Top 4 Best Property Management Companies in the Philippines

Situated on the Western Pacific, the Philippines is a group of islands within the geographic boundaries of Southeast Asia. Flanked by maritime borders with China, Japan, Vietnam, Malaysia, among many others, it is renowned for its diverse ethnicity, delicious cuisine, pleasant climate and friendly people.

Originally named after King Philip II, the island nations have evolved into a fast-developing and favourable property investment hub. Foreigners who plan to invest in tropical holiday homes or commercial property investments need not look hard and fast. There are plenty of options to choose from, with the nitty-gritty being offered on a personalised basis. However, for the inexperienced investor, or the convenience of hassle-free investments, a range of property management companies have come into play, the majority reasonably recently.

Of these, four have been nominated for detailing in this article.

DMCI

DMCI Holdings, Inc. is the real estate arm of DMCI Holdings through its subsidiary DMCI Project Developers, Inc. (PDI). It was established on April 27, 1995. It ranked #146 in the Business World Top 1000 companies in 2014. With annual net revenue of about 15 billion PHP, the company is one of the top market contenders in real estate management and development, with branches in the Philippines and worldwide.

DMCI is notable for its constructions such as:

• Manila Hotel

• Philippine International Convention Center

• The Manila Doctor’s Hospital, UN Avenue

• Metro Manila Skyway Stage 3 (Sections 1&2)

This is a perfect choice for commercial property investors and prospective owners of hotel chains.

IQI Philippines

Undoubtedly one of the top contenders, IQI Philippines is a property management company with offices around the globe. From Malaysia to Dubai and the far west in Canada, IQI has property management and investment options globally, thus making market access an international experience.

Established in 2019, as a part of the Juwai Group Asia and IQI merger in Dubai, the company includes in its range of services additionals like renovations, hospitality and training in management. In 2020, it dealt with about 17,000 property transactions.

It deals solely with third parties' property sales, promotion, networking, and acquisitions. Hence, it is a gateway to potential buyers who do not want to be limited to real estate or investments owned by the company.

MegaWorld

Megaworld Corporation (PSE: MEG) is a real estate company in the Philippines and a subsidiary of Alliance Global Group. Founded by Andrew Tan on August 24, 1989, the company was initially named Empire East Land Holdings and primarily aimed at the middle-income markets to engage in real estate development, leasing, and marketing. It was renamed Megaworld Corporation in 1999.

Currently, the company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. In addition, it provides other services such as project design, construction oversight, and property management. In 2020, the net income was 9.89 billion PHP.

Two of MegaWorld's landmark projects are:

• Forbes Town Center, a 6-hectare commercial and residential district, Fort Bonifacio, Metro Manila.

• Petron Megaplaza office skyscraper, 45 storeys, was the tallest building in the country upon its completion in 1998.

The Megaworld Corporation has a wide range of property developments within the Philippines, from malls (Megaworld Lifestyle Malls), offices, townships, hotels, resorts to residential developments. Subsidiary companies such as the Megaworld Lifestyle Malls (in retail products) the Megaworld Prime RFO target the higher-income markets, whereas Empire East Land Holdings Inc. and Suntrust Properties Inc. are delegated to the middle-income market. A good choice for residential property investors/development.

SM Prime

Presumably, the oldest, having been established in 1958 by Henry Sy, specialises primarily in commercial ventures alongside residential properties and landscaping.

It was initially founded as a chain of stores called Shoe Mart, and the aggressive business strategy helped expand it into a property acquisition firm. Shoe Mart, the original shoe chain franchise, was abandoned to pave the way for this real estate firm.

In 2020, SM bagged the coveted Best Developer of the Year award in the annual PropertyGuru Asia Property Awards alongside multiple other recognitions.

Notable constructions under SM Prime include:

• SM Supermalls; a chain of malls numbering over 60 with various shopping outlets within the Philippines.

• SM Development Corporation;

SM Development Corporation (SMDC) is a whole owned subsidiary and the real estate branch of SMPH. It has dedicated itself to providing luxurious urban living facilities through innovative vertical villages integrated within a commercial retail environment, providing residents with a truly cosmopolitan experience.

Properties of SM Development Corporation are situated in key areas across Metro Manila Central Business Districts of Mall of Asia Complex, Makati, Ortigas, Taguig, Quezon City, Manila, Pasay, Paranaque and Las Piñas - easily accessed from villages far and wide. As this is specialised outlet ownership, tenancy contracts can be held in the various malls and owned apartments in the vertical towns.

Are you looking for the ideal property in the Philippines? We have the team to ensure you have a smooth transition in becoming a proud owner of a property situated in the Western Pacific.