Entry of national developers further solidifies Pampanga’s stature as a property investment hub.
Colliers sees a more aggressive launch of new residential projects and sustained demand in Pampanga beyond 2022. Both national and local property developers will continue to capture demand in one of the most competitive markets in the Philippines.
The government’s massive infrastructure implementation and decentralization efforts should further raise this Central Luzon province’s viability as a preferred property investment destination outside Metro Manila. The easing of mobility restrictions, sustained remittances from overseas Filipino workers (OFW), and expansion of businesses should help propel residential rebound.
In terms of specific markets, we recommend that property developers continue their land-banking initiatives especially outside of the Angeles–San Fernando–Mabalacat corridor. We recommend local players with a sizeable landbank but with limited experience in building master-planned communities partner with national players in developing large townships.
Colliers expects higher take-up of condominium units in the next 12 months, which will likely be supported by improving investor and end-user sentiment and an increase in OFW remittances. From 2022 to 2026, we project the delivery of 150 condominium units annually, with San Fernando covering about 62% of the new supply during the period. Condominium prices are forecasted to rise by about 4% annually from 2022 to 2026 due to sustained demand from end-users and investors.
According to Joey Roi Bondoc, Colliers Associate Director and Head of Research: “Pampanga has long been a preferred property investment destination north of Metro Manila. The entry of national developers over the past decade redefined the province’s property landscape. We see Pampanga benefiting from the reopening of the country’s economy. Massive infrastructure investments should also solidify Pampanga’s attractiveness as a residential hub.”
