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Colliers Flash | Treading on the path to recovery

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Developers, investors remain optimistic as jabs inject much-needed boost to property

 

There were plenty to take away from Colliers’ Q2 2021 Metro Manila Property Market presentation survey held last July 2021. First, office take-up and condominium pre-selling remain tepid across Metro Manila. We also see opportunities with outsourcing firms looking for office space within and outside Metro Manila, while residential developers continue to launch projects in anticipation of a demand recovery beyond 2021.

We urge office landlords should continue providing concessions to tenants to prioritize occupancy, while residential developers should further explore the viability of fringe locations or areas outside the traditional central business districts. In our view, developers should remain focused and strategic with their land-banking initiatives.

Hotel operators, on the other hand, should focus on new quarantine protocols as local travel should be the main source of demand, while logistics developers should modernize warehouses to capture growth as the logistics sector is propelled by e-commerce and a rebound in household consumption.

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Colliers Flash | Treading on the path to recovery

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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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