Prospects for investment in the Philippine industrial real estate market are looking bright due to a current shortage of developed property in the sector, a real estate analyst said. In an interview last week, Monique Cornelio-Pronove, chief executive officer of Pronove Tai International Property Consultants, told The Manila Times that the industrial property sector will become the top performing real estate sector as it has the least amount of supply in the market. There are very few developers that are into the industrial estates development,” Pronove said. Pronove said there is already demand for the country’s industrial property market particularly for typical warehouses and manufacturing. The real estate analyst suggested there are opportunities for industrial development for both the northern and southern parts of the country.

Source: Manila Times September 28, 2016 17:03 UTC