Introduction
The past twelve months have produced mixed results for the Philippine property. Office vacancies remain elevated while a sizable condominium inventory has yet to be absorbed by the Metro Manila market. Meanwhile, the retail sector has been recording sustained mall space take-up despite new supply while rebounding consumer spending has also been benefiting the leisure sector, resulting in occupancies more than tripling since the pandemic. Industrial parks continue to expand with greater prospects from sunshine segments such as electric vehicles and related components...
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