This week, Colliers Research provides insights on DMCI Homes’ recently launched condo in Makati, Fortis Residences, which is among a growing list of condo developments in Metro Manila’s fringe locations. In addition, SM Investments Corp. recently reported that mall traffic more than doubled year-on-year in the first eight months of 2022, which bodes well for Metro Manila’s retail sector.

The Philippines’ second largest condo market after Metro Manila, Metro Cebu is projected to capture residential demand beyond 2022 – a recovery that will be supported by regional economic growth, inflow of remittances, and sustained BPO investment.

This week, Colliers Research provides insights on a recently sealed transaction between Eton Properties and a POGO firm, prompting the former to state that the office market is starting to normalize with the increase demand from occupiers, particularly from offshore gaming companies. In addition, Japanese electronic equipment manufacturer Yokowo Co. Ltd has recently opened a 3.7-hectare factory in Hermosa Ecozone Industrial Park in Bataan, which is expected to hire around 800 employees.

This week, Colliers Research provides insights on the recently launched Two Botanika, an Alabang luxury condo project of Filinvest Land subsidiary Filigree. Furthermore, outsourcing firm TELUS International Philippines announced the opening of its newest site in Pavia, Iloilo Province. This is the company’s second site in Iloilo and eighth in the Philippines.