Manila, Jakarta top for residential property in 2014

Southeast Asia’s property markets are poised to see a surge in investment in 2014, according to a survey of 250 regional real estate developers and investors conducted by the Urban Land Institute. The 2014 “Emerging Trends in Real Estate: Asia-Pacific,” released today in Hong Kong, listed Manila as Asia’s top spot for residential-property development in the coming year. Jakarta came in third, Bangkok fifth and Ho Chi Minh City 10^th.

“This year you have a situation where the economic fundamentals are weaker, China has not been as strong and you have the prospect of tapering in the U.S. You would think investors would be less interested in picking up real estate, but that hasn’t happened,” said Colin Galloway, the forecast’s principal author. “But investors are looking at smaller, emerging markets to try and get the returns they can’t get in traditional core markets.”

In its eighth year, “Emerging Trends,” prepared by the Urban Land Institute and Pricewaterhouse Coopers, has emerged as one of most widely read forecasts in the real estate industry. This year, 250 private developers, real estate firms, builders, bankers, REIT executives and institutional investors were surveyed, with personal interviews conducted with 120.

The trends for 2014 follow two main themes: Japan has re-emerged as the region’s top target for new investment, and the combination of shrinking capitalization rates, rising prices and looming taper-related interest-rate hikes has investors looking toward emerging markets for the best returns.

The residential sector, the report concludes, will trail the office and industrial segments in popularity among investors in 2014, due to higher interest rates, already-high prices, and macro-prudential measures being taken in several countries to cool the property market. Singapore, Kuala Lumpur and Hong Kong lead the list of markets that are “particularly exposed,” Galloway wrote.

Top picks

There are bright spots for Southeast Asia, with Manila emerging as this year’s top investment pick.

“Of all the markets, that’s the one where people are looking to get in most,” Galloway said. “It’s easy to function there on a cultural basis. The levels of corruption are not as high as they once were. It’s has an English-speaking, educated workforce, and there is new interest in the Philippines from multinational companies looking to set up back-office facilities there, which drives demand from expatriates.”

The reason for Jakarta’s popularity, however, isn’t as easy to understand.

“It’s a bit of a mystery, really,” Galloway said, admitting that when Indonesia topped ULI’s 2013 list of investment picks, “we thought it was a fluke.” But when 2014’s results were tabulated, there again was Jakarta sitting at No. 3, behind only Manila and Tokyo.

“Indonesia is ‘difficult to operate in for lots of reasons … It has immense potential, as far as the whole outline of land development is concerned, but the problem that prevents us from going in is that of getting a clean land title.’ Beyond that, there is little incentive for local developers to partner with foreigners,” Galloway wrote, quoting one of more than 50 developers and investors he personally interviewed.

But investors are not betting on Jakarta “on blind promise,” Galloway said. “It has a strong economy, the consumer story is very good and it’s very short on stock. It has the highest rate of capital appreciation in Asia. And, despite the shortage of stock and lack of quality, if you are able to get in, you can do well.”

Other Southeast Asian residential-property markets

• Bangkok (5^th) – Survey respondents listed the Thai capital among their favorites more frequently this year, but experts remain guarded. The report classifies Bangkok as a “relatively less-competitive, higher-return market than Asia’s more-conventional destinations,” but cites risks in finding quality buys. Prices and rents have been rising and vacancy rates falling, however, so there’s upside in buying from an investment stance.

• Ho Chi Minh City (10^th) – Clobbered by two years of soaring inflation and bad loans, Vietnam’s largest city likely has hit bottom and investors say now is the time to get back into the property market there. “Residential real estate is a more-attractive investment than before,” the report states. Interest rates and gold prices are down and, a despite a severe shortage of quality stock, the pool is expected to increase 50 percent by 2121.

• Kuala Lumpur (15^th) – Investors and developers dealt Malaysia the biggest hit in this year’s survey due largely to a huge glut of supply. “While there is now less supply in the pipeline, there has been a speculative element to recent construction activity, especially in high-end residential projects. As one fund manager said, “last time I went to Kuala Lumpur, you see those residential buildings, empty blocks after blocks.”

