For 2019, “Over the next 12 months, Colliers expects a more aggressive launch of worker dormitory projects especially in the Manila Bay Area to cater to growing number of employees in the business district as w
ell as employees from the Southern Luzon provinces of Cavite, Laguna, and Batangas looking for halfway houses,” Collier’s International said.
Meanwhile, the luxury condominium market shows no signs of slowing, with Colliers noting it has “attractive rental yields in the region; relatively low prices; and sustained demand from affluent Filipinos, foreign investors, and offshore gambling firms.”
“The luxury market in the country’s capital is relatively small but demand has been stable over the past few years. The projects being leased out or sold to the secondary market continue to receive strong demand… The pent-up demand encourages mid-income condominium developers to scale up and construct high-end projects in emerging business districts such as the Manila Bay Area,”