Real estate boom
By Julito G. Rada
Manila Standard Today
Nov. 21, 2012
The Philippines is experiencing the “best real estate market in the last 20 years,” according to real estate advisory firm CB Richard Ellis Philippines.
“We are looking at sustained growth and success. The challenge now is how to cope with this unprecedented success,” CBRE chairman Rick Santos said in a press briefing in Makati City Tuesday.
Santos said the phenomenal growth of the business process outsourcing sector supported the expansion of the office and commercial space sector.
“The Philippines is one of the top BPO providers in the world, surpassing India in voice operations and second in non-voice,” Santos said.
He said there remained a lot of room for expansion in other areas, such as software and web/graphic development, information technology and engineering services and healthcare BPO.