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Luxury and countryside spaces charm developers
High-end development and areas outside the capital region offer reprieve amid challenges.
December 12, 2024
By Ginny Pecaña, German de la Paz III, Ariz Marcelino, and Charles Randy Lumhod
By Ginny Pecaña, German de la Paz III, Ariz Marcelino, and Charles Randy Lumhod
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Top property firms look to luxury and countryside developments, as they face challenges in traditional growth drivers for the sector.
Real estate developers face no shortage of challenges. They contend with a supply glut in Metro Manila’s condominium market and muted demand for low- to mid-income housing. These stem from elevated mortgage rates and a bevy of projects in mass-market areas such as Quezon and Caloocan cities.