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Philippine Property Market News (November 2020)

Claro Cordero Jr. • 07/12/2020
In this November 2020 report, we take a look at the latest updates from the office, retail, hospitality and logistics sectors in the Philippines. 

 

  • The strong interest in REITs has been revived as it provides a viable source of capital to support expansion plans and strengthen their financial position over the pandemic. In spite of an expected slow economic recovery, the optimism takes a cue from improvements in the business environment and the resumption of big ticket infrastructure projects that are expected to stimulate real estate activities.

  • With the future of Philippine offshore gaming operations (POGO) remain uncertain, the outsourcing industry buoys the office sector as their operations continue during the pandemic, albeit with limitations. The sector, however, remains vulnerable to the possibilities of companies holding off expansion plans in the short to medium-term and the US government policy shift towards the industry under its new administration.
 

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

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