Property market poised for better second half, analysts say

ABS-CBN News

Posted at Jul 09 2019 09:42 AM

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MANILA -- The Philippines has positioned itself well as an alternative site for property investments, as the US-China trade war raged and as protests gripped Hong Kong, analysts said Tuesday.

The second half will likely be better than the first 6 months of the year, with investors looking at logistics on top of office space for business process outsourcing, said Rick Santos chair and CEO of Santos Knight Frank.

In increasingly wealthy population is also driving property demand, said Andrew Hay global head of residential Knight Frank.