As property markets in South-east Asia absorbed major hits following the last time they experienced rapid growth in the late 1990s, questions inevitably arise over the degree to which the Philippines’ ongoing surge in property value and activity is being driven by solid fundamentals rather than opportunism.
Favourable demographics, a solid macroeconomic outlook and a confluence of demand drivers are inspiring bullishness in all property segments in the Philippines. Motivated by some of the region’s most competitive rental rates and an attractive workforce, business process outsourcing (BPO) firms are taking office space in sought-after commercial...
Slowly but surely, the adoption of green building practices in the Philippines in office, residential and public sector construction projects is gathering momentum. Adhering to corporate social responsibility commitments on climate change reduction, multinationals have been the first movers in terms of demand for more environmentally friendly...
One of the most pressing issues in the Philippines’ construction sector is a chronic housing shortage. Figures from the Subdivision and Housing Developers Association (SHDA) put the current national housing backlog at 4m. Based on a study by the University of Asia and the Pacific (UA&P), that could rise to 6.5m by 2030 if the situation is...
Cities across the Philippines are getting a facelift, with gleaming new buildings springing up all around Metro Manila and beyond. With the country riding high on a wave of investment rating upgrades this growth, as far as the real estate and construction sector is concerned, has only just begun. But while this vote of confidence in the Philippines...
Largely helped by significant public spending in infrastructure, the construction sector saw robust growth in 2013. An improving investment climate, which saw a steady inflow of remittances and inward investments directed at the property sector, also played a part in spurring construction activity. Investment-grade upgrades from Fitch Ratings and...
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