CCR leasing activity

Philippine Developers Eye Luxury Hospitality Growth A growing residential oversupply is pushing more Philippine developers to explore opportunities in luxury hospitality, with industry experts pointing to rising demand for upscale hotels, resorts, and branded developments. Oversupply Driving Diversification According to Bill Barnett, founder and managing director of Thailand-based hospitality consulting firm C9 Hotelworks, the Philippine real estate market is at a turning point. “With real estate being overbuilt, developers will have to find a niche,” Barnett said. “The real estate situation in the country triggers more luxury because of the oversupply.” He noted that while the Philippines has over 7,000