The total ban on the Philippine Offshore Gaming Operations (POGO) contributed to a significant decrease in the demand for office spaces in the third quarter of the year, property brokerage firm Leechiu Property Consultants (LPC) said.In a statement, LPC said office take-up from July to September...
The Philippine hotel industry remains resilient and continues to grow after the pandemic with P250 billion being invested by the private sector for the ongoing construction of new facilities.This is according to the Philippine Accommodation Pipeline Report 2024 which was jointly launched by the...
The real estate industry, particularly the residential segment, is seen to be revitalized once the Bangko Sentral ng Pilipinas finally implements the much anticipated interest rate cut in the coming months.“We have been anticipating for much too long. We're moving from a pessimistic market to...
Philippine tourism experienced a remarkable resurgence, largely driven by the resilience of domestic travel, according to a study by Leechiu Property Consultants LPC.“The strength of local tourism proved instrumental in mitigating potential challenges from international source markets, namely...
The property market proved its resilience as capital values across Metro Manila’s commercial districts sustained their levels throughout 2023 despite local and global headwinds.In a media presentation, Leechiu Property Consultants Inc. Senior Manager for Investment Sales Erika Manasan said some...
The Philippine residential condominium market marked its recovery in 2023, notably in Metro Manila, which saw a record of 40,555 units sold, according to Leechiu Property Consultants (LPC). LPC Director for Research and Consultancy Roy Amado Golez Jr. said, “the sector had reached its peak...
The Philippine office market registered an eight percent growth in aggregate demand this year to 1.07 million square meters of newly leased space.“The Philippine office market performed better than expected this year amid geopolitical uncertainties and looming fears that hybrid work will cause the...
The Philippine tourism sector may return to pre-pandemic levels amid the steady growth and recovery of international flights and tourist arrivals in the third quarter of 2023, but broad recovery may have to have to happen in 2024 yet, a property management and consultancy firm said. Leechiu...
The Philippine office property sector will continue to add up inventories until the end of the year as another 432,000 square meters of office stock is projected for completion in the last quarter, according to property and management consultancy firm Leechiu Property. Leechiu Property...
Estimated new office demand of 300,000 square meters is expected to boost total office space requirement to 600,000 sqm this year with the business process outsourcing (BPO) sector spurring the growth.
Leechiu Property Consultants, which is known for its optimistic property projections, said...
The worst is over for the Philippine property market due to various favorable factors, although the projected office space take-up remained low at 380,000 square meters only or 70 percent lower than the 1.9 million sqm recorded in 2019, according to the country’s leading property and management...
