In 2024, the office vacancy in Metro Manila was at a record high at 19.8 percent, according to Joey Bondoc, senior researcher at Collier’s Philippines. At the press briefing held at the Grand Westside Hotel on March 18, he further reported a projected 22 percent vacancy rate increase this year....
Philippine property developers are unfazed by the restiveness at the political front, especially with the coming midterm elections, as they are focused on infrastructure being built and pro-business policies recently implemented by the government which will help the industry boost sales and...
The real estate sector is marked by uneven growth among its segments. From the slump during the pandemic years, certain segments of the Philippine real estate sector are on the rebound while others are facing challenges. Full-service global commercial real estate company Cushman &...
As United States (US) President Donald Trump doubles down on his protectionist policies by imposing tariffs on major exporters, American companies face increasing cost pressures—creating an opportunity for the Philippines to capitalize. In a report, property advisory firm Colliers said companies,...
The Philippines has emerged as a prime investment destination through tax reforms that have created a favorable business environment for foreign investors, according to a report of property advisory firm Colliers. The report published on Friday, Feb. 28, cited the Corporate Recovery and Tax...
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...
