Residential houses attracted the largest share of leads out of all other property types throughout the year, and had also sustained the highest quarter-on-quarter growth as of the second quarter, according to real estate buy-and-sell online platform Lamudi.
In Metro Manila, the top viewed cities were mostly central business districts, the company said, while the most viewed cities in Luzon were regional hubs in Baguio, Angeles in Pampanga and cities close to the fringes of the metro.
The cities in the highly urbanized Cebu attracted the most views in Visayas in the second quarter, while Davao City and Cagayan de Oro continue to be the most searched cities in Mindanao, along with the vacation spots Samal Island and General Luna.
“The leading overseas sources of pageviews in Southeast Asia remained consistent, with Singapore and Kuala Lumpur taking the lead. In North America, the top seekers have fluctuated between Los Angeles and Toronto in the same period,” the company said.
“London and Copenhagen were consistently part of the top five property seekers from Europe from second quarter of 2020 to second quarter of 2021, while Dubai, Doha and Riyadh continued to be the three largest sources of pageviews from the Middle East.”
The Mega Manila subway, which is already being constructed, is beginning to make an impact on the property along its path.
“Most property seekers from the Philippines looking into properties in the developing subway station areas were primarily from Quezon City, while Singapore contributed the most pageviews from overseas. Nearly half of the planned subway stations will be developed in Quezon City,” it said.
Residents of the area will benefit from more alternative travel modes as well as linkages to existing rail stations.
“With demand for properties in the area continuing to rise and prices expected to as well, investors and developers may do well to consider maximizing current land values and pursuing available properties nearby and developing projects that complement the station,” it said.
“Singapore continues to be an important trade partner of the Philippines. In 2019, Singapore was the Philippines’ top international investor and host to 4 percent of all overseas Filipino Workers.”