By the second quarter of 2013, Colliers projected that land values would exceed P300,000 a square meter in the Makati CBD and P200,000 in Ortigas. Specifically, land values were forecast to hit P303,009 in Makati, P225,000 in BGC and P136,014 in Ortigas.
As of end-June this year, per square meter land values averaged P284,635 in Makati CBD, P192,574 in BGC and P131,427 in Ortigas. On a quarter-on-quarter basis, these figures were higher by 0.2 percent, 1.4 percent and 0.5 percent, respectively.
For grade-A residential units, rental rates in Rockwell, estimated at P675 to P900 a square meter, was seen to grow by 4 percent over the next 12 months. In BGC, the rental rate is seen to rise by 6 percent from P560 to P830 over the same period, and in Ortigas, by 5 percent from P270 to P460.
In terms of vacancy rates, Ortigas has the highest at 13.5 percent, followed by Makati CBD at 11.71 percent and BGC at 9.06 percent. Rockwell has the lowest at 3.4 percent, based on Colliers research.
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