The Philippine market sees positive signals in 2018

The 1,001-key Hotel101 Resort-Boracay, which should be the biggest hotel in the Philippines in terms of guestrooms, will rise on the beachfront of the 150-hectare Boracay Newcoast estate that is planned to host residential units, hotels & resorts, commercial space, and a golf course. This information came amid the government’s warning about worsening sewage conditions and overloaded infrastructure on the island of Boracay.

Regarding to the real estate industry, the Philippines remains as a leading market in the region based on an impressive performance in 2017 and potentials in 2018 on account of this country’s sound macroeconomy, strong fiscal reforms, and the growing middle class. Therein, the office market should sustain its growth thanks to strong demand of BPO companies, while rising requirements from retail expansion would boost demand for industrial spaces.