Share:

Philippine Property Market News (June 2020)

Claro Cordero Jr. • 01/07/2020
Cushman & Wakefield Philippines is pleased to present the June 2020 issue of its Property Market News report. In this report, we take a look at the latest updates from the local office, retail, hospitality and logistics sectors as the country continues to ease its lockdown restrictions.

 

  • Five (5) licensed Philippine offshore gaming operators (POGOs) and their local service providers have reportedly shut down their operations. These POGO operators are estimated to account for 11% of the total of 45 companies that are actively operating in the country. The recent POGO closures is seen to increase vacancy levels in the office market. 
  • E-commerce is gaining traction as players expand their presence in online channels and pour out investments in launching their own online platforms to adjust to COVID-19 induced "new normal". 

 

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

RElated Insights

Potential Impacts of the COVID-19 Pandemic on Commercial Real Estate in Asia Pacific
Research • Occupier

Potential Impacts of the COVID-19 Pandemic on Commercial Real Estate in Asia Pacific

The novel coronavirus outbreak, first reported from Wuhan city in Hubei province, central China, represents a new downside risk for the regional economy.
James Shepherd • 18/02/2020
generic-building
Insights • Investment

6 More Asia Pacific Capital Flows Webinar Questions Answered

On the 15th April we held a special webinar focused on Asia Pacific capital flows. With so many interesting questions asked by our audience, we decided to ask our experts to answer some of those that we ran out of time to cover in the session.
James Shepherd • 22/04/2020
 REIMAGINE: How & Where The World Will Work | Asia Pacific webinar
Insights • Workplace

REIMAGINE: How & Where The World Will Work | Asia Pacific webinar

Last month we launched an unprecedented report, The Future of Workplace based on our findings of the current work from home experience. We have now captured more than 2.5 million data points from over 50,000 workers all over the globe - the largest survey on the impact of COVID-19 on the way we work. We will share our findings, discuss what is the role of the office and reimagine how and where we will live and work in the future.
23/06/2020

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