CITIES with central business districts (CBD) continue to have a strong residential market for the first half of the year as they remain popular among property seekers, revealed the Lamudi’s latest trend report.
Per the study, titled “The Outlook on the Residential Market: Property investment as a safe haven during a crisis,” most of the potential clients were interested to buy or rent a property (house, condo, apartment, or foreclosed) from Quezon City, accounting for 26 percent of the total inquired cities on Lamudi from January to June 2020.
This was followed by Makati (12 percent), Pasig (10 percent), and Taguig (9 percent)—all cities in Metro Manila with a CBD.
In Quezon City, there are three CBDs—Eastwood City, Araneta City and Triangle City. Makati City’s CBD is in the Ayala Makati area. On the other hand, Pasig City has the Ortigas Center as Taguig City has Bonifacio Global City.
Meanwhile, other sought-after cities in the National Capital Region (NCR) by homeseekers were Manila (9 percent), Parañaque (8 percent), Mandaluyong (7 percent), Las Piñas (5 percent), Muntinlupa (3 percent), Pasay (3 percent), and others (8 percent).
In terms of views on Lamudi platform in the first six months of the year, house hunters looked at Quezon City (28 percent), Makati (14 percent), Pasig (10 percent), Taguig (9 percent), Manila (8 percent), Parañaque (8 percent), Mandaluyong (6 percent), Las Piñas (6 percent), Muntinlupa (5 percent), Marikina (3 percent), and others (3 percent).
Per Lamudi’s report, property seekers may have looked for residential estates closer to their workplaces since public transportation was suspended from March to May and was on limited operations due to government-imposed lockdowns in NCR and other areas.
In particular, they’re mostly those who have been deemed as essential workers and are at higher risk to the coronavirus disease 2019 (Covid-19).
This move can also keep their loved ones safe from Covid-19, especially if there are family members that are more susceptible to the virulent illness, the study added.