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Flash Report | Property players respond to market challenges

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Results of our survey show property stakeholders recalibrating amid disruptions in the market


The results of our Colliers Philippines survey, conducted during our 9 February 2021 webinar reveal how respondents have been responding to COVID-19 induced disruptions in the market. In our view, these present opportunities for property players beyond 2021.

In our opinion, landlords should continue being proactive in offering alternative leasing schemes to tenants.

Condominium developers should be on the lookout for peripheral areas in Metro Manila that are viable for mid-income to upscale residential projects.

Hotel operators that are flexible enough to pivot to existing market demands should consider offering hotel rooms as quarantine facilities and flexible workspaces.

Meanwhile, mall operators facing rising vacancies in Metro Manila should explore the viability of repurposing and converting vacant spaces into warehouses and fulfillment centres within Metro Manila.

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Flash Report | Property players respond to market challenges

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Joey Bondoc

Associate Director

Research

Manila

Prior to joining Colliers in March 2016, Joey worked as a Research Manager for a research and consutancy firm where he handled business, political, and macroeconomic analysis. He took part in a number of consultancy projects with multilateral agencies and provided research support and policy recommendations to key government officials and top executives of MNCs in the Philippines.

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