The Philippine economy is gradually on the rise, largely driven by its business process outsourcing, industry and construction sectors. The average pace of growth in the Philippines in the first half of the decade was 6.3%, compared to 6% in Indonesia, 5.8% in Malaysia and Vietnam, and 3.6% in Thailand.
The construction and real estate sectors make up around 20% of the Philippine economy, slightly ahead of manufacturing, and as of the first quarter of 2014 accounted for 7% of national employment. Over the past few years, construction in the Philippines has been flourishing amid a climate of political stability and upbeat business sentiment,...
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...
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...
What will be the balance between high-end developments and low-cost housing in the coming years?
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