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Commercial Office Brokers : KMC MAG Group Offering assistance to clients seeking to Rent offices (incl. PEZA accredited ones) near Ayala Avenue KMC-Mag handles : Cl.: Building------- : Built: St : M's- : Telcos---- A : 6750 Ayala Ave : 1993: 00 : 000 : P, G------ A : 6780 Ayala Ave : 1996: 00 : 000 : Open to All A : Convergys One : 19??: 00 : 000 : ??? ------ A : GT Int't Tower - : 2001: 00 : 000 : P, G&E, S A : Glorietta 1 Corp : 2012: 00 : 000 : P, G------ === Telcos: PLDT, Globe & Eastern, Smart > MORE: http://www.slideshare.net/kmcmaggroup/peza-accredited-buildings-and-office-spaces-for-rent-in-makati-26293381 PEZA Overview - Philippine Economic Zone Authority Businesses registered with the Philippine Economic Zone Authority (PEZA) are entitled to a holiday from income tax and local taxes for four to eight years. After that, they are subject to 5% tax on gross income (sales less direct costs) in lieu of all local and national taxes. Businesses that are registered with the Subic Bay Metropolitan Authority (SBMS) or Subic Bay Freeport Zone, which administers the economic zone established by the conversion of the former United States military base in Subic, are also subject to the special 5% tax, but are not entitled to tax holidays. The same benefits are accorded to qualified industries registered with the Clark Development Corporation and located in the Clark Freeport Zone. To avail of the incentives offered by PEZA an enterprise must register with PEZA and locate their operation in one of the zones. PEZA registrants must generally be export-oriented, with enterprises located inside the zones required to export 100% of their production KMC MAG Group is founded and managed by two Americans that have been involved in the BPO, IT, consulting and outsourcing industries in Makati, Philippines for a combined 12 years. We specialize in commercial leased office space, seat rentals in call centers and condos in the Philippines, specifically Metro-Manila (Makati, Manila, Fort Bonifacio, Ortigas, Alabang). We are a licensed professional real estate brokerage firm with experience in dealing with both local and foreign companies setting up in the Philippines. Our team of licensed real estate brokers specialize mainly in office space for Call Centers, IT and other BPO businesses in Metro-Manila, Philippines.

Makati's plan for a P 1 Billion : BUS Rapid Transit System Dela Rosa walkway extension was opened yesterday - is now the longest in PH Summary of a story which appeared in today's Manila Bulletin Key Points: ======== + A business group, Makati Commercial Estate Assoc. (MACEA), whose member own comm'l buildings in Makati has submitted a plan to the govt for a P 1 Bn BRT system. The plan involves private financing under a Build-Operate-Transfer (BOT) arrangement + The first step is to get approval at the local and national levels + There is a plan for six underground stations, starting at the corner of EDSA and Ayala Avenues + From there, it would go down Ayala Avenue, and turn left at Gil Puyat Ave. (Buendia), and continue on to end at the Buendia station, also called Taft Ave. on LRT-1, Light Rail line. + It would utilize existing buses, and the space presently given over to the center islands along Ayala Ave. + It will connect with the larger BRT system for Greater Manila has already been approved, and is now arranging financing + MACEA's plans also include spending on pedestrian facilities in Makati. P 497M has already been spent, and the works include the 305 meter extension of the DelaRosa walkway, which opened on Monday (yesterday) A key source of this information was: Manuel Blas 2, VP within the strategic landbank mgmt group of Ayalaland

Makati's plan for a P 1 Billion : BUS Rapid Transit System Summary of a story which appeared in today's Manila Bulletin Key Points: ======== + A business group, Makati Commercial Estate Assoc. (MACEA), whose member own comm'l buildings in Makati has submitted a plan to the govt for a P 1 Bn BRT system. The plan involves private financing under a Build-Operate-Transfer (BOT) arrangement + The first step is to get approval at the local and national levels + There is a plan a BRT route with six underground stations, starting at the corner of EDSA and Ayala Avenues + From there, it would go down Ayala Avenue, and turn left at Gil Puyat Ave. (Buendia), and continue on to end at the Buendia station, also called Taft Ave. on LRT-1, Light Rail line. + It would utilize existing buses, and the space presently given over to the center islands along Ayala Ave. + It will connect with the larger BRT system for Greater Manila has already been approved, and is now arranging financing + MACEA's plans also include spending on pedestrian facilities in Makati. P 497M has already been spent, and the works include the 305 meter extension of the DelaRosa walkway, which opened on Monday (yesterday) A key source of this information was: Manuel Blas II, VP within the strategic landbank mgmt group of Ayalaland

