OnePropertee Community
Join Group

Back to All About Philippine Real Estate

  • POGO 'EXODUS' | Possible High Vacancy for Office & Condo Leasing
    Mr. CJ Manalo
    in All About Philippine Real Estate
    Posted Sep 27, 2020

    Pogo exodus seen to empty more than a tenth of Metro Manila offices, condo units

    -----

    But for Dominguez, “the issue is not so much on Pogo revenues but more on the impact to real estate values and businesses.”

    Joey Bondoc, senior manager of property advisory firm Colliers Research, told the Inquirer on Wednesday that “in case all Pogos leave, we will see a double-digit office vacancy in Metro Manila.”

    ---—

    Any thoughts if it would be better to look for office and condo unit owners selling below market value and that leasing in middle end condos may still thrive due to downsizing of those in the higher end?

    READ: https://business.inquirer.net/307986/pogo-exodus-seen-to-empty-more-than-a-tenth-of-metro-manila-offices-condo-units

    2 Likes
    6 Replies
    • There is still a possibility that the increase in the BPO sector due to the global pandemic can help soften the effect of losing the POGOs. But nevertheless, the POGOS inflated the market value of the real estate in those areas. So the question is what “market value” are we looking at

    • I don’t think condo owners will rush to sell their properties when Chinese POGO’s eventually leave. From what I gathered, India is also considering to operate POGO’s in the Philippines. If this scenario will happen, this may even out everything.

    • RJ David: There is still a possibility that the increase in the BPO sector due to the global pandemic can help soften the effect of losing the POGOs. But nevertheless, the POGOS inflated the market value of the real estate in those areas. So the question is what “market value” are we looking at

      --nagaaral ka tlga ah :)

    • DJ Dimaliuat: --nagaaral ka tlga ah :)

      Baka may exam, dapat prepared 😁

      Kidding-aside, the articles being shared here are very informative and helps a lot 👍

    • RJ David: Baka may exam, dapat prepared 😁 Kidding-aside, the articles being shared here are very informative and helps a lot 👍

      --yes thats true!

    • Thanks po for your thoughts and researches :) Sir Lubar de los Reyes and Sir RJ David. More learning to digest :D

    Join Group

    Recent Related Properties

    Active
    Boosted
    ₱ 6.90 million
    Manila, Metro Manila
    For Sale Residential Condominium 1 Bedroom 1 Bathroom 21 sqm.
    Updated 1 hour ago
    Active
    Boosted
    ₱ 1.13 million₱ 7,500/sqm
    Silang, Cavite
    For Sale Residential 150 sqm.
    Updated 2 hours ago
    Active
    Boosted
    ₱ 1.20 million₱ 1,200/sqm
    Candelaria, Quezon
    For Sale Residential Farm 1,000 sqm.
    Updated 5 hours ago
    Active
    Boosted
    ₱ 500,000₱ 5,000/sqm
    Pililla, Rizal
    For Sale Residential 100 sqm.
    Updated 5 hours ago
    Active
    Boosted
    ₱ 450,000₱ 3,000/sqm
    Pililla, Rizal
    For Sale Residential Farm 150 sqm.
    Updated 5 hours ago
    Active
    Boosted
    ₱ 2.50 million7 years to pay
    Binangonan, Rizal
    For Sale Pre-Selling Single Detached House 3 Bedrooms 2 Bathrooms 50 sqm.
    Posted 7 hours ago
    Active
    Boosted
    ₱ 7.76 million
    Quezon City / QC, Metro Manila
    For Sale Pre-Selling Residential Condominium Studio 1 Bathroom 31 sqm.
    Updated 7 hours ago
    Active
    Boosted
    ₱ 8.53 million₱ 31,593/sqm
    Porac, Pampanga
    For Sale Residential 270 sqm.
    Updated 7 hours ago
    Active
    Boosted
    ₱ 4.40 million15 years to pay
    Imus, Cavite
    For Sale Townhouse 3 Bedrooms 1 Bathroom 60 sqm.
    Updated 8 hours ago
    Active
    Boosted
    ₱ 2.90 million8 years to pay
    Trece Martires, Cavite
    For Sale Townhouse 2 Bedrooms 1 Bathroom 50 sqm.
    Updated 8 hours ago
    Active
    Boosted
    ₱ 4.90 million18 years to pay
    Mexico, Pampanga
    For Sale Single Attached House 3 Bedrooms 2 Bathrooms 80 sqm.
    Updated 8 hours ago
    Active
    Boosted
    ₱ 2.50 million7 years to pay
    Binangonan, Rizal
    For Sale Pre-Selling Single Detached House 2 Bedrooms 1 Bathroom 50 sqm.
    Posted 8 hours ago