Article Tag: pre-selling condominium

In recent years, the Philippines has become one of the hotspots for real estate investors in Southeast Asia. The growing economy and increasing middle class have made the country very attractive to both local and foreign investors.
This 2020, Colliers International Philippines is seeing a sustained property market over the next two years, but advises investors to recalibrate plans to adapt to the constantly evolving property landscape in the country.

In the report, Colliers explained how the strong demand and evolving preference of tenants is giving rise to flexible workspaces; residential developers are tweaking their projects to cater to Chinese offshore gaming employees and local professionals; and mall operators are more open to foreign food and beverage (F&B) and home furnishing tenants, which will redefine retail space absorption in 2019. Colliers also said it sees developers cashing in on the thriving property market by aggressively acquiring parcels of land outside of the more established business districts.