Do you believe that most OFWs want a property investment?
The latest SMDC report shows that UAE is the biggest market for SMDC condo.
Do you know UAE Filipinos who can afford AED 800/month for an SMDC condo unit?
There are about 800,000 Filipinos in the UAE, more than half are in Dubai.
We either live with kabayans, stay or work in the same buildings, or meet hundreds in a week on the train or bus.
Is an extra income of P30,000-75,000 interesting for you?
If a client purchases a 1BR unit which typically costs P3 million
An agent can get up to P30,000 at 1% commission rate
More options will be given upon performance
An active sales associate typically closes 2 units/month
You could be part of our Sales Associate Team to promote SMDC condos in the UAE.
· You believe in property investment
· You love meeting people and making phone calls
· You must have a learner’s heart
· You must be a team player
· Set up SMDC appointments
· Attend SMDC events (once a month)
· Do your own presentation (accredited sales associate)
Remember, many OFWs can afford to invest in SMDC. They just need a person to link them to SMDC.
To apply for Sales Associate post, please call 055 1034589.
1. YOU CAN ALWAYS SHARE
If you co-buy with a friend, AED 400 each na lang! Di ba wiser to spend AED 400-800 for property investment kaysa sa gimik? Absent ka sa gimikan, condo owner ka naman.
2. EARN UP TO P1M IN VALUE APPRECIATION AT HANDOVER!
At 2008 launch, 1BR unit in Grass Residences near SM North was P1.75 million. By 2012, 1BR unit was P2.75 million. That’s P1 million profit just by waiting! So, why leave money in the bank?
3. YOUR BEST OFW REWARD: RENTAL INCOME
Manila employees and college students now prefer to live in condos. Most cannot buy but they can rent. OFWs are major condo investors. At handover, you pay amortization from condo rental. So, from hardworking OFW to condo landlord!
4. FIRST, PROFIT FROM CONDO RENTAL– THEN, BUILD YOUR HOME
Ideally, build a house kung gagamitin mo na. Mabagal ang value appreciation sa province; if you rent out naman, sobrang mura. Multiply na lang your hard-earned dirhams with SMDC condo. After some years, ibenta (kung kailangan) to build your home. Yung sobra, i-negosyo mo!
Condos are not just places to live in. If you do it right, you can rent out your condo and make it an instrument you can profit from.
Renting out a condo is profitable, plus, the process is pretty straightforward. As long as you set it up right in the beginning, the pay-off can definitely benefit your bank account, as well as you confidence. If you’re looking to make profit from renting out your condo unit, here are some helpful tips to guide you:
1. Identify your target market.
Review the condo’s features and identify a target market that will benefit from these features. For example, if the condo is located near the university belt and has student-oriented amenities; your primary market will be students. Identifying your target market helps you streamline your marketing efforts.
2. Dress up your unit.
The next step is to furnish the unit and prepare it for future tenants. The decision to furnish it or leave it bare is up to you. Some tenants will avoid purchasing big appliances, while some may be bringing in their own. At the very least, make sure that the unit looks presentable and attractive.
3. Market your unit.
Start by taking good pictures, not just of the unit, but also the building’s amenities and nearby establishments to give tenants a good idea of what it will be like to live there. Remember the features you listed earlier? Use these features to make a good sales pitch highlighting the benefits that address the needs of your tenant. Utilize online spaces to market your unit, as well as traditional media like classified ads, newsletters or flyers.
4. Prepare your unit for viewing.
Once you’ve started your marketing efforts, you’ll start getting inquiries. These potential tenants will want to see the unit, so this is your chance to impress them. Make sure broken items are fixed and retouch cracked paint. Clear all clutter and make sure the unit is well-lit. A tenant is more inclined to pick a space that looks and feels brand new.
5. Prepare the necessary documents.
After all your efforts, you’re ready to rent out your unit to a tenant. Now you have to prepare documents and contracts that will protect your interest, as well as your tenant’s. Some documents you’ll have to cover include the Proof of Ownership, the Official Receipt and Tax Registration, and a list of inclusions as an annex to the contract.
SMDC can help you in leasing out or maintaining your property. Click here to learn more about SMDC Property Management services.
M Prime Holdings Inc. declared to the Philippine Stock Exchange that there will be additional common shares amounting to 15.77 billion with a par value of P1 per share.
SM Prime Holdings Inc.’s hotel unit aims to double the number of hotels under its portfolio to 10 by 2018. It is set to spend P2.5 billion to tap the fast-paced development of the tourism industry. SM Hotels and Conventions Corporation’s new hotel projects will be in the key regions in the Philippines. Each hotel will be situated beside SM shopping malls under the Radisson Group. SM is also planning to launch its newest convention center in Bacolod in September this year.
Another member of SM Group of Companies, Tagaytay Highlands – a leisure development, marked its 20th anniversary last month.
We are delighted to share SM Investments Vice Chairman, Teresita Sy-Coson interview video with CNN Asia-Pacific correspondent, Andrew Stevens for CNN Newsroom, Live from Hong Kong. Mrs. Sy-Coson’s showed SM’s ‘emerging mini-city within a city’ developments and her optimistic views of continuous investments in the Philippines. She also described the advantages of having a strong board with intentions of having a unified decision.
SM Prime Commercial Properties Group conducted the topping off ceremony of Five E-Com Center last May 5, 2014. This project is another architectural landmark under its construction process at the Mall of Asia complex primarily designed for business process outsourcing firms and other similar high-technology companies.
The Philippines continued to exceed expectations and remained the fastest-growing among emerging economies in the region, the government on Wednesday announced.
The country’s gross domestic product (GDP) expanded by 7.5 percent from April to June, faster than the 6.3 percent growth it posted in the same period in 2012, official data showed.
“We remain the fastest growing economy among emerging economies in the ASEAN region,” Socioeconomic Planning Secretary Arsenio Balisacan claimed.
The country’s growth is “the same as that of China” and “surpasses the growth rates of our Asian neighbors,” Balisacan said. It also tops analysts’ forecast of 7.2 percent.
GDP measures the value of all goods and services produced within a country’s borders during a specific period. It is used as an indicator of a country’s economic health.
The second-quarter figures bring the country’s growth rate in the first half to 7.6 percent. The government revised growth from January to March downward to 7.7 percent from 7.8 percent.
“The second quarter growth is the fourth consecutive GDP growth of more than 7.0 percent under the Aquino Administration,” the National Statistical Coordination Board chief said.
NSCB Secretary General Jose Ramon Albert further said that the “resilient services sector, which grew by 7.4 percent, remained the main driver of the country’s growth.”
Growth was also supported by a robust industry sector, which grew by 10.3 percent. Agriculture, on the other hand, pulled GDP down as it contracted by 0.3 percent.
“We have been experiencing growth of above 6 percent since the first quarter of 2012,” Balisacan said, adding that this confirms that the country is “now on a higher growth trajectory.”
This, as he noted that the Philippines has shown its ability to withstand external shocks by posting stellar growth even as other economies decelerate due to the global slowdown.
“All our efforts to attract investments and build business and consumer confidence have borne fruit,” the Cabinet official said, adding that the country is set to surpass its growth target of 6-7 percent for the full year.
SM Development Corporation (SMDC) reported that for the first quarter of 2013, consolidated net income amounted to Php1.4 billion, up 12.0% year-on-year due to an improved gross profit margin and increased economies of scale. Net margin improved to 23% from 22% during the same period last year.
EBITDA stood at Php1.7 billion, for an EBITDA margin of 28%. Return on equity stood at 13.2% from 13.0% last year. Meanwhile, revenues from real estate sales increased 4% to Php5.9 billion.
SMDC’s asset base expanded 47% year-on-year to Php85.2 billion. SMDC’s net debt to equity ratio remains conservative at a ratio of 30% net debt to 70% equity.
For 2013, SMDC will spend approximately Php20.0 billion in capital expenditure. Of this amount, Php13.0 billion will be for project development and Php7.0 billion will be for landbanking.
During the year, the company will launch three to four new projects: These are Trees Residences and Grass Residences Phase 2 in Quezon City; Shore Residences at the Mall of Asia Complex; and possibly Rich Residences in Mandaluyong. In addition, expansion towers at Wind Residences, Field Residences, and Grace Residences will also be launched. These new and expansion projects will add about 13,300 units of new inventory.
