Real Estate Trend: Midrange and Low-Cost Housing

On August 27, 2008 by Lauren

Overseas Filipino workers are the biggest market for real estate, and it looks like their tastes are changing. According to the Officials of the Chamber of Real Estate and Builders’ Associations, buyers are now going for either midrange properties or socialized (cheaper than low-cost) housing.

Low-cost properties used to be the bestsellers in the OFW market but now, they don’t even look at properties worth 2 million. Instead, OFWs prefer midrange residences, house-and-lot packages (usually townhouses) or condominium units that cost between Php 3 million and Php 7 million. This might seem a little surprising, considering the global financial crisis but on second thought, buying midrange housing is more practical in the long run. They are constructed better than low-cost housing, have more convenient locations, and have a higher resale or rental value. The OFW community is also no longer made up of manual workers – professionals like nurses, IT consultants, and doctors have joined the diaspora.

Despite the OFWs’ changing tastes, low-cost housing is still a major driving force of the Philippine real estate industry. Socialized housing offers house and lot packages worth Php 300,000 each and are located in industrial estates and economic zones. The buyers of socialized housing are usually employees and their families. To make the houses more affordable, value-added tax exemptions are included in the payment packages and no down payment is required.

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22 Responses to “Real Estate Trend: Midrange and Low-Cost Housing”

  • Hi,

    I would like to inquire of your low cost project, terms of payments, and where is this located?

    Please send your reply at my email stated above.

    Thanks!

  • Hi!
    I WOULD LIKE TO APPLY A LOW COST HOUSING LOAN LOCATED IN LOMA DE GATO MARILAO BULACAN. AS OF NOW
    I AM AN OFW IN UAE.WHAT SHOULD I NEED TO BE ABLE TO APPLY A CERTAIN PROPERTY? PLEASE GIVE ME AN
    ADVICE.

    PLEASE SEND YOURE REPLY IN MY EMAIL

    THANKS!
    DINA

  • I would like to inquire if you have a low cost housing project located in Quezon City or Makati,Terms and payment. Pls reply back .Many thanks

  • Hi I would like to inquire if you have socialized housing located at better living subd. bicutan paranaque city

    I am an OFW in UAE, what are the terms & conditions for me to be able to avail of such property

    Many thanks.

    Claire

  • ako po ay isang ordinaryong manggagawa dito sa Saudi Arabia nais ko pong malaman kung ang isang katulad ko ay maaring magkaroon ng pagkakataong magkaroon ng sariling bahay na pag aari mula sa programang ito, at kung papaano, salamat ng marami. Ernie Castil

  • Hello, I’m OFW residing here in Kuwait, I’d like to apply a low cost housing loan anywhere in metro manila. please send me more details.

    Thank you and best regards

  • kindly send me unit details and sample computation if you have in antipolo city

  • ako po ay si alona ishii nakatira at nagtatrabaho dito sa japan,ask ko lang sana kung meron kayong property sa imus cavite,paano ang bayaran at magkano,thank you

  • hi…where is this located..???i just want to know the real price and hope its 300,000 so we can affordable…or more less 300,000…

    just reply into my email….

    tnx

  • hi…. iwould like to know the unit detail and sample computation would you able send me. and i would like also to know if there’s a housing project located in bulacan. tnx

  • paki send details and places ng units kasi interested ako.salamat!

  • HI

    I would like to apply to your low cost housing project, planning to go back to the phil. this coming Dec. can you give me some more info. to your project? we live in Cabanatuan City I have only 60sqrm land and planning to build a 2 storie house with roof-top.

    Thanking you in anticipation, looking forward
    John from Jerusalem…

  • ako po ay nagtatrabaho dito s saudi arabia gusto ko ho malaman ang buong detalye ng inooper nyo low cost housing interesado po ako at kung meron din b kyo s las pinas?

  • i would like to know if theres a low cost housing or rent to own house located in antipolo or teresa .

  • with low deposit.

  • Hi there, my husband and i, were much interested to know all the details of your low cost housing units..is there any available place in Quezon city?.. we’ll be going home this february 2010 ..please reply ASAP thanks

  • i would like to apply about your program,can you send me your location and computation.thanks

  • can yo give a complete detail regarding housing loan ,the computation and Iam a OFW in jeddah ang i want in antipolo city if you have there thanx .

  • me and my husband are very interested in your low cost housing program pls. send to my email the details about your program. I hope it really cost P300,000 so that we can afford to have one.

  • Hi.im looking fro a low cost housing in caloocan city or bulacan im interested near only in NLEX i want to know how is the term of payment im workin as a OFW.is this covered with pagibig?

    thnx

  • gusto ko pong mag-apply ng low cost housing dito sa quezon city…..ano po ba ang mga requirements…at mag kano kaya? at pwede bang malaman kng ilang sqr meter? maraming salamat…..

  • i would like to know how to avail and what is the term of payment i want only a low cost housing not more than 300 hundred thousand,pls send me all the ur quotations.pls.

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