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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

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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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