Metro Manila is grappling with an oversupply of condominiums and office spaces, but what caused this imbalance? Understanding the factors behind the surplus provides a clearer picture of the challenges and opportunities in today’s real estate market. Why is there an oversupply? The property boom...
The Philippine data center industry is poised for long-term growth due to rising demand from global players, enhanced digital infrastructure, and supportive government policies. According to Leechiu Property Consultants Inc., the sector’s upward trajectory is fueled by increased adoption of 5G...
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 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...
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...
