The Metro Manila residential market is recovering as developers successfully reduce excess supply, while the nationwide office market is showing resilience as the information technology and business process management (IT-BPM) industry takes up the slack left by the departure of Philippine offshore gaming operators (POGOs).
“The market is gaining traction with encouraging signs of recovery—take-up has reached a seven-quarter high, and inventory levels are trending toward lower months of supply,” said Leechiu Property Consultants (LPC) director for research, consultancy, and valuation Roy Amado Golez Jr.
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