Share:

Philippine Property Market News (August 2020)

Claro Cordero Jr. • 01/09/2020
In this August 2020 report, we take a look at the latest updates from the office, retail, hospitality and logistics sectors in the Philippines. 

 

  • While the boost in demand for flexible working spaces is seen to persist even in the post-pandemic era, Cushman & Wakefield sees that the return to workplace will evolve in a varied ecosystem, where core office hubs and suburban spokes will manage to co-exist. This trend is expected to persist as work arrangements are expected to remain flexible, as some of the workforce will choose to remain in the work-from-home mode. Meanwhile, the strict observance of health and safety measures in workplaces is expected to continue and be highlighted even post-pandemic period. 
  • Following the travel restrictions since the onset of the lockdown period that led to zero tourist arrivals recorded from April to July this year, the 7-month period foreign visitor arrival is registered at only 1.3 million, a 73% drop from 4.64 million recorded in the same period last year. Similarly, the revenue generated from tourism activities is down by 72% to only PHP 81 billion from PHP 289 billion during the 7-month period last year. The country's tourism sector is now betting on the revival of domestic tourism, which could start under the modified general community quarantine, to reboot the business activities of the hotel and resort segments.

The above is an excerpt of the August 2020 report. To read the full report, click on the Download button on the right.

RElated Insights

investment
Insights • Investment

Singapore Hotel Investments Heating Up

27/02/2019
healthcare-in-india-set-to-be-a-372-bn-industry-by-2020
Insights • Investment

Healthcare in India set to be a $372-bn industry by 2020

India’s healthcare industry is expected to grow at a compound annual rate (CAGR) of 22% between the 2017-2022 period — from a size of $120 billion in 2017 to $372 billion by 2022. 
Manish Goel • 14/11/2019

Related Stories

Carbon Credits through Clean Development Mechanism (CDM), Verified Carbon Standard (VCS) & Gold Standard (GS) programs
Town Councils • Energy
Learn More
Drones Story Card Image
Singapore Sports Hub • Information Technology
Learn More
Ascott-Raffles-Place-story-thumbnail
Ascott Residence Trust • Hospitality & Tourism
Learn More