drbubb

The government lies! After decades of hearing so many lies, how easy will it be for people to believe Disclosures from new government whistleblowers. UFO experts have found holes in the stories of the ToTheStars insiders - but most still think the UFO video taken by a US pilot is authentic Ep. 806 FADE to BLACK : Richard Dolan breaks down Doty and DeLonge : LIVE / 2 / Have They Lied To Us About Absolutely EVERYTHING?? -- Bart Sibrel Published on Feb 18, 2018 Bart Sibrel, the producer and director of 'A Funny Thing Happened on the Way to the Moon' joins me to discuss the NASA Apollo moon missions and SpaceX. Bart firmly believes that NASA faked the moon landings and the evidence cited in this interview leads me to draw many of the the same conclusions. We know that the elite who run the world have lied to us about everything else, so what would make you believe they told us the truth about the Apollo missions when by NASA's own admission, they have "lost" the technology to go back? A Funny Thing Happened on the Way to the Moon https://www.youtube.com/watch?v=xciCJ... Did They Really Walk on the Moon 48 Years Ago on the Very First Attempt? http://www.thesleuthjournal.com/land-...

Interview with Robert Merritt DARK JOURNALIST EXCLUSIVE INTERVIEW WITH COVERT INSIDER ROBERT MERRITT REVEALS SECRET NIXON ET TIME CAPSULE! White House - Nixon ET Time Capsule - Huston Plan Insider Agent - National Archives INSIDER REVEALS PRESIDENT NIXON HID A TIME CAPSULE IN THE WHITE HOUSE THAT CONTAINS EXPLOSIVE ET/UFO DISCLOSURE! / 1 / / 2 / THREE MEETINGS THAT CHANGE HISTORY! In this historic Dark Journalist Episode Former Undercover Huston Plan Insider Robert Merritt steps forward for the first time ever in public reveals his Three Meetings with President Richard Nixon in a Deep Underground Location Beneath The White House! NIXON HID TIME CAPSULE WITH TOP SECRET INFORMATION IN THE WHITE HOUSE AFTER WATERGATE BREAK IN!

A San Antonio Renaissance? Even for some older buildings Older buildings in the area may eventually be good investments ... assuming near TechZone & Rise/Air continues to develop Palm Towers was built in 1996/2000 and is on St Paul Rd., parallel to Chino Roces From inside the Palm's internal driveway, The Rise dominates the view The Lobby area was recently renovated. The building was scheduled to complete in 1995/6, but do to financial difficulties, was delayed until 2000. At that time, units were sold at auction as cheaply as P15,000 per sqm, according to a contact who participated in the auction. (Note: P15,000 a "distress sale" price at auction would be just 23% of 2002 Makati Condo prices, near P65,000.) To get that relatively cheap, then Palm Tower units would need to be sold for 23% of the recent Makati Condo index of P174,700 psm - that's P40,300 per sqm - and only 1/5th of recent developer prices at The Rise. The Palm's Pool area is not bad for an older building. What's the Rent there - I don't have a lot of data, but I have this from a viber chat: " I went by Palm Tower this weekend, took some photos, and stopped by the Admin office, to see if they offered anything to rent. Surprisingly, they had only One unit, they mentioned to me: 3 BR of 67 sqm - offered at P35,000 / month - that's just over P500 psm. I also dropped by Avida Asten, where Tower 1 was completed end of last year - people are moving in. The guard told me, the cheapest unit is P20,000/ month. At 24sqm - that's near P800 psm. Avida Asten is brand new, and a better location. But using narrow streets, I could walk from Palm to Asten in maybe 5 minutes This place might work ... it might work for investors and tenants on a lower budget. If you can Rent at P 500psm and buy at P50,000 psm, you can earn a gross rent of 12%, and Net 10.8% after association fees of P50 psm/month (assuming that is the correct figure.) I wonder how well the rental demand will hold up, when all the newer and much more expensive buildings are finished. On the positive side, there is new office space in the area."

