The Manila Times

Govt infra drive to open opportunities

ED PAOLO SALTING

DEVELOPERS must monitor the progress of major infrastructure developments as these will provide business opportunities, real estate management firm Colliers said.

Colliers research director Joey Bondoc said the developments -- the government has lined up 3,700 infrastructure projects worth P15 trillion until 2028 -- are expected to drive residential demand, raise land values and create opportunities in key locations.

“The completion of expressways, railways and airports should also raise the attractiveness of provinces for integrated communities which should result in the development of more office towers, residential condominiums and leisure projects,” Bondoc said.

“We recommend to developers that they should complete delivery schedules of their upcoming office towers within and outside Metro Manila, as well as offer more flexible workspaces,” he added.

Developers, however, must differentiate their projects by upgrading amenities and highlighting features that cater to post-Covid preferences.

“This comes as results from our third-quarter 2022 residential survey show that 83 percent of respondents prefer projects with large green and open spaces,” Bondoc said.

“Developers should also consider incorporating amenities that will allow residents to work-from-home, such as flexible workspaces, as well as function and meeting rooms as well.”

Business Times

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2023-03-17T07:00:00.0000000Z

2023-03-17T07:00:00.0000000Z

https://manilatimes.pressreader.com/article/281822878031560

The Manila Times