Makati's plan for a P 1 Billion : BUS Rapid Transit System Dela Rosa walkway extension was opened yesterday - is now the longest in PH "ongoing projects include sidewalk enhancements for de la Rosa, Valero and their connecting streets, as well as the on grade covered walkway along Valero, V.A.Ruffino and de la Rosa streets." Summary of a story which appeared in today's Manila Bulletin Key Points: ======== + A business group, Makati Commercial Estate Assoc. (MACEA), whose member own comm'l buildings in Makati has submitted a plan to the govt for a P 1 Bn BRT system. The plan involves private financing under a Build-Operate-Transfer (BOT) arrangement + The first step is to get approval at the local and national levels + There is a plan for six underground stations, starting at the corner of EDSA and Ayala Avenues + From there, it would go down Ayala Avenue, and turn left at Gil Puyat Ave. (Buendia), and continue on to end at the Buendia station, also called Taft Ave. on LRT-1, Light Rail line. + It would utilize existing buses, and the space presently given over to the center islands along Ayala Ave. + It will connect with the larger BRT system for Greater Manila has already been approved, and is now arranging financing + MACEA's plans also include spending on pedestrian facilities in Makati. P 497M has already been spent, and the works include the 305 meter extension of the DelaRosa walkway, which opened on Monday (yesterday) A key source of this information was: Manuel Blas 2, VP within the strategic landbank mgmt group of Ayalaland

OFFICE, Q3-2016 EXTREME TIGHTNESS in Makati Office space, even as Residential Rents Fall Excerpts, from the Colliers Quarterly Review : 10 November 2016 Forecast New Office Supply (NUA, in sq m) Location: Makati- : -Ortigas- : FtBonifacio: Alabang : Man.Bay : +? = TOTAL : end'15 : 2,853,034 : 1,380,282 : 1,170,503: .. 389,701: .. 257,422 : : 7,504,365 :2016 F : . . 13,250 : . . 14,503 : .. 177,845 : . . 35,562 : . . 61,536 : ? . . 450,385 :2017 F : . . 16,465 : . . 60,617 : .. 385,695 : . . 86,658 : . . 73,755 : ? . . 817,968 :2018 F : . . 41,326 : . . 45,673 : .. 173,114 : . . . .- 00 - : ..142,351 : ? . . 756,754 :2019 F : . . 50,362 : . . . .- 00 - : .. 250,401 : . . 58,277 : ..123,452 : ? . . 881,965 :2020 F : .. 183,453 : .. 278,445 : . . 29,634 : . . 35,010 : ..105,572 : ? . . 840,096 TOTAL : 3,157,891 : 1,779,520 : 2,187,192 : . 605,207 : . 764,089 : : 11,251,533 +change : + 10.7% : .. + 28.9% : .. + 86.9% : .. + 55.3% : . +196.8% : . . + 49.9%: (Q4-2015, how it was): "Vacancy rate for offices in Makati CBD remained low with only a slight decline ... to end at 2.06%". - with Premium-mean Rents at P1,270, 43.8% over Residential, and Grade A at P910, 3.1% over Residential (P883) - Premium-mean CapValues at P166.8k, 10.5% over Residential; Grade A at P108.9k, -37.9% under Residential (P151.0k) = (Q3-2016 Report, how it IS NOW): "Makati CBD’s overall vacancy declined further to 0.84% reflecting the dearth of available space." - with Premium-mean Rents at P1,350, 60.7% over Residential, and Grade A at P950, 13.1% over Residential (P840) - Premium-mean CapValues at P183.1k, 25.0% over Residential; Grade A at P121.9k, -16.8% under Residential (P146.5k) = (Q3-2017 Forecast, how it might be): - with Premium-mean Rents at P1,410, 77.4% over Residential, and Grade A at P985, 23.9% over Residential (P795) - Premium-mean CapValues at P198.1k, 42.7% over Residential; Grade A at P131.9k, -5.0% under Residential (P138.8k) Fort Bonifacio accounts for bulk of new (Office) supply Around 86,000 sq m of new office space went online in the third quarter of the year, bringing Metro Manila’s stock to about 7.8 million sq m as of end-September. Fort Bonifacio contributed nearly 53,000 sq m of new office space with the completion of Citibank Plaza and Five West Campus. The other buildings completed during the quarter were One Felicity Center in Quezon City and Scape in the Manila Bay Area. No new office space was delivered in Makati and Ortigas CBDs. Makati vacancy dips further Makati CBD’s overall vacancy declined further to 0.84% reflecting the dearth of available space in this market. Vacancies in premium buildings rose slightly to 0.8% from 0.5% following the increase in vacancies in the Enterprise Center. However, this was offset by lower vacancies in Grade A and Grade B office buildings. Strong take up was recorded in Petron Megaplaza, Alphaland Makati Tower and 88 Corporate Center. === === > http://www.colliers.com/-/media/3q2016_office_report.pdf

PH Developer stocks are falling hard, & this suggests the Bull market in property may be over already - But Who wants to know this? And is it to early to say this falling momentum will continue? ALI +etc ... 12mos-chart === === Business Insight: Property page of Nov. 24, 2016 edition Property Prospects Bright: '16 Best year for Realty Consultants Okay. So it is about Property Consultants, not about the overall market. Even so... They are growing and talking about the market, rather than being shy. Turns out, they are most excited about the Office market segment which remains strong. However, there were some bright spots in Residential: + Ayala park Triangle is selling like hotcakes, same with Roxas Tower + HT land sold out its two towers quickly + A lot of money is still flowing in (from around Asia)... at the luxury end Luxury developers also seem to be discovering digital, online advertising (sites like Lamudi, little used before) There's been a surge in high-end listings, at about P 50 million One consultant (Leechiu Property) believes things will tighten, and prices will shoot up in two years (2018), because of the Shortage of good sites in Makati and Metro Manila - there's "little land for development", he says. Leechiu targets: BGC, Bay area, Filinvest City, and Arca South - presumably because they have plenty of expensive new projects to move in those area === === Amaia - on the Low End ... is also very active, with about 2,000 units to be turned over across 22 projects 1,000 have already been turned over this year, and there are another 1,000 to come; including 1,000 more within this year. PROJECTS: Amaia Skies Cubao, Avenida Amaia Scapes: Cabanatuan, San Fernando, Urdaneta, Trece Martires, Amaia Square Novaliches

Not hugely positive - that Q3 Report. = Colliers is expecting over the Next 12 months + A -5.37% drop in Makati Rents (vs. -4.9% in Rockwell, -5.8% in BGC) + A -5.27 % drop in Makati Capital values (vs. -4.8% in Rockwell, -5.8% in BGC) They seem to be having some difficulty in pushing new Primary Property sales, and so are asking Developers to help make sales more attractive through Rental assistance/ or guarantees, Rent-to-buy, and finding new types of Tenants = =

Gold dropped over 2% and has broken key support at $1200 / GLD-$115 (50% retracement) : The Jump in the USD by almost 1% to a new high must be part of this. Next support is near GLD-$112 = 1175/1180 (61.8% retracement) As above, Gold Miners sentiment is one-sided and Bearish now

fionamargaret says: November 22, 2016 at 2:06 am Blue, take profits when you have them in oil…every profit is a blessing. Oil is a “deal or no deal” situation, and even experienced oil traders can get caught.. Be careful… fionamargaret says: November 21, 2016 at 5:56 pm Thanks Chris Kimble https://raymondjames.bluematrix.com/sellside/EmailDocViewer?encrypt=5b0584ee-ac0c-4971-bcb1-4632c68a7817&mime=pdf&co=RaymondJames&id=Jeffrey.Saut@RaymondJames.com&source=mail Thanks Raymond James locanbbs says: November 21, 2016 at 6:20 pm UPDATE (Gold – for Fiona): Gold is making progress, but “wave” 4 has overlapped 1-2, so it’s probably just an A-B-C in a new sideways trading channel. fionamargaret says: November 21, 2016 at 6:39 pm GLD pattern is still not broken with all that down action but it has to go up from here……

