Cushman & Wakefield said that addressing weaknesses in the country’s regulatory policies and governance aspects would help improve the Philippines’ attractiveness for foreign investment, especially in regions identified as “next business process outsourcing hubs.”

Residential real estate prices nationwide rose 12.9 percent year-on-year in the third quarter of 2023, central bank figures show.

The Luzon Economic Corridor is seen to support connectivity among Subic Bay, Clark, Manila, and Batangas as well as facilitate and anchor strategic investments within each hub in high-impact infrastructure projects.

San Miguel Corp. is on track to start within the next 12 months the construction of over P300 billion in tollways that will improve mobility around Luzon.

One of the bright spots in the real estate industry is the continued development of townships or mixed-use communities.

Property firms are actively landbanking and developing expansive masterplanned communities in prime development hubs outside of the capital region.