Megaworld at the Fort
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MEGAWORLD AT THE FORT WEEKLY SALES TRENDS AND REPORTS TAGUIG DEMOGRAPHICS AND POPULATION UPDATES REAL ESTATE INDUSTRY RESEARCH AND UPDATES REAL ESTATE INDUSTRY UPDATES PHILIPPINE PROPERTY MONITOR (JULY 2017) Key Economic Indicators (Source JLL) GDP Growth (1Q2017) 6.4% GDP Growth (2016) 6.8% Inflation (June 2017) 2.8% Foreign Exchange Rate est. 49.9 Cumulative Overseas Filipino Remittances 11,346 *in millions USD Unemployment Rate (April 2017) 5.7% Population (as of Aug 2015) 101.0 Million Tourist Arrivals 2,882,737 Tourist Arrivals Growth 14.4% (y-o-y) Tourism Report (source DOT) Top 10 Visitor Markets in Jan to May 2017: 1) Korea 6) Taiwan 11) HongKong 16) Saudi Arabia 2) USA 7) Canada 12) India 17) Thailand 3) China 8) United Kingdom 13) Germany 18) Vietnam 4) Japan 9) Singapore 14) France 19) Russia 5) Australia 10) Malaysia 15) Indonesia 20) Netherlands REAL ESTATE INDUSTRY UPDATES PHILIPPINE PROPERTY MONITOR (JULY 2017) – Industry Updates RESIDENTIAL INDUSTRY UPDATES OFFICE INDUSTRY UPDATES RETAIL INDUSTRY UPDATES HOTEL INDUSTRY UPDATES 1) Federal Land joint venture with 1) Vista Land and Lifescapes 1) All Value Holdings Corp 1) Lapu-lapu Leisure Mactan is Nomura Real Estate recently opened the 10-storey announced 12 new malls expected to break ground in Development and Isetan to office tower Vista Campus which features AllHome, August 2017 with developer develop USD 400-million retail Tower 1 in Taguig. This caters to AllDay, AllShoppe, AllToys, Udenna Group. Lapu-lapu and residential complex in BGC the O&O. BakeMyDay, and leisure Mactan will be built called Sunshine Fort with Tower CoffeeProject in a prime beachfront in 1 to be completed in 2022 2) Robinsons Land Corporation Mactan Island. This is to be recently launched Robinsons 2) Aboitizland aims to completed in 2022. 2) Moldex Realty to develop 4 Cybergate Naga in Bicol. It is a provide a unique residential projects in Pasay PEZA registered tower. shopping experience in 2) Construction of world-class and in Cavite. The 42-storey Lipa with a new retail residential resort complex Grand View Towers, Fern Parc, 3) Sitel recently inaugurated the development patterned DusitD2 at Waves Beach Moldex Residences, Silang and first PEZA Accredited O&O hub after its development in Club Residences in San Juan, Heritage Spring Homes West in Puerto Princesa, Palawan. Mactan, Cebu. La Union has started and is are the said projects slated for completion on 4) Dutch Financial Giant, ING Bank, 2019. expanded shares in the country. They now occupy World Plaza in BGC by Daiichi Properties. TAGUIG DEMOGRAPHIC PROFILE RESEARCH AND UPDATES TAGUIG CITY DEMOGRAPHICS Region: Website: NCR - National Capital Region www.taguig.gov.ph Population Contact Nos: 644,473 Tel: 628-3588; Fax: 628-3588 Mayor Address: Hon. Ma. Laarni L. Cayetano Gen. Luna St., Tuktukan, Taguig TAGUIG CITY DEMOGRAPHICS TAGUIG CITY DEMOGRAPHICS REGION: National Capital Region PROVINCE: NCR, Fourth Disrict MUNICIPAL: Taguig City REGION CODE 13 MUNICIPAL CODE 76 INCOME CLASS: FIRST CLASS POPULATION HISTORY: 1960 21,856 2000 467,375 1970 55,257 2007 613,343 1975 73,702 2010 644,473 1980 134,137 2015 804,915 1990 266,637 1995 381,350 TAGUIG CITY DEMOGRAPHICS POPULATION: 804,915 (male: 403,861, female: 401,054) AGE DEMOGRAPHIC: (based on 2015 population) AGE RANGE TOTAL