Hong Kong Property Index - A look Ahead? Having Called the Peak reasonable accurately (or even precisely*) almost two years ago, I will now call the LOW in HK property in 2020 +/- 1 year (actually: 2019-2021) The HK Property index is often a bellwether for HK property prices (and the Centaline Index). If it follows the 18 year cycle, with a Low in 2019-2021, it might show a pattern something like the following HSI Prop / HK:110003 ... update: http://www.aastocks.com/en/stock/detailchart.aspx?symbol=110003&hb=0#GTop (Note: the above shows one of several possible pathways) : Below is the Historical Centaline's CCLI vs. HSI Prop index *Here's a link to the prior thread on Calling the Peak: http://hongkong.asiaxpat.com/forums/hong-kong-property-finance/threads/26777a7e-c2b6-4305-86c0-cc776e3fc5ea/is+it+possible+to+call+the+peak+3f/ You can read it and see how good you think the Call was New thread on AX: Is it possible to call the Low?

Not hugely positive (for Residential) - the new Colliers Q3 Report: What Colliers is expecting over the Next 12 months to Q3-2017: + A -5.4% drop in Makati Residential Rents (vs. -4.9% in Rockwell, -5.8% in BGC) + A -5.3 % drop in Makati Residential Capital values (vs. -4.8% in Rockwell, -5.8% in BGC) But also Improvements in Rents and Capital values for the Commercial / Office segment. ======== Colliers has some ideas about how PH developers can cope with Over-supply Residential rental rates continue to soften across major business districts. Rates in Makati CBD dropped by 1.2% to PHP858 per sq m a month from PHP869 per sq. / Mean rents dropped from X to Y The decline is slower than the 1.6% drop recorded in 1Q 2016, reflecting slow absorption amid lack of new completions. Rents also dropped in Fort Bonifacio (-1.5%) and Rockwell (- 0.4%). Colliers sees the continued decline in rental rates given the additional 10,000+ units slated for completion for the remainder of the year in the major CBDs. Over the next twelve months Colliers sees rental rates in Makati CBD, Fort Bonifacio, and Ortigas Center declining between 4% and 7%. With these trends, condominium investors whose units are now being completed face a very challenging rental market environment. In order to assist their unit buyers in achieving their expected rental yields, residential condominium developers should explore creative rental arrangements. Demand for worker accommodation units Colliers believes that the need to explore a creative lease model is needed as investors face an increasingly challenging rental environment. We recommend that developers look into worker accommodation projects to cater to the highly-mobile young urban professionals who can’t afford to own their own apartment yet or rent a condominium unit within the established business districts such as Makati, Fort Bonifacio, and Ortigas Center. These halfway residential units are for professionals who want to live near their place of work during weekdays but go home to their families‘ suburban areas during weekends. The Makati property market now favors owners of Office Space, since Office Rents are still rising. The worker-accomodation units are also more practical for employees working in CBDs as the worsening traffic in Metro Manila only makes their commute to and from work more unbearable. But developers must ensure that the worker-accomodation projects have amenities similar to condominium developments in the CBDs to entice more users. Since they are targeting millennials they should apportion amenities and facilties such as gyms, retail shops and lounges with fast broadband internet connection. In light of falling occupancy rates in the CBDs, it may be prudent for developers with projects under construction within and outside the CBDs to organize their own leasing arms in order to assist their buyers to lease out their units and attain the yields that they were promised. For developers that have significant ready -for- occupancy (RFO) units, leasing out these units either individually or maybe even as shared units may make sense, as long as it does not conflict with the market positioning of the property and does not lead to a deterioration of its perceived value. > source, end of the Q3-2016 report: http://www.colliers.com/-/media/3q2016_residential_report.pdf

