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Philippine Property Market News (October 2020)

Claro Cordero Jr. • 01/11/2020
In this October 2020 report, we take a look at the latest updates from the office, retail, hospitality and logistics sectors in the Philippines. 

 

  • The Philippines' equities market is seen to benefit from the country's first-ever real estate investment trust (REIT) listing to aid its recovery after the pandemic dulls the initial public offerings (IPO) in the country and most of the Southeast Asian economies. The maiden REIT listing is hoped to stir market stimulus and encourage other real estate companies to seek REIT that would be of great benefit to the Philippine market.
  • The focus of the residential build over the last few years is on the mid- to high-income developments particularly within and in the periphery provinces of Metro Manila, leaving the socialized housing and economic segments underserved. Streamlining housing regulations and processes is one of the ways to narrow the gap in low-priced housing properties and it could also stir the interest of other major developers with the elimination of the unfavorable housing requirements and lengthy processes in securing housing permits for residential developments.
 

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

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