Our May 2024 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.
- Given the presence of a young and highly urbanizing demographic profile of the Philippines, a more inclusive economic development will underpin the continued growth of the residential sector's long-term demand.
- Despite the downtrend in investment volumes which mirrors the regional markets, largely attributable to the growing concerns about global growth prospects and geopolitical instabilities, the buoyant economic outlook of the Philippines compared with other markets is seen to boost competitiveness and encourage investment inflows in the medium-term.
- Providing essential infrastructure to support manufacturing operations will help attract companies that are looking at reshoring and diversifying manufacturing operations, further creating demand for industrial space.
The above is an excerpt of the May 2024 report. Read the full report.
