Condominium properties in Makati CBD escalated by 5.3% since January this year. Last year, a 9.9%  escalation was reported for the same time period. Full-year rental rate increase is expected to temper to 10% compared with the 15% last year due to mounting supply pressure.

Among the residential market, Rockwell proves to lead the pack as its unit’s rents appreciated by 4.4% YTD. It is expected to have continuous growth YoY by as much as 10%.

OFW remittances are on track in achieving a 15% increase this year. First semester figures post a 17.2% increase from the same period last year. Despite the brewing economic turmoil in the US and other markets, Filipinos continue to remit. The increased number of skilled and higher paid workers abroad very much contribute to this continued growth in volume and and amount of remittances.