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...
Demand for housing and office space in the Philippines is expected to remain high on the back of impressive economic growth. Despite an increase in new space, property developers expect vacancies in premium residential and office space across business districts to remain scarce. According to Colliers International, demand is so high that even with...
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