Our February 2023 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.
- The strong prospects for overseas Filipino (OF) remittances will continue to buoy the demand for the midmarket residential segment. Whilst the effect of policy rate hikes will not immediately translate to increases in mortgage rates in the short term, the demand for the midmarket housing property segment will likely take a hit once it takes effect in the near term, especially with a high inflation rate environment that dampens consumers' purchasing power.
- The rising level of prices may bite into consumers’ appetite to some extent whilst the Philippine retail sector's growth is seen to maintain its growth momentum, sustained by the resumption of normal business operations. In order to consistently draw consumer traffic, the physical retail landscape needs to evolve to incorporate the ‘shopping experience’ shaped by the recent pandemic and move beyond shopping and leisure.
The above is an excerpt of the February 2023 report. To read the full report, click on the Download button on the right.