Global Market Research Reports : Ken Research: Philippines Property Classifieds Market Share

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Tuesday, April 5, 2022

Philippines Property Classifieds Market Research Report - Ken Research

With rising trend of co-working, companies are looking to lease more spaces allowing remote workers, freelancers and other independent professionals to work together in communal settings.

Increasing Demand for Residential Segment: The number of Residential and Non-Residential constructions in the first quarter of 2021 recorded 33,627 units, indicating an annual expansion of 1.4%. Most full-stack property classified players in Philippines have remained focused on the residential property segment considering the rapid urbanization and increasing demands for properties in the country.

Rapid Population Growth: Demographic data affects the real estate market through property-type demand and supply, pricing, migration, and investment. People are moving away from private areas and opting for shared office spaces, hotel stays, and co-living units and others due to increasing rent.

Increasing Smartphone Penetration: 79.6% of the Philippines population use the internet (2020) which has increased up to 82.4% in 2021. Over 40% of the current Philippines property classified market is influenced by the internet. This widespread digitization of the region alongside the deployment of 5G means proptech startups can seamlessly offer their real estate solutions to the public via mobile devices.

Digitalization: The digitalization of data is facilitating access to mass-market information quickly and cheaply. Due to advances in technology, the times of bulky physical data sheets are over. Instead, everything can be digitally recorded and retrieved online, from public records to office lease data, from market fluctuations to real-time boiler temperatures

Growth Restraints and Challenges: Property Classified technology uses and relies on information for optimal performance. It generally collects and uses data, including personal information, from users of the Property Classified. Data may need protecting as confidential information/trade secrets.

The report titled “Philippines Property Classifieds Market Outlook to 2026F– Driven by Rise in Residential Segments and Infrastructural Developments in the country” provides a comprehensive analysis of the potential of Property Classified industry in Philippines. The report covers various aspects including the current real estate scenario and rental rates in Philippines, revenue generated from Philippines Property Classified market, its segmentations viz Business Model, By Consumers (Sale to End Users and Investors), By Rent and Sale, By Type of Listing (Residential, Commercial and Others), By Revenue Sources (Advertisements and Subscriptions), By Advertising Method (Online Platforms and Others), By Consumer Type (Broker, Builder and Owner), By Region (Metro Manila/NCR and Others), revenue models, major trends and development, issues and challenges, technological advancements and competition analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.

Key Segments Covered in Philippines Property Classified Market:

By Business Model

Listings and Classifieds
Aggregators and Co-Living

By Consumers (for Sale)

End Users of Properties
Investors

By Rent and Sale

Sale
Rent

By Method of Advertising of Property

Online Platforms
Others

By Type of Listing

Residential
Commercial
Others

By Region

Metro Manila/NCR
Others

By Source of Revenue

Advertisements
Subscriptions

By Type of Consumer

Broker
Builder
Owner

Key Target Audience

Property Classified Companies
Real Estate Developers
Brokers
Property Consultants
Industry Experts

Time Period Captured in the Report:

Historical Period: 2015-2021P
Forecast Period: 2021P-2026F

Companies Covered:

Listings and Classifieds

Dot Property
Lamudi
Myproperty
Property24
Zipmatch
Property finder
Hoppler
Pinnacle

Aggregators and Co-Living

CoLiving
MyTown
TheFlats
The Communal
iDorm
Point Blue
Woke Coliving

Request for Sample Report @

https://kenresearch.com/sample-report.php?Frmdetails=NTI0MDQz

Key Topics Covered in the Report

Overview of Philippines Property Classified Market
Ecosystem of Major Entities in Philippines Property Classified Market
Business Cycle and Genesis of Philippines Property Classified Market
Philippines Property Classified Market Size, 2015-2020
Philippines Property Classified Market Segmentations
Competition Analysis: Market Share of Major Listings and Classifieds and Major Aggregators & Co-Living Companies
SWOT Analysis in Philippines Property Classified Market
Revenue Models in Philippines Property Classified Industry
Growth Drivers and Restraints in Philippines Property Classified Market
Technological Advancements in Philippines Property Classified Market
Impact of COVID19 in Philippines Property Classified Market
Key Trends in Philippines Property Classified Market
Outlook and Future Projections for Philippines Property Classified Market
Future Market Segmentation by Business Model and Revenue Sources
Recommendations / Success Factors
Research Methodology
Appendix

