High-end residential property prices in Manila have risen by more than 13 percent year-on-year, and 1.6 percent between Q3 and Q2 this year, according to new data from real estate firm JLL.
The news from JLL in its Residential Index for Q3 2015 showed Manila enjoyed the best-performing high-end residential market in the year ending September, however the mediocre 1.3 percent quarterly rise many indicate a slowdown in price growth at the top end of the market.
The top-end sector of Jakarta’s residential property market came closest to matching Manila’s meteoric yearly gains.
Elsewhere, JLL reported that only eight of its featured markets saw price growth above 1 percent.
The company said that it expects a mixed performance for sales across the region right through until the end of next year, citing further weakness in Singapore and investors remaining on the sidelines in Hong Kong.
Read the full JLL Residential Index Q3 2015 report here.
