Philippine property market: What to watch for in 2022

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The Philippines was off to a bad start in 2022 amid the surge in daily positive COVID-19 cases due to the Omicron strain. But as soon as the infection rates entered a sustained pattern of plateau

While work-from-home arrangements are perceived to decline in numbers, the long-term view is that hybrid work setup will persist due to pandemic-induced anxiety and significant investments related to home purchases outside Metro Manila. Future offerings should consider the imminent shift in demand towards residential developments in urban centers such as Metro Manila that will properly address future pandemic concerns.

The resultant boom in e-commerce has driven the demand for warehousing, logistics and supply chain solutions. Recent global events such as the non-synch opening of key port destinations and the volatile oil prices exacerbated by the ongoing Russia-Ukraine conflict are likely to put a strain on the continued growth in the manufacturing and logistics industries.To compete in the now normal, some of the basic operational and strategic assumptions of the industry need serious rethinking.

 

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