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Philippine Property Market News - February 2021

Claro Cordero Jr. • 02/03/2021
In this February 2021 issue, we analyze the current state of the Philippine commercial real estate market including updates on the residential and logistics sectors.  

 

  • The pandemic has dramatically stirred the country's property sector with the emergence of new trends and the acceleration of existing ones such as the remote working concept, flexible working set-up, and preference towards online shopping that are seen to influence the future landscape of the property sector post-pandemic. These trends are expected to help evolve the supply and demand for real estate offerings, both in the short- and the long-term. 

  • As with the rest of the world, the country's supply chain is rapidly evolving, accelerated by the COVID-19 pandemic that requires an unprecedented increase in warehouse demand particularly in modernized and high-grade facilities. Aside from the COVID-19 vaccines that necessitate cold storage infrastructure, the rapid rise in online retailing and essential and fast moving consumer goods further accelerates this demand. Meanwhile, the local property market has yet to pump out enough supply of these modernized facilities, making now a favorable time for investments in these areas.

 

The above is an excerpt of the February 2021 report. To read the full report, click on the Download button on the right.

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