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Flash Report | Prospect for Economic Recovery a Boon to Philippine Property

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The Philippine economy continues to reel from the impact of the pandemic and lockdowns, officially entering into a recession.

Colliers believes that conversion and repurposing of assets are crucial amid the pandemic and global economic downturn. Hotel operators should explore the viability of co-living and flexible workspace schemes. Industrial developers should modernize existing warehouses and look at converting vacant mall spaces into microwarehouses near business districts in Metro Manila. This should benefit property firms with industrial and retail arms. Office landlords and occupiers should consider adopting the hub-and-spoke model to reduce cost and improve employees' work-life-balance.

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Flash Report | Prospect for Economic Recovery a Boon to Philippine Property

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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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