By: Ronnel W. Domingo, Philippine Daily Inquirer, Apr 12, 2019
The growth in Philippine-bound investments and tourist arrivals from mainland China is expected to help keep the domestic real estate sector along an upward trajectory in 2019, based on positive positions across segments seen so far in the first quarter.
Janlo de los Reyes, head of research and consultancy at Jones Lang LaSalle (JLL), said in a briefing yesterday the Philippine real estate industry had been steadfast, with growth observed in the residential, retail, industrial, hospitality and commercial office segments.
Based on JLL’s preliminary report on the Metro Manila Property Market Overview for the first three months of 2019, the residential segment added an estimated 5,400 units during the period.
In the retail segment, vacancy rates of shopping centers remained low at 3.7 percent, amid strong demand from foreign and local brands.
For the industrial segment, investor interest had been increasing, driven by growth in the manufacturing and logistics industries.
In the hospitality sector, growth in tourism and rising investments in hotel developments have pushed the stock to 36,700 rooms.
In the commercial office segment, a total of 173,600 square meters was added in the first quarter, bringing total space to 8 million sqm.
He added that with Chinese tourists from the mainland expected to overtake the South Koreans as the largest group of foreign visitors to the Philippines, the hotel segment is poised for further growth.
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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