Determining the Housing Demands of BPOshda.ph/wp-content/uploads/2016/09/2-Colliers-SHDA...2016/09/02 · Determining the Housing Demands of BPO Workers Subdivision & Housing Developers

Determining the Housing Demands of BPO

WorkersSubdivision & Housing Developers Association National ConventionSeptember 22, 2016

Overview of the IT-BPO Market

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1.5

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15.0

20.0

25.0

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.402

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20

05

20

06

20

07

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20

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20

10

20

11

20

12

20

13

20

14

20

15

E*

In U

S$ B

n

No

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f F

TE

in

Millio

ns

Source: IBPAP, Colliers International Research

BPO Market ConditionsPhilippine BPO Industry Performance

• IBPAP: FTEs reached 1.14M

(+14%), with revenues of US$22B

(+16%) in FY2015

2012 2013 2014 2015e 2016e

Direct Employment 777,000 917,000 1,071,000 ~1,200,000 1,385,000 - 1,440,000

Contribution to GDP (%) 5.3% 5.7% 6.6% ~7.5% 7.3 - 7.6%

Global Share of IT / BPM (%) ~10% ~11.3% ~12.3% ~13% ~13.5 - 14.0%

5

BPO Market ConditionsNext Wave Cities 2015

Source: IBPAP 2015

Centers of Excellence

Metro Manila

Metro Cebu

Clark

Bacolod

Davao

Iloilo

Next Wave Cities Emerging Cities

Baguio Balanga, Bataan

Cagayan de Oro Batangas City

Dagupan Iriga

Dasmarinas Laoag

Dumaguete Puerto Princesa

Lipa City Roxas

Malolos Tarlac

Naga Tuguegarao

Sta. Rosa Legazpi

Taytay Zamboanga

These IT hubs are

ranked based on talent

availability, infrastruct

ure, good business

environment, and cost

competitiveness.

8

BPO Market ConditionsPhilippine BPO Industry Performance

Source: DART Institute

Percentage of BPOs and SSCs

BPO SSC

BPO Worker Types

Based on Skill

2015 2022

No. of FTEs % of Total No. of FTEs % of Total

Low Level FTEs 473,000 43% 445,000 25%

Mid Level FTEs 468,000 43% 838,000 47%

High Level FTEs 160,000 15% 500,000 28%

Total ~1,101,000 100% 1,783,000 100%

Source: IBPAP

Note: FTE refers to Full-Time Employees

The BPO industry has been evolving toward the

higher value skills. IBPAP foresees that a shift into

mid and high level services will be seen in the

coming years. This is a response to growing threats

such as higher costs and automation.

IBPAP forecasts that by 2022, there will be around

1.7 million to 2.1 million BPO Full-Time Employees

(FTEs)

What is the housing demand of those working in the BPO industry?

BPO Housing Demand Estimation

10

Methodology

• The BPO Roadmap to 2022 is still being finalized by IBPAP. Limited information has

been released so far. While the IBPAP foresees that more BPO activity will be found

outside of Metro Manila, no information on the estimates are available as of yet.

• Estimates on the total number of FTEs by 2022 from IBPAP are used.

• The Centers of Excellence and Next Wave Cities identified by IBPAP were referred

to. Since the IBPAP, DOST and other organizations have extensively studied the

strengths of these areas, it is assumed that these areas will see the bulk of BPO activity

and therefore BPO worker housing demand in the future.

• . A survey of BPO workers were conducted by Colliers in Metro Manila, Metro

Clark, Metro Cebu and Davao. The housing preferences of the BPO workers were

obtained through the survey.

• The housing affordability requirements per pricing segment was compared to the

salary ranges of BPO workers per rank to determine the pricing segment most

affordable for each BPO worker rank. This was then compared to their preferred pricing

segment.

