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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.

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