Our July 2021 edition of the report takes a look at the latest market activities in the Philippine commercial real estate sector and provides an outlook on the sub-sectors.
- The aging millennials who are likely to outgrow their demand for smaller spaces will drive the demand for residential properties in the fringe areas and those in the peripheries of the major commercial business districts (CBDs) as they seek affordable and bigger spaces. The dynamic infrastructure developments in provincial areas, as well as the prominence of work-from-home set-up, will only reinforce this demand from the age group.
- The manufacturing segment is not only a major driver of the industrial sub-sector but also of the entire economy, as it contributes roughly a fifth to the country's total output. The deferment of recently imposed 12% VAT on previous exempt raw materials sold by local manufacturers to exporters provides a major relief to investors. Nonetheless, the segment requires a solid investment framework to strengthen the capacity of the country to attract future investments.
The above is an excerpt of the July 2021 report. To read the full report, click on the Download button on the right.