Duterte Plans $1 Billion Airport, Rail in Former U.S. Base November 16, 2016 The Philippines plans to award at least $1 billion of contracts to build an airport and a railway to transform a former U.S. military base into a commercial hub as part of President Rodrigo Duterte’s push to distribute wealth outside congested Manila. The Bases Conversion and Development Authority wants these and other major infrastructure projects for the area to be awarded by the second half of 2017 and for most to be completed as early as 2019, its Chief Executive Officer Vince Dizon said in an interview in Makati City. The authority will decide by the first quarter of next year whether to invite bids to build or operate the infrastructure, or do both, he said. “We want the investment community to know that this government isn’t just about addressing crime and drugs,” Dizon, 43, said Nov. 11. “We’re also here to build, build and build.” Duterte, who won the presidential election six months ago, is lifting infrastructure spending to a record and allocating resources away from the capital, Manila, where traffic and transport logjams cost the economy at least 2.4 billion pesos ($49 million) a day. His government is attempting to fast track development of the planned Clark Green City, which was carved out of the former Clark Air Base used by U.S. forces during World War II. It received just one bid last year to develop part of the proposed alternative capital city. At 9,450 hectares (23,000 acres), Clark Green City would dwarf the main financial district of Makati in metropolitan Manila, home to the nation’s stock exchange and banks’ headquarters. Building infrastructure outside the capital is key to attracting investment and boosting the country’s growth potential to as much as 9 percent, Rosemarie Edillon, deputy director general at the National Economic and Development Authority, said Thursday. Third-quarter economic growth was 7.1 percent, the fastest in Asia. Read more: Duterte’s spending plans for next year The state body will invite bids for a new 15 billion-peso airport terminal in Clark, north of Manila, according to Dizon. It will include a new international terminal that will double Clark airport’s current capacity to 8 million passengers under the first phase of a 30-year plan developed by Aeroports de Paris, he said == > http://www.bloomberg.com/news/articles/2016-11-16/duterte-plans-1-billion-airport-rail-for-ex-u-s-base-makeover

USA Prepares Show (AUDIO Commercial Free) Thursday 11/10/16: Dr Richard Alan Miller He speaks a bit about the creepy pedo-practices of Team Hillary "They cannot be human... mostly nonsense... but there are some things that work" "In Voodoo the demons cannot get you, but they can cause you to get yourself...through what you want"

SARS? yes, of course it was. (Correction made.) Some think they are both "engineered" diseases, but they are very different.

Hong Kong Rally Ending? My view is that the share prices of HK Property Developers often provide an early warning of moves in the HK property market. And one of the best bellwether stocks has been :: HK-12, Henderson Land ... 5-years : 1-year / This chart suggests that the rally up from the Q1-Low has ended or is ending soon. My view is that the HK property market is likely to fall for 3-5 years from the peak, and thus into a 18-year cyclical Low of perhaps 2019-2021. The last low was 2003, and it was delayed from the "ideal" window of 2001, because of SARS-related disruptions

Philly's Global appeal . Live-work venture Startup Home is coming to Philly It’s aiming for a March 2017 groundbreaking Nov 7, 2016 In a sign of this city’s increasing popularity and burgeoning entrepreneurial community, a UK-based co-working company has announced that it is expanding to the US, choosing Philadelphia as its first base. Startup Home, a UK-based entity that provides co-working and co-living spaces to entrepreneurs and startups, made the announcement last week and plans to break ground in Philly by March 2017. It’ll join a growing list of at least 20 co-working spaces already in the city, but it will be the first to combine co-working and co-living into one. “The first building—we are planning to open between 3 and 5 in Philadelphia alone—will be in an existing building that we will refit for the occasion,” Simone Tarantino, US Executive Director, told Curbed Philly in an e-mail. Depending on how the first building goes, they’ll consider new builds for rest of the properties. One building will be dedicated entirely to women entrepreneurs and another will be home to IoT and Augmented Reality Lab. Tarantino says two developers have already expressed interest in working with them for the new builds. Why Philly? Tarantino points to the city’s young talent pool coming out of Penn, Drexel, and Temple. No definite site has been nailed down, but Startup Home is working with the city and Philly Startup Leaders to pick a location that’s not in Center City. “It will most likely be in a off-centered neighborhood,” says Tarantino. “Think Northern Liberties, Fishtown, South Philly, maybe Spring Garden.” Currently, there are numerous co-working spaces in Center City including WeWork and CultureWorks. Kensington will also be home to smaller live-work spaces at 1222 N. 2nd Street, and what’s been dubbed Techadelphia, a mixed-use development that will feature a tech co-working hub on the ground floor and apartments for rent on the upper levels. At Startup Home, all three or five buildings will feature 20 startups each and 20 “nice-size” bedrooms that are bigger than the average hotel room, says Tarantino. Essentially, the rooms will be big enough for a tenant to live there for the six-month lease, but small enough that he or she is encouraged to spend the most time in the communal, co-working spaces. “The goal is to foster collaboration, network and sharing, key elements of success for entrepreneurs,” says Tarantino. Renderings are not yet available, but Startup Home is working with Mariotti Studio on the design. First Look: Inside the WeWork in Northern Liberties [Curbed Philly] With Pennovation, Forgotten Bottom looks to its future [Curbed Philly] > http://philly.curbed.com/2016/11/7/13524768/startup-home-coworking-live-work-philadelphia

