![]() ![]() We support portfolio companies to both evaluate ESG issues related to their businesses and develop their own internal capacity to manage these issues and opportunities, if not already in place. Food, beverage, clothing, and apparel will continue to lead the country's upcoming retail real estate supply.Once we own a particular portfolio company or asset, we monitor material ESG issues and assess opportunities to generate value from ESG initiatives and growth markets. Retail real estate has also shown improvements in the vacancy rate, especially in the cities of Taguig and Makati, where most shopping malls and retail outlets are located. The vacancy rate of office spaces also shows improvements in the coming years as companies re-occupy office spaces. Office space demand is dominated by the IT-BPM sector, although the Philippine offshore gaming operators (POGO) industry is expected to return in the coming months. To address the housing gap, government agencies and the private sector adopted a resolution that would expedite the inventory of idle government lands and fast-track the development and release of socialized housing for the growing number of informal settlers.Ĭommercial real estate, composed of office space, industrial, retail, and hospitality properties, is slowly recovering from the impacts of the COVID-19 pandemic. On top of that, the Philippines’ geographical location makes it susceptible to natural disasters, further challenging the country’s housing situation. As a result, there has been a growing and constant demand for socialized and low-cost housing among low-income families. However, the exodus of households from rural areas left the demand for affordable housing at an all-time high. The average selling price would depend on the area of the property, reaching as much as 220 thousand Philippine pesos per square meter for a condo unit. For metropolitan cities like Metro Manila, renting apartments, purchasing rent-to-own units in subdivisions, and taking a lease in a condominium is quite common. ![]() In 2020, a survey revealed that most Filipino households live in a single-house unit, with more than half owning the property or having an owner-like possession. Residential real estate in the Philippines comprises a wide range of residential properties, from public and private housing to mid-range subdivisions, condominiums, and high-class villages. ![]() Residential real estate in the Philippines ![]()
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