Strong economic growth to boost property sector – Colliers

THE country’s strong economic growth supported by high government and infrastructure spending will boost the property sector, a real estate consultancy firm said on Thursday.

In a report, Colliers International Philippines Research Manager Joey Roi Bondoc said the 6.3-percent economic growth in the third quarter of the year, which was driven by the growth in government spending and private construction, “indicates a strong appetite for “office towers, residential units, malls, hotels, and industrial parks across the country.”