Thursday, August 16, 2007

MRT and Phil. Property Issues

I always enjoy riding the MRT ... when it is not overcrowded (i.e., I am not forced to see the facial pores of other passengers). The 30 minute ride from North Ave. to Taft is fascinating, a snapshot of the Philippines and several issues that hound her.

Inequality is highlighted... from squatter shanties between North and Quezon Avenues, middle class housing between Cubao and Santolan, to condominiums in Shaw and Boni and exclusive gated subdivision in Ortigas, Buendia, and Makati.

You can also observe the Philippine property boom in action, with several buildings and condominiums under construction over the horizon. There are new malls (you can't miss the enormous Trinoma) and shopping centers (notice Highway 54 in front of SM Megamall). Several mothballed projects are also resurrected.

Along the trip, you can also get a glimpse of problems over property.  At the northeast corner of Aurora Avenue and EDSA is the most expensive swamp cabbage patch  (kangkungan). The property is apparently owned by  a big bookstore chain but is embroiled in a dispute. The property is in a prime location, at the intersection of two major highways and accessible by both MRT 2 and LRT 3. It is probably worth millions of pesos.

At the northwest corner of Ortigas Avenue and EDSA is another wasted property. It has been dug, preparing for the foundation of a skyscraper. However, it was later found that if construction continues the stability of nearby flyovers and MRT will be compromised. Construction was halted and now you have a deep ravine in the heart of the metropolis.

Here are other things to think about while riding the MRT:
1. Why is Ortigas station closer to SM Megamall than Robinson Galleria?
2. Why is Santolan station named, Santolan- Annapolis? Should the North Ave. Station be renamed North Ave- Trinoma?
3. Why are some stations underground? Is it because of soil quality, structural engineering or is it because residents of gated subdivisions don't want prying eyes?

Sentosa Light and Fountain show.3gp




Singapore Housing




A sneak peek of Singapore's extremely orderly and clean residential communities

Hong Kong Housing


Hong Kong Island

Huge variety of housing, from luxurious units on top of Victoria's Peak to humble farmers' dwellings in the Northern Territories

Beijing Housing




Pictures of houses and people in a typical community in Beijing's Haidian District

Wednesday, August 15, 2007

Press links ( I was quoted here)


Sept 27, 2007
Build an extension into home costs - Telegraph.co.uk
http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2007/09/27/buying-property-abroad.xml

Sept. 8, 2007
Be secure with developer before sttling in - Philippine Daily Inquirer
http://showbizandstyle.inquirer.net/lifestyle/lifestyle/view_article.php?article_id=87381

Aug 23, 2007
Housing transaction costs - The Economist
http://www.economist.com/markets/indicators/displaystory.cfm?story_id=9688013

Aug 16, 2007
Hidden costs behind buying property abroad - Fair Investment
http://www.fairinvestment.co.uk/property-news-Hidden-costs-behind-buying-property-abroad--330.html

Aug 16, 2007
Philippines seen leading property boom in Asia - Inquirer.net
http://business.inquirer.net/money/breakingnews/view_article.php?article_id=82908

Aug 8, 2007
Emerging Europe and Asia are new motor for global house price boom - The Business
http://www.thebusiness.co.uk/business-extras/property/78016/.thtml

Aug 01, 2007
A decade after the crisis - Asia Property Report
http://www.property-report.com/apr_op_archives.php?id=91&date=781

Aug 01, 2007
Junta backed govt 'is pushing property buyers away' - Thailand Real Estate & Property Guide
http://www.thailand-property-guide.com/?p=news/article&NewsID=494

July 02, 2007
High transaction costs, rent control linked to RP slums - Philippine Daily Inquirer
http://showbizandstyle.inquirer.net/lifestyle/lifestyle/view_article.php?article_id=73994

Jun 02, 2007
Good property investments for overseas professionals, OFWs - Philippine Daily Inquirer
http://showbizandstyle.inquirer.net/lifestyle/lifestyle/view_article.php?article_id=69118

Apr 21, 2007
Why it's a good time to buy property now - Philippine Daily Inquirer
http://showbizandstyle.inquirer.net/lifestyle/lifestyle/view_article.php?article_id=61630

Mar 01, 2007
The wave breaks - CNBC
http://cnbceb.com/2007/03/01/the-wave-breaks/

Jan 26, 2007
RP property values can increase 35% - Philippine Daily Inquirer
http://showbizandstyle.inquirer.net/lifestyle/lifestyle/view_article.php?article_id=45866

Dec 20, 2006
Real estate in Thailand - The Asian Pacific Post
http://www.asianpacificpost.com/portal2/ff8080810fa0ae2f010fa1433b0f0015_Real_Estate_in_Thailand.do.html

Nov 13, 2006
OFWs spur building boom - The Manila Times
http://www.manilatimes.net/national/2006/nov/13/yehey/top_stories/20061113top2.html

Nov 12, 2006
OFWs fuel new Philippines building boom - Philippine Daily Inquirer
http://globalnation.inquirer.net/news/news/view_article.php?article_id=32095


Lost in translation




English is a difficult language.

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