GCM wants to avoid dilution, as share price rises: + Old debs were conv. into 513 shs. + New debs get ONLY 124 wts. convertible at C$2.20, instead of abt. C$2.50, and that means 18.85 Million shares dilution on $152 million of debs, rather than 78 Million shares of dilution. Current shares OS: 20.45 million at 9.30.17 + an 8% coupon and an 8 year term Gran Colombia Announces Proposed Issuance of up to US$152 Million of Units to Improve Its Capital Structure and Reduce Potential Dilution of Common Shares February 05, 2018 (TSX: GCM) announced today that it has determined to offer for sale, on a best efforts private placement basis, up to 152,000 units (the “Units”) of the Company for anticipated aggregate gross proceeds of up to US$152,000,000 (the “Offering”)... The net proceeds of the Offering are expected to be used for (1) the redemption in full, at par, of the Company’s (a) Senior Unsecured Convertible Debentures due 2018, (b) Senior Secured Convertible Debentures due 2020 and (c) Senior Secured Convertible Debentures due 2024 (the securities referred to in (a), (b) and (c), collectively, the “Outstanding Debentures”) and (2) general corporate purposes. Gran Colombia Announces Terms for Its Proposed US$152 Million Debt Financing Feb.15, 2018 ... , in light of the current market conditions, we are proceeding with the Offering to allow the Company to simplify its capital structure, having just one long-term debt instrument, and to enhance shareholder value by capping the potential dilution ... The key terms being offered include: Each Unit will consist of US$1,000 principal amount of senior secured gold-linked notes (the “Notes”) and 124 common share purchase warrants (the “Warrants”) of the Company. Each Warrant will have an exercise price of CA$2.20 per warrant and will entitle the holder to purchase one common share at any time prior to the maturity of the Notes. Subject to minimum listing requirements, the Company will take commercially reasonable efforts to have the Warrants listed. The net proceeds of the Offering will be used for (1) the redemption in full, at par, of the Company’s (a) Senior Unsecured Convertible Debentures due 2018, (b) Senior Secured Convertible Debentures due 2020 and (c) Senior Secured Convertible Debentures due 2024 (the securities referred to in (a), (b) and (c), collectively, the “Outstanding Debentures”) and (2) general corporate purposes. The Notes will have an eight-year term and are non-callable for the first three years. The Notes will represent senior secured obligations of the Company, ranking pari passu with all present and future senior indebtedness and senior to all present and future subordinated indebtedness of the Company. Standard high yield covenants consistent with transactions of this nature will apply. The Notes will bear interest at 8.00% per annum, paid monthly. The Company will set aside an amount of physical gold each month in a trust account (the “Gold Trust Account”). On a quarterly basis, the physical gold in the Gold Trust Account will be sold and the sale proceeds will be used to amortize the principal amount of the Notes based on a guaranteed floor price of $1,250 per ounce. The Note holders will be entitled to receive a premium on the quarterly repayments based on the sale price realized up to a ceiling of $1,400 per ounce. The Company will retain any excess sale proceeds above $1,400 per ounce. The scheduled annual number of physical gold ounces to be deposited into the Gold Trust Account will vary by year, ranging from 23,000 ounces in the first year down to 4,000 ounces in the seventh year and a balance of 23,600 ounces in the final year of the term of the Notes. There is no mandatory redemption of the Notes prior to maturity, although the Company may be required to make an offer to repurchase the Notes if there is a change of control or following certain asset sale transactions. The Notes provide for standard high yield optional redemption provisions. Closing of the Offering will take place following receipt of shareholders’ approval for issuance of the Warrants as discussed below.