Manila, Jakarta top for residential property in 2014 - 
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The Market Trend

Asia Pacific

In 2013, real estate transaction volumes hit their highest level since 2005, totalling USD90.4 billion (THB 2.98 trillion), a rise of 24.2 percent against full-year 2012 rates, according to a report from CBRE. The increase in volume was led by strong investment activity in Australia, China and Japan with these three markets each likewise recording their highest annual total since 2005. Japan was the standout performer with transaction volume surging a massive 110.5 percent year-on-year to USD23.7 billion (THB 781.39 billion) thanks to the implementation of stimulus policies that boosted market sentiment. Australia and China grew by 35.5 percent and 17.9 percent year-on-year, respectively.

Indonesia

Head of the developers’ association Indonesian Real Estate (REI), Eddy Hussy, announced that growth in the property sector would be held back 10 percent in 2014, New regulations, including changes to the Loan to Value policy and the institution of waiting periods for ordered houses are among the issues impacting real estate in the coming quarters. Hussy contends that regulations designed to reduce speculation will ultimately harm consumers speculation practices in the country’s robust property sector as it would eventually disadvantage consumers.

UK

Prime Central London’s buoyant rental market is experiencing a shortage of supply for family housing, according to a report from W.A. Ellis. Lucy Morton, senior partner and head of lettings at the real estate agency commented that “In the family house market, we are currently experiencing a shortage of supply, and we are encouraging investors to purchase family houses to satisfy the current demand. Due to the shortage, we are anticipating that rents will increase in this area of the market.”

- See more at: http://www.multilistingserviceindonesia.com

MLS Philippines Best tools available for real estate agents

Summary: The multi listing systems are now available online as well. These systems are very helpful tools to real estate brokers as well. 

Resource box: The multi listing service or MLS is very beneficial for real estate agents. They help in expanding the business as well as get most rewarding deals. 

With the online multi listing service or system websites, it is very easy for agents and brokers to list their properties for selling and buying. The so called multi listing service or MLS is not an abbreviation which is known to everyone. Many users are not aware of what the multi listing services are about. For them we are going to provide detailed information about MLS websites and what are their benefits. We will also list some of the points that you must keep in mind while dealing with such websites. 

The Online MLS Services of MLS Philippines

The multi listing system or service can be regarded as the suite of various services which are developed for the real estate brokers. These services are designed to offer the real estate brokers and agents a better option to coordinate with each other in regard of various deals. These services enable them to offer better service their clients, customers and public.
These onset of these services in the United States is very primitive and according to the extract from the US National Association of Realtors, “ In the late 1800s, real estate brokers regularly gathered at the offices of their local associations to share information about properties they were trying to sell. They agreed to compensate other brokers who helped sell those properties, and the first MLS was born, based on a fundamental principle that's unique to organised real estate: Help me sell my inventory and I'll help you sell yours.” This is how the multi listing systems came into existence. There are many benefits of these listing systems.
In terms of business conduct, the contractors or brokers who are a part of the MLS get to avail the compensation or commission rate higher than the normal. The commission rate can however be negotiated as per the terms and conditions of a deal between the listing broker and MLS participant brokers. 

Some points to keep into account 

Now you know what the multi listing systems are. They are not actually as much beneficial for the individual customers but for the brokers they can be very advantageous. They help the brokers to be part of a group of the local real estate brokerage community. This way, they can expand their services and also benefit their customers by offering more profitable deals. 

Some of the important points that agents and brokers should keep in mind while dealing with such a system are: 

• Always keep your data updated on the MLS to get more deals 
• Do not try to list the same property at many places as MLS maintains a common database for individual agents 
• Also list all your properties with specific description to make them more appealing to customers 
• If as a real estate agent you have any distinct recognition or award then do mention it on your MLS profile 

These are some very important points that you should keep in mind. This will enable you to make most of the multi listing systems and you will be able to expand your services easily.  

Check out our website at www.multlilistingservicephilippines.com

Why Multi Listing Service Systems are so important? 

Thats why MLS Global stands out in the crowd.

Summary: The multi listing service systems provide many benefits to individuals as well. Here we have listed all the information that you need to know about these systems. 

Resource box: Being part of a multi listing service has many benefits for you as an agent. Not only you get exposure to better deals but your commission rate is also increased. 

If you have ever bought a property or dealt with any kind of real estate deal then you must have heard of the multi listing service and system. With the real estate markets getting more dynamic and brutal it is very important to know about the multi listing service and the way you can use it. May be you already have an idea of what MLS is all about. For those who do not have any knowledge on what the MLS is and why it is used, we provide some basic information. 

