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Leechiu: Worst over for PH property market

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'Yes, we are going to another lockdown, it will kill a lot of businesses, but I think the recovery is just around the corner,' said David Leechiu, CEO of Leechiu Property Consultants.

A property consultancy firm said the worst for the Philippine property market is over as segments show improving performances in the past months despite the country being challenged by the COVID-19 pandemic for more than a year now.

"Yes, we are going to another lockdown, it will kill a lot of businesses, but I think the recovery is just around the corner especially when a big chunk of the population, primarily Metro Manila, will get vaccinated in the next three to four months," he added. "Demand for office space is one of the highest in the world. Despite COVID in 2020 and for six months of 2021, we remain to be one of the highest new transactions of office space in the world," he said.

Another big player in the local property market is the Philippine Offshore Gaming Operators or POGOs.

 

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Jusko? Alam mo ba sinasabi mo sir? Business man ka ba talaga? After March 2020 lockdown hanggang ngayon hindi pa kami nakaka recover po! RTW Business owner here

Oh God. Again another lock down Whalla i want to go home 😩😩.

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