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THE Philippines remains a powerhouse in the business process outsourcing (BPO), ranking first in labor force among Asia Pacific outsourcing destinations, according to real estate consultancy firm Santos Knight Frank Inc. (SKFI). Its recent report on the BPO industry shows the Philippines, tying with India for the top spot, emerged…
The luxury market dominated Manila’s property sector with a price growth of 21.2 percent—the fastest across the world according to Knight Frank’s Prime Global Cities Index. “Strong investor confidence in the Philippines during the current Ferdinand R. Marcos Jr. administration has buoyed the real estate market despite rising interest rates,”…
Bright prospects are seen for the country’s office market this year amid the growing demand for office spaces in provincial locations as well as the improving business confidence in the country, according to Santos Knight Frank.
The Philippine property market in 2023 is projected to experience sustained return of demand for all key sectors, including retail, hospitality, industrial, and office, with more expansion activities in the provinces, according to a leading property management consultancy firm. Rick Santos, chairm
File photo MANILA - Demand for commercial space is supporting the growth of the country's property market with the easing of travel restrictions and recovery from the pandemic. Real estate services company Santos Knight Frank reported Tuesday that vacancy rate in the commercial sector for the second quarter of 2022 was at 4.6 percent, which was close to pre-pandemic level. Before the Covid-19 pandemic, vacancy rate for commercial space was at 3.6 percent in the fourth quarter of 2019. "The easing of travel restrictions, pent-up demand for consumption, high vaccination rates, and the r...