STEADY growth in Filipinos’ income combined with increased pre-leasing activity reversed a trend of growing vacancy rates in luxury condominiums in the established business districts Makati and Bonifacio Global City in the second quarter of the year, according to a real estate services firm.

In its Philippine Property Digest for Q2, Jones Lang Lasalle Philippines noted that vacancy rates for this segment declined to 6.3 percent from the 7.5 percent posted in the previous quarter.

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