Top Real Estate Companies in Philippines

The Real Estate industry in the Philippines is a vital contributor to the country's economic growth and development. As the nation's economy continues to expand and urbanization accelerates, the demand for residential, commercial, and industrial properties has surged. This article provides a comprehensive analysis of the growth, success factors, and key trends shaping the Real Estate industry in the Philippines. Additionally, it highlights the challenges and future outlook for the industry, offering valuable insights for investors, policymakers, and industry stakeholders.

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CompanyHeadcountContactDescriptionDecision Maker
KNIGHT FRANK6,459 +65 6222 1333

At Knight Frank, we build long-term relationships, which allow us to provide personalised, clear and considered advice on all areas of property, in all key markets. We believe personal interaction is a crucial part of ensuring every client is matched to the property that suits their needs best – be it commercial or residential. Operating in locations where our clients need us to be, we provide a worldwide service that’s locally expert and globally connected.Inspired teams naturally provide excellent and dedicated client service. Therefore, we’ve created a workplace where opinions are respected, where everyone is invited to contribute to the success of our business and where they’re rewarded for excellence. The result is that our people are more motivated, ensuring your experience with us is the best that it can be.At Knight Frank, we value our vibrant online community and appreciate your active participation on our social channels. We strive to maintain a safe, respectful, and inclusive environment for all users. Please adhere to the following guidelines to ensure a positive experience for everyone:- We encourage and welcome your comments and feedback, however, they should be shared in a constructive, respectful manner.- We reserve the right to reject or remove comments that are not in keeping with our policy and to block or ban users/followers who violate this policy.- Please treat each other with courtesy and respect. Hate speech, discrimination, or offensive content of any kind will not be tolerated.Our moderators reserve the right to remove any content and any user who violates these guidelines that are intended to maintain a welcoming and respectful community.Thank you for being a valued member of the Knight Frank community.

BAYLEYS REAL ESTATE1,460 +64 21 211 2988

Bayleys is New Zealand’s largest full-service, locally owned real estate company. We offer expertise in the marketing and sale of a wide range of property, including residential real estate, farms and lifestyle blocks, and commercial and industrial property. This includes tourism and leisure assets such as hotels and motels as well as a range of businesses for sale. We also cover the real estate markets in Fiji and other Pacific Islands. Bayleys also provides a complete property and facilities service including property management and valuations teams focused on achieving both Owner and Tenant satisfaction.No other real estate company can match our breadth of coverage across all market sectors throughout New Zealand.

CAPITALAND7,493 +65 6713 2888

CapitaLand Group (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered in Singapore, CapitaLand’s portfolio focuses on real estate investment management and real estate development, and spans across more than 260 cities in over 40 countries. Within its ecosystem, CapitaLand has developed an integrated suite of investment management and operating capabilities that supports its real estate businesses and platforms in building core competencies across the real estate value chain. With this full stack of capabilities, CapitaLand can optimise the strategies of its listed real estate investment management business CapitaLand Investment (www.capitalandinvest.com), and its privately held property development arm CapitaLand Development; to drive competitive advantage for its businesses.CapitaLand places sustainability at the core of what it does. As a responsible real estate company, CapitaLand contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.---With the recent rise in phishing scams that involve digital communications with fake SMSes, emails and WhatsApp messages with spoof headers, it is important to verify any links before clicking them. Do not provide any personal, credit card or bank account details over an SMS, email or WhatsApp message, or make any payments to a third party’s bank account. CapitaLand shall not be liable for any loss, damage or consequences that may arise from any communication or offer of employment not directly made by CapitaLand. For more information, visit: https://www.capitaland.com/en/more-from-capitaland/social-media.html

CBRE ASIA PACIFIC3,314 +65 6854 8688

CBRE Asia Pacific is an integral part of CBRE Group, the world’s largest commercial real estate services firm. Over 20,000 professionals focus on the alignment of our clients’ overall business objectives with their real estate requirements. The Asia Pacific region comprises 87 offices (excluding affiliates) across Australia, New Zealand, India, Vietnam, Japan, Indonesia, Malaysia, Thailand, Singapore, South Korea and Greater China including Hong Kong, Macau and Taiwan. We work together to provide unparalleled tools and resources, leverage, credibility, market coverage and local expertise.

EQUIEM169 +61 1300 132 732

Equiem is the global leader in commercial tenant experience technology.The firm works with leading property owners and managers in the global real estate industry to breathe life into their buildings, by transforming them from mere brick and mortar structures into vibrant, connected and engaged communities with services and experiences that enrich lives.Equiem’s market-leading app, used by 170,000 people across 60 million sq ft (5.5 million square metres) of commercial real estate worldwide, helps landlords attract and retain occupiers, deliver seamless tenant communication, supercharge onsite retail and services, and unlock additional asset value across their portfolios. With comprehensive, easy-to-use dashboards, Equiem’s app also offers the most advanced tenant analytics in the market, providing clients with rich, actionable intelligence that drives smarter, more effective tenant engagement.Founded in 2011, Equiem has offices in Australia, the USA, the UK and The Philippines. Clients include the likes of Dexus, Lendlease, Knight Frank, Nuveen, and Brookfield.

