Asian Boom for the Philippines

The Filipino property market remains strong due to the sustained growth of the Philippines as well as the impending ASEAN integration, according to a report by Pinnacle Real Estate Consulting Services Inc.

The office sector is robust due to high demand, low vacancy, increasing rents, and upcoming supply. The residential sector is seeing diversifying supply, successive sales, and expanding rental markets. The hotel and gaming sector is increasing demand from record-high tourist arrivals, and the industrial sector is boosted by manufacturers entering in joint ventures for government lands.

Twelve infrastructure projects worth P184.4 billion have been approved, with another P890 billion in the pipeline.

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