Multi Listing Service Systems  

The MLS or multi listing systems or services is a group of services which are provided to the participant of the system in various forms of real estate deals. The participants of such a system are the real estate agents and brokers and they get many benefits by being a part of the MLS. They get  better property listing opportunities as well as more commissions on each deal. The terms and conditions of a MLS can differ as per the local real estate laws and the participants of the system. If you are also an agent who is dealing with real estate listing and selling then being a part of local MLS is going to benefit you a lot. 

Often we are asked by people, usually by the property agents and brokers about why the use of multi listing systems is advisable. We can give you many reasons about why you should use them and here we list the major benefits.

Benefits of Multi Listing ServiceSystems

The first and foremost importance of a MLS is that it provides you potential and real estate centric place to offer deals and get customers. There is no crowded market for the property listing and dealings. And the members of the listing system are able to list the properties and sell them using MLS. Therefore if you are an individual then opting for the services of an agent who is a part of any MLS will help you get most investments for your property. 

The description which is provided on the multi listing systems about the various aspects of a property is most concise and accurate. The pictures, area information, dimension specifications and what makes a property special is all shared on these systems. This helps you as a customer getting only genuine real estate deals and saves your time. 

Also when the property is listed on MLS there are various parameters involved for filtering the results like price range, number of bedrooms, additional amenities and a lot more. This way you property listed on MLS gets most attention. Even the more frequently the data is updated about a property or the agent on these systems the higher your property appears in the list. 

The best part of making use of the multi listing systems is that you do not just get the service of only one agent if your property is listed on these systems. You get attention of hundreds of agents in the local area who are participants of the service of MLS. 

These are some major benefits of these systems. Go ahead and be a part of a MLS for better understanding and reaping the advantages. 

Check us out at www.multilistingserviceturkey.com

Are you a smart real estate buyer?

Real estate buyers must be aware of some insights about the markets. Here we have detailed what information they should be aware of. 

Resource box: The modern day real estate services like multi listing service and systems help individual investors a lot. They help them in making investment only in legal properties. 

Real estate is a booming sector which has high potential to give high profits. The money power play in the real estate markets attracts millions of customers and agents. Some come to these markets to fulfill their necessities while others want to multiply their investments. Whatever may be your motive to dive into the real estate sector, one trait in always needed. This is smart vision to look into the markets of the real estate and make wise and viable choices among all the available options. Here we are going to provide you a deep insight into the real estate markets which will let you to know whether you are a smart buyer or not. 

What tools are you aware of?  

You think just smart and geeky guys need all those IT and automated tools to deal with their businesses? Then you were highly mistaken as now no field is complete without the use of the Internet and the online applications and tools. Therefore it is a necessity that you make use of the online tools for buying properties. 

If you are an agent then multi listing service tools can be of great help. The multi listing systems are designed to help the real estate agents with a suite of services for better business conduct. Making use of a multi listing service you can increase your customer base as well as become part of a larger real estate agents’ community. 

If you are an individual buyer then knowledge of online listing websites and real estate search engines like Zillow and Trulia and MLS Global is a necessity for you. These tools help you to get the relevant properties based on many parameters like size, price, amenities, locality and city. 

What all rules and laws do you need to know? 

Property dealing is some serious stuff and there are federal laws which govern each and every single transaction and deals in the real estate markets. It is better not to make any move that may attract law violation claims. 

The best way to get information on various laws is to make use of resources made available by the National Realtors Association on their official website. They also offer law handbook for individuals to make use of. Just make sure that you are aware of the legal status of the property deal that you are part of for your own benefit. 

Where and how you put the money? 

Money transactions which are made in the real estate markets are pretty sophisticated. Therefore it is necessary to make sure you invest your money with care. Do not ever invest into any development project which is not offering you documented information of the project. The registration, legal permission from the authorities and legal verification documents with registration details are some important documents that a developer should provide. 

These are some important points that you should keep into account. You are a smart investor already and we know it but it’s not such a bad idea to be extra careful. 

