The Philippines’ rebound after the pandemic is promising. It still remains to be the fastest growing economy in Southeast Asia with its GDP still remaining at its highest since 1976. GDP growth is attributed mostly by trade, manufacturing, and construction industries.
The sustained growth was brought about by the expansion in the services and industry sector, commitments from foreign and local investments, resulting in a positive labor conditions which resulted in an employment rate of 96% from 92.2% in the previous year.
The growth in remittances during January to November was driven mainly by inflows from the United States, Saudi Arabia, Singapore, and Qatar. Personal remittances to the Philippines sent by Filipinos abroad grew by 5.8% to $2.93 billion in November 2022 from $2.77 billion in the same month of 2021.
The depreciation of the Philippine Peso against the greenback benefitted the residential market, as it made the market more affordable to families receiving dollar remittances.
Household Final Consumption Expenditure (HFCE) increased by 6.0% on a year-on-year basis, despite looming inflation rate, basic goods and utilities such as; Food, Housing, and electricity, recorded a 4% year-on-year growth respectively. Consumption of food and non-alcoholic beverages grew by 4% which covers 43% of the total household spending.
Residential real estate prices have grown positively as observed with the total numbers of loans based on bank’s data on actual mortgage loans granted to acquire new housing units only.
The current administration aims to continue the Build, Build, Build program by implementing its infrastructure program entitled: Build, Better, More. The BBM infrastructure program would include: Traffic Decongestion program, Integrated ad Seamless Transport System, Livable, Sustainable and Resilient Communities, and Convergence and Rural Road Development program.
Metro Manila’s retail market has bounced back significantly since the beginning of the pandemic. Once empty malls are now filled not just with visitors but also tenants. Overall, an optimistic consu ...
The residential market has seen mixed results during the pandemic. While there was a slowdown in sales in the vertical housing market, interest for single-detached homes and residential properties out ...
Metro Manila’s office market performed significantly better than in previous quarters, as a result of mitigated covid spread, improving mobility and return-to-office policies. The Metro Manila offic ...
Real estate is said to contribute roughly around 40% of the world’s greenhouse gas emissions. These come from not just construction but also throughout the lifecycle of an asset, including a buildin ...
Over the last five years, data center supply in emerging markets in Asia Pacific has grown by over 300%, according to the Q3 2022 Data Center Report by Knight Frank in partnership with DC Byte, the le ...
The Philippines’ commercial real estate sectors are seeing a return of activity, especially in Metro Manila. Here are the trends we have seen in Q2 2022 within the city, as revealed in our webinar, ...
Arca South is gradually taking shape as the newest central business district south of Makati and Bonifacio Global City. Overall, approximately 344,000 sqm of office space are anticipated to be launche ...
The Philippines is now seeing a gradual return of business travel, including foreign expatriates and talent relocating to the country, in the backdrop of high vaccination rate, easing of travel restri ...
The pandemic has accelerated the green conversation, with now a firmer resolve to see things through. Now more than ever, there is greater interest on Environmental, Social, & Governance (ESG) in both ...
The data center market in the Philippines has seen more movement over the last six months than the last two years, making it one of the fastest-growing real estate sector in the Philippines. ...
That’s the difficult choice some BPOs are getting ready to make. Nicknamed as the Occupiers’ Dilemma, BPOs might soon have to decide between keeping their PEZA benefits, or keeping a majority of ...
The overall resilience of the residential sector comes from the fact that houses are a necessity and fill the basic need for safety, security, and comfort. ...
Companies are gradually shifting to new workplace strategies to address demands that emerged during the pandemic. Here are four themes that are defining the workplace in 2022. ...
Choosing a home should be beyond aesthetics, and more towards its contribution to one’s overall being ...
The most common question during the pandemic is about timing. When is the best time to buy? The question must be: Where? ...
The pandemic has inevitably influenced the decisions of high-income earners in the Philippines with regards to their homes for the next 12 months. such as pent-up demand for new and second homes and a ...
