Colliers International recently held a media briefing at the Megaworld Capital Town Pampanga sales office to unveil its latest insights report, highlighting the City of San Fernando as a burgeoning property hub in Pampanga. The report detailed the city’s significant growth in real estate, driven by increased investment and development.
Key findings indicated that the capital city experienced a surge in residential and commercial projects over the past year, fueled by its strategic location and improved infrastructure. The city’s accessibility to major highways and proximity to Clark International Airport have positioned it as an attractive destination for both local and foreign investors.
The report also noted a rise in demand for mixed-use developments, reflecting changing consumer preferences and lifestyle trends. Industry experts emphasized that the ongoing urbanization in the city presents numerous opportunities for developers and investors looking to capitalize on its potential.
“We believe that San Fernando’s vibrant economy and favorable business climate have established it as a key player in Pampanga’s real estate market,” said Director Joey Roi Bondoc, Research Colliers Philippines. “As development continues, we expect to see further growth and diversification in the property sector.”
“Amendments to the Right of Way Act and interim executive orders are essential to enhance infrastructure development. Fair and equitable interest rates set by the Central Bank are crucial for accessible financing in the housing market. Furthermore, increasing fiscal perks and tax breaks for developers will stimulate investment and boost housing supply, benefiting communities. Engaging stakeholders in the law-making process is vital for creating effective housing policies that address the needs of all parties involved,” as noted by Bondoc during the question-and-answer session to solve the housing crisis in the Philippines.
Colliers remains committed to providing timely insights and analysis to help stakeholders navigate the dynamic real estate landscape in the region.
Central Luzon Real Estate Market Booms
Bondoc also highlighted Central Luzon as a rapidly growing real estate and industrial park hubs driven by its strategic location and ongoing infrastructure developments. Key regions like Pampanga and Bulacan are emerging as hotspots, notably with projects like New Clark City and the upcoming Bulacan Airport.
Significant residential project growth in Pampanga is anticipated due to sustained demand, easing restrictions, and consistent remittances from overseas Filipino workers. The region is becoming a favored investment destination outside Metro Manila, spurred by major infrastructure initiatives.
Local developers are encouraged to partner with national firms to create large-scale townships. With major projects like the NLEX-SLEX Connector and Clark International Airport expansion underway, timely project launches are essential to leverage rising property values in cities like Angeles and Mabalacat.
Colliers offers a variety of services, including commercial brokerage, property management, and investment advisory, providing valuable market insights that assist businesses and developers in making informed decisions.
Bondoc also noted several challenges, including ongoing economic uncertainties and persistently high interest and mortgage rates. Additionally, geopolitical tensions are affecting market stability, while a housing backlog and rising construction material prices are constraining new project launches.