Housing Affordability

11

Financing Affordability by Pricing Segment

Pricing

Category

Total Contract Price

(TCP) RangeBALANCE THROUGH BANK FINANCING/PAG-IBIG

Required gross

annual income

Required gross

monthly income

Low High Balance Term

(months)Int. Rate Min Max Min Min

Socialized 0 450,000 100% 180 4.50% 2,677 3,442 123,019 9,463

Economic A 450,001 750,000 90% 180 6.50% 3,528 5,880 163,900 12,608

Economic B 750,001 1,700,000 95% 180 8.59% 7,054 15,989 283,887 21,837

Low Cost 1,700,001 3,000,000 80% 180 8.59% 13,464 23,761 675,916 51,994

Mid End 3,000,000 6,000,000 80% 180 8.59% 23,761 47,521 1,219,556 93,812

High End 6,000,001 and above 80% 180 10.39% 52,732 263,661 2,749,265 211,482

Source: HDMF; Colliers International Research

Note: 15 year term loan refers to 180 months

The required monthly payments per housing segment are based on terms from Pag-Ibig

(socialized to Mid-End) and major banks (High-End). Based on these, the corresponding

required monthly incomes are calculated.


13

Number of Employees and their Intent to Buy

The Full-Time Employee (FTE)

counts per area from IBPAP are

used to forecast the number of

BPO workers by 2022.

A survey of BPO workers in key

areas revealed their intent to

either buy or rent housing as

well as their income levels.

Source: IBPAP; Colliers International Research

City/Municipality Est. No. of FTEs (2015)

Metro Manila 886,500

Luzon 54,700

Baguio 6,000

Dagupan 250

Malolos/Bulacan 250

Metro Clark 20,000

Lipa 1,000

Metro Cavite 10,000

Santa Rosa/Laguna 12,200

Taytay/Rizal 500

Naga 4,500

Visayas 217,000

Metro Cebu 160,000

Bacolod 25,000

Iloilo 21,000

Dumaguete 11,000

Mindanao 38,000

Davao 33,000

Cagayan de Oro 3,500

Total: 1,200,000

Survey Results Cebu Clark DavaoMetro

ManilaOverall

No Intent

Whatsoever12% 12% 12% 8% 4%

Intend to Buy 77% 70% 77% 87% 85%

Intend to Rent 11% 18% 11% 5% 11%


14

Summary Forecasts – Housing for Sale Demand

Source: Colliers International Research

City/Municipality 2016 2017 2018 2019 2020 2021

Metro Manila 47,637 43,378 41,337 51,836 55,493 56,068

Luzon

Baguio 232 262 284 307 332 359

Dagupan 10 11 12 12 13 14

Malolos/Bulacan 10 11 12 12 13 14

Metro Clark 772 873 944 1,021 1,104 1,195

Lipa 38 44 48 51 55 59

Metro Cavite 386 436 473 510 552 598

Santa Rosa/Laguna 471 532 576 623 674 728

Taytay/Rizal 19 22 24 26 28 30

Naga 174 197 213 230 248 269

Visayas

Metro Cebu 6,568 7,429 8,034 8,688 9,397 10,164

Bacolod 1,027 1,161 1,255 1,358 1,468 1,589

Iloilo 862 976 1,055 1,140 1,234 1,334

Dumaguete 452 511 552 597 646 699

Mindanao

Davao 1,367 1,546 1,672 1,809 1,956 2,116

Cagayan de Oro 144 164 177 192 207 224

Total: 60,168 57,550 56,665 68,412 73,420 75,460

The calculations on average demand projections indicate a very high theoretical indicative

demand based on number of workers, their salaries and the prevailing purchase terms.


15

Findings – Preferences vs. Affordability

Source: Colliers International Research

Overall Preferred SegmentSegment they can Afford

Min Max

Rank and

File

Economic B

(P750K - P1.7M)

Economic A

(P450K – P750K)

Economic B

(P750K - P1.7M)

SupervisorsEconomic B

(P750K - P1.7M)

Economic A

(P450K – P750K)

Economic B

(P750K - P1.7M)

Managers Low Cost (P1.7M – P3.2M)Economic B

(P750K - P1.7M)

Low Cost

(P1.7M – P3.2M)

Directors High End (P6M and above)Mid End

(P3.2M – P6M)

High End

(P6M and above)

A disparity in pricing segment preference and what is actually affordable

was observed.

