News

How to Use Property Management Tech to Create Better Resident Experiences

The relationships that property managers have with residents have, historically, not always been the most personal. The manager might show a prospective applicant a unit and walk them through the leasing process in person—but after that, their interactions may be limited to the occasional phone call or text message with a maintenance request. Now, new[…]

How China’s love of online betting is boosting the Philippine property sector

The country has become a magnet for Chinese online gambling operators, barred from setting up shop at home and stifled in Macau by measures aimed at curbing the spending of wealthy mainlanders. Warmer relations between Beijing and Manila under President Rodrigo Duterte have underpinned the influx; Chinese gaming firms took up 30% of the 775,000sq[…]

JLL Sees Further Growth in Property Markets in PH and other SEA Nations

Southeast Asia continues to be one of the fastest growing markets in the world today- and is set for further outperformance for the 2 nd half of 2018. This is the gist of JLL’s findings which drilled down on the key themes and factors affecting investments in several Southeast Asian cities, including the Philippines. Faster[…]

Demand from Chinese drives up rental rates in Makati, Bay Area

CHINESE employees of offshore gaming companies are pushing rental rates by 30% to 50% higher in some residential condominium properties in the Bay Area and Makati City, as the offshore gaming sector continues to expand in the country. This is according to the Philippine unit of real estate consultancy Colliers International, which noted that rental[…]

Dot Property still bullish about PH property market

Dot Property, a digital media company serving property seekers, remains optimistic about the Philippines’ property market despite rising interest rates and other external risks. The Filipino market’s strong appetite for residential properties can be seen in the high traffic of visitors on its website, an online marketplace for properties. In a briefing Wednesday, Dot Property[…]

Lodgify raises $5M to decentralize the vacation rental industry

Today, we’re excited to share our biggest internal news to date – we’ve just raised $5 million in Series A funding to continue building direct channel technology for the vacation rental industry. This new capital injection marks an important endorsement of Lodgify’s strategy, and we’re looking forward to the opportunities it will bring. Above all,[…]

Makati & BGC preferred locations for flexi workspaces

PROPERTY consulting and management firm JLL Philippines reported on May 21 that 2,000 new seats from flexible workspaces in Metro Manila were completed annually between 2014 and 2017. Janlo de los Reyes, JLL Philippines head of research and consulting, said that Makati and the Bonifacio Global City are the most preferred locations to establish flexible[…]

Revolution Precrafted enters European market

REVOLUTION PRECRAFTED Philippines, Ltd. is on track to expand to 25 markets by the end of the year, announcing on Tuesday its entry into Europe through a partnership with a Barcelona-based firm. In a statement, the property technology firm said it is partnering with Spanish firm BC Estudio for the supply of $52 million worth[…]

Philippines #1 Country for Property Investment

Buying a rental property is a wise way to earn passive income. As a landlord, you’re getting paid to own something, rather than paying to own it. The mortgage is often covered by rental income from tenants, and if you play your cards right you’ll profit after covering insurance, taxes, and maintenance costs. But while[…]

Alvarez calls for more homestay accommodations in Palawan

Governor Jose Chavez Alvarez has urged Palawan’s tourism stakeholders to develop homestay accommodations in the province in anticipation of a surge in the province’s tourist arrival after the closure of Boracay Island in Aklan. “Malaki ang problema natin, it is a happy problem. Dapat ready tayo dahil ang problema ng Boracay ay opportunity ng Palawan.[…]

Zillow’s Rascoff on the future of his $10B company

Spencer Rascoff doesn’t often share his secret sauce. But in a new, wide-ranging interview, the CEO of Zillow provided the most detailed look yet at the strategy that’s made the company a $10 billion listings giant. The big insight, Rascoff said to Forbes, was betting it all on mobile in 2007, after watching Apple CEO[…]

Australian Airbnb support startup HappyCo just raised $14 million

Property management software startup HappyCom, founded in Adelaide and now based in San Francisco, has just raised $US10.8 million ($A14 million) in equity funding to further develop its platform. The Series A round was led by Sydney-based Alium Capital Management, which specialises in pre-IPO companies. Investors included Australia-based Tempus Partners and PieLab Venture Partners, as[…]