Philly's Global appeal . Live-work venture Startup Home is coming to Philly It’s aiming for a March 2017 groundbreaking Nov 7, 2016 In a sign of this city’s increasing popularity and burgeoning entrepreneurial community, a UK-based co-working company has announced that it is expanding to the US, choosing Philadelphia as its first base. Startup Home, a UK-based entity that provides co-working and co-living spaces to entrepreneurs and startups, made the announcement last week and plans to break ground in Philly by March 2017. It’ll join a growing list of at least 20 co-working spaces already in the city, but it will be the first to combine co-working and co-living into one. “The first building—we are planning to open between 3 and 5 in Philadelphia alone—will be in an existing building that we will refit for the occasion,” Simone Tarantino, US Executive Director, told Curbed Philly in an e-mail. Depending on how the first building goes, they’ll consider new builds for rest of the properties. One building will be dedicated entirely to women entrepreneurs and another will be home to IoT and Augmented Reality Lab. Tarantino says two developers have already expressed interest in working with them for the new builds. Why Philly? Tarantino points to the city’s young talent pool coming out of Penn, Drexel, and Temple. No definite site has been nailed down, but Startup Home is working with the city and Philly Startup Leaders to pick a location that’s not in Center City. “It will most likely be in a off-centered neighborhood,” says Tarantino. “Think Northern Liberties, Fishtown, South Philly, maybe Spring Garden.” Currently, there are numerous co-working spaces in Center City including WeWork and CultureWorks. Kensington will also be home to smaller live-work spaces at 1222 N. 2nd Street, and what’s been dubbed Techadelphia, a mixed-use development that will feature a tech co-working hub on the ground floor and apartments for rent on the upper levels. At Startup Home, all three or five buildings will feature 20 startups each and 20 “nice-size” bedrooms that are bigger than the average hotel room, says Tarantino. Essentially, the rooms will be big enough for a tenant to live there for the six-month lease, but small enough that he or she is encouraged to spend the most time in the communal, co-working spaces. “The goal is to foster collaboration, network and sharing, key elements of success for entrepreneurs,” says Tarantino. Renderings are not yet available, but Startup Home is working with Mariotti Studio on the design. First Look: Inside the WeWork in Northern Liberties [Curbed Philly] With Pennovation, Forgotten Bottom looks to its future [Curbed Philly] > http://philly.curbed.com/2016/11/7/13524768/startup-home-coworking-live-work-philadelphia

The housing cycle goes round and round Philly.com-6 Nov 2016 Right now, a lot of the experts are attributing recent increases in home prices to a ... In a typical recovery, average wage growth historically has been 9.2 percent after inflation, Gillen said. Since this one began in 2009, wages have increased 0.56 percent after inflation, which means that "this recovery would have to last 80 years for wages to increase to the historic average." The economy is considered in recession when the gross domestic product is in negative territory for two consecutive quarters, Gillen said. There is a 25 percent probability, according to some economists, that a recession will occur in the first part of 2017, while there is "near certainty" that it will happen before 2019, he said. What will that mean for residential real estate? You never know. Right now, a lot of the experts are attributing recent increases in home prices to a shortage of inventory of houses that today's overly picky buyers will even stop to look at. (Remember when... just a few months ago, when Interest rates were low, and going lower? Not shooting up. like now): TNX = 10 year Note rate x10 Prices surging for Philly home sales Philly.com-16 May 2016 Home values in a highly competitive Philadelphia market - newly reclassified by the real estate search engine Zillow as "very hot"... . . . "[This] implies that all of the losses in house values due to the bubble's deflation and subsequent recession have now been recovered. The average Philadelphia home has achieved a new all-time high in value," said Kevin Gillen, chief economist for Meyers Research and senior research fellow at Drexel University's Lindy Institute for Urban Innovation. The median sale price of a single-family home in the city rose to $143,000 from $117,500 a year ago, Gillen said Monday, an increase of 21.7 percent. (The median is the middle value: Half the houses sold for more, half for less.) . . . Report: Philly is officially a seller's market with house prices at all time high ... Curbed Philly-8 Aug 2016 The latest Lindy Institute housing report says that Philly's real estate market has gone from a balanced to seller's market. Courtesy of ... Redfin released its August housing market report last week, echoing news about sale prices and inventory that is beginning to sound familiar in the region. Home prices were up just north of 6 percent last month and sales fell 4.6 percent in the city proper. This is largely tied to an ongoing decline in housing inventory – August 2016 saw 21 percent fewer homes on the market in Philadelphia than August 2015. And while last August most houses sold in about 54 days, it’s taking about 41 days to sell a house in the city now. Which means it’s no surprise that the houses that are selling are typically selling just over 15 percent above the asking price. The trend holds when considering the suburbs as well. Regionally, the median sale price increased 2.5 percent this August when compared to last year, and inventory was down 19.2 percent from August 2015. Sales in the greater metro area tend to take about 46 days and come in around 15.7 percent over ask. == > http://www.philly.com/philly/blogs/philadelphia-real-estate/Redfin-Report-Sale-prices-up-inventory-down-in-Philadelphia.html

