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MANILA – The Philippines ranks No. 1 in labor force among Asia Pacific outsourcing destinations, according to global real estate consultancy Knight Frank’s recent report on the BPO industry entitled Horizon: Harnessing the Potential of Offshoring. The report compares four offshoring hubs in Asia Pacific, namely: India, Malaysia, Vietnam, and the Philippines. Knight Frank’s analysis […]

Across the world, 81% of occupiers intend to adopt an office-first strategy. Most of them are returning to the office in a hybrid setup.   The debate on the most optimal work arrangements is reaching a discernible consensus, and there is now a widespread acceptance of the office-first-hybrid strategy. This strategic framework places paramount importance […]

In Asia Pacific, 51% of occupiers plan to enhance the quality of their office space – a significant increase from 37% two years ago. Amenities and services companies expect employees to demand in the next 3 years globally, according to (Y)OUR SPACE 2023. The increasingly competitive global talent landscape sees the Philippines positively distinguished by […]

More Filipinos are showing a growing interest in getting second homes, especially in residential leisure condos outside Metro Manila.   More and more people are buying units in Pampanga, Batangas, specifically areas like Laiya and Nasugbu, and Tagaytay, with the latter being the most preferred location for a second home. By Q3 2023, Tagaytay and […]

Manila led global prime residential growth at 21.2% year-on-year in Q3 2023.   Over the recent years, the Philippines has witnessed significant growth in local wealth creation, leading to the rapid expansion of investable properties in luxury residential developments, including the emerging sector of branded residences.    In Q3 2023, Manila’s prime residential prices grew by […]

The Philippine retail scene evolves with e-commerce and shifting consumer tastes, prompting mall operators to transform traditional centers into multifaceted modern hubs.    The Philippine retail landscape has undergone a transformative shift, grappling with the surge of e-commerce and evolving consumer preferences that challenged traditional brick-and-mortar concepts. In response, mall operators have adopted a forward-looking […]

Demand shifts in housing and offices, a resilient retail sector, and a recovering hospitality industry push Philippine real estate in its transformative era.   The Philippine real estate market presents diverse opportunities for 2024, fueled by a strong economic performance and changing market trends. The notable catalyst in this trajectory has been increased public spending, […]

Anticipate a resurgence of trends, buoyant projections, and a robust demand shaping the landscape of the office sector in 2024, particularly for Prime and Grade A+ buildings.   Morgan McGilvray Senior Director for Occupier Strategy & Solutions We Asked two of our experts from our team about their perspectives on the office market in 2024. […]

Your guide to investing in different real estate sectors this 2024.   Residential: Residential Properties in Metro Manila continue to surge, and the gap in Metro Manila land prices versus other major cities has never been so small. We may see more growth in new developments in neighboring cities outside Metro Manila.  Industrial: Among all […]

Metropolitan homes are out. Provinces are in. Residential units in the fringes show growing demand.   The residential real estate sector in the Philippines has demonstrated consistent growth in recent years, and all signs point towards further advancement in 2024. This growth is attributed to several key factors, including the ongoing process of gentrification in […]