Dusit Princess Firenze in Cagayan De Oro (Artist perspective/Dusit website) For property firms with real estate investment trusts (REITs), Colliers Philippines is pushing for the addition of hotel assets as an integral part of their diversification strategies. The real estate services and...
Last year was not a very good one for the Philippine real estate sector as it saw land values declining in Metro Manila’s central business districts while the condominium supply glut grew to 8.2 years of inventory from 3.2 years in 2023. During the Colliers fourth quarter Property Briefing,...
Amid a glut of condominium units in certain parts of Metro Manila, the Philippine residential property market is primed for a turnaround — particularly in the house and lot segment. Colliers Philippines Research Director Joey Roi Bondoc said those with the highest potential for growth are...
The Philippine real estate industry faces ongoing challenges, requiring property developers to be nimble and adaptable to maintain profitability in the coming year. In its outlook for 2025, Colliers Philippines also sees the local market to be ripe for the entry of foreign players in both the...
Despite being due for redevelopment, Makati's central business district (CBD) remains a top choice for office tenants, surpassing the newer Fort Bonifacio area, according to Colliers Philippines' third-quarter briefing polls. "The business hub continues to attract multinational corporations and...
The ban on Philippine Offshore Gaming Operations (POGOs) has dragged down Metro Manila's property sector, particularly the condominium and office markets, Colliers Philippines said. Based on Colliers' third-quarter 2024 report, the Metro Manila office market posted its first negative...
Philippine real estate companies must recalibrate their product offerings, particularly in office spaces and residential markets, in order to remain viable amid changing preferences among consumers. Colliers Philippines Research Director Joey Bondoc said this recommendation is based on the results...
Amid continuing high vacancy rate and lukewarm overall real estate industry in the country, a buoyant retail sector is expected to provide the much-needed breather with more landlords aggressively undertaking renovations along with more mall completion as foreign brands are testing the local...
In a recent property preview event, RLC Residences showcased its commitment to innovative design and sustainable living with an insightful discussion about real estate trends alongside Joey Bondoc, research director at Colliers International Philippines. "We are proud to be at the forefront of the...
Elevated office space vacancy rate in Metro Manila is expected to continue, although marginally, this year due to new completions and surrenders from non-renewals of pre-pandemic leases, according to the latest report by a real estate management services firm. Colliers, in a report released...
As more retail spaces are built in the third quarter of the year, experts from real estate and investment management firm Colliers have forecasted vacancy rate to further rise to 17 percent next year from 14.l4 percent in the first quarter this year due to new available physical mall space in...
Professional services and investment management company Colliers projected that office and residential properties will continue to expand and multiply by 2024 as on-site work gradually resumes due to the decreasing impact of the Covid-19 pandemic in the National Capital Region (NCR). ...
