The Commercial Real Estate market market in the Philippines is predicted to reach a staggering US$0.77tn by the year 2024. This projection indicates a promising growth potential for the sector. Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 0.77%, resulting in a substantial market volume of US$0.80tn by 2029. When compared to...
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Shang Properties starts building 80-storey Shang Summit in Quezon City FacebookMessengerXLinkedInShare SHANG Properties, Inc. (SPI) has commenced construction on Shang Summit, an 80-storey, two-tower luxury residential development in Quezon City. The East Tower will be the first to rise this year, SPI said in a statement on Friday last week. “Through Sh...
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Philippine real estate set for takeoff as economy accelerates The Philippines is reasserting its position on the global stage as one of the world’s hottest markets for luxury homes thanks to its increasingly liberalised economy Filipinos are in the mood for spending once more, be it on residential real estate or purchases at the shopping mall. This resurgence comes as...
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An optimistic year for PH real estate market — report KMC Savills’ bullish outlook for 2024 BY ANGELO SANCHEZ An optimistic outlook is forecasted for the Philippine real estate market in 2024, according to a report by KMC Savills, the country's leading real estate brokerage and consultancy firm. Supported by the Bangko Sentral ng Pilipinas (BSP) report in...
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