Our April 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.
- Hotel bookings are seen to recover in the upcoming months during the summer period especially in traditional destination areas from domestic tourists, amidst the shortage of skilled labor force in the industry. As the upward trend in the hotel segment is becoming more evident, hotel players should leverage social and technological developments to capture the demand of increasingly digital consumers.
The above is an excerpt of the April 2023 report. To read the full report, click on the Download button on the right.
