According to a recent report by Cushman & Wakefield, the Philippine property market continues to experience robust activity, driven by strong demand from both local and foreign investors. The office sector remains a key driver, with vacancy rates declining in major business districts such as Makati and Bonifacio Global City. Meanwhile, the retail segment is seeing a resurgence as consumer spending recovers, supported by a growing economy and rising employment.
The residential market also posted positive trends, with condominium launches in Metro Manila and key provincial cities attracting buyers from both end-users and investors. Cushman & Wakefield noted that the luxury residential segment is performing particularly well, driven by overseas Filipino workers and high-net-worth individuals. The report highlighted that infrastructure projects under the government’s “Build, Better, More” program are enhancing connectivity and opening new growth areas outside the capital.
Looking ahead, the property consultancy expects the Philippine real estate market to remain resilient, though risks from global economic uncertainties and rising interest rates could temper growth. Cushman & Wakefield recommends that developers focus on sustainability and flexibility in design to meet evolving tenant preferences. The report concludes that the Philippines remains one of the most promising property markets in Asia Pacific.