The Philippine office property segment is seen to end this year on a strong note, with demand for additional office space from the level in 2020 when the pandemic disrupted most businesses, thanks to the resilient business process outsourcing (BPO) industry. This is according to property consulting firm Leechiu Property Consultants (LPC), which estimated full-year…
The exodus Philippine Offshore Gaming Operator (Pogo) companies that characterized the woes of the Metro Manila office sector in 2020 has ended and demand for new space is returning, property veteran David Leechiu said on Tuesday. This reversal was partly due to new legislation addressing tax compliance by Pogos, whose operations mainly target gamblers in…
The prolonged coronavirus pandemic will continue to exact a toll on people and businesses, but amid the rubble, the property sector is in a good position to rebound in 2021, property consulting veteran David Leechiu said. “The property market has been extremely resilient—one of the most resilient in the world and it’s sustained by a…