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Philippine Property Market News (December 2020)

Claro Cordero Jr. • 11/01/2021
In this December 2020 report, we analyze the latest impact of the pandemic on the local commercial real estate market as well as the trends and innovative solutions that have emerged as a result of the global crisis.

 

  • Short-term price correction is expected in the mid-end residential segment, as growth in the major sources of demand (particularly from foreign workers and overseas Filipinos) is halted by the on-going pandemic. As the workforce transitions into a blended set-up (i.e., those who will continue to work remotely while others return to their offices), supply and demand of residential developments are expected to be less dense, as well as shift from traditional business districts to adjacent urban areas. 
  • The essential (retail) segment will continue to lead the Philippine retail as the sector's full recovery is not expected soon amidst lingering economic uncertainties. Consumer spending, which is key to retail vibrancy is expected to bounce back when concerns on high unemployment, lingering job insecurity and uncertain business environment are duly addressed.
 

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

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