ILOILO CITY PH’S ECONOMIC BRIGHT SPOT
Apr 18, 2022
Colliers Philippines, a leading commercial real estate brokerage professional services and investment management company for landlords, tenants, and investors, believes that Iloilo City, being among the preferred locations for outsourcing companies expanding outside Metro Manila, Iloilo City will continue to bloom as a viable residential investment location.
“Iloilo is quickly becoming a viable residential investment location,” said Karla Domingo, Colliers director of Advisory Services, citing the increasing economic and commercial activities in and around the city. Domingo also noted that Iloilo City, in terms of sales even during the COVID-19 pandemic, posting numbers better than before the health crisis.“We expect this trend to continue as developers prime up with mixed-use communities, supported by the completion of infrastructure projects,” she added.
Colliers believes that office leasing recovery and sustained introduction of new supply are factors that will positively influence demand for condominium units in Iloilo City. Sustained regional economic growth supported by massive infrastructure completions should buoy end-user demand for horizontal projects.
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