The cases of COVID-19 continue to grow. Mass gatherings, schools, and businesses come to a complete halt as the whole Philippines is under lockdown to prevent the spread of the disease. What will be the fate of commercial real estate this April? Market Still Stable Amid the Outbreak Colliers International claimed that the commercial sector…
Commercial Real Estate February 2020 Multinational BPOs and tech companies moved the commercial real estate industry forward, in spite of the threats levied by the POGOs and the Coronavirus. Great Streak of Demand and Supply The demand for office space was largely driven by POGO and BPO companies. Colliers shares the breakdown: 36% of the…
Residential Real Estate: Highlights from February 2020 Every year, Manila breaks out into chocolates and red hearts as we celebrate the month of love. The residential real estate market received much love too! Read on for the highlights. More Growth, More Opportunities Considering that 2020 started with a glut of demands from local and foreign…
Some think that success is measured through the achievements of an individual. For Ms. Arlene Geron, success is measured through the willingness of the person to learn something new every day. Arlene is a woman of consistency. She has worked as a professional realtor for more than a decade. One secret to her success is…
On January 12, 2020, the quaint touristy town of Tagaytay broke out into a panic. Taal Volcano erupted in a phreatic explosion. An ash cloud reached 15 kilometers into the sky, with lightning bolts adding to the panic. The ash plume rained black ash over Metro Manila, reaching as far as 80 kilometers to the…
Risk-taker, consistent, and resilient – these characteristics define this young professional real estate associate, Diana Erojo. Diana is known by friends and family as an outgoing person. She is easy to get to know, and makes it a priority to accommodate the needs of others. These qualities drive her down the path of becoming a…
The real estate market of the Philippines triumphed last year, mostly thanks to the effect of POGO firms on the country’s economy. Even though there are many demands of both residential and commercial spaces, many developers still successfully accommodated all of these demands which caused the market’s triumph last year. The Philippine real estate market…
Now that we’re on the brink of a new year with new fiscal opportunities, let’s look back on the year that was. How did commercial real estate perform at the close of 2019? POGO: An Unexpected Setback The commercial real estate industry of the Philippines has been heavily reliant on POGO firms, essentially putting a…
Colliers predicted in the first half of 2019 that the Philippine residential real estate market would triumph by year-end — they were correct. Consistent demand and purchase of residential real estate kept the industry at a level boom in 2019. POGO still On-The-Go POGO may have contributed to the growth of the country’s residential real…
With a twinkle in her wide eyes, Shiela Viesca shares, “Coincidentally, our love story also revolves around real estate!” She’s talking of course about her relationship with John Riad, HousingInteractive’s fearless leader. “I was renting out my unit, and some strange-sounding guy called to say there was an inquiry,” she grins. (John, in case you…
Colliers reports that a boom in the country’s GDP growth has a positive effect on the Philippines’ real estate market. Continuous growth over the next 3 years is likely. Strong Demands on Condos and Houses The demands of different units and houses in Metro Manila continue to soar as Bangko Sentral ng Pilipinas (BSP) reported…
It was truly a month of thanksgiving with the rise in property stock value last November. Colliers International reports that 3Q2019 showed a total of 11.9 million square meters of office space for Metro Manila, with a rise of 3-4% in inventory outside NCR (such as Davao and Metro Cebu). A POGO Demand CNN Philippines…