PH property market seen to be hottest in Asia The Philippine office sector is among the most dynamic in Asia and is growing at record levels, according to officials of CBRE Philippines. The commercial real estate services firm said Metro Manila was leading the country’s office market, with occupancy rates hitting 97 percent across Central Business Districts (CBDs) in the first quarter of 2013. In the office rent market, Manila is among the areas where rental growth is accelerating, alongside Bangkok, Taipei, Tokyo, according to industry data. High investor confidence brought vacancy levels to hover at an all-time low of 3.21 percent in Metro Manila from the recorded 3.43 percent in the fourth quarter of 2012 amid economic growth, credit upgrades, cost-effective rental rates, the influx of expanding multinationals and manufacturers business.inquirer.net/125509/ph-property-market-seen-to-be-hottest-in-asia
Posted on: Fri, 28 Jun 2013 01:58:54 +0000
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