Some of the country’s central business districts transformed into ghost towns almost in the wink of an eye last year at the height of COVID19-related lockdowns.
From highly-urbanized m elting pots of young professionals out to take on the world, CBDs became deserted communities as malls closed down and office workers stayed home.
Many predicted the demise of CBDs but more than a year later, many of these financial hubs are slowly returning to normal.
In today’s issue of Property Report PH, we look into the development of some CDBs around the country and the future looks promising.
Andrew Tan-led Megaworld for instance, is strengthening some 11 townships across the country while Ayala Land is optimistic on the rosy prospects of its Cresendo estate in Tarlac. Bacolod also has a lot to look forward to.
In Makati, Rockwell Center sees the full recovery of the office market in two years.
Read more: Philippine Star