Need to catch up on what’s happening in the Philippine real estate industry? Here’s a roundup of the top real estate news this week (Jan. 20-26, 2023).
- IMF to help improve real estate assessment
The Bangko Sentral ng Pilipinas is getting assistance from the International Monetary Fund in the assessment of the real estate and credit market conditions in the country. The two agencies will be working on the BSP’s property price statistics. They will be using an updated Residential Real Estate Price Index and the new Commercial Property Price Index. Real Estate News.PH
- Aboitiz taps F2A in digital shift
Aboitiz Construction aims to be the “top-of-mind construction company” in the Philippines by digitizing all its processes with the help of Fragile to Agile (F2A). F2A is an international enterprise, business, and solution consultant. The move will enable Aboitiz to address new problems quickly and at a lower cost and risk. Daily Tribune
- Flexible workspaces a viable option for Cebu BPOs, landlords—Colliers
Colliers Philippines, a property consultancy agency, believes flexible workspaces should be the prime consideration for both BPO companies and property owners in Cebu. It said BPOs should be able to take advantage of the rental corrections that workspaces offer. Landlords, on the other hand, should partner with workspace operators or launch their own brand as demand for flexible workspaces in the city grow post-pandemic. SunStar Cebu
- M.Mla flexible workspace stock seen to grow 10%
Metro Manila should see a rise in flexible workspace stock this year, according to Colliers Philippines. The property consultancy agency expects a 10% growth in total leasable flexible workspace in the next 12 months as more high-quality office towers and attractive lease rates become available. Businessworld
- Pag-IBIG releases record P118 billion housing loans
More than 100,000 members of the Home Development Mutual Fund or Pag-IBIG availed of housing loans worth a record P118 billion last year. The agency said this easily broke its 2022 target of P110 billion. Out of this amount, 18% went to socialized housing units for minimum-wage and low-income members. Philippine Star
For more information about Pag-IBIG and how to avail of its housing loans, check out our comprehensive article on everything you need to know about it.
Browse through our catalog of helpful tips when it comes to real estate properties in our resource page. And of course, you can get more real estate news here at Enta so bookmark us now.
Featured Image: Real Estate News.PH | Colliers