Metro Manila

16

Supply – Demand Gap Analysis

Adjusted Ave. Demand 2016 2017 2018 2019 2020 2021 2022

Socialized (up to 450K) 3,543 3,227 3,075 3,856 4,128 4,171 4,436

Economic (450K – P1.7M) 38,179 34,765 33,130 41,544 44,475 44,936 47,796

Low Cost (P1.7M – P3.2M) 2,835 2,581 2,460 3,084 3,302 3,336 3,549

Mid End (P3.2M – P6M) 3,080 2,805 2,673 3,352 3,588 3,625 3,856

High End (Above P6M) 0 0 0 0 0 0 0

Overall 47,637 43,378 41,337 51,836 55,493 56,068 59,637

Unsold Inventory

(End-Year)2016 2017 2018 2019 2020 2021 2022

Socialized (up to 450K) (3,543) (6,770) (9,845) (13,700) (17,828) (21,999) (26,435)

Economic (450K – P1.7M) (38,179) (72,944) (106,074) (147,618) (-192,093) (237,029) (284,825)

Low Cost (P1.7M – P3.2M) 24,410 21,829 19,369 16,285 12,983 9,646 6,097

Mid End (P3.2M – P6M) 29,448 26,643 23,970 20,618 17,030 13,404 9,548

High End (Above P6M) 11,163 11,163 11,163 11,163 11,163 11,163 11,163

Unsold Inventory (Cumulative) 23,299 (20,079) (61,416) (113,252) (168,746) (224,814) (284,451)

Assuming that no further launches are made as of 2016, the unsold inventory is

adjusted to take into account the demand from the BPO workers.

Metro Clark

17



Socialized (up to 450K) 347 392 424 458 496 537 580

Economic (450K – P1.7M) 412 466 504 545 589 637 689

Low Cost (P1.7M – P3.2M) 5 6 6 7 8 8 9

Mid End (P3.2M – P6M) 8 9 10 11 12 13 14


Grand Total 772 873 944 1,021 1,104 1,195 1,292

Unsold Inventory

(End-Year)2016 2017 2018 2019 2020 2021 2022

Socialized (up to 450K) (347) (739) (1,163) (1,621) (2,117) (2,654) (3,234)

Economic (450K – P1.7M) 930 464 (39) (584) (1,173) (1,810) (2,500)

Low Cost (P1.7M – P3.2M) 1,248 1,242 1,235 1,228 1,220 1,212 1,203

Mid End (P3.2M – P6M) 902 893 883 873 861 848 835


Unsold Inventory (Cumulative) 2,741 1,969 1,096 152 (869) (1,973) (3,168)

Metro Cebu

18



Socialized (up to 450K) 2,031 2,297 2,484 2,687 2,906 3,143 3,400

Economic (450K – P1.7M) 4,468 5,054 5,465 5,910 6,392 6,914 7,480

Low Cost (P1.7M – P3.2M) 46 52 57 61 66 71 77

Mid End (P3.2M – P6M) 23 26 28 31 33 36 39


Grand Total 6,568 7,429 8,034 8,688 9,397 10,164 10,996

Unsold Inventory

(End-Year)2016 2017 2018 2019 2020 2021 2022

Socialized (up to 450K) (2,031) (4,328) (6,812) (9,499) (12,405) (15,548) (18,948)

Economic (450K – P1.7M) (1,933) (6,987) (12,452) (18,362) (24,754) (31,668) (39,148)

Low Cost (P1.7M – P3.2M) 3,605 3,553 3,496 3,435 3,369 3,298 3,220

Mid End (P3.2M – P6M) 5,056 5,030 5,002 4,971 4,938 4,902 4,864

High End (Above P6M) 1,605 1,605 1,605 1,605 1,605 1,605 1,605

Unsold Inventory (Cumulative) 6,302 (1,127) (9,161) (17,850) (27,247) (37,411) (48,407)

Metro Davao

19



Socialized (up to 450K) 231 261 283 306 331 358 387

Economic (450K – P1.7M) 1,122 1,268 1,372 1,484 1,604 1,736 1,877

Low Cost (P1.7M – P3.2M) 0 0 0 0 0 0 0

Mid End (P3.2M – P6M) 15 17 18 20 21 23 25


Grand Total 1,367 1,546 1,672 1,809 1,956 2,116 2,289

Unsold Inventory

(End-Year)2016 2017 2018 2019 2020 2021 2022

Socialized (up to 450K) (231) (493) (775) (1,081) (1,412) (1,769) (2,156)

Economic (450K – P1.7M) 1,413 145 (1,227) (2,711) (4,315) (6,051) (7,928)

