As the real estate market has slowed down and prices are relatively reasonable, property consultants and research analysts have had mixed views about developers buying sizable parcels of land.
The average occupancy rate at selected serviced apartments was 72 per cent in the fourth quarter of 2011, an improvement from 70 per cent in the previous quarter and 66 per cent a year earlier. Average room rates per night during the fourth quarter was RM277 (US$90), a decline from the RM288 (US$94) recorded in the previous quarter.
The World Bank has reported a shift toward non-bank financing in the Philippines which has required careful monitoring of the developer’s exposure.
Inquierer.net has reported the Philippine real estate market as possibly facing oversupply risks. While the market is generally stable, the Philippine Institute for Development Studies states that “ownership of dwellings and real estate has been growing steadily at high single-digit rates from 2006 to 2011 except for a relatively low 1.4 per cent growth in 2009.”