CBD fringes seen as new areas for growth

by Newsfeed

Fringe addresses may soon enjoy the so-called “post code envy,” as developers turn their sights to locations that previously went under the radar for residential developments.

This is what Colliers International Philippines reported as an emerging trend among residential spaces in Q4 2019 report it presented earlier this month.

“The launches, they are in the fringes,” said Joey Roi Bondoc, senior research manager at Colliers International Philippines. “You have here Manila, Parañaque and Pasig. These were the three locations that drove residential launches in Metro Manila for 2019.”

Areas in Quezon City, Las Pinas and Muntinlupa also join these rising fringe addresses, which refer to places outside the usual top locations and which are now enjoying spillover development in the form of residential…

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