SMDC currently has fifteen ongoing residential condominium projects all over Metro Manila, with the exception of Wind Residences in Tagaytay. These projects are as follows:
1. Grass Residences, behind SM City North EDSA in Quezon City
2. Field Residences in Parañaque
3. Princeton Residences, along Aurora Boulevard in Quezon City
4. Sun Residences, beside the Mabuhay Rotunda at the boundary of Manila and Quezon City
5. Light Residences, along the northbound side of EDSA
6. Jazz Residences in the Makati Central Business District
7. Wind Residences in Tagaytay
8. Blue Residences, at the corner of Katipunan Avenue and Aurora Boulevard in Quezon City
9. Mezza II Residences, along Aurora Boulevard in Quezon City
10. Green Residences, along Taft Avenue in Manila
11. Shell Residences in the Mall of Asia Complex in Pasay
12. M Place @ South Triangle in Quezon City
13. Rose Residences in the Ortigas Center in Pasig
14. Breeze Residences in Pasay City
15. Grace Residences in Taguig
(Reuters) - The Philippines on Thursday posted surprisingly strong growth in the first quarter, knocking China from pole position in Asia, driven by robust domestic consumption and government spending.
The stellar pace of expansion, which blew past expectations, pulled the peso up from an 11-month low and cemented views the central bank would leave its key policy rate on hold this year.
Growth is seen powering on after the Philippines earlier this month got an investment grade rating from Standard & Poor's, the second debt agency to do so this year. That lowers borrowing costs and helps to attract foreign capital for an economy mired with high unemployment and poverty.
First quarter GDP grew a seasonally adjusted 2.2 percent over the prior three months, the fastest clip since the first quarter of 2012. A Reuters poll of economists had forecast 1.6 percent growth.
From a year earlier, the economy grew 7.8 percent, helped by robust domestic spending, making the Philippines the fastest growing economy in Asia as it pushed past China's 7.7 percent annual pace and 1.6 percent quarterly growth.
The Philippines' year-on-year GDP figure also topped the 6.1 percent growth forecast in a Reuters poll and was the fastest since the second quarter of 2010, then boosted by spending related to national elections that put President Benigno Aquino in power.
"We may now be moving along a new growth trajectory," economic planning chief Arsenio Balisacan told reporters.
Capital formation jumped an annual 47.7 percent in the first quarter as the private sector invested heavily to expand capacity given strong domestic consumption.
Public construction climbed 45.6 percent as a faster budget roll-out and better fiscal position allowed for more spending to rehabilitate decrepit school buildings, roads and bridges.
Per capita GDP grew an annual 6.1 percent in the first quarter, the highest in at least two years, although unemployment was at a year-high of 7.1 percent as of March.
With a fast-growing population, estimated at 96.8 million as of March, job creation can't keep pace with the around 1 million new entrants to the job market every year, Balisacan said.
The challenge was to create more broad-based growth so that the poorer sectors of society could benefit from jobs in high growth sectors, he added.
Bernard Aw, analyst at Forecastweb in Singapore said the Philippines' improved risk and debt profile would help shield the peso from external vagaries.
The export-reliant Philippines is facing some risk that demand for its high-tech products will slow on more evidence that the recovery in global growth is losing momentum.
But the global slowdown had little impact on manufacturing. Data showed the sector grew an annual 9.7 percent in the first quarter on domestic demand for food items, household appliances, chemicals, and communication, transport and machinery equipment.
Market reaction was mixed. While the peso was up at 42.28 per dollar, the local stock market slid as much as 3.4 percent in line with sharp declines in regional bourses.
RATES SEEN ON HOLD
At a time when several regional central banks have cut rates to bolster growth, economists said the Philippine central bank would most likely leave its key overnight borrowing rate on hold for the rest of the year. Inflation is forecast to stay within the central bank's 3 to 5 percent target band this year despite strong growth.
Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco said he did not foresee the inflation target being breached over the policy horizon despite strong GDP growth.
The central bank next meets to review policy on June 13. It has kept its policy rate steady at a record low of 3.5 percent since December 2012, but has slashed the rate on its special deposit account (SDA) facility by more than 200 basis points since July 2012 to divert credit to more productive use.
"We think the BSP will continue to cut the SDA rate to lift domestic spending as well as save costs," said Trinh Nguyen, economist at HSBC in Hong Kong. The central bank has incurred heavy losses as the SDA facility attracted huge liquidity.
With the outlook on exports still murky, domestic consumption will remain as the main driver for economic growth this year. Manila is targeting growth of 6 percent to 7 percent in 2013 after an upwardly revised 6.8 percent expansion the prior year.
(Writing by Rosemarie Francisco; Editing by Jacqueline Wong)