CBRE GLOBAL WORKPLACE SOLUTIONS (GWS)13,370 +65 6854 8688

From short-term decisions to developing a long-term strategy, CBRE Global Workplace Solutions (GWS) partners with clients to uncover solutions for unique, organizational needs and opportunities to drive strategic business outcomes, worldwide.

HMLET83 +65 3138 5596

Hmlet is Asia’s leading flexible living brand, with over 1,500 homes across Singapore, Hong Kong and Tokyo. We provide occupants, also known as Members, with custom-designed fully furnished rooms and apartments — tailored to fit their budget, duration of stay and stage of life. All our homes are move-in ready with easy access to public transport and communal facilities to provide them with everything they might need to experience the ultimate hassle-free living.

HONGKONG LAND LIMITED1,259 +65 6238 1121

Hongkong Land is a major listed property investment, management and development group. The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail assets in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group also has a number of high-quality residential, commercial, and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

HUB AUSTRALIA144 +61 1300 482 611

Hub Australia provides premium workspace solutions to help people love where they work. Founded in 2011, Hub is Australia’s largest privately-owned flexible workspace operator and offers beautifully designed and serviced workspaces, used by hundreds of businesses aiming to attract and retain the best talent. With a distributed network of locations in Sydney, Melbourne, Brisbane, Canberra and Adelaide, we create workspaces that people love through premium design and technology, personalised customer service, flexible partnerships, and a commitment to wellness of our members, team, and environment.Hub Australia is committed to creating a positive impact on our communities, environment, and members through several impact-focused initiatives. Hub is a Certified B-Corporation, Carbon Neutral Certified via the government program Climate Active, and offers many free memberships to purpose-driven businesses across the year.

IWG PLC12,568 +65 3163 8030

IWG is leading the workspace revolution. Our companies help more than 2.5 million people and their businesses to work more productively. We do so by providing a choice of professional, inspiring and collaborative workspaces, communities and services. Our customers are start-ups, small and medium-sized enterprises and large multinationals, with unique goals and aspirations. They want a choice of workspaces and communities to match their needs. Through our companies we provide that choice. Regus | Spaces | No18 | Openoffice | Basepoint | Signature IWG companies now help millions of people in almost 3,300 locations in over 1,000 towns and cities across more than 110 countries. We create personal, financial and strategic value for businesses of every size. From some of the most exciting companies and well-known organisations on the planet, to individuals and the next generation of industry leaders.#greatdayatwork

MEGAWORLD CORPORATION2,643 +63 2 8894 6300

Megaworld Corporation is one of the leading real estate developers in the Philippines today with various trailblazing real estate development projects strategically located in burgeoning commercial and industrial nodes within Metro Manila, in the Calabarzon corridor and in strategic cities in the Visayas. Its projects include, among others, Eastwood City CyberPark located along C-5 Road in Quezon City; Newport City just across the NAIA Terminal 3 in Pasay City; the high-end Corinthian Hill Village & town center located along Temple Drive in Libis, Quezon City; the upscale McKinley Hill Village & town center situated between Lawton Avenue and C-5 Road; the CityPlace multi-tower mixed use commercial/residential condominium project located along Jose Abad Santos Street in Binondo, Manila; and, Forbeswood Heights condominium & town center, located along Rizal Drive in Bonifacio Global City; and, the Iloilo Central Business Park located at the old Iloilo airport in Mandurriao, Iloilo..

CBRE68,574 +65 6224 8181

Operating across every dimension of commercial real estate, CBRE sees more so you can do more.

PROPSELLER71 +65 6797 8808

Propseller is the Modern Real Estate Agency that stands by you.Our mission is to offer the clients we serve the most reliable solution to successfully sell, buy or rent a property. That means achieving better outcomes, faster and with much less pain than anywhere else.

JLL77,750 +65 6250 4145

We’re a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. We want the most ambitious clients to work with us, and the most ambitious people to work for us. Join us.

BELLE PROPERTY1,272 +61 1300 363 992

Belle Property is a sophisticated boutique real estate network that offers a full-service agency experience, catering to both the premium and middle markets. Belle Property has 100 offices in select lifestyle locations across New South Wales, Victoria Queensland, South Australia and the Australian Capital Territory. Belle Property strives for outstanding presentation, strategic marketing, genuine client service and superior sales skills, all which are the core ingredients of a premium outcome at any price level. Our network of agents, property managers and admins represent the highest level of professionalism, expertise, and ethics within the industry, operating with honesty, purpose and integrity. As a company, our priority is the training and development of our people. The Belle Property Academy training department is award-winning; being recognised as the Training and Education Program of the Year at the 2019 REB Awards. We continue to invest in the development of our people as we believe its what sets us apart.

