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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
Monday, November 30, 2015 - 05:50

Rents in Manila's malls may rise as much as 5 per cent on average next year compared with projected declines of about 5 per cent each for the capital's apartment and office leases, according to Colliers.


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

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