Real Estate

https://www.rappler.com/business/explainer-property-market-effect-pogo-ban/

By: Doris Dumlao-Abadilla – Reporter, Philippine Daily Inquirer, 26 Nov 2021 The office vacancy rate in Metro Manila may hit new highs in 2022 with the influx of new supply from property developers, according to property consulting firm KMC Savills. In its third quarter property report, KMC Savills noted that the office vacancy rate in…

by Lawrence Agcaoili – The Philippine Star, 27 Sep 2021 MANILA, Philippines — The year-long slump in the prices of condominium units dampened the national housing prices for the second straight quarter amid weak demand caused by the impact of the pandemic.

By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, 1 Sep 2021 MANILA, Philippines — As office vacancy rates hit record highs amid recurring lockdowns due to spiraling COVID-19 cases, Metro Manila’s landlords — previously less accommodating to office tenants compared to shopping mall occupiers — have been forced to offer unprecedented rental concessions to make their corporate…

by (The Philippine Star), 9 May 2021 MANILA, Philippines — MyTown, the country’s largest co-living brand, had seen a significant increase in corporate partnerships for staff housing over the last 12 months.

by Elijah Felice Rosales (The Philippine Star), 25 Apr 2021 POGO exit, work-from-home setup add to empty spaces MANILA, Philippines — The shift to work-from-home setup and the exit of offshore gaming companies have worsened the office space vacancy rate in Metro Manila to a new high since the global financial crisis, a global property…

BY CAI ORDINARIO, Businessmirror, 22 Apr 2021 DUE to high rent prices and low salaries, Manila is considered one of the most expensive places to live in Southeast Asia, according to the latest study by iPrice Group’s research.

by BusinessWorld, 13 Apr 2021 E-COMMERCE expansion backed some recovery in office space demand in the first quarter, Leechiu Property Consultants (LPC) said.

By Ian Nicolas Cigaral(Philstar.com), 26 Mar 2021 MANILA, Philippines — A surge in demand from people ditching expensive condominiums for bigger spaces away from suffocating city lockdowns pushed up home prices in the last quarter of 2020, and the ascent is likely to be sustained by the shift in buyers’ preference.

by Ian Nicolas Cigaral (Philstar.com), 9 Feb 2021 MANILA, Philippines — The Philippines’ hot property sector is sizzling with unoccupied spaces carried over from 2020, which are bound to keep prices in check this year, property consultants have said.

by Catherine Talavera (The Philippine Star), 30 Oct 2020 MANILA, Philippines — Vacancy in the Metro Manila office market is seen to post its highest level since the global financial crisis by the end of the year, driven by Philippine offshore gaming operators (POGOs) vacating spaces and business process outsourcing (BPO) firms rationalizing their office…

by Iris Gonzales, 23 Oct 2020 Indeed, thousands of square meters of office space are now vacant with no hope of being filled up in the near future due to COVID-19 fears and tax policies viewed as unfavorable by most POGO operators and their service providers.

by Bobit S. Avila (The Philippine Star), 20 Oct 2020 The Island of Cebu was dubbed by the Conde Nast magazine as the Best Island in Asia, besting Boracay, the holder of the title for many years. I call it an add-on to last year’s grandiose Tourism Growth for Region-7. This is great news for…

by Ben O. de Vera, Philippine Daily Inquirer, 23 Sep 2020 MANILA, Philippines—The exodus of Philippine offshore gaming operators (Pogos) will not only shed tax revenues but also leave behind sizable office and condominium spaces empty, which was last seen during the Asian financial crisis over two decades ago.

By Ian Nicolas Cigaral(Philstar.com), 24 Aug 2020 In a report released Monday, online property marketplace Lamudi said it saw a “switch” in property hunters’ preferences from financial districts to non-CBD properties during the enhanced community quarantine (ECQ) in Luzon. Lack of public transportation during the lockdown period is to blame. MANILA, Philippines — Property seekers…

by Prinz Magtulis (Philstar.com), 28 Jul 2020 MANILA, Philippines — Developers are facing up to 30% drop on sales this year as the pandemic not only weakens demand for property, but also stalls new projects in one of the Philippines’ booming economic sectors.

KMC Savills: Key considerations of office tenants on business continuity: ⁦@InquirerBiz⁩ pic.twitter.com/iNvZo8ruh3 — DorisDumlao-Abadilla (@Philbizwatcher) May 12, 2020

By: Amy R. Remo, Philippine Daily Inquirer, 25 Jan 2020 Manila rose four notches to rank eighth among 130 business hubs in a global index that identifies the world’s “most dynamic cities.”

by Jenniffer B. Austria, Manila Standard, 26 Dec 2019 An acute shortage of skilled construction workers threatens the growth of the property sector in 2020, according to consulting firm Colliers International Philippines.

By: Atty. Sara Mae D. Mawis, Dean Ma. Soledad Deriquito-Mawis, Philippine Daily Inquirer, 7 Dec 2019 Demand for residential property, particularly condominium units, has steadily increased in the Philippines.

By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, 23 Sept 2019 AboitizLand has made its debut in Metro Manila’s property market, choosing the residential apartment-for rent business as its vehicle with a fresh deal to buy 50 percent of microstudio apartment developer Point Blue.

by Doris Dumlao-Abadilla, Philippine Daily Inquirer, Sep 17, 2019 The fast-growing Philippine offshore gaming operator (Pogo) industry has overtaken the information technology-business process outsourcing (IT-BPO) industry as the biggest market for new office space in Metro Manila and could contribute as much as $11.6 billion to the economy this year.

by Ian Nicolas Cigaral (Philstar.com) – Sept 12, 2019 MANILA, Philippines — The Philippine property sector should withstand external headwinds that are threatening the global economy amid “strong appetite” for commercial and residential spaces in the country, property consultancy Colliers International said.

By: April Lynn Tan, Philippine Daily Inquirer, Aug 26, 2019 Property companies are among the worst performers in the Philippine Stock Exchange (PSE) this August. The main reason for their poor performance is news that China wants the Philippines to ban online gambling, a request it made after it lauded the Philippine Amusement and Gaming…

By Samuel P. Medenilla, Business Mirror, Aug 16, 2019817 FOR good or for bad, the fate of they country’s real-estate industry is now tied with the Philippine Offshore Gaming Operators (Pogo), which employ hundreds of thousands of foreign workers whose need for housing and work stations has caused property rates to spike.

Read more here.

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.

By: Doris Dumlao-Abadilla – Reporter / @philbizwatcher Philippine Daily Inquirer, Jan 15, 2018 An artist’s rendition of Anchor Land’s first urban bed-spacing project Cosmo Suites Property developer Anchor Land is debuting into the dormitory development business with a commitment to invest at least P5 billion to make available around 10,000 beds to business process outsourcing…

By Keith Richard D. Mariano, Businessworld, Feb 15, 2017 UNCERTAINTIES over the grant of incentives to business process outsourcing (BPO) firms have weighed on the Philippine office market, according to a property consultancy, as the government’s investment priority shifts away from service exports.

By: Doris Dumlao-Abadilla, Philippine Daily Inquirer, Jan. 14, 2017 Metro Manila is among Asia-Pacific’s most attractive urban hubs for developers and yield-seeking real estate investors this 2017, especially in the office and shopping mall space, based on the latest research on emerging trends in real estate commissioned by Urban Land Institute (ULI) and global advisory…