Property consultancy firm CBRE Philippines forecasts a bullish performance for the real estate sector in the second half as the economy benefits from the sustained growth in remittances and the business process outsourcing (BPO) industry.
In a report, CBRE said that the Philippine remains resilient amidst the uncertainties in the global market and continues its robust growth due to the strong services sector, such as the BPO industry, and continued growth in cash remittances from overseas Filipino workers (OFWs).
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