Filipinos may be tightening their belts, but the country’s biggest mall developers are betting P184 billion that shoppers will keep coming, even if it means trading movie screens for pickleball courts.
A night at a luxury hotel in Bonifacio Global City can cost more than P17,000, but that hasn't stopped the business district from topping Metro Manila residents' staycation wish list, according to Colliers Philippines.
Metro Manila is struggling with a glut of unsold condominiums, but buyers haven't lost their appetite for city living. The challenge for developers is making those homes affordable enough to sell.
The government should accelerate the issuance of Licenses to Sell (LTS) for residential projects as approval delays threaten to limit housing supply in markets where buyer demand remains strong, according to Colliers Philippines.
CEBU CITY— Cebu remains well positioned for sustained growth in the real estate market, driven primarily by its residential and hospitality sectors, although office transactions have recently cooled.
Colliers Philippines says a long-term lease deal between Ayala Land Offices and AXON Group highlights a growing shift in Makati’s office market as landlords reposition assets for a new generation of tenants.
Demand for affordable and economic housing jumped almost three times in Metro Manila’s residential market, data from Colliers Philippines showed, underscoring how demand is now concentrated at the low end.
Metro Manila condominium inventory has cooled from its recent peak, aided by rising take-up as developers offered discounts and incentives to move unsold units.