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Philippine Property Market News - August 2022

Claro Cordero Jr. • 26/09/2022

Our August 2022 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.

  • The data center real estate is seen to sustain its growth post-pandemic as the other segments of the property sector embrace digitalization.
  • The massive increase in air passenger traffic volume indicates that the recovery of the hospitality industry is underway, buoyed by local tourism activities.
  • The Philippines has long been battling the congestion woes in highly-urbanized areas that are seen to further worsen as economic expansion remains concentrated in the major business hubs.

    Formulating an efficient land use plan is critical in the sustainable development of the country as the appropriate utilization of land resources will maximize the economic benefits of future infrastructure projects, allowing for the creation of transit-oriented communities and guiding real estate developers to spur developments in the province.

The above is an excerpt of the August 2022 report. To read the full report, click on the Download button on the right.

 

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