Stay updated with property market trends. Explore our blog, Colliers REview Philippines, for our professional outlook on issues relating to the real estate industry.
One of the most highly sought-after business and residential addresses in Metro Manila, Bonifacio Global City has come a long way since this former military camp was developed in the mid-1990s. It is now Metro Manila’s largest and second largest condo and office markets – distinctions that will only get better over the coming years.
As we start to gradually welcome workers back to the office, we might as well offer them office spaces that protect their health and well-being.
Learnings from the Covid-19 pandemic have led companies to develop new ways of working and engaging their people, redefining the purpose of the office along the way. As the rise of “hybrid” work empowers employees to work where they deem best for their performance and productivity, the role of the workplace continues to evolve and will open up avenues for innovation through office renovation.
While the back-to-office plans of many companies may have been delayed by the Omicron variant of Covid-19, it does not mean that landlords will just sit tight and wait for clients to come knocking at their doors. These recommendations may be just the thing landlords need to close that next big lease contract.
Colliers has been one of the BSP’s sources of insights and data on real estate sector for more than 15 years.
With the signing of Republic Act No. 11595 (“An Act amending Republic Act No. 8762 or the Retail Trade Liberalization Act of 2000”) into law and the approval of Senate Bill No. 2094 (“Amending the Public Service Act”) on its third and final reading, the Philippines is poised to open the floodgates to more foreign direct investments and avenues for economic growth.
Amid disruptions caused by the Covid-19 pandemic and Typhoon Odette, many outsourcing occupiers in Cebu continue to implement a work-from-home setup. The evolving needs of occupiers may ultimately unlock short- and long-term opportunities for the office market.
Keeping employees safe and healthy while minimizing business disruptions.
The LEED Gold-certified building will feature more than 58,000 square meters of sustainable, Grade A office space once completed in 2022.
Certified as urgent, Senate Bill No. 1156, which introduces amendments to the Foreign Investments Act of 1991, was approved by the Senate on its third and final reading. The economic reform seeks to attract and welcome foreign investment activities by easing the restrictions and requirements for foreign businesses in the Philippines.
With the issuance of Revenue Regulation (RR) 15-2021, which essentially maintains the current VAT regime, locators will be able to manage their operating costs and protect their margins as they wait for the business environment to gradually improve.
By allowing various locators, including BPO companies, to extend work-from-home arrangements until September 12, 2021, the CREATE Law enables PEZA locators and other registered business enterprises to future-proof their operations from a business continuity standpoint.
The Implementing Rules and Regulations (IRR) of Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act was signed last June 21, 2021. Read more.
Indoor air pollution is perhaps one of the most underrated health concerns in commercial and institutional buildings and it is not hard to see why. Read more.
The Philippines is one of the fastest growing economies in the region. Its growth is mainly consumption driven, with household spending covering nearly 60 percent of the country’s annual economic output.
The Cebu Office Market has seen a substantial progress over the past few years due to the continuous influx of the outsourcing businesses.
As soon as brand new building is completed, it immediately experiences depreciation due to physical deterioration from normal wear and tear.
Southern Luzon has always been a major contributors to the Philippines’ annual economic output, accounting for about 14 percent of the country’s gross domestic product (GDP).
Colliers Philippines' Managing Director, Richard Raymundo, had the pleasure of being one of the speakers at Inquirer Property’s first property forum for the year.
Raising the minimum wage across the United States may increase US businesses to outsource jobs to countries such as the Philippines where production costs are lower.
BPOs were born out of necessity. In the late 90’s, the need for large multinational companies to outsource peripheral businesses was to realign them in focusing only on its core competence.