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2023 Wrap Up and 2024 Outlook on Philippine Real Estate Panelists

February 15, 2024

The urbanization of cities outside of the National Capital Region (NCR) has brought upon increased demand in various residential segments, particularly in vertical developments, real estate industry experts shared during the Lamudi webinar in collaboration with Westwind at Lancaster New City, last January 31, 2024.

Lamudi Philippines Associate Director for Corporate Accounts Management Mark Bailey said while demand for condos in Metro Manila last 2023 was stable, CALABARZON, especially Cavite, will follow suit.

“Cavite was the most viewed location for condominium projects [on Lamudi…] With the added infrastructure developments and incentives, it is becoming more interesting to look at condo investments in South [Luzon],” he added.