GERMANTOWN: A new appreciation for one of Philly's older neighborhoods Updated: November 13, 2016 A long time ago, a feature called "Living In" ran each week in the Real Estate section. The March 1, 1992, installment was about Germantown, which it described as "an original," where "residents take pride in their historic dwellings, their diversity, and their sense of community." How has Germantown changed in the almost quarter-century since then? While the neighborhood's real estate market is better these days, "I would say that the nature of Germantown has not changed that much," says Ruth Feldman, of McCarthy Associates/Weichert Realtors. "The beautiful old houses in the Tulpehocken historic neighborhood are still very much desired by a certain group of buyers who appreciate those homes and their relative affordability as compared to Mount Airy and Chestnut Hill," Feldman says. == > http://www.philly.com/philly/business/real_estate/town-by-town/20161113_A_new_appreciation_for_one_of_Philly_s_older_neighborhoods.html

What Donald Trump's election could mean for home prices MarketWatch-9 Nov 2016 “Homeowners that have enjoyed a 30% windfall in property values since the housing bust steadfastly re-upped on restrictive zoning practices that crippled housing supply even more,” she said.Trump’s properties too weren't immune from a glut of top-end luxury housing, as a Redfin analysis of Trump condos in the first half of 2016 showed his brand falling back to par with the rest of his competitors when it came to pricing power in most cities outside Manhattan. In the short term, the shock of a Trump victory will be both a boon and drag on confidence of American home buyers, said Ralph McLaughlin, chief economist with Trulia.com, a San Francisco-based real-estate research site, who said there will be short-term impacts on the so-called “Costly Coasts” dominated by upscale liberals, and the “Bargain Belt” of more blue-collar housing markets. “Home buyers in economically healthy blue states will likely be rattled and more hesitant about the future of the U.S. economy, which will curb their interest in making large investments,” he said. “In economically stagnant red states, on the other hand, home buyers will likely feel a surge of confidence that could bolster demand.” Still, in his acceptance speech early in the morning on Nov. 9 in New York, Trump, 70, sounded more like an old-school Democrat, promising dramatic new investments in infrastructure, which could boost demand for housing the way giant Depression-era Works Progress Administration projects like the Golden Gate Bridge and Hoover Dam created relocation opportunities for skilled workers. “We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Trump told his supporters. “We’re going to rebuild our infrastructure and we will put millions of our people to work as we rebuild it,” Trump said. “If President Trump is successful in launching massive rebuilding programs in inner cities and for aging infrastructure across the country, it could have an impact on home building by consuming a lot of available building materials and skilled labor,” said Rick Sharga, executive vice president of Ten-X, (formerly Auction.com) an Irvine, Calif. - based real estate auction website. === === Revitalizing West Philly in a different way Philly.com-12 Nov 2016 Mostly one house at a time, one block at a time, with the 27-year total ... Home-sale prices within 21/2 blocks of single-site projects were 25 ... Report: It's 50 percent cheaper to buy than rent in Philly Curbed Philly-20 Oct 2016 Philly's real estate market has experienced a record-breaking year with home prices hitting an all-time high since the Great Recession, but ...

Possible Impact of the Hispanic reversal on the US Housing Market Assumes that Illegals will cluster near those recorded in Census Data Where are the Hispanics? More than half (55%) of the U.S. Hispanic population resides in three states: California, Texas, and Florida. California has the nation’s largest Hispanic population, with about 14.4 million Hispanics. California’s Hispanic population alone accounts for more than one-fourth (28%) of U.S. Hispanics. Eight states have a Hispanic population of over one million: California, Texas, Florida, New York, Illinois, Arizona, New Jersey, and Colorado. == > http://www.pewhispanic.org/2013/08/29/ii-ranking-latino-populations-in-the-states/ NYC: The New York City area represents the largest Hispanic city in the United States with a population of 2.3 million Latinos according to the 2010 census. Historically most Hispanics in New York are of Puerto Rican heritage and Puerto Ricans continue to dominate - they represent 33% of all the Latinos in New York. Philly: As of the 2010 census, there were 187,611 Latinos and Hispanics in Philadelphia, constituting over 12 percent of the city's population, the vast majority of which are Puerto Ricans. Most Philadelphia Hispanics self-identify as either white, black, mixed, or other, for government purposes i.e. United States Census. == Top 60 Hispanic Cities in America / Pew Data: > http://www.pewhispanic.org/hispanic-population-in-select-u-s-metropolitan-areas/ =================== --------- Foreign -------- : Puerto: nonPR: Mex - : -------- : Dom.: City----- /## - Hispanics : - Pct.- : Born : < 18yrs : Rican : ##### : -ican : ##### : Rep. : NYC.etc #2: 4,243,000 : 23.9% : 44.5% : 29.2% : 27.4%: 3.23m: 12.9% : 547 k : ------ Chicago #5. 1,934,000 : 21.1% : 40.0% : 29.8% : 10.2%: 1.74m: 79.7% : 1.54m: ------ SanAnTx #9. 1,090,000 : 55.5% : 17.8% : 65.7% : 01.9%: 1.07m: 91.0% : 992 k : ------ Wash.DC 12. 774,000 : 14.0% : 56.2% : 17.9% : ------- : 774.k? 15.8% : 122 k : ------ Phila, PA 24. 420,000 : 7.9% : 24.7% : 11.6% : 52.5%: 199.k : 17.1% : 71.8k : 07.2% Bost., MA 27. 403,000 : 9.9% : 42.1% : 14.5% : 27.4%: 252.k : ----- % : -----k : 26.4% ==========

SOME SIGNS OF STRESS in the Manila Property market 1/ Share prices PH:ALI / Ayalaland .. 5-yrs : 1-yr : Last: P 32.80 - 1.05 LoYr: 27.20 PH:MEG / Megaworld .. 5-yrs : 1yr / Last : P 3.78 - 0.17 LoYr: 3.00 2/ Evidence of a possible wave of payment defaults? Maybe even at this nice project in Makati? Greenbelt Hamilton is due on Complete, soon in Q4-2016, or Q1-2017 I am aware of the impending completion, so when I received the message below, it got me thinking... "Once in a lifetime​ preview of our LATEST project And... (RENT TO OWN)​ -- at Greenbelt Hamilton (?) in Legaspi Village to be able to view the final finishing of our projects here in Makati." ​"We will also offer additional ​DISCOUNTS ​for the exclusive clients that we will join us​this Saturday (November ​12​, 2016).​" ​

In some Youtube postings, I've been calling Michigan "the HERO STATE" It is the one he was not supposed to win, that should put him over the time (And it is my home state, and so there's some pride there.)

Hmm... there are OTHER reports on Dixville First returns are in -- and Dixville Notch, N.H., goes for Hillary Clinton Los Angeles Times‎ - 53 mins ago A spotty record in getting matching the winner Dixville Notch is an unincorporated community in Dixville township, Coos County, New Hampshire, United States. The population of the township, all of whom live in Dixville Notch, was 12 at the 2010 census.[1] The village is known for being one of the first places to declare its results during United States presidential elections and the New Hampshire primary.[3] It is located in the far north of the state, approximately 20 miles (30 km) south of the Canadian province of Quebec. == > https://en.wikipedia.org/wiki/Dixville_Notch,_New_Hampshire

"Clinton takes Pennsylvania." If there was cheating it will be there (too) Drudge now saying: ELECTION WILL BE DECIDED BY EVENING VOTERS **PROJECTED 140 MILLION TOTAL**