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THE housing backlog continues to influence developers with their residential projects despite the seemingly flat market price, based on Pinnacle Real Estate Market Insight report for the second quarter of 2017. Citing data from Bangko Sentral ng Pilipinas (BSP), Pinnacle Real Estate Consulting Serv
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There is the popular notion of “flight to quality” in which consumers—or occupiers in the case of real estate—would prefer better and in most cases newer options. With the recent real estate boom, brand-new and quality options for office, residential, malls, hotels, and indus
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While prices of residential units are “plateauing” already, developers are still continuing their development binge due to the projected demand from at least 3 million Filipino buyers. These home buyers represent half of the 6 million housing backlog in the country today, according to P
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Real estate firms are expected to accelerate the building of new projects but will make sure that quality is not sacrificed, according to a report on the industry. In its report “Flight to Economy and Efficiency—Market Insight Q2 2017,” Pinnacle Research said real estate developer
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One of the country’s leading firms in the field of real estate consulting services has cautioned property developers that attractive rents and prices for their products are not enough. They also have to be careful with the quality of their offerings as well as efficiency of operations and main
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Billions worth of infrastructure projects under the “build, build, build” thrust of the government is a welcome development in Cebu since these are expected to decongest Metro Cebu particularly, cities like Cebu and Mandaue. Roy Soledad, head of the Cebu Investment Promotions Office (CI
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Strong consumer demand and economic expansion should drive further growth in the Philippine retail sector, assisted by increased bank lending and subdued inflation. A World Bank report issued on June 5 said robust remittances, credit growth and low inflation were supporting private consumpt
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Thanks largely to the business process outsourcing (BPO) industry, demand for office space in particular continues to grow, despite anxiety over the protectionist policy of US President Donald Trump, according to the first quarter 2017 report of Pinnacle Real Estate Consulting Services. In the repo
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Philippine mall rents are stable and it is still a landlord’s market, according to a market insight report for this year’s first quarter by Pinnacle Real Estate Consulting Services. The report, Go, Grow and Glow, shows the blended average rent for mall space is estimated at PHP1200 (US$
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Demand for residential and hotel/leisure property was steady in the first quarter of 2017, real estate consultancy Pinnacle Research said in a report. Unlike the office market, which Pinnacle described as being tight due to high demand and the limited availability of new office space for lease desp