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PH Real Estate to Remain Strong with BPO Demand

by: Sarah Joson

Wednesday, November 21, 2012 | Outsourcing News |

CBRE Philippines identifies the business process outsourcing (BPO) sector as the key growth factor for the country’s real estate industry, particularly for commercial space.

CBRE Chairman and Founder Rick Santos said they are experiencing sustained growth that they have not seen in the last 20 years. He added that in Asia, the Philippines is one of the most economical outsourcing hubs and Manila is an ideal location for international companies.

BPO sector expected to post $25B in revenues

Meanwhile, the Business Processing Association of the Philippines (BPAP) said the sector is anticipated to post revenues worth $25 billion by 2016.

Santos noted that the gaming industry and increased volume of tourists will sustain demand for luxury and leisure properties.


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