Latest Stories

All’s well in PH real estate, says Colliers


PROPERTY consultancy firm Colliers International Philippines said Friday the office and residential sectors in Metro Manila were expected to stay healthy amid a strong economy, robust remittance inflows, and stable inflation and mortgage lending rates.

The firm’s market study as of the third quarter said that office stock will likely exceed 7 million square meters in major central business districts (CBDs) in the next two years. Developers anticipate sustained demand, especially from the BPO industry.

Ownership rules limiting foreign participation in certain sectors are not seen to have a big impact on property development since foreign participation in this sector is “minimal” anyway, Colliers International managing director David Young said.

New supply is expected to be at more than 500,000 sq m in 2013, an increase of 28 percent year-on-year and a new record high.

In Makati CBD, total office stock increased to more than 2.75 million following the completion of Zuellig Building with 57,000 sq m.

In the residential sector, new supply of high-rise residential condominiums in the five sub-markets tracked reached almost 5,000 units in the first nine months of 2012.

The majority of these are located in Fort Bonifacio. In the Makati CBD, the stock is unchanged at 15,513 units since March this year, Colliers International said.

Other upcoming completions include Raffles Residences (237 units), Greenbelt Madison (276 units) and The Grand Midori Tower 1 (279 units).

Both the Makati CBD and Fort Bonifacio will have the strongest supply pipeline in the next two years.

As for retail, new retail supply reached more than 60,000 sq m in the first nine months of this year. Colliers International attributed this to Magnolia Town Center in Quezon City and the partial re-launch of Glorietta 1 and 2 in Ayala Center.

“In the long term, retail developments will consistently expand across the untapped geographic markets in Metro Manila, around BPO and commercial centers, and within the master-planned communities,” the report said.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Inflation , mortgage lending rates , Real Estate , Remittances

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Drilon denies involvement in pork scam
  • Complex health care system for California’s elderly and poor explained
  • Malang the croc must regain strength before return to swamp, says mayor
  • Palace: Lacson’s version of Napoles testimony to be evaluated
  • Scientists eye iceberg bigger than Guam
  • Sports

  • Promoters Dela Hoya, Arum in talks for Pacquiao-Alvarez—report
  • Benzema guides Madrid to 1-0 win over Bayern
  • Suns’ Goran Dragic win NBA’s Most Improved Player award
  • Heat go up 2-0, hold off Bobcats 101-97
  • Ronaldo shakes off injury fears to play Bayern
  • Lifestyle

  • Gongs and southern dances star in a workshop at San Francisco Bayanihan Center
  • This woman ate what?
  • Photos explore dynamics of youths’ sexual identity
  • 12th Philippine Food Expo set at the World Trade Center
  • No tourist draw, Malang the croc will remain wild
  • Entertainment

  • Smithsonian wants photos, videos for ‘Day in the Life of Asian Pacific Americans’
  • What Garcia Marquez left behind
  • Has Ai Ai fallen deeply with ‘sireno?’
  • Sony developing live-action Barbie comedy
  • California court won’t review Jackson doctor case
  • Business

  • Metro Pacific acquires stake in Victorias
  • How ‘one percent’ economic elite was uncovered
  • Facebook profits triple as mobile soars
  • Insular Honors Sales Performers at Testimonial Rites
  • Apple increases stock buyback, will split stock
  • Technology

  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • Obama to visit Filipino soldiers in Fort Bonifacio
  • Fil-Am youth conferences unite under one theme
  • Embassy advisory: Filipinos still need visas to enter US
  • No travel restriction to Mideast, DFA clarifies
  • PH-HK relations repaired, but families of victims still being courted
  • Marketplace