Despite Covid-19’s disruption to the Philippine property market, Colliers recommends developers continue maximizing the government’s plan of ramping up infrastructure development by implementing the following:
- Strategic landbanking in areas outside of Metro Manila as infrastructure spending should enable decentralization from the urban core to the provinces around Metro Manila.
- Expansion of mixed-use developments outside the capital region.
- Expansion of industrial hubs given the resurgence of the manufacturing sector and the rising demand for warehouses and similar facilities.
- Highlighting the proximity of office, residential, and industrial properties topublic infrastructure projects.
In our view, the Philippine property market’s pace of recovery is also likely to hinge on the government’s roll-out of the COVID19 vaccines.
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