EXCERPT

Property developers should continue their landbanking initiatives as the revival in economic activity will pave the way for the recovery of the residential sector, according to Colliers Philippines.

“We encourage residential developers to continue their landbanking initiatives within and outside Metro Manila, improve amenities especially for end-users that are still working from home, continue offering attractive payment schemes and complete projects as scheduled,” Joey Roi Bondoc, associate director of Colliers, said during a recent online briefing.

He also urged tenants who are planning to rent condominium units to take advantage of discounted lease rates in major business districts, such as the Makati commercial business district (CBD), Ortigas Center, and the Bay Area.

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