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Philippine Property Market News - May 2021

Claro Cordero Jr. • 01/06/2021
This May 2021 edition of our report takes a look at the latest market activities in the Philippine commercial real estate sector including insights on the ongoing impact of the global pandemic on the sector.  

 

  • Real estate investments will remain crucial in directing the pace of economic recovery as it fuels various sectors that support the economy. Cushman & Wakefield believes that the demand for commercial real estate in the Philippines will once again pick up post-pandemic due to its solid fundamentals. To further boost the resilience of the banking system - manifested during the last major economic downturns - the passage of the Financial Institutions Strategic Transfer (FIST) Act is instrumental to assist the banks and financial institutions (Fis) in the management and disposal of their respective non-performing assets (NPAs) and non-performing loans (NPLs). 
  • Despite the strong proliferation of online retailing, the traditional retail segment is expected to recover along with the economy in the medium term, driven by a relatively young population with deep-rooted mall culture. Nonetheless, retailing will evolve into omni-channel marketing strategy, where physical and online experience become more integrated.
 

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

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