Our January 2024 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.
- The anticipated rate cuts will further pump-up economic recovery and ease financing pressure, which is crucial in improving the overall real estate demand that has yet to return to pre-COVID-19 vibrancy.
- As business operations normalize, many companies are trying to bring employees back to full-time in-office work.
- The adjusted price ceiling of tax exempt residential properties is seen to mitigate the rising cost of purchasing housing units due to higher mortgage rates brought about by the higher-for longer interest rate environment, boosting demand for mid-end residential properties.
The above is an excerpt of the January 2024 report. Read the full report.
Our February 2024 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.
- The improving business sentiment is seen to encourage international brands to seek retail space in emerging markets where traditional retail continues to thrive. Whilst the ecommerce sector is seen to further gain its growth momentum as online shopping continues to be popular among consumers, it is expected to compliment demand from traditional retail groups rather than replace it.
- With the rapidly increasing logistics operations, significant infrastructure investments are needed to enable seamless transport, as well as enhance efficiency and cost-effectiveness in the segment.
- The rising cost pressures may restrict construction activity across the mid-end residential space, particularly by mid-scale residential property developers that are prominent in provincial areas.
The above is an excerpt of the February 2024 report. Read the full report.
