March 21, 2019
There is a paradox in the National Capital Region’s condominium market at the moment.
While it is true that there is an oversupply of condominium inventory, we are not seeing developer-initiated significant price reductions to push these inventories out of the market.
THE business process outsourcing industry (BPO) will remain a key driver of Philippine economic growth despite US protectionism, the head of a real estate consultancy said, with projected workforce expansions expected to boost demand for office space.
Speaking at Manila Times economic forum on Thursday, Lobien Realty CEO Sheila Lobien projected that 160,000 new employees would join the BPO workforce this year, requiring companies to add an estimate 480,000 square meters of office space.
[Amy Remo - Writing Editor, Property Section at Philippine Daily Inquirer] Cautious recovery, innovation, and resilience are expected to define the Philippine real estate landscape in 2025.
Developers are seen to continue recalibrating to meet shifting demands with suburban townships and sustainable horizontal developments, while unsold Metro Manila condominium inventories will likely temper new launches. The industrial and logistics sectors, buoyed by the e-commerce boom and decentralization, is seen to maintain their resilience.
Lobien Realty Group is the No. 1 Realty Property Provider in the Philippines. We provide office and commercial spaces, lots and properties for sale/lease in the cities of Makati, Taguig, Pasig, Mandaluyong, San Juan, Pasay, Parañaque, Las Piñas, Quezon, and Caloocan.