Property to get lift from easing inflation, 'Build Build Build': analyst


Posted at Jan 14 2019 10:42 AM

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MANILA -- Easing inflation and more cash in the system from lower reserve requirements for banks will help the property market recover, after higher borrowing costs tempered buyers' appetites in the last 6 months, an analyst said Monday.

The government's infrastructure rollout will also make more developments accessible, said Leechiu Property Consultants CEO David Leechui.

Business Process Outsourcing (BPO) companies are looking at the Philippines again this year after diversifying their holdings in the last 2 years, he said.

"They realize back in late 2016 that we have so much presence in the Philippines. If something shut the Philippines down, they’re going to be hurting," Leechiu told ANC's Early Edition.

"That sends to us a signal that they’re going to be here for the long term," he said.

Clark in Pampanga will be the "biggest beneficiary" of key infrastructure projects that are set to be completed by 2020 to 2021, he said.