MALE FEMALE less 1 to 9 years old 157,671 81,486 76,185 10 to 19 years old 147,611 74,658 72,953 20 to 29 years old 172,020 86,015 86,005 30 to 39 years old 138,372 70,783 67,589 40 to 49 years old 90,534 45,714 44,820 50 to 59 years old 58,728 28,009 30,719 60 to 69 years old 28,645 13,077 15,568 70 to 79 years old 8,740 3,386 5,354 80 to 89 years old 2,314 658 1,656 90 to 99 years old 270 19 48 100 – 101 years old 10 5 5 TAGUIG CITY DEMOGRAPHICS Household Population 5 to 24 Years Old Household Population Who Were Currently Attending School 5 to 24 Years Old Age Group Both Sexes Male Female Both Sexes Male Female TAGUIG CITY Total 309,403 156,003 153,400 211,259 107,806 103,453 5 - 9 76,968 39,569 37,399 72,838 37,367 35,471 10 - 14 71,022 36,475 34,547 69,362 35,514 33,848 15 - 19 76,321 38,003 38,318 55,787 27,747 28,040 20 - 24 85,092 41,956 43,136 13,272 7,178 6,094 Source: Philippine Statistics Authority, 2015 Census of Population TAGUIG CITY DEMOGRAPHICS Managers 24,078 Professionals 26,606 Technicians and Associate Professionals 32,035 Clerical Support Workers 43,945 Service and Sales Workers 85,182 Skilled Agricultural Forestry and Fishery Workers 2,096 Craft and Related Trades Workers 41,817 Plant and Machine Operators and Assemblers 35,244 Elementary Occupations 45,225 Armed Forces Occupations 2,248 Other Occupation Not Elsewhere Classified - Not Reported 8,310 Source: Philippine Statistics Authority, 2015 Census of Population TAGUIG CITY DEMOGRAPHICS TAGUIG CITY Both Sexes 198,256 4.0 Below 20 1,479 2.4 20 - 29 37,645 3.0 30 - 39 58,606 3.9 40 - 49 45,883 4.6 50 - 59 31,921 4.7 60 - 69 16,656 4.4 70 - 79 4,852 4.0 80 years old and over 1,214 3.6 Source: Philippine Statistics Authority, 2015 Census of Population TAGUIG CITY DEMOGRAPHICS Size and Growth of the Local Economy (2015 Data) Gross Sales of Registered Firms Php 349,264,357.312.23 Growth of Gross Sales of Registered Firms -24.51% (2014 to 2015) Local Inflation Rate 1.1 Total Capitalization of NEW Businesses PHP 22,787,277,848.02 Growth of the Total Capitalization of NEW Businesses 12.15% (2014 to 2015) Number of Occupancy Permits Approved 673 Growth in the Number of Occupancy Permits Approved -7.55% (2014 to 2015) Cost of Doing Business Cost of Electricity (Commercial Users) Php 9.86 per KwH Cost of Electricity (Industrial Firms / Customers) Php 7.84 per KwH Cost of Water (Commercial Users) Php 44.86 per cubic meter Cost of Water (Industrial Firms / Customers) Php 48.77 per cubic meter Regional Daily Minimum Wage Rate (non-agricultural) Php 466.00 Cost of Rent for Office Space per month Php 9,500.00 Cost of Land in Central Business District Php 252,000.00 TAGUIG CITY DEMOGRAPHICS Number of Banks and Financial Institutions (2015 Data) Number of Universal / Commercial Banks 118 banks Number of Thrift / Savings Banks 118 banks Number of Rural Banks 8 banks Number of Financial Cooperatives 18 banks Number of Pawnshops 59 shops Number of Money Exchangers 43 shops Number of Remittance Centers 69 centers Number of Microfinance Institutions 8 institutions Total Number of Financial Institutions 478 Others Total Number of Health Services Manpower (Public and Private) 7,164 Ratio of Teachers to Students (Public) 3.34% Ratio of Teachers to Students (Private) 14.52% Number of Policemen in locality 222 Business Permit Processing Efficiency 5 days (from 10 days in 2011) Occupancy Permit Processing Efficiency 5 days (from 3 days in 2011 due to additional steps) Mayor’s Permit Processing Efficiency 5 days Business Renewal Processing Efficiency 1 day TAGUIG CITY DEMOGRAPHICS Taguig City Infrastructure (2015 Data) Total Road Network in Kilometer 70.03 Road Density 1.54 Distance of Municipal Hall to operating airport 14.9KM Distance of Municipal Hall to land transport terminal 2.6KM Distance of Municipal Hall to seaport 12.7KM Number of DOT Accredited Hotels 2 (179 rooms) Number of DOT Accredited Apartelles 1 (440 rooms) Annual Investment of Infrastructure by LGU Php 587,256,427.70 Total LGU Budget Php 7,539,362,140.00 Total Number of Public Transportation Vehicles 17,899 TAGUIG CITY DEMOGRAPHICS BASED ON: 2012 TO PRESENT ZONAL VALUATION OF TAGUIG-PATEROS LOCATION CLASSIFICATION ZONAL VALUE Lawton Avenue Residential Regular 55,000 McKinley Hill Drive Residential Regular 100,000 26th Street (FAR 5 -18) Commercial Regular 100,000 – 252,000 32nd Street (FAR 5 – 18) Commercial Regular 100,000 – 252,000 33rd Street (FAR 5 – 18) Commercial Regular 100,000 – 252,000 34th Street (FAR 5 – 18) Commercial Regular 100,000 – 252,000 35th Street (FAR 4 – 16) Commercial Regular 100,000 – 224,000 36th Street (FAR 4 – 16) Commercial Regular 100,000 – 224,000 University Parkway Commercial Regular 39,000 – 208,000 Rizal Drive (FAR 5 – 18) `Commercial Regular 100,000 – 252,000 TAGUIG CITY DEMOGRAPHICS BASED ON: 2012 TO PRESENT ZONAL VALUATION OF TAGUIG-PATEROS Rates vary depending on classifications (20% may be added if used as business) DEVELOPMENT CLASSIFICATION ZONAL VALUE Avant at the Fort Residential Condominium 110,000 Bellagio 1, 2, 3 Residential Condominium 95,000 Blue Sapphire Residential Condominium 100,000 Bonifacio Ridge Residential Condominium 100,000 Essensa Residential Condominium 120,000 Forbeswood Parklane Residential Condominium 95,000 Icon Residences Residential Condominium 100,000 Pacific Plaza Towers Residential Condominium 140,000 Seibu Tower Residential Condominium 90,000 The Beaufort Residential Condominium 150,000 The Fort Residences Residential Condominium 110,000 All other existing condos Residential Condominium 100,000 TAGUIG CITY DEMOGRAPHICS AIRBNB RENTAL RATES (TAGUIG) – PER NIGHT PROJECT SIZE / UNIT TYPE RATE per night Stamford Residences Executive Studio Php 1,516 Venice Grand Canal Mall Executive Studio Php 2,173 Avant BGC Studio Unit Php 2,072 The Infinity 1 Bedroom Unit Php 2,931 Grand Hamptons 2 1 Bedroom Unit Php 1,920 Avida 9th Ave 2 Bedroom Unit Php 3,437 Fort Victoria 2 Bedroom Loft unit Php 2,173 Tuscany Private Estates 2 Bedroom Php 5,362 Fifth Avenue 2 Bedroom Php 2,759 Seibu Tower 3 Bedroom unit Php 10,057 Source: AIRBNB Computation TAGUIG CITY DEMOGRAPHICS RENTAL RATES (LONG TERM LEASE) Unit Type Furnish Type Estimate Price Studio Type Fully Furnished Php 18,000 – 45,000 per month 1 Bedroom Fully Furnished Php 35,000 – 100,000 per month 2 Bedroom Fully Furnished Php 80,000 – 185,000 per month 3 Bedroom Fully Furnished Php 90,000 -280,000 per month Studio Type Unfurnished Php 15,000 – 35,000 per month 1 Bedroom Unfurnished Php 30,000 – 75,000 per month 2 Bedroom Unfurnished Php 35,000 – 95,000 per month 3 Bedroom Unfurnished Php 35,000 – 180,000 per month Source: Rentpad FORT BONIFACIO UPDATES WHAT’S HAPPENING NEAR MCKINLEY AND UPTOWN NEW DEVELOPMENTS UY PURCHASES ENDERUN COLLEGES GETTING TO KNOW DAVID UY .