The Forecast of the Real Estate in the Philippines
This 2020, the outlook for real estate in the Philippines remains positive despite the pandemic. Which places the sector in an open growth trajectory for almost a decade now.
This unprecedented growth is sustained by the country’s robust economic performance, together with the stable remittance flows from overseas Filipino workers (OFWs), a substantial purchasing power of consumers, stable returns from businesses, and the growth of BPO companies nationwide.
These factors fuel, not just the growth of different property segments, but also the rise of new ones. Amidst this confident outlook, here are the trends that will further change and launch the sustainable growth of real estate in the Philippines.
Flexible workspaces
Innovation and modern technologies are transforming the way people work, thereby influencing how companies operate in the real estate industry. Given this “new normal” in the workplace, there will be an extended demand for flexible and healthier office spaces in the long term.
One of the best examples of an open and healthy workspace is Italpinas’ Primavera City Sales Office in Cagayan de Oro City.
The new IDC office’s designers’ goals were to create a “client-friendly” environment and a pleasant, elegant, and green working space for the employees. The result appears to be an innovative office, most probably the most interesting interior design project in CDO.
Green buildings
Green building initiatives drive a good investment case in 2020, especially as sustainability is fast becoming a priority for investors. Green building certification is not just mandated by global investors, it is also good for differentiation and protection, according to ULI Philippines.
Thanks to the confluence of new building trends and advanced technological innovations, more green building projects are likely to emerge in the Philippines in the next following years.
Italpinas Development Corporation is known to bring sustainable properties across emerging cities in the country that can become more profitable. For Italpinas environmental sustainability involves making decisions and taking action that is in the interests of protecting the natural world, with particular emphasis on preserving the capability of the environment to support human life.
Italpinas ensures that new technologies are integrated into their developments to improve energy efficiency, cooling, ventilation, and the smooth flow of natural light. Integrating these sustainable features into buildings not only reduces overhead costs but also attracts occupiers and tenants who are willing to pay a premium for green spaces.
This 2020, whether you’re looking for a new home or a flexible workspace Italpinas Development Corporation has got you covered, Italpinas helps you find living and working spaces that let you live a meaningful and balanced life.
