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With regional lockdowns, hybrid work setup, and commercial spaces evolving to meet the demands of the times, Globe underscored the need for digital service providers and property developers to work hand-in-hand to create digitally-enabled communities. At this time, it's very difficult to imagine buying a piece of property today with…
(File photo) MANILA - The easing of travel restrictions, especially for foreigners, has positive impacts on the Philippine real estate market, a property advisory firm said. Leechiu Property Consultants (LPC) chief executive officer David Leechiu said one of the positive outcomes of relaxing travel restrictions for foreigners is the comeback of Philippine offshore gaming operators (POGOs), which accelerated the growth of the office space market before the pandemic. "With travel restrictions easing up, we anticipate POGOs to start reopening their offices and begin to grow by the second qua...
Office demand could reach up to 500,00 square meters by the end of the year, still low compared with 1.7 million sq.m. in 2019, as the lockdowns halted the momentum of the property sector’s recovery, according to Leechiu Property Consultants. “While the recovery has not been as fast as earlier…
endIndex: Metro Manila (CNN Philippines, August 4) — A property consultancy firm said the worst for the Philippine property market is over as segments show improving performances in the past months despite the country being challenged by the COVID-19 pandemic for more than a year now. "I think the worst is over for the property market," David Leechiu, CEO of Leechiu Property Consultants, told CNN Philippines' The Final Word. "Yes, we are going to another lockdown, it will kill a lot of businesses, but I think the recovery is just around the corner especially when a big chunk of the popula...
Published July 9, 2021, 11:34 AM The Philippine office market for business process outsourcing operations grew by 38 percent in the second quarter this year, the highest since the start of the pandemic, indicating the sector is ready to take off and resume its pre-pandemic growth trajectory, a property management and consultancy services firm said. According to Leechiu Property Consultants (LPC), demand for office space nationwide grew by 38 percent from first quarter 2021’s 122,000 square meters to 169,000 sqm in the second quarter this year. Office demand is the highest it has been since ...