Businessman Erik Lim’s Topline Group is stepping up its real estate push by appointing David Leechiu-led Leechiu Property Consultants as the exclusive leasing agent for Bay Mall’s office spaces in Northern Cebu.
The Philippine office market is showing stronger-than-expected momentum heading into 2026, shrugging off earlier headwinds from POGO exits and global uncertainty.
That jaw-dropping P200 million splurge at Manila Golf last year is starting to make a lot more sense, with share prices now hovering just below that mark.
The Philippine office leasing sector is surging at a pace not seen since before the offshore gaming boom, anchored by a resilient outsourcing industry.
The Philippine tourism and hotel sector is still struggling to regain strong momentum in 2025, with projections falling short of the government’s ambitious target of 8.4 million foreign arrivals, according to Leechiu Properties Consultants (LPC).
Leechiu Property Consultants (LPC) said the office sector is showing resilience in 2025, with strong demand from the IT-BPM sector offsetting the continued exit of Philippine Offshore Gaming Operators (POGOs) and pushing net take-up projections 16 percent higher year-on-year.
Looming interest rate cuts could bring timely relief for Metro Manila condominium developers, who are sitting on a record two years and four months of unsold inventory as buyer hesitation dampens demand.
President Marcos’ order to phase out the China-focused Philippine Offshore Gaming Operators had an immediate impact on the country’s office sector, with about 50,000 square meters of leasing deals ending in the third quarter of 2024.