Low Cost (P1.7M – P3.2M) 3,651 3,651 3,651 3,651 3,651 3,651 3,651

Mid End (P3.2M – P6M) 5,064 5,048 5,030 5,011 4,990 4,968 4,943

High End (Above P6M) 1,605 1,605 1,605 1,605 1,605 1,605 1,605

Unsold Inventory (Cumulative) 11,503 9,956 8,284 6,475 4,519 2,404 115

Overall Survey Results

1%

72%

16%

8%2%

1%

Below 25 years old

25-30

30-34

35-40

41-44

45-50

50-55

BPO Worker Survey Results

Gender vs. Age Range

21

Respondent Profiles

Marital Status vs. Age Range

0%

30%

9%

4%1% 1%

0%1%

42%

7% 4%1%

0%0%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Below 25 years old

25-30 30-34 35-40 41-44 45-50 50-55

Male Female

1%

61%

13%

4%0.3%

11%

4%4%

2% 1%0%

10%

20%

30%

40%

50%

60%

70%

Below 25 years old

25-30 30-34 35-40 41-44 45-50 50-55

Single Married/Partnered Divorced/Separated

66%

26%

7%1%

Rank and File

Supervisor / Officer

Manager / Mid-Management

Director / GM / Vice President

Positions

Age Range Distribution


22

Respondent Profiles

Position vs. Income Range

Salary Range Distribution

20.1%

52.8%

11.7% 8.4%3.2% 1.3% 1.0% 0.3% 0.3% 1.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0% Position Salary Range

Rank and File Below P15,000 – P25,000

Supervisor / Officer P15,000 – P60,000

Mid – Management P15,000 – P80,000

Directors P150,000 – P200,000 and

above

75%

25%

5%

14%

1%

14%

4%

33%

2%

20%

24%

6%

29%

5%

61%

46%

5%

30%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Rank and File Supervisor / Officer Manager / Mid-Management

Director / GM / Vice President

Below P15,000 P15,000-P25,000 P25,000-P35,000 P35,000-P45,000 P45,000-P60,000

P60,000-P80,000 P80,000-P100,000 P100,000-P150,000 P150,000-P200,000 P200,000 and above


OVERALL RESPONDENT PROFILE

• 88% of the overall respondents would prefer to purchase a home residence and only

12% were willing to lease.

• 80% of the overall respondents who were willing to ‗buy‘ will prioritize investing on a

single detached house & lot unit over a condominium unit.

• 4% of these respondents were also willing to invest on duplex / townhouse units while

14% were looking to invest on condominium units. Only 1% preferred rowhouses.

• Only 12% of the overall respondents were willing to rent, of which 32% of these

respondents preferred single detached house & lot units, 22% preferred bed spaces

and 19% chose single rooms in dormitories. Only 19% chose to lease condominium

units.

• Most of the respondents who wanted to buy had a monthly salary between Php15,000 to

Php25,000 (52%), followed by those who had a salary less than Php15,000 (18%).

• Of those who wanted to rent, the majority also had monthly salaries between Php15,000

to Php25,000 (57%), followed by a larger percentage of those who had a salary less than

Php15,000 (35%).

23

Housing Demand – Summary of Findings


CONDOMINIUM BUYERS

• The most preferred unit sizes are between 30 – 40 sq m for a 1-BR unit, and 50-60 sq m for a 2-

BR unit.

• These buyers are willing to spend Php 1.7 to Php 3.2 million for their purchase of a condominium

unit

• Affordable reservation fee is from Php10,000 to Php15,000 with some willing to pay up to as

much as Php25,000

• DP requirement should not be more than 10%-20% and DP terms of at least 18 to 24 months

• Turnover meanwhile can be as long as 24 months, but not longer than 30 months

• Pag-ibig financing is still the most preferred financing option, followed by in-house financing

• Major deal makers among the condominium buyers is location and TCP

• Major deal breakers is TCP, Location and financing options.

• Turnover condition of condominium units is well distributed among fully-furnished (35%), semi-

furnished (30%), and unfurnished (35%).

• Finally, condo buyers would prefer a development with nearby establishments like a

supermarket / market and office/workplaces.

24



HORIZONTAL BUYERS

• Most of the respondents would prefer two (2) storey houses.

