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Manila mall operators looking to add record space

Rising remittances from overseas Filipinos, a business-process outsourcing boom are fuelling household spending

Published Sun, Nov 29, 2015 · 09:50 PM
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Manila

PHILIPPINE builders such as SM Prime Holdings and Ayala Land can't add retail space fast enough to satisfy demand from South-east Asia's most-confident consumers that pack Manila's malls.

A record 724,620 square metres of new retail space will be added in the Philippine capital next year, according to Colliers International. That is a 10th of the existing stock as at the third quarter, according to the real estate broker.

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