At Last! A Breakout for Gran Columbia GCM.t ... update : relative : 10-days : Date----- : GCM.t : 513sh: CAD$: NotVal: 1% Deb.: vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date: TotDebt: Shs-OS : MktValue : EntValue : Gold : OZ's 04/27/17 : $1.550 : 0,795 : 0.733 : 58.28 : $61.00, 78.0k: $45.97-04/28 : $80.50 : 100.7 - 04/28 : $146.7 : 20.45m*: C$31.7M: $169.9M/ 1266= 134.2k 12/29/17 : c$1.96 : 1,005 : 0.795 : 79.90 : $85.50, 50.0K: $45.97-09/30: $98.00 : $95.7 - 09/30 : $141.1 : 20.45m*: C$40.1M: $172.0M/ 1309= 132.1k oz 01/16/18 : c$2.22 : 1,139 : 0.803 : 91.45 : $90.75, 109.K: $45.97-09/30: $98.00 : $95.7 - 09/30 : $141.1 : 20.45m*: C$45.4M: $177.6M/ 1337= 132.8k oz. 02/15/18 : c$2.40 : 1,231 : 0.801 : 98.60 : $98.00, 121.K: $45.97-09/30: $98.50 : $95.7 - 09/30 : $141.1 : 20.45m*: C$49.1M: $180.4M/ 1359= 132.8k oz.

Property Developer / QUESTIONS - concerning stock weakness LOOK AT DMCI ! this is a good quality developer - and the chart looks like it is already rolling over. If the market was as fundamentally strong as Colliers is pretending it is, would the chart be so weak? I doubt it DMC / DMCI Holdings ... update 2. CPG / Century Property Group ... Last P0.435 (new low) Have you seen the chart for Century Properties recently? Today, it made a new Low for the year at P 0.435 3. MEG / Megaworld ... 12-months's range : P3.38 - 5.85 / last: P4.79 MEG is also near a low for THIS year, 2018. 4. FLI / Filinvest Land ... 12-month's range : 1.60 to 2.25 / last: P1.79 Filinvest Land is near recent Lows, & only about 10% off 2017's Lows. 5. ALI / Ayala Land Corp ... 12-mo's range : 33.05 to 47.50 / 43.95 - 2.55% ALI 's chart is more healthy. They are a Blue Chip developer. Along with SMPH. ALI announced its profits for 2017 yesterday : Up 21% to 25.3 Billion. Properties revenues rose 13% for the year, with growth accelerating (+17%) in Q4. But overall, these charts do not seem to be consistent with the Record Property prices -- and the record prices & big price rises we are seeing in Condos

Property Developer / QUESTIONS - concerning stock weakness LOOK AT DMCI ! this is a good quality developer - and the chart looks like it is already rolling over. If the market was as fundamentally strong as Colliers is pretending it is, would the chart be so weak? I doubt it DMC / DMCI Holdings ... update 2. CPG / Century Property Group ... Last P0.435 (new low) Have you seen the chart for Century Properties recently? Today, it made a new Low for the year at P 0.435 3. MEG / Megaworld ... 12-months's range : P3.38 - 5.85 / last: P4.79 MEG is also near a low for THIS year, 2018. 4. FLI / Filinvest Land ... 12-month's range : 1.60 to 2.25 / last: P1.79 Filinvest Land is near recent Lows, & only about 10% off 2017's Lows. 5. ALI / Ayala Land Corp ... 12-mo's range : 33.05 to 47.50 / 43.95 - 2.55% ALI 's chart is more healthy. They are a Blue Chip developer. Along with SMPH. ALI announced its profits for 2017 yesterday : Up 21% to 25.3 Billion. Properties revenues rose 13% for the year, with growth accelerating (+17%) in Q4. But overall, these charts do not seem to be consistent with the Record Property prices -- and the record prices & big price rises we are seeing in Condos

QUESTIONS - concerning stock weakness LOOK AT DMCI ! this is a good quality developer - and the chart looks like it is already rolling over. If the market was as fundamentally strong as Colliers is pretending it is, would the chart be so weak? I doubt it DMC / DMCI Holdings ... update