• 41% of the respondents preferred unit sizes of 100 – 250 sq m, followed by those

preferring units less than 100 sq m (38%).

• 57% preferred single-detached units as compared to the 15% who chose townhouses

and the 28% who chose all other single-attached house type preferences.

• Affordable reservation fees range from less than P10,000 to as much as P15,000. The

respondents can tolerate a down payment requirement of up to 10-20% for a 24 – 36

months term.

• Pag-Ibig financing is still the top financing option, followed by bank financing.

• Location and TCP is still the top deal maker, followed by financing and amenities.

• As for deal breakers, TCP, Location, and Financing are still the top three but with

additional consideration on the turnover period.

• Respondents had an equal preference for either semi-furnished or unfurnished units

(38%), while fully furnished units were the least preferred (25%).

25



26

Residential Market Demand based on Market Surveys

Intention to Buy per Worker Rank Housing Type Preference per Worker Rank

84%

95%

100% 100%

16%

5%

75%

80%

85%

90%

95%

100%

Rank and File Supervisor / Officer

Manager Director / GM

Rent Buy

1%

14%

16%10%

25%

3%

4% 19%0%

73%80%

71% 75%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%



Bedspace Dormitory Rowhouse

Condominium Unit Duplex / Townhouse House and Lot

- BPO workers among all ranks heavily prefer single

detached houses and lots.

- Condominiums are usually the next highest choice

except for managers who typically prefer duplexes or

townhouses

- Rank & File employees also mentioned bedspaces and

dormitories.

- As a reflection of their income status, there is a lesser

preference for renting as the rank goes up.

- Rank and file has a large preference to rent, indicating

opportunities for rental properties.


27


Preferred TCP per Worker Rank - Condominium Preferred TCP per Worker Rank – House & Lot

8%

100%

42%

92%

67%

50%

8%

33%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%



Less than P1.75 million P1.75 - P3.2 million P3.2 - P6 million

33%

2%

33%

3% 5% 11%11%

27%

47%36%

43%

32%

33%

34%

21%

11%15%3%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Rank and File Supervisor Manager Director / GM

Less than P450,000 P450,000-P1 million P1 - P1.75 million

P1.75-P3.2 million P3.2-P6 million P6 - P8 million

P8 million and above

Note: TCP refers to Total Contract Price

- For horizontal projects, most Rank & File and Supervisor-

level BPO employees prefer a H&L within the P1M-1.75M

range.

- Managers have a tolerance for a higher budget,

preferring P1.75M to P3.2M

- Directors oddly have a wider preference from P1M to

P8M and above.

- For those that indicated that they preferred to purchase

condos, most of the workers indicated pricing

preferences that were reflective of their income levels

- Upper management indicated a preference for mid-end

condos


31


Preferred Establishments Around the Property- Condo

Preferred Amenities - Condo

65%

58%

35%33% 33%

30%

0%

10%

20%

30%

40%

50%

60%

70%

Market Office Hospital School Recreational Sites

Terminal

98%

70%

58%

43%38% 35% 33%

0%

20%

40%

60%

80%

100%

120%

Swimming Pool

Gym Garden Jogging Path

Game Room

Function Room

Play Area

• Those that preferred

to buy a condo wanted

to be near markets for

grocery shopping,

their office and the

hospital.

• Swimming pools,

gyms and garden

spaces are the most

preferred amenities

for condos.


32


Preferred Establishments Around the Property- House and Lot

Preferred Amenities – House and Lot

60%54%

47% 45%41%

37% 37%

0%

10%

20%

30%

40%

50%

60%

70%

Swimming Pool

Gym Clubhouse Playing Court

Garden Jogging Path

Play Area

58% 56%

45%39%

32%

24%

0%

10%

20%

30%

40%

50%

60%

70%

Market Office School Hospital Terminal Recreational Sites

• For H&L buyers,

market places are also

the preference,

followed by offices

and schools.

• Swimming pools are

also the most

preferred amenity

type.

Rental MarketUnits for rentBed spaces for rent

Rental Market Coverage

36

Metro Manila, Metro Cebu, Davao City

METRO MANILA

Makati City

Taguig City

Pasig City

METRO CEBU

Cebu IT Park

Cebu Business Park

Mactan Newtown

DAVAO CITY

Damosa IT Park

Pryce Business Park

Matina IT Park

Colliers International Philippines

collects data using a mix of field

work, internet research and phone

calls.

