Connect with us

Hi, what are you looking for?


Land values steady in CBDs, says Lobien

COMMERCIAL PROPERTY values in Metro Manila’s central business districts (CBDs) have remained steady despite a slowdown in office space take-up amid the pandemic, Lobien Realty Group (LRG) said.

In a statement, LRG said it has not seen any significant decline in land values in CBDs, mainly due to the “low and finite supply of land in these locations.”

Selling prices in Makati and Taguig business districts range from P400,000 to P1 million per square meter (sq.m.), while the so-called Bay City area commands selling rates of P300,000 to P500,000.

Selling prices in Pasig CBD range from P280,000 to P350,000 per sq.m., while Alabang CBD rates range from P250,000 to P400,000. Properties in Quezon City can sell from between P170,000 to P230,000 per sq.m.

LRG CEO Sheila G. Lobien said capital values will likely bounce back to pre-pandemic levels once the economy recovers.

While there are some landowners who may need to sell properties at lower prices for debt servicing, she noted these are few and “not yet currently in the radar.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



A UK-backed mission which will search for Earth-like planets orbiting alien stars has been given the green light to continue with its development after...


According to a new survey a staggering 3 out of 5 UK professionals are unhappy with their current salary. The study, which surveyed 1,500...


A mental health crisis is looming among small business owners – with 82% reporting that their mental health has already declined due to the...


One of Britain’s biggest banks has called on the “social conscience” of large businesses to encourage them to settle bills to small and medium-sized...


The UK’s deep regional divides are widening despite the government’s promises to level up the country, a think tank for the north of England...


Britons are consuming too much alcohol at home due to sessions lasting longer than pub visits, an expert said, after data suggested millions of...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.