%), with their budget able to accommodate for-sale properties up to Php 20 million or for-rent properties up to Php 1 million. In the more affordable segment, the majority of seekers look into the Php 5,000 up to Php 15,000 price range.
Most Popular Cities
Seekers are not just interested in properties in Metro Manila. The most in-demand cities of 2019 are Quezon City, Makati, Manila, Cebu City, and Taguig. In 2018, Quezon City was also the most-searched city in terms of location, accessibility, and livability.
Cebu City is one to watch, as residents from this city account for 87.56% of pageviews generated in Visayas.
According to the Q1 2019 Cebu Property Market Report of Colliers International Philippines, the growth of BPO industries helps fuel the economy of Cebu and encourages investments for the development of more office spaces. Investments in Cebu’s BPO and IT-related industries have also fueled the demand for horizontal and vertical residential developments.
The high influx of tourists coming to Cebu City has also propelled a higher demand for condominiums in the area. With the growth of BPO hubs in the city, millennials, who make up 43.98% of Visayas’ pageviews, are also drawn to the region for work opportunities and potential property ownership.
Most Popular Property Type
Lamudi seekers inquired about condominiums the most, with over 39.24% of total leads. Condominiums may be utilized as one’s primary residence or as a rental investment. With the increasing demand for condominium units in metropolitan areas, it is advisable to buy during the pre-selling period as the property value of condominiums increases near the development’s completion.
Top Overseas Location of Property Seekers
Seekers located in Dubai have a strong interest in Philippine real estate, followed by Doha and Sydney. Overseas seekers mostly search for houses (30.58%) compared to other residential types, with 38.66% interested in buying and 16.73% interested in renting. One explanation for the sustained growth from Dubai, which was also the top overseas city in 2018, can be attributed to OFWs wanting to buy their own property to settle in once they get back to the Philippines. Filipinos are also searching for houses or condominiums as an investment opportunity in the Philippines.
Top Provincial Cities
Provincial cities have also shown a strong interest in real estate properties, particularly Cebu City, Bacoor, Davao City, Angeles, and Antipolo.
Real Estate Supply
The growing demand for properties has led to an increase in listings on Lamudi. In Metro Manila, Quezon City has the most number of listings.
Paranaque City had the biggest growth of listings within Metro Manila, with a 292% increase from the 1st quarter of 2018 to the 1st quarter of 2019.
Development in provincial cities has also contributed to the supply, showing an increase in listings from areas such as Angeles City in Pampanga. Naic, Cavite also had a significant increase in listings (886%) from the 4th quarter of 2018 to the 4th quarter of 2019.
For 2019, the most popular property type listed on the platform was house and lot.
Noteworthy Listings
The most expensive property posted on Lamudi is a 23-hectare vacant lot in Roxas Boulevard. This is comprised of two lots combined for a total land area of 231,751.16 sqm. It is currently for sale at a whopping Php 81.1 million (Php 350, 000 per square meter). The lot area is close to Okada Manila, the CCP Complex, and Hotel Sofitel.
The smallest property posted was a parking stall in Bel-Air that measures 5 square-meters.
Another small property listing is a small store space measuring 2.5 square-meters located in Gatchalian Subdivision, Las Pinas City.
The most-viewed property on Lamudi was a three-bedroom townhouse located in Mendez Crossing East, Tagaytay City. The idyllic Tagaytay house has a floor area of 50 sqm, three bedrooms, one bathroom, and a car parking space. The house is currently being sold for Php 1.8 million.
Rejoice to a beginning of abundance, good fortune and genuine happiness at Crowne Plaza Manila Galleria. The hotel’s Chinese specialty restaurant, Xin Tian Di, has prepared a medley of authentic dishes to welcome the auspicious year of the metal rat.
For an intimate gathering, a family of four can have the Wealthy Menu – Start off with a serving of Fortune Yu Sheng or cold cuts combination, while perfect to warm one’s stomach is a choice of Dried Scallop, Fish Maw and Shredded Sea Abalone soup or Double-Boiled Conch Meat, Chicken, Coconut with Conpoy Soup. To signify abundance, main course include Deep Fried Crispy Sea Bass Fillet with Teriyaki Dressing, Steamed King Scallop with Taoso, Braised E-fu Noodle with Crab Meat and Assorted Seafood with Egg White, Fried Organic Rice with Veal and Asparagus in Abalone Sauce, and Xin Tian Di’s famous Roasted Duck with Plum Sauce. End with a sweet note with Pan-Fried Sweet Glutinous Rice Cake and Sweet Almond Ginger Tea. The Wealthy Menu starts at PhP12,888.00++.
The Fortune Menu is fit for a generous family of ten starting at PhP26,888.00++. Aside from the appetizer, soup and dessert, the menu features Roasted Peking Duck Two-way, Stir Fried Tiger Prawn with Superior Soup and Garlic, Stewed Home-style Pork Knuckle “Patatim Style”, Work-Fried Norway Salmon Fillet with Golden Garlic and Salted Egg, Wok-Fried Minced Duck in Lettuce, Braised E-fu Noodle with Crab Meat and Assorted Seafood with Egg White and Friend Organic Rice with Veal and Asparagus in Abalone Sauce.
Order a special round Tikoy is also available for only PhP1,088.00++ per piece, available in original, ube and pandan flavors. Known to be a significant part of Chinese New Year, Tikoy usually signifies wealth and prosperity and usually given to relatives and closest friends.
Offers are available until January 31, 2020. For inquiries, call Xin Tian Di at 8633-7222 or email fandb.reservations@ihg.com. Like the hotel’s Facebook page: www.facebook.com/crowneplazamanilagalleria and follow their Instagram account: @crowneplazamanilagalleria for hotel updates and other promotions.
About Crowne Plaza® Hotels & Resorts
Part of the IHG global portfolio, our Crowne Plaza hotels are ready 24/7 with premium accommodation, business-ready services and spaces, and fast and fresh food that keep guests productive, connected, rested and restored during their stay. As the fourth largest upscale full-service hotel brand in the world and one of the fastest growing, the Crowne Plaza brand has a solid foundation for future growth. The portfolio stands at nearly 423 hotels, and the global pipeline has nearly 88 hotels. At Crowne Plaza® Hotels & Resorts we believe business travel should work better. In every market in the world, business has changed, and so has work. It’s more digital, more flexible, more mobile, more connected. As one of the world’s largest upscale brands, we have properties located in major urban centres, gateway cities and resort destinations all around the globe.. Our Sleep Advantage® program ensures our guests get a great night’s sleep to power through their day. For reservations at Crowne Plaza properties, visit www.crowneplaza.com or call 1-800-2CROWNE. Connect with us on Twitter: www.twitter.com/crowneplaza or Facebook: www.Facebook.com/crowneplaza.
With over 15 hotel brands, IHG (Intercontinental Hotels Group) is one of the world’s leading hotel companies, whose purpose is to provide True Hospitality for everyone
IHG franchises, leases, manages or owns 5,518 hotels and 825,746 guest rooms in nearly 100 countries and territories. With 1,828 hotels in its development pipeline, IHG expects to add nearly 267,235 rooms across its brands portfolio over the next few years.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales.
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