‘Manila to lead SEAsia office property growth’

The Metro Manila office property market will be the biggest market in Southeast Asia this year, accounting for the bulk of regional supply that is expected to grow by 13 percent, property services firm Cushman and Wakefield said on Tuesday.

In a report, Cushman and Wakefield forecast that Southeast Asia would see a “construction boom” over the next 12 months as nearly 22 million square feet of new office property supply is current under construction in the region.