For the rental market scan, a sample

of projects offering units and bed

spaces for lease in condominiums,

apartments, townhouses and single

detached homes within a 1.5 to 2 km

radius of the CBDs and IT Parks in the

Centers of Excellence (Metro Manila,

Metro Cebu and Davao City) were

covered.

Vacancies were based on market

listings (i.e. Units for rent, etc.) and not

on physical vacancies (i.e. unit is not

being utilized).

Metro Cebu Metro DavaoMetro Manila

Rental Market

37

Metro Manila, Metro Cebu, Davao City

Citihub Mandaluyong

Jade Valley

Dorm

Cofeville Apartment Homes Davao

Prestigio Apartments

Gestoso Apartment

Euroflats

Grade C

Bed space

Camella

Northpoint

Rental Market – Units for Rent by Type

38

Occupancy, Monthly Rental Rates and Terms

LocationAve. Advance

(months)

Ave. Deposit

(months)

Ave. Contract

(months)

Metro Manila 4 2 11 Cebu 1 2 5 Davao 1 1 5 Grand Total 4 2 9

By Housing Type OccupancyAverage Unit

Size (sqm)

Min. Monthly

Rental Rate

Max. Monthly

Rental Rate

Ave. Monthly

Rental Rate

Typical

Rental Rate

Metro Manila 95% 84 2,500 550,000 67,668 10,000

Apartment 81% 32 3,000 150,000 12,071 12,000

Condominium 95% 88 2,500 550,000 73,452 9,000

House/Townhouse 79% 113 3,000 120,000 26,336 5,000

Cebu 96% 34 2,500 90,000 23,945 5,000

Apartment 100% 27 4,500 32,500 16,750 15,000

Condominium 97% 39 12,000 90,000 32,750 33,214

House/Townhouse 85% 26 2,500 35,000 6,621 6,000

Davao 96% 37 3,000 48,000 22,194 5,000

Apartment 91% 28 3,000 24,750 9,161 8,500

Condominium 97% 38 13,500 48,000 26,602 26,839

Dormitory 83% 26 5,000 5,000 5,000 8,000

House/Townhouse 59% 56 4,800 45,000 15,800 5,000

Grand Total 95% 80 2,500 550,000 63,783 10,000

Rental Market – Bedspaces for Rent

by Type

39

Occupancy, Monthly Rental Rates and Terms

By Housing TypeTotal No.

of Units

No. of

Available

Units

OccupancyAverage Unit

Size (sqm)

Min. Monthly

Rental Rate

Max. Monthly

Rental Rate

Ave. Monthly

Rental Rate

Typical

Rental

Rate

Metro Manila 1,148 216 81% 34 1,700 17,000 3,456 2,500

Apartment 472 86 82% 20 1,700 17,000 3,902 2,500

Condo-sharing 198 30 85% 54 2,500 5,200 4,009 5,000

Dormitory 250 33 87% 30 3,000 4,620 3,732 3,000

House/Townhouse 228 67 71% 28 1,700 7,500 2,782 2,500

Cebu 333 49 85% 13 1,000 6,000 2,776 2,500

Apartment 12 - 100% 17 4,000 6,000 5,000 5,000

House/Townhouse 321 49 85% 13 1,000 6,000 2,726 2,500

Davao 231 45 81% 14 1,200 8,000 2,895 2,000

Apartment 138 22 84% 14 1,500 6,000 2,950 2,500

Dormitory 8 - 100% 26 2,000 2,000 2,000 2,000

House/Townhouse 85 23 73% 13 1,200 8,000 2,900 2,000

Grand Total 1,712 310 82% 21 1,000 17,000 3,074 2,500

39

Metro Dorm (Grade B) Cebu Bed space (Grade C)Jade Valley Dorm (Grade C)

Similar Developments

EuroflatsMyTown

Euroflats

41

Notable Developments

• Euroflats has a portfolio of three apartment

buildings located in Yakal St., Bgy. Comembo, in

Amorseco St., Bgy. Rizal, both in Makati City; and

another in Alabang, Muntinlupa City.