HUTTONS REAL ESTATE GROUP1,300 +65 6253 0030

Established since 2002, Huttons Group(合登集团)is Singapores Largest Private Real Estate Agency. We are winners of numerous awards for innovative technologies and industry first initiatives over the years. In association with Savills, we have more than 5,200 professionals marketing hundreds of local and international projects over 8 countries.As The Preferred Agency of Choice, we strive to provide the highest level of service to clients through vast knowledge across different market segments, and with empathy. Growing from strength to strength, Huttons is also expanding rapidly and extending our reach abroad, making it a seamless experience for our clients to buy and sell properties globally.

SAVILLS12,403 +65 6836 6888

Savills is a global real estate services provider with a network of more than 40,000 people in over 700 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East. A FTSE 250 company (LON: SVS) headquartered in London, Savills advises corporate, institutional and private clients who are seeking to acquire, lease, develop or realise the value of residential and commercial property in the worlds key locations.

HERRON TODD WHITE697 +61 1300 880 489

Herron Todd White is 100% Australian owned with over 64 offices in capital cities and regional areas, employs over 750 staff and services 96% of Australias population. Our qualified people are experts in all aspects of the property market, from individual residences and major development projects, to rural properties and corporate and government portfolios, enabling our customers to benefit from our broad experience.When you request our expertise, you can expect trusted and independent valuation and advisory solutions, as we are not involved in selling, leasing or managing property.We believe independence and a relentless focus on the highest standards of professionalism underpins our success and the future growth of our business. Herron Todd White was established over 50 years ago, and has today grown into one of the country’s largest independent property advisory and valuation firms.

MIRVAC1,811 +61 2 9080 8000

Mirvac is a leading Australian property group, with an integrated development and management capability. Established in 1972, Mirvac has over 50 years of experience in the property industry and an unmatched reputation for delivering superior products and services across our businesses. Principally located in Australias four key cities of Sydney, Melbourne, Brisbane and Perth, we own and manage assets across the office, retail and industrial sectors, with over $17bn of assets currently under management. Our development activities allow us to create and deliver innovative and high-quality commercial assets and residential projects for our customers, while driving long-term value for our securityholders.Our integrated approach gives us a competitive advantage in the creation of quality assets across the entire life-cycle of a project; from planning through to design, construction and development, leasing, property management and long-term ownership.Our purpose, to Reimagine Urban Life, helps to guide us not only in what we do and how we do it, but importantly, why we do it. Were inspired to think about how we can redefine the landscape and create more sustainable, connected and vibrant urban environments, leaving a lasting legacy for generations to come.We bring this purpose to life by harnessing the power of each and every one of us to deliver outstanding products and services to our customers, while ensuring value to our securityholders.

SAVILLS AUSTRALIA & NEW ZEALAND516 +61 2 8215 8888

Trusted since 1855, Savills is a leading global real estate service provider.When you deal with Savills you tap into the expertise of 40,000+ professionals delivering world best-practice property solutions, across more than 700 owned and associate offices. At Savills we advise corporate, institutional and private clients, seeking to acquire, lease, develop or realise the value of prime residential and commercial property across the world’s key markets. Meeting and working with our people is one of the main ways to understand what makes us different – but the below facts give you a flavour for what we do and how what we do it.- We dont strive to be the biggest, but we do aim to be the best- We collaborate closely to ensure you get the results that come from the best of global connections and local knowledge- Globally, we employ more than 40,000 people in 70 countries; while in the Asia Pacific Region, Savills has over 70 offices- We are proud to be a part of Property Male Champions of Change - an important gender equality initiative for our industry- We are committed to reducing our corporate impact on the environment and contributing to the communities in which we operate

Top Real Estate Companies in Philippines

Key Statistics from 2022: GDP and Employment

In 2022, the Real Estate industry in the Philippines contributed approximately 9% to the nation's GDP, amounting to nearly $27 billion in revenue. This figure represents a significant increase compared to previous years, driven by rising demand for properties and robust construction activity.

Employment in the Real Estate industry reached nearly 2 million individuals in 2022, accounting for approximately 4% of the total workforce in the Philippines. The industry offers a range of job opportunities, from construction and property management to sales and finance, contributing to the country's overall employment growth.

Factors Contributing to the Industry's Growth and Success

Several factors have contributed to the growth and success of the Real Estate industry in the Philippines:

Government Initiatives:

The Philippine government has implemented various policies and initiatives to support the industry, such as the Comprehensive and Integrated Shelter Finance Act and the Balanced