This May 2022 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.
- In Q1 2022, the Philippine economy exhibited a faster than expected expansion as the government loosened the restrictions that significantly encouraged consumer activities, along with the increase in election-related spending.
- With both the public and private sectors advancing their construction activities, with the resumption of works in public infrastructure and real estate developments, the construction industry is poised to see sustained growth despite the rising building materials cost.
- The more relaxed travel regulations and the country's low count of COVID-19 infections have boosted the performance of accommodation establishments driven by the restored confidence of both domestic and foreign leisure travelers.
The above is an excerpt of the May 2022 report. To read the full report, click on the Download button on the right.