OPTIMISM AMID PHILIPPINE PROPERTY'S DYNAMISM

Shifts in the preferences of property stakeholders have been evident since the Philippine government lifted pandemic restrictions and property developers tweaked strategies as a response to emerging demand drivers.

- By JOEY ROI BONDOC Research Director Colliers Philippines

Developers should strategically position their projects amid the Philippine property's evolution.

The office segment continues to see companies implementing hybrid work arrangements, effectively benefiting the flexible workspace market. More companies have also been implementing 100% return to office (RTO) and this is a signal that landlords need to be more proactive in offering flexible lease terms. This is particularly true for firms offering expansive office space in the fringes of established business districts.

Residential investors and end-users planning to acquire units in Metro Manila should shop around and look for the most attractive payment terms in both pre-selling and ready for occupancy (RFO) segments. Developers, meanwhile, should continue highlighting their attractive and flexible terms to further buoy appetite in the residential market, which has also seen a more pronounced shift to suburbia (development of projects outside Metro Manila).