EastWest recently hosted an insightful economic briefing in Quezon City, collaborating with industry experts to present an in-depth look into current economic trends and real estate developments across the Philippines. Held on October 15 at Solaire Resort North, the event, titled “Exploring the Philippine Real Estate Landscape and Economic Trends,” provided timely analysis aimed at equipping stakeholders in finance and real estate with knowledge essential for navigating today’s evolving landscape.
Delving into economic and real estate trends in NCR
The briefing featured presentations from two leading figures in Philippine economics and real estate. Mr. Joey Bondoc, Director of Research at Colliers Philippines, discussed the opportunities and challenges facing the real estate market, particularly amid growing demand for both office and residential spaces. “The Philippine real estate landscape continues to evolve with the rising demand for office and residential spaces, driven by the growth in regional areas and the resilience of key sectors like outsourcing and tourism. As we move forward, it’s crucial to capitalize on the opportunities that these trends present, particularly in creating sustainable developments that cater to both the current market needs and future demands,” Bondoc emphasized.
Renowned economist Dr. Bernardo Villegas provided a comprehensive overview of the Philippines’ economic outlook under the BBM administration, noting significant gains and a positive trajectory for growth. “The Philippines continues to be one of the fastest-growing economies in the ASEAN region, despite global uncertainties. With a projected growth rate of over 6% in the coming years, we are poised to lead in economic resilience and transformation. The efforts of the current administration have laid a solid foundation for inclusive growth, with improvements in infrastructure, investments, and the digital economy that will further drive our trajectory upward. It is an exciting time for the Philippines as we harness our demographic dividend and geographic advantages to fuel sustained development,” Villegas shared.
Mr. Richie Tamayo, Senior Vice President and Head of Wealth Management at EastWest, underscored the bank’s commitment to guiding clients through these rapidly changing times. “Given the rapid changes in the Philippine economic environment, particularly in the real estate sector, it is crucial to equip our clients and stakeholders with the knowledge needed to make informed and calculated decisions. At EastWest, we continue to provide platforms like this to foster conversations that help shape business strategies and investment opportunities for our clients,” Tamayo stated.
Looking ahead
As EastWest celebrates its 30th anniversary, the bank remains dedicated to its “Further for You” commitment, continuously fostering client and partner relationships through essential dialogues that inform financial and investment decisions. “We are excited to continue these discussions in more regions across the Philippines,” Tamayo added. “We look forward to more opportunities to bring together experts and stakeholders in dialogues that shape the future of the Philippine economy.”
The event was co-presented by Signature Residences, Celestia at Timberland Heights, and Fortune Hill—brands that reflect EastWest’s dedication to fostering growth across various industries, including real estate.
