Real Estate Shuffle

Entrepreneur, 06-09-2014

Due to activity in the BPO industry, the premium and grade-A office market will keep its current pace and see an increase in rental by seven percent this year, according to a report from the KMC MAG Group, a real estate services firm. Amidst uncertain global economic recovery, international firms cutting costs resort to outsourcing operations, which leads to strong demand for office property in Metro Manila. On the other hand, the high-end residential market is expected to have modest growth this year, with rates expected to increase barely over inflation by four or five percent. This is a result of weakening buying sentiment, with a number of high-end developments keeping the supply and demand balanced, resulting in modest rent and price changes.

 

June 9 Entrepreneur