Philippine developers turn defensive as Middle East crisis threatens residential and retail market
The beleaguered market could worsen on lagged effects, but analysts remain upbeat on property giants’ strategies
Add BT as a preferred source
[SINGAPORE] Some of Metro Manila’s property giants have turned defensive as higher construction costs, rising interest rates and weakening purchasing power from the Middle East crisis dampen an already unstable market.
Key residential and retail segments in the Philippines’ capital area have struggled to shake off a post-pandemic slump, as the industry grapples with weak demand and soaring oversupply amid the country’s escalating economic woes.
Residential condominium sales in the country’s largest and most populated metropolitan area are already on pace to reach record low take-up rates in the first quarter of 2026, according to data from Colliers Philippines.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Record Singapore-US rate gap may widen further on inflows and hawkish Fed outlook
Marco Polo Marine shares plans to unlock value as boutique fund manager becomes substantial shareholder