Owning a slice of prime real estate in one of the Philippines islands is one of the most desirable investments. Here are 4 beautiful beach properties that you might consider acquiring. ...
In the time of COVID-19, the need for disaster resilience has become much more urgent – especially for properties. What can we do to safeguard our assets and businesses? How can we prevent or minim ...
With families looking for less dense, green, and idyllic environments, or "safe havens" that are still accessible to work and play, here are four beautiful homes in Metro Manila ideal for you and your ...
Beach properties or the suburbs are top locations high-net-worth individuals are looking to acquire second-home investment. Here are 5 that are on the market right now. ...
Cold storage is set to become one of the next popular investment sectors in Philippine property as demand for vaccines, foods, and import goods drive activity in cold chain logistics, according to lea ...
Bright opportunities lie ahead in the Philippines’ real estate sector amid the vaccine rollout and the gradual economic recovery from the impact of the COVID-19 pandemic ...
The office market in secondary cities will generally be soft but with a few bright spots ...
The workplace will evolve from central to dispersed. Here are 7 changes we expect to see in the office ...
The industrial & logistics sector was the most stable asset class in 2020. Will this continue in 2021? ...
Flexible payment terms, a growing resale market, and movement to low-density areas are trending in the residential sector ...
Almost 25% of prime and grade A office space in Metro Manila are LEED certified. From nice-to-have, sustainable design is now a must-have ...
The pandemic has put the spotlight on real estate’s front-liners: professional property managers ...
Air quality has long been a critical issue among building owners. COVID-19 has accelerated the need for good air ...
The pandemic has upended expectations, shifted investment strategies and forced investors to rethink their priorities ...
With the exception of Singapore, the data center market in Southeast Asia is still in its infancy ...
What will real estate look like in 2021? ...
Santos Knight Frank's Chairman & CEO, Rick Santos, discusses the outlook for the Philippine real estate sector during the launch of Knight Frank's The Wealth Report 2021 in Manila. ...
Santos Knight Frank and Manila House, in partnership with Julius Baer, held the webinar The Wealth Report 2021: A Global & Philippine Real Estate Investment Outlook on May 4, 2021 featuring speakers a ...
Anthony Dizon, founding president of the Cold Chain Association of the Philippines, discusses the state of affairs of the industry. This presentation was part of Santos Knight Frank's The Future of Lo ...
The Philippines' cold chain industry capacity is set to grow by 10% this 2021, driven not just by the vaccine roll out but also by lifestyle and consumer preferences. Rick Santos of Santos Knight Fran ...
A one on one discussion with Undersecretary Verna Buensuceso of Department of Tourism Philippines regarding tourism updates in the Philippines. ...
Lessons from Phuket Sandbox, changes in the labor market, shift in COVID-19 metrics, and the future of hotel management companies. Bill Barnett of C9 Hotelworks and James Kaplan of Destination Capital ...
New market segments, digital pivot, creativity with new services, virtual event management, repurposing spaces to office. Rick Santos of Santos Knight Frank asks Cleofe Albiso of Megaworld Hotels and ...
Secretary Berna Puyat discusses the state of affairs of the tourism industry. This presentation was part of Santos Knight Frank's Hotel Outlook 2021 series, organized in partnership with British Chamb ...
can the Philippines prepare for data center? Hear it from Adeline Liew, Director of Occupier Services and Data Centers Lead for Knight Frank APAC. ...
What are the real estate asset classes that property investors should pivot in the post-COVID-19? Hear it from Neil Brookes, Head of Capital Markets in Knight Frank Asia Pacific. ...
What is the future of REITs in the Philippine property market? Hear it from Sigrid Zialcita, CEO of APREA Philippines. ...
How has COVID-19 disrupted the logistics industry? Martin Cu shares how Ninja Van pivoted with the demand amid the pandemic. ...
Workplace experts Raphael Santos of Adrianse Group and Nikki Vergara of Positive Workplaces share the advantages of the physical office in our overall well-being ...