A World First: Gibraltar Plans to Regulate and Legalize Initial Coin Offerings The Government of Gibraltar is weighing up legislation to regulate initial coin offerings (ICOs) and their secondary markets. In an announcement by the Gibraltar Financial Services Commission (GFSC) today, the financial watchdog for the British Overseas Territory said the government and the authority are jointly developing legislation for blockchain-based token offerings in the territory. The decision follows a discussion by the government with local stakeholders in December after an initial September statement outlined authorities’ intent to introduce a ‘complementary regulatory framework covering the promotion and sale of tokens.’ “A new regulatory framework for DLT which will become operational as from January 2018 will regulate the activities of firms, operating in or from Gibraltar, that use DLT to store or transmit value belonging to others, such as virtual currency exchanges,” an excerpt from the statement said at the time. And so, it has proved, with work toward regulatory draft laws currently underway. Specifically, the draft laws will push for the regulation of ICO operators’ promotion, sale and distribution of tokens; the secondary trading markets related to these tokens located in the territory and businesses offering investment advice related to tokens in Gibraltar. As a result, the regulations will mandate ICO issuers to follow disclosure rules that includes ‘adequate accurate and balanced disclosure of information’ to all prospective token buyers. Further, the regulations will also establish mechanisms to prevent financial crime. According to Gibraltar’s commerce minister Albert Isola, the regulatory move will coincide with authorities’ intent to protect consumers and safeguard companies offering token sales in Gibraltar. GFSC senior advisor on distributed ledger technology (DLT) Siân Jones added: “One of the key aspects of the token regulations is that we will be introducing the concept of regulating authorised sponsors who will be responsible for assuring compliance with disclosure and financial crime rules.” Notably, the government’s announcement also hinted at the prospect of regulated investment funds dealing with cryptocurrencies and ICOs, a development that is currently under review. The bill is expected to reach the Parliament’s floor sometime in Q2 2018. If passed into law, Gibraltar will prove an attractive destination for businesses weighing up token sales in the coming months and cryptocurrency investment funds in the future. > https://www.ccn.com/world-first-gibraltar-plans-regulate-legalize-initial-coin-offerings/

Home Prices Hit Records... Home prices jumped to all-time highs in almost two-thirds of U.S. cities in the fourth quarter as buyers battled for a record-low supply of listings. Prices for single-family homes, which climbed 5.3 percent from a year earlier nationally, reached a peak in 64 percent of metropolitan areas measured, the National Association of Realtors said Tuesday. Of the 177 regions in the group’s survey, 15 percent had double-digit price growth, up from 11 percent in the third quarter. Home values have grown steadily as the improving job market drives demand for a scarcity of properties on the market. While prices jumped 48 percent since 2011, incomes have climbed only 15 percent, putting purchases out of reach for many would-be buyers. The consistent price gains “have certainly been great news for homeowners, and especially for those who were at one time in a negative equity situation,” Lawrence Yun, the Realtors group’s chief economist, said in a statement. “However, the shortage of new homes being built over the past decade is really burdening local markets and making homebuying less affordable.” Sales of previously owned homes, including single-family houses and condos, increased 4.3 percent to a seasonally adjusted rate of 5.62 million in the fourth quarter, the Realtors said. At the end of December, only 1.48 million existing homes were available for sale, 10.3 percent less than a year earlier. The most expensive markets were San Jose, California, where the median price was $1.27 million, followed by San Francisco, the Irvine, California, area, Honolulu and San Diego.

Record Condo sales in 2017 Business World picked this up from the Colliers Q4-2017 Report + 52,600 condos sold in 2017, up 25.2% from 42,000 in 2016 + "Helped by last-minute launches" + "The uptrend in prices will likely continue", quoting Dinbo Macaranas, Colliers Sr. Research Mgr + Rents, by contrast, "showed only modest growth" - in fact Makati's 3BR rents ropped to P803 psm The given reasons for the price growth: Metro Manila's rental yield of 5.3% beats Top Asian cities (BK: 4.4%, SG: 2.9%, HK: 2.0% - only Jakarta's 8% & Ho Chi Minh's 6% beat Manila.) (They don't mention "safe haven buying" by mainland Chinese... & possibly Koreans)

