Developers Mute Political Noise, Focus on Property Growth

Amid the current political climate, developers are choosing to ignore the surrounding 'political noise' and are concentrating their efforts on transforming the property sector into a compelling investment destination, despite the challenging conditions, as reported by Colliers Philippines. Investors, buyers, and business professionals have managed to separate the ongoing political distractions from their everyday business operations.

This development coincides with the ongoing trial of ex-President Rodrigo Duterte at the International Criminal Court. Analysts previously noted that domestic politics would likely have minimal influence on the equities and debt markets, as investors remain more focused on the implications of the global trade war.

On Tuesday, Colliers highlighted that developers are rolling out "appealing" promotions for their ready-to-move-in units to address the oversupply challenges in Metro Manila.
These incentives include 15% to 30% discounts on total contract prices for spot cash payments, as well as low or zero down payment options before occupancy.
Additionally, Bondoc pointed out that some property firms are extending down payment terms to as long as 48 months.
“With certain developers, you can move into a ready-for-occupancy unit without making an initial payment,” he added.