The measure, which replaces the previous 50+25-year limit, is expected to unlock billions of pesos in long-term investments for factories, farms, tourism projects, and industrial estates.
Joey Bondoc, Colliers Philippines director for research, said this positions the country to compete more directly with Vietnam, Thailand, and Indonesia in attracting global manufacturers and hotel chains.
Bolstering resilient sectors
“The industrial and leisure segments are two of the most resilient sectors pf the Philippine property market. They are recovering well post-covid and we see greater growth trajectory once we entice more foreign players to invest in the Philippines,” Bondoc said. “
“The approval of the proposed measure should also help unlock land and property values especially in major growth areas outside Metro Manila, including central Luzon, CALABA region, western Visayas, central Visayas, Davao region, and northern Mindanao,” he added.
Who benefits?
Philippine developers with expansive industrial footprint are also expected to benefit from the entry and expansion of manufacturing locators.
Colliers noted that these locators can be enticed to put up facilities within industrial parks and occupy warehouses and cold chain facilities.
Impact on industries and consumers
Colliers added that longer land leases should also encourage sunrise industries such as electric vehicles, electronics, and semiconductors to expand in the Philippines.
The measure, it said, will also support agro-industrial zones and bring in more foreign direct investments that generate jobs and strengthen the supply chain.
For consumers, the law is expected to lead to better services, more choices, and stronger competition as global players expand into the domestic market.
This is also expected to create more townships and leisure-oriented projects, expanding investment beyond Metro Manila into new economic centers nationwide.
—Edited by Miguel R. Camus
