PROPERTY developers are expected to increase spending on structural upgrades, engineering reviews, and business continuity measures following recent earthquakes in Mindanao, according to property consultants cited by BusinessWorld.
The focus on building safety and resilience is being driven by heightened awareness among buyers and investors who now place greater emphasis on these factors when making decisions.
Consultants noted that the trend may lead to higher construction costs but also improve long-term asset value and tenant confidence.