The Philippine’s property market is bracing itself for a strong 2012 with interest rates down and an expected increase in foreign investment.
The real estate firm CBRE believes the current economic downturn in Europe will force companies to outsource operations to Asia.
“The outsourcing story is no longer questioned, just accepted—with the only question being the pace of expansion,” said Rick Santos, chairman of CBRE Philippines.
The Subic-Clark-Tarlac Expressway (SCTEX), NAIA Expressway (phase 2), NLEX-SLEX Link Expressway and the Daang Hari-SLEX Link will improve the infrastructure of the country; generate more jobs and influence growth and expansion of the property sector.
Demand for affordable condominiums and office space is expected to increase in 2012. The majority of condominium developments will be aimed at the middle-income market and range between PHP40,000 (US$937) to PHP80,000 (US$1,875) per square meter according to Asian Journal.
854,660 square metres of leasable office space will come on to the market in 2012.
An influx of tourists from Korea, Taiwan and other Asian countries, along with an expected increase in European visitors will mean more hospitality and hotel developments start during the coming year.
by Property Report
The real estate firm CBRE believes the current economic downturn in Europe will force companies to outsource operations to Asia.
“The outsourcing story is no longer questioned, just accepted—with the only question being the pace of expansion,” said Rick Santos, chairman of CBRE Philippines.
The Subic-Clark-Tarlac Expressway (SCTEX), NAIA Expressway (phase 2), NLEX-SLEX Link Expressway and the Daang Hari-SLEX Link will improve the infrastructure of the country; generate more jobs and influence growth and expansion of the property sector.
Demand for affordable condominiums and office space is expected to increase in 2012. The majority of condominium developments will be aimed at the middle-income market and range between PHP40,000 (US$937) to PHP80,000 (US$1,875) per square meter according to Asian Journal.
854,660 square metres of leasable office space will come on to the market in 2012.
An influx of tourists from Korea, Taiwan and other Asian countries, along with an expected increase in European visitors will mean more hospitality and hotel developments start during the coming year.
by Property Report
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