Added to Weekly Recap on DrBubb's Diary: PH:PSei === Gold : 1151.7 : 1309.3 : +13.7% : 1322.3 : 1334.5 : 1333.1 : 1352.1 : 1337.3 : 1315.7 : - 1.62% Au/hd: r1.401 : r1.58E : ====== : r1.584 : r-1.610 : r-1.575 : r-1.589 : r-1.589 : r-1.603 : Hold : 822.17 : 830.00 : +01.0% : 834.86 : 828.96 : 846.67 : 851.06 : 841.35 : 820.71 : GDX- : $20.92 : $23.24 : +11.1% : $23.67: $24.01 : $23.65 : $24.35 : $22.91 : $21.68 : WPM: $19.32 : $22.27 : +15.3% : $21.95 : $21.90 : $22.20 : $22.16 : $21.13 : $19.02 : Gdxj : $31.55 : $34.13 : +8.18% : $34.48 : $34.94 : $34.40 : $34.79 : $32.29 : $30.63 : PHM: $18.38 : $33.34 : +81.4% : $34.54 : $34.48 : $34.60 : $34.52 : $30.70 : $28.71 : EEM- : $35.01 : $47.30 : +35.1% : $49.13 : $49.51 : $50.44 : $51.29 : $49.05 : $46.42 : - 5.36% ShCm: 3103.7 : 3307.2 : +6.56% : 3391.8 : 3428.9 : 3487.8 : 3500.0 : 3462.1 : 3155.0 : - 8.88% PhpSi: 6840.6 : 8558.4 : +25.1% : 8770.0 : 8814.6 : 8915.9 : 9041.2 : 8810.8 : 8503.7 : - 3.49% IWM- : 134.85 : 152.43 : +13.0% : 154.75 : 158.16 : 158.60 : 159.60 : 153.83 : 146.77 : - 4.59% XLF- : $23.25 : $27.19 : +16.9% : $28.41 : $29.23 : $29.54 : $30.17 : $29.36 : $27.68 : - 5.73% F/iwm 0.1724 : 0.1784 : ====== : 0.1836 : 0.1848 : 0.1862 : 0.1909 : 0.1909 : 0.1886 : BTC-- : $948.5 : 13,100 : x13.8X : 15,840 : 13,622 : 11,500 : 11,500 : $8,800 : $8,840 : ==== : Fye'16 : Fye'17 : +-%chg : 01/05 : 01/12 : 01/19 : 01/26 : 02/02 : 02/09 :

"DEEP STATE HAS LOST" "The house of cards is coming down... it is like the bottom card has been pulled, & we are watching the cards come down" Military Tribunals - The Time Has Come "The Dems cannot admit that it is the Illegal vote that props up the Dems... they cannot pass laws to regulate those Illegals that support them." / 2 / Trump is winning (it seems). But "the Secret Service is on high alert". NEW Q-DROP - FEB 9th- yikes, it's YUGE! Big news was promised "Next Week" = this week. "You can't sleep. We can help." (better confess?)

Rise-vs-Air : Air Won! The Rise is close to Topping-Off, but Air got there first

BSP Raises 2018 Inflation Forecast to 4.3% - Phil. Daily Inquirer, pg. B1, 2/2/2018 And the 2019 forecast is up from 3.2 pct to 3.5 pct, near the high end of 2-4 percent projected range + The Monetary board kept interest rate policy steady in its latest guidance, announced this week + Impact of the TRAIN tax changes was not included in previous projection; now passed and included + TRAIN added excise taxes on oil, cigarettes, sugary drinks, and cars + Rate of increase in basic good of 4% through last month was fastest since 4.3 in October 2017 + Some of increase was blamed on lingering effects of two typhoons

