Push Admin

Property boom rides on overseas Filipinos, BPO, Chinese gaming: analyst

Article (news)

ABS-CBN News

<figure class="op-interactive"><div id="IVS_ABS_Body_Video_1_Container"> <ivs-player id="IVS_ABS_Body_Video_1" data-ivs-spid="3001339" data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-vid="1386293" data-ivs-floating="1"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js"></script> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script> </div></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA -- Overseas Filipinos, business process outsourcing firms and Chinese offshore gaming operations are driving demand for property during the &quot;longest boom&quot; that the country has seen, an analyst said Friday.</p><p>The balance between supply and demand &quot;looks very good&quot; with a deficit projected in the office sector, which could drive prices higher, said David Leechiu, founder and CEO of Leechiu Property Consultants.</p><p>&quot;Philippine geography has changed, we&#x27;re building close to 110 townships,&quot; Leechiu said, citing an &quot;unprecedented level of construction.&quot;</p><p>Relatives of overseas Filipinos are buying property with remittances. Philippine Offshore Gaming Operations or POGOs is a &quot;voracious&quot; market, he said.</p><p>The Philippines has to make doing business in the country easier to attract more foreign investors in property, he said.</p>

<p>The balance between supply and demand "looks very good" with a deficit projected in the office sector, which could drive prices higher, said David Leechiu, founder and CEO of Leechiu Property Consultants.</p>

The balance between supply and demand "looks very good" with a deficit projected in the office sector, which could drive prices higher, said David Leechiu, founder and CEO of Leechiu Property Consultants.