MLS fantastic promotion

Try out the fantastic promotion being offered by MLS North America, USA, Mexico and Canada

Advertising properties for sale is always an expensive business. If you, as a professional realtor or as a private seller wish to advertise your property in the newspapers and local magazines the cost of the insertions mount up. Furthermore they only reach a limited, local readership. To advertise further afield, in nationwide publications for example, is hugely expensive and the cost benefit ration becomes questionable. 

Of course most professionals will have their own websites and the properties on their books will be listed there. But those are rather hit and miss affairs as the browser needs to find the keywords to display the property concerned. 

But now there is the Multi listing Service United States which is part of the MLS Global network of properties. MLS Global is an organization which allows individuals as well as professionals to list their properties on a website which has over a million viewers every month from all over the world. Thus 1 listing in the USA has the potential to be seen by buyers from Germany, Japan, Italy, Israel, the United Kingdom or anywhere else where there are people who are looking to purchase property in your area. 

Furthermore they are now promoting the service of allowing a property owner or agent to list the property not only on the one website but on multiple MLS websites around the world while only paying the regular low single listing fee. 

What this means is that your desirable property, be it a farm in Wyoming, A condo on the beach in Cancun, and apartment in Ottawa or a house in Houston will appear on the regular listings in MLS Germany, MLS UK, MLS Hong Kong and so on. It matters not where or what the property details are, The photographs, the 360 degree virtual tour, the Video, the street map and the descriptions will automatically appear with the necessary bandwidth given at no extra charge on www.multilistingserviceusa.com, MLS Mexico, MLS Canada and on MLS Global for FREE!. 

So if you are an individual with a desirable property which you wish to sell then this is your chance to get a fantastic global coverage for the cost of a local listing. The advantages can't be emphasized enough as with all advertising the wider the audience the greater the probability of a sale. There is the option of paying a little extra to ensure the property is "featured". It is known that featured items sell faster as more buyers will look at the featured listings as a matter of course. 

For professionals there are some additional perks being offered. Selected professionals in Mexico, Canada and the United States are being given the opportunity to list up to five properties on all these sites for free. All listing are complete with all the tools and gadgets that are normal withal MLS listings and are available in 4 languages. 

So go at once to http://www.multilistingserviceusa.com/index.php?action=addon_signup_promo. Enter the code mlspromo and get you property seen by a world wide list of buyes who just may be looking for what you have to offer.

Multi Listing Services just got better

The first thing to say about the MLS brand is that it is forever changing the traditional way that selling property happens. Normally when a property owner decides to put his property on the market he will do a quick survey of his local area and decide what he needs to do to maximize the possible selling price. This will normally involve some repainting, maybe a quick upgrading of the kitchen and bathroom (2 areas that always increase the value of a property by more than they cost), and always making sure the place is clean and if there is a garden that it is neat and tidy with the lawn mowed and flower beds clear of weeds. 

Then they solicit the interest of the local realtors who will all advise on the possible selling price and, provided and agreement is reached will take their own photos and list the property on their books, websites and so on. Hopefully a client will come along and view the house, by arrangement, and make an acceptable offer and a sale agreement will be concluded. After that it all goes to notaries and mortgage companies and once it is all settled the sellers mortgage will be settled and a new Mortgage registered on the site. Out of the balance between the mortgage settlement fee and the amount the seller actually receives will be a number of fees by far the largest of which will be the commission due to the realtor. 

Well MLS is changing all that. 

For a start an individual with a property to sell is at liberty to list his own property on the MLS site for a small fee and then enjoy all the benefits available to normal members . These include unlimited text, Photographs including the 360 degree panoramas and virtual tours. 

Google Maps and Street views, Optimizers so the ads will show on mobile devices and connections to the social media such as Facebook, Twitter and LinkedIn. Then inclusion in the top international directories and all other of these benefits. 

Next and most importantly then is the fact that MLS Websites get over 1 million visitors every month and so there is a very good chance that the property will be viewed numerous times by the many buyers who are searching for properties such as yours and in your location. 

Now the benefits are manifold . Firstly MLS does not charge commission on its own. It allows the professional members to earn commission from the seller directly. Furthermore it allows a non professional to find a job as a realtor as anyone who believes they can find a buyer for any of the properties listed on any of the MLS Websites to agree to share the commission due to the whoever listed the property in the first place. 

So there are a great number of advantages to listing your property on the MLS Global Websites wherever it happens to be. Join the growing number of people using this new and effective way of buying and selling property.