CBD stock breaches 100,000 units Total condominium stock in Metro Manila's CBDs reached 101,500 units. Approximately 2,900 units were delivered in 4Q 2017 alone. The completions during the quarter were concentrated in Fort Bonifacio and Makati CBD, allowing them to increase their lead as the two biggest shareholders among submarkets with 27% and 25% of total stock respectively. They were followed by Ortigas Center with 17% and Manila Bay Area with 11%. We noted a few delays in building completions in 4Q 2017, which put the full year total to 10,400 units or 35% lower than earlier estimates. Supply additions for 2018? Estimated at a truly huge 27,200 units (+26.8%). 2019: 8,200; 2020: 3,100 M-Bay: +11,900 (+108.2%), BGC: +9,300 (+33.8%), Makati CBD: +2,600 (+10.4%), Ortigas: +1,100 (6.3%) Collier's estimates vacancies "flat" at 12.6% "due to delays", and now expects it to rise "to the mid-teens", before falling back. RENTS 4Q /2016 : 150.6k : 6.67% : 0,837 : - 0.36 %: - 5.21% / 0,560 - 1,100 / 0,640 - 1,020 / 0,780 - 1,070 : 1Q /2017 : 154.6k : 6.39% : 0,823 : - 1.67 %: - 4.86% / 0,560 - 1,080 / 0,630 - 1,000 / 0,760 - 1,050 : 2Q /2017 : 161.5k : 6.08% : 0,818 : - 0.71 %: - 4.33% / 0,540 - 1,080 / 0,610 - 1,010 / 0,760 - 1,010 : 3Q /2017 : 167.0k : 5.81% : 0,809 : - 1.10 %: - 3.70% / 0,530 - 1,080 / 0,600 - 1,000 / 0,730 - 1,040 : 4Q /2017 : 100.0k : 0.00% : 0,800 : - 1.11 %: - 4.42% / 0,530 - 1,070 / 0,620 - 1,000 / 0,730 - 1,020 : Qtr /Year : Mak-Mid.Yield : Rent : QonQtr : YronYr / Lo- Makati-H / L-Bonfacio-H / L-Rockw- H / PRICES 4Q /2016 : 150,600e +2.81% : - 0.00 % : 109,000- 192.2K* : 110,500 - 226,400 : 188,400 - 207,700 : *274.6k x70% adj. 1Q /2017 : 154,600e +2.65% : + 1.71 % : P97,400- 192.2K* : 110,500 - 235,500 : 186,500 - 218,600 : *274.5k x77% adj. >post#301 2Q /2017 : 161,500e +4.46% : + 9.44 % : 108,900- 214.1K* : 110,500 - 236,200 : 188,800 - 226,500 : *274.5k x78% adj. >post#323 3Q /2017 : 167,000e +3.41% : + 14.0 % : 111,600- 222.3k* : 111,600 - 238,600 : 197,200 - 236,600 : *277.9k x80% adj. >post#351 4Q /2017 : 174,700e +4.61% : + 16.0 % : 111,700- 237.7k* : 112,000 - 239,400 : 198,000 - 244,300 : *286.4k x83% adj. Qtr / Yr. : Mak-Mid. QonQtr : Yr.onYr. / Low - Makati - H / Low -Bonfacio- H / Low -Rockwell- H / > CONDOS,2017-Q4, Colliers: http://www.colliers.com/-/media/files/marketing reports/4q2017_colliers_quarterly_residential.pdf

HOT TOURISM (& Mainland Chinese buying) - may be sustaining the Property market (However, NAIA is operating at maybe 90% of capacity - so Clark needs development.) "Foreign arrivals to the Philippines reached a record-high in 2017 and this sustained hotel occupancy rates across Metro Manila. We believe that continued arrivals from the country’s major sources of visitors coupled with the improvement of the country’s infrastructure backbone and aggressive implementation of tourism marketing programmes should play a key role in attracting more tourists in 2018 Visitors Visitors from neighbouring countries continue to dominate arrivals. Data from the Tourism department show that in 2017, 1.61 million Koreans visited the country followed by Chinese and Japanese tourists. The three markets accounted for 45% of total visitors during the year. Meanwhile, arrivals from the USA... reached 957,813 Supply Colliers sees at least 3,400 new rooms being completed this year. From 2019 to 2021, we see an annual increase of about 1,900 units to Metro Manila’s stock. More than half of the new rooms will be in the Manila Bay Area Vacancy rate We project a lower occupancy rate of 65-68% this year due to the significant number of new rooms projected to open, especially in the Manila Bay Area. Colliers sees occupancy rebounding to 65-70% in 2019 to 2020 as delivery of new rooms tapers off. Future Suggestion We encourage firms to consider developing hotels near transport terminals including the proposed subways and airports and diversify outside Metro Manila. Developers and operators should emphasise cultural and historical aspects of old buildings that could be redeveloped into accommodation facilities." > 2017-Q4-Hotels: http://www.colliers.com/-/media/files/marketing reports/4q2017_colliers_quarterly_hotel.pdf