• Each room is provided with the following:

• a split-type aircon

• electric wall fan

• refrigerator

• cable TV

• flat iron and board

• cabinet

• Wi-Fi

• Renters are also provided with:

• two sets of bedsheets with free laundry

twice a month

• two pillows and 5‖ Uratex mattress

• electronic access control card for the gate

and door lock

Euroflats

42

Notable Developments

• Some of the apartments have their own restaurant/sports bar and

gym facilities.

• Euroflats also delivers meals to its tenants.

• A building administrator also handles the concerns and needs of the

tenants.

Room Type Monthly Rent

2-BR P10,500 – P11,000

Bed Space

(Max. 8 pax per room)P3,700 - P4,000

Terms 2 month deposit, 6 months contract

MyTown

43

Notable Developments• MyTown by Philippine Urban Living Solutions (PULS) opened its first staff

housing project, MyTown London, in Camia St., Pembo, Makati City with 92

beds while MyTown Manila, located in 467 Samar St., Pitogo, Makati City

offers 20 beds for rent. While MyTown London is fully occupied, MyTown

Manila is 35% leased as of May 2016.

• Each unit comes with a bathroom, kitchenette, storage space, built-in

cabinets, beds, mattresses and beddings. The kitchenette includes a small

countertop and cupboard space while the bather will have toilet, shower and

sink.

• The 10 – 20 sqm units are also inclusive of a bed, 2 pillows, a 6-inch

mattress, sheets and personal storage space. Water heaters, air-

conditioning, microwave and refrigerator are optional. WiFi is also available in

all of the suites.

• Condominium-type amenities that are offered in MyTown London include a 20

meter infinity pool, fitness center, in-house movie theater, and KTV rooms.

Room TypeRental Rate/Person/Month

(inclusive of VAT and service fees)

2 persons/room P8,500

4 persons/room P4,800

1 person/room P17,000

Terms1 month security deposit, 1 month advance rent,

monthly rent upon move-in

Other fees

• Utilities (water and electricity) are billed separately

• Access to all MyTown Club facilities for

PHP560/person/month.

Thank You.

46

About Colliers InternationalColliers International is a leader in global real estate services, defined

by our spirit of enterprise. Through a culture of service excellence and

a shared sense of initiative, we integrate the resources of real estate

specialists worldwide to accelerate the success of our partners.

When you choose to work with Colliers, you choose to work with

the best. Our highly skilled experts are passionate about what they

do. We connect through a shared set of values which shapes a

collaborative environment in our organization in ways that are

unsurpassed in the industry.

This is evident throughout our platform-—from Colliers University,

our proprietary education and professional development platform, to

our client engagement strategy that encourages cross-functional

service integration.

That‘s why we attract top recruits and have one of the highest

retention rates in commercial real estate. Colliers International has

been recognized as one of the ―best places to work‖ by top business

organizations across the globe.

It‘s a world we care about too. At Colliers, we‘re deeply committed to

socially and environmentally responsible business practices—the kind

that keep our communities healthy, while supporting the long-term

success of business. It‘s the Colliers way.

Our ServicesThe foundation of our service is based in the strength and depth of

our specialists. Through careful listening and a system of

uncovering client needs, we understand the subtle business drivers

behind key real estate decisions. We design truly customized

services to transform real estate--often one of the largest expenses

for a business—into a competitive advantage. We do that as

professionals who know our communities and industries inside and

out. Whether you are a local firm or a global organization, we

provide creative solutions and ease in managing all of your real

estate needs.

Colliers International

colliers.com

Brokerage

• Landlord Representation

• Tenant Representation

Corporate Solutions

Capital Markets and

Investment Services

Project Management

Property Marketing

Real Estate Management

Services

Research Services

Valuation & Advisory Services

485 offices in63 countries on6 continents

United States: 146

Canada: 44

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Asia Pacific: 186

EMEA: 84

$2.1billion in

annual revenue

1.46billion square feet

under management

15,800professionals

and staff

48

Colliers International | Philippines

11/F Frabelle Business Center

111 Rada Street Legaspi Village

Makati City | Philippines

TEL +63 2 888 9988

Julius GuevaraDirector | Research & Advisory Services+632 888 [email protected]

49

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Determining the Housing Demands of BPOshda.ph/wp-content/uploads/2016/09/2-Colliers-SHDA...2016/09/02 · Determining the Housing Demands of BPO Workers Subdivision & Housing Developers