BGC developer looking outside Metro Manila for opportunities
MANILA – Real estate firm NEO, formerly The Net Group, said it is looking for opportunities to grow outside of Metro Manila with the advent of changing work arrangements and shift to property developments in the provinces.
NEO’s CEO Raymond Rufino, one of the PropertyGuru Philippines Property Award judges, told the ANC Market Edge that there is a challenge for developers in the metro to create office spaces that cater to health, wellness and collaboration as they compete with the work-from-home setup.
He noted that despite the pandemic, NEO had 99-percent occupancy in all its 7 office towers in Bonifacio Global City (BGC).
Continue reading at news.abs-cbn.com/amp/business/01/18/21/bgc-developer-looking-outside-metro-manila-for-opportunities
Recommended
Industrial heat meets residential cool across Malaysia real estate
A server-farm boom powers Malaysia’s property market while residential recalibrates around affordability and caution
Young buyers hold the key to unlocking Bangkok’s empty homes
The Thai capital's skyline still rises, but the market seems out of sync with its next generation of buyers
Investors double down on Jakarta despite Nusantara’s political rise
Density, demand, and capital flows continue to anchor real estate momentum in Greater Jakarta
Hong Kong’s deadliest blaze in decades triggers stricter safety rules
But enforcement is the real test
