In The News

On BusinessMirror: PHL office market posts highest record of 1.1 million sq m

Media Coverage

BusinessMirror's Roderick Abad wrote about Pronove Tai International Property Consultants' Metro Manila Office Market Overview 2018 and Outlook 2019. This article was published on the 16th of January 2019.

THE year 2018 saw a strong performance of the real-estate industry particularly the office segment with an increase of 22 percent in actual transactions, 1.1 million square meters from 875,000 sq m in 2017—the highest recorded take up in Philippine history.

“I always say that the biggest beneficiary of a good economy is the property market. In 2018, while the country’s gross domestic product [GDP] growth of 6.4 percent was below the forecast of 6.7 percent as at Q3 [third quarter] 2018, the Philippines was still the third fastest-growing economy in Asia,” Pronove Tai International Property Consultants’s CEO Monique Pronove said at their media briefing held recently at their office in Makati City.

Read the full story here: