Philippines
Philippines’ lacklustre office absorption dampens residential demand
Residential vacancy increased from 15.6% in Q4 2020 to 16.3% in Q2 2021.
Philippines’ lacklustre office absorption dampens residential demand
Residential vacancy increased from 15.6% in Q4 2020 to 16.3% in Q2 2021.
Familia Apartments at Bamboo Lane clinches Special-Purpose Development of the Year - Philippines at Real Estate Asia Awards
It has contributed to addressing the backlog in providing quality shelter for the common Filipino.
Manila retail vacancy rate reaches 15-year high of 7% as store closures persist
This is the highest recorded vacancy rate since 2006.
Manila records lowest residential vacancy since the pandemic hit
Vacancy improved to 9% in Q1 2021, the lowest since Q2 2020.
Manila’s office vacancy rate hits 12-year highs in Q1
Vacancy rate reached 9.8% in Q1, the highest since 2009.
Philippine retailers struggling to rightsize as logistics takes off: JLL
This is following the rise of e-commerce-use amidst long lockdowns throughout the country.
Smart homes with Japanese-inspired minimalist designs are on trend in Manila
Mixing elements of Japanese functionality and simplicity, Tokyo Grand Renovation is becoming famous for making homes into office-ready spaces.
Philippine residential prices to inch up 1.5% in 2022
The pace of growth will likely hinge on a rebound in office leasing.
Manila prime retail net absorption still in the red as store pull-outs persist
Net absorption hit -41,500 sqm in 4Q20 as more store closures were recorded during the period.
Manila's office net absorption plummets 80% in 2020
Take-up in 4Q20 reached 85,800 sqm, enough to lift total net absorption to 68,700 sqm for 2020.
SM Supermalls keeps doors open amidst pandemic, to launch more 'smart cities' and e-commerce channels
It also reached out to displaced jeepney and tricycle drivers to facilitate delivery of orders to far-flung locations in the Philippines.
Manila's active home resale market props up capital values
Capital values in 4Q20 increased 10% yoy to PHP 269,932 per sqm.
Top 3 capital market trends to watch in the APAC logistics sector
Logistics has remained resilient with over US$7bn in capital raised in the last six months.
Residential vacancy rates in Manila hit double-digit record of 11% in Q2
The last time vacancy hit double digits was in 2005.
Philippines may see lowest level of completions across all asset classes in years: JLL
Adaptability of real estate stakeholders will play a vital role in pivoting the industry’s challenges into opportunities amidst the declining supply and demand of spaces across all asset classes.
Philippine retail rents slip -0.8% in Q2 for the first time since 2009
Metro Manila landlords have become more lenient as they strive to retain contracts.
Philippine logistics demand to grow by 160,000sqm annually over the next 10 years
E-commerce firms and third-party logistics are driving the demand for high-specification spaces.
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1. APAC prime office rents drop for the seventh consecutive quarter 2. Singapore office vacancy rate hits record low in over 7 years 3. Singapore private home price hike slows to 1.4% in Q1 4. Australia transaction volumes at decade lows over the past year 5. Singapore Q1 private home transactions down 2.4% to 4,230 unitsResource Center
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
