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Top property developers shift to premium market
Manila Bulletin
|May 23, 2025
Ayala Land Inc., Megaworld Corp., Robinsons Land Corp., and SM Prime Holdings Inc., the Philippines' top four property developers, are set to accelerate their premium residential projects over the next one to two years, in a bid to cushion the impact of slowing demand in the mass housing segment.
"The top four Philippine developers will ramp up premium residential projects over the next one to two years to offset the slowdown in the mass market," S&P Global said in a report released on Wednesday, May 21.
According to the debt watcher, these top four developers were selected based on the single criterion that "their market capitalization exceeds $1 billion," or about P58 billion.
S&P Global also reported that these developers account for 60 percent of the sector's market value and total revenue among listed real estate firms in the Philippines.
It said that the top four developers are "pivoting away from residential development, where demand is soft."
This story is from the May 23, 2025 edition of Manila Bulletin.
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