M-Bay area - the hyper-spot of PH property bubble?: "The same is also true for the Bay Area where SMDC raised the price for most 27square meter Breeze units from 5M to 6M. (it is quite unusual that prices are still rising despite this development completed in 2Q-3Q 2017)" I reckon that tens of thousands of Mainland Chinese visitors stay in Manila Bay to be near the casinos. Chinese like looking at and buying property, So they visit the nearby showrooms, "like lambs to the slaughter" maybe. It should be easy to SELL the properties to these types of buyers, (or to their PH based friends or relatives who buy on their behalf) The CRUNCH time, will come when they try to Rent them - Who will rent there? And at what yield? There is a really huge supply coming* at M-Bay, and at probably the main tenants are going to be short term lets to tourists. Watch this space, because I reckon it will eventually end in tears. This is my personal opinion, and I could be wrong, but I think the Rental rates are the thing to watch in M-Bay. I have friends who live in Burgos, who tell me after 3-4 visits many Chinese visitors wind up in Burgos, or Manila, because they get bored in Manila Bay. How many (losing?) visits to the casino do you want before you want different fun? ===== *Manila-Bay Area Supply, is slated to rise by about 12,000 units in 2018 alone - that is a doubling in just one year!

HOT TOURISM (& Mainland Chinese buying) - may be sustaining the Property market (However, NAIA is operating at maybe 90% of capacity - so Clark needs development.) "Foreign arrivals to the Philippines reached a record-high in 2017 and this sustained hotel occupancy rates across Metro Manila. We believe that continued arrivals from the country’s major sources of visitors coupled with the improvement of the country’s infrastructure backbone and aggressive implementation of tourism marketing programmes should play a key role in attracting more tourists in 2018 Visitors Visitors from neighbouring countries continue to dominate arrivals. Data from the Tourism department show that in 2017, 1.61 million Koreans visited the country followed by Chinese and Japanese tourists. The three markets accounted for 45% of total visitors during the year. Meanwhile, arrivals from the USA... reached 957,813 Supply Colliers sees at least 3,400 new rooms being completed this year. From 2019 to 2021, we see an annual increase of about 1,900 units to Metro Manila’s stock. More than half of the new rooms will be in the Manila Bay Area Vacancy rate We project a lower occupancy rate of 65-68% this year due to the significant number of new rooms projected to open, especially in the Manila Bay Area. Colliers sees occupancy rebounding to 65-70% in 2019 to 2020 as delivery of new rooms tapers off. Future Suggestion We encourage firms to consider developing hotels near transport terminals including the proposed subways and airports and diversify outside Metro Manila. Developers and operators should emphasise cultural and historical aspects of old buildings that could be redeveloped into accommodation facilities." > 2017-Q4-Hotels: http://www.colliers.com/-/media/files/marketing reports/4q2017_colliers_quarterly_hotel.pdf

