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Philippine Property Market News - July 2022

Claro Cordero Jr. • 11/08/2022

Our July 2022 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.

  • It is evident that some sectors such as Information Technology and Business Process Management (IT-BPM) somehow thrived in the implementation of remote work at the height of the pandemic. In the Philippines, reliable internet connection is a major issue, if not the biggest, that poses a threat to its successful implementation of work from home and hybrid set up, challenging the quality of work and productivity of remote employees. As the future of work is seen to be a hybrid of both on-site and remote workplace, building a reliable internet network will complement the country’s competitive workforce in attracting investments.
  • Driven by the resurgence in consumer spending, the retail segment is on track to regaining its pre-COVID performance. The upward inflation direction, however, may decelerate its recovery momentum in the short term, mainly due to the impacts on purchasing power and consumer confidence.

 

The above is an excerpt of the July 2022 report. To read the full report, click on the Download button on the right.

 

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