Philippines Reveals Trends Shaping The Country’s Property Market This Year

Two years after the global health crisis caused by the coronavirus disease 2019 (COVID-19) turned out as well to be a global economic crisis, recovery outlooks for the Philippine property industry are becoming clearer.
The outlook published by professional real estate services company Colliers Philippines last December highlights that the Philippine property market is “raring to roar back” this year, with an improving vaccination rate and rising consumer and business confidence providing a “much-needed boost.”

“In our view, office, residential, retail, and industrial sectors will benefit from a macroeconomic rebound. Landlords should prepare to capture pent-up demand while tenants and investors should maximize opportunities as the market is on its way to recovery,” Joey Roi H. Bondoc, associate director for research at Colliers Philippines, wrote in the outlook. The outlook published by professional real estate services company Colliers Philippines last December highlights that the Philippine property market is “raring to roar back” this year, with an improving vaccination rate and rising consumer and business confidence providing a “much-needed boost.”

“We believe that the adoption of sustainable office spaces plays a crucial role in future-proofing office towers beyond 2022,” Colliers’ report explained. “In our view, there will likely be a heightened preference for sustainable buildings that provide natural lighting and optimize air quality, among other features. Over the next three to five years, these features should result in utility and talent acquisition cost savings, and contribute to healthier and more productive workforce.”


As the government accelerates its COVID inoculation program, cold storage facilities are likely to expand in areas outside Metro Manila, anchored by the growth of grocery and perishable food item deliveries,” the firm wrote in the outlook.

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