M-Bay area - the hyper-spot of PH property bubble?: ""The same is also true for the Bay Area where SMDC raised the price for most 27square meter Breeze units from 5M to 6M. (it is quite unusual that prices are still rising despite this development completed in 2Q-3Q 2017)" I reckon that tens of thousands of Mainland Chinese visitors stay in Manila Bay to be near the casinos. Chinese like looking at and buying property, So they visit the nearby showrooms, "like lambs to the slaughter" maybe. It should be easy to SELL the properties to these types of buyers, (or to their PH based friends or relatives who buy on their behalf) The CRUNCH time, will come when they try to Rent them - Who will rent there? And at what yield? There is a really huge supply coming* at M-Bay, and at probably the main tenants are going to be short term lets to tourists. Watch this space, because I reckon it will eventually end in tears. This is my personal opinion, and I could be wrong, but I think the Rental rates are the thing to watch in M-Bay. I have friends who live in Burgos, who tell me after 3-4 visits many Chinese visitors wind up in Burgos, or Manila, because they get bored in Manila Bay. How many (losing?) visits to the casino do you want before you want different fun? ===== *Manila-Bay Area Supply, is slated to rise by about 12,000 units in 2018 alone - that is a doubling in just one year!

RISING COSTS will (eventually) lift all the boats Interesting, ECB. " "Rents down. Prices up. They still forecast Makati 3Br condo price to increase by 13,8pct from 4Q2017 to 4Q2018. The lower band for 3Br is PHP110,300 per square meter. When I checked the ads on OLX.ph I found the San Lorenzo Place units -- and there are 3 of them - offered for around PHP110,300 per square meter (8,5M instead of the 11,5M market price)." The square units on the end, with the extra window, are the really nice ones, imho. (2BR or 3BR? I forget) Location is great, because of the direct connection to Magallanes station on the MRT. Chino Roces is the next Condo-building hotspot. Avida will launch their Wyeth Project in the second half Studios there (maybe 22sqm) are likely to be: "P 4million ... or higher." I was told by a senior sales mgr. at Avida yesterday (If they sell at P2 million, they would only just recover the B4 billion Land cost... not the rest of construction costs.) >

Gold (GLD) has had a nice run relative to Bonds (TLT) GLD-vsTLT ... update : 10-yr : 10-yr : Ratio : GLD-toTLT ... Gold needs to punch thru resistance, or get some help from Bond prices, if it is to go higher

LAND VALUES This advert may give some idea of land values in the area : P 260k per sqm 1980sqm Commercial lot along EDSA, beside Boni MRT Station, Mandaluyong City @ Mandaluyong City Php 515,000,000 / 1980 = P 260,101 per sqm Details Lot Area: 1980 sqm Frontage: 44 Meters (Edsa & Sierra Madre) Description: Rectangular lot, almost square lot located right beside Globe Asiatique Towers, beside the Boni MRT Station. Ideal for a residential/ office condominium project. Thru lot to Sierra Madre St behind Edsa. with an existing 8 storey building, fully leased out. For sale only, not for joint ventures. Email / phone for inquiries: Arch. Joseph C. Chua UAP / PAREB - QCRB/NAMPAP/FSP 0917-819-4131/ 664-5830

FASCINATING Brooks Agnew's "FACTion" about present History / Current Events BROOKS AGNEW : THE RISE OF THE CLINTON CRIME SYNDICATE =

House prices tumble again as buyers face a squeeze Russell Lynch, Evening Standard Wed, 7 Feb More signs of a deflating property market emerged on Wednesday as prices fell for the second month in a row for the first time since the Brexit vote, according to lender Halifax. Average prices fell 0.6% in January on the back of a 0.8% decline in December, the first time house prices have marked successive monthly declines since July and August 2016. In annual terms house prices are 2.2% ahead of a year earlier, which is the weakest growth since last July. The latest signs of weakness, which follow recent stronger signals from the Nationwide benchmark, come after the Bank of England’s first rate rise in a decade in November. Market speculation is mounting that policymakers could move again in May. Although Halifax says that prices are being supported by a lack of homes for sale, potential buyers are facing a squeeze on real incomes, with inflation still higher than wage growth. Chancellor Philip Hammond abolished stamp duty for first-time buyers on property up to £300,000 in November’s budget but Halifax’s Russell Galley, said “it’s still too early to see any impact” on house prices. Mortgage approvals for new house purchases have also dropped sharply since the rate rise, putting more pressure on the market. > https://uk.yahoo.com/news/house-prices-tumble-again-buyers-102800618.html