Manila has emerged as the third most expensive when it comes to post-pandemic office in Southeast Asia, according to Cushman & Wakefield’s 2023 Asia Pacific Office Fit Out Cost Guide.
Bonifacio High Street in Taguig City retained its rank as the world’s 41st most expensive shopping street as rental rates remained resilient amid the pandemic, according to a report by Cushman & Wakefield.
Rising interest rates and higher construction costs are among the headwinds in the country’s residential property market due to their potential impact on mortgage rates, according to a professional services and investment management firm.