For more information on the research report, refer to below link:

Philippines Property Classifieds Market Competition

Vietnam Online Classifieds Market Outlook To 2023 - By Horizontal And Vertical Classifieds, By Source Of Revenue (Listings And Advertising), By Verticals (Automobile, Properties And Recruitment)

Philippines Online Classifieds Market Outlook To 2021 - Growing Real Estate Market & Demand For Used Cars To Gain Traction In Future

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Friday, April 1, 2022

Philippines Property Classifieds Market Key Trends, Revenue, Industry Report: Ken Research

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Overview of Philippines Property Classified Market

Philippines, with a population of 109.5 Mn in 2020, is one of the most lucrative and fastest growing economies in ASEAN. Philippines Real Estate is experiencing a digital wave sweeping across its value chain, disrupting how buyers and sellers interact with one another. Philippine’s property classified market is growing at a double digit CAGR of 20.3% (2015-2021), with majority of the property classified companies providing smooth & seamless digital integration successfully. Most full-stack property classified players in Philippines have remained focused on the residential property segment considering the burgeoning housing shortage, rapid urbanization and urban migration trends despite Covid-Impact. A number of developers are offering extended payment terms, lighter down payment schemes, and waived reservation fees with a limited time offers, which financially prepared buyers are taking advantage of. The focus on sustainability, affordability, and comfort has shown emerging trends among real estate developers’ recently completed developments and pipelined projects. However, the industry is highly vulnerable to fraud due to its complex nature, reliance on technology, and interaction between stakeholders and third parties. Companies such as Lamudi, DotProperty & Hoppler are poised to capitalize on current pain points in Philippine’s property classifieds market.

Philippines Property Classified Market Segmentation

By Business Model: Revenue Via Listings and Classifieds generated highest revenue due to increased user base. A growing millennial workforce, fast evolving consumer trends and untapped demand potential in the market are real draw cards for start-ups and developers looking to enter the Aggregators and Co-Living market.

By Type of Listing: The Residential Listings dominated all other types of property classifieds listings account for majority of the market revenue in 2021. Approximately, 90.3% of listings are accounted by single house residential units.

By Rent and Sale: Majority of the revenue is generated by renting properties. Consumers prefer to rent properties through online channel due to increase in the number of smartphone users, fast urbanization, and increased internet usage by millennials.

By Revenue Sources: The advertisement-based revenue model is gaining traction and is often used by websites/applications/marketplaces that attracts huge amounts of traffic. Revenue is generated by selling ad space and it is one of the most standard methods of gaining revenue.

By Method of Advertising of Property: Advertisement through online platforms dominated the market considering the increasing amount of traffic in the respective websites.

By Region: The Manila NCR/Region dominates the Philippines market. Due to an anemic demand for residential projects, prices and rents have been consistently declining across all Metro Manila submarkets

Philippines Property Classified Market Competition:

The Philippines property classified market is highly concentrated market around top 3-4 players of both Listings & Classifieds as well as Co-living & Aggregators & co-living companies with top players namely Lamudi, my property, Property24, My Town, The Flats and others holding majority of the market share in terms of revenue. Players are competing on the basis of Rental Pricing, Room Types, Locations, Services, Community Events, etc. Factors such as expensive rentals, fixed one- to two-year tenancy contracts and the hassle of dealing with intermediaries, have driven the growth of co-living concepts in Philippines.

Philippines Property Classified Market Future Outlook and Projections

Philippines Property Classified Market is expected to grow at a massive rate of 31.4% CAGR during 2021-2026P providing a lucrative opportunity for Property Classified investors. Technology has been increasingly becoming an attractive asset for landlords, potential real estate investors and tenants looking for an efficient and secure opportunity in the Commercial Real Estate segment (CRE). This presents a lucrative opportunity for Property Classified investors to witness high returns on their investment. Appealing property photoshoots, optimized user interface, utilizing latest market tools and more categorized listings will benefit all the stakeholders. The real estate digital classifieds space is still in the early stages of growth and builders and brokers dominate the listings. Further, with newer technology-based services such as 360-degree view, listing convenience, subscription management etc., and the focus is likely to be on educating individual users.

Key Segments Covered in Philippines Property Classified Market: