Philippine property sector remains vibrant amid challenges

Developers urged to ramp up townships outside Metro Manila

SHAPING a substantial portion of the commercial real estate market in the Philippines today, the dominant “live, work and play” shift continues to reflect overall effects of urbanization and dictates how space should be efficiently utilized. This transition has also spurred various opportunities for the biggest and the tiniest segments of property developments in Metro Manila. Despite its advantages for both real estate companies and investors, however, the decentralization of the country’s National Capital Region (Metro Manila) had been pushed by various sectors, primarily by the government.