PHILIPPINE PROPERTY MARKET NEWS (MARCH 2020)

Claro Cordero • January 2020

Cushman & Wakefield Philippines is pleased to present the March 2020 issue of its Property Market News report. In this issue, we delve deep into how the commercial real estate market and logistics sector in the Philippines have been affected by the enhanced community lockdown to mitigate the continuous spread of the COVID-19 pandemic, as well as relevant news and trends in key Philippine property market sub-sectors.

• The on-going community lockdown to mitigate the continuous spread of COVID-19 in Metro Manila is forecasted to adversely affect the general economy.

• The office sub-sector is confronted with a possibility of dampening demand. The Philippine offshore gaming operations (POGO) firms, one of the top drivers of office take-up in the last two years, are forecasted to significantly slow down due to several factors.

The above is an excerpt of the March 2020 report. To read the full report, click on the attached file

Source: https://www.cushmanwakefield.com/en/philippines/insights/philippine-property-market-news-march-2020