Cheap oil to fuel rally in retail, property sectors this year

THE retail and real estate sectors will be this year’s economic drivers amid the drop in oil prices and the strong demand for commercial retail and office spaces.

Philippine-based property services firm KMC MAG Group Inc. said crude oil prices hitting all-time lows have been benefiting the retail and real estate segments in the country which are seen to rally this year, especially the township and office space developments for the property side.