A total of 88 infrastructure flagship projects for completion in 2023 and beyond will be up to the next administration to continue. Taking all these into consideration, we are optimistic that the Philippine economy will post an even better performance following a solid rebound last year.
While rising incomes typically might support some gain in house prices, the prospect of future expansion in housing supply and tightening in the global funding conditions for lenders are significant factors that may place downward pressure on house prices over the medium term.