MAJOR commercial development projects are a sign that the Bay Area is “shaping up” to be the next big central business district in Metro Manila, Colliers International said.

“We believe that the Manila Bay area will be the next big CBD in Metro Manila, and it is now shaping up with major residential, retai l, office, hotel and entertainment developments,” Colliers International Director for Research and Advisory Julius Guevara said in a text message.

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