Thanks to the vibrant BPO industry, local office demand is seen revisiting levels last seen in 2016, the year before the influx of Pogos, property veteran David Leechiu said. | Philbizwatcher /PDI
It was only this year that Pogos started to come back, taking up long-vacated offices and repopulating urban residences, although not in the same aggressive pace seen in the early days of the Duterte regime.
With the Philippines poised to return to prepandemic as well as pre-Pogo office vibrancy, Leechiu said this cemented the country’s position as one of the major office markets in the world. For the residential condominium sector, he said the easing of mobility protocols would likely result in higher activity levels.
“Investors and buyers would be wise to grab this opportunity to lock down the price today and to pay interest-free downpayment over a period of up to four to five years. They will be highly rewarded in the recovery a few years from now,” he said.
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