Property

Office occupancy in Metro Manila is expected to keep falling until 2027 as new buildings open faster than companies can fill them, according to real estate consultancy Prime Philippines. The oversupply is putting continued downward pressure on office rents and property values.

Megaworld Corp., the listed property development arm of tycoon Andrew Tan, is accelerating its expansion in Palawan as it introduces a new wellness-focused residential concept within its 462-hectare ecotourism township, Paragua Coastown, in San Vicente.

One of the subsidiaries of ItalPilipinas Development Corp., a listed property developer, is preparing to tap the debt market to fund a new residential project.

The Bases Conversion and Development Authority (BCDA) is evaluating the possible renewal of Ayala Land’s lease over Market!Market! ahead of its 2027 expiration, as plans for a large-scale, transit-oriented development (TOD) in Bonifacio Global City (BGC) gain momentum alongside the Metro Manila Subway Project.

Wellness has long been marketed as an escape: drive out of town, book a retreat, breathe deeply, then return to traffic on Monday. Greenfield Development Corp. wants to retire that idea. Its message is refreshingly grounded—well-being shouldn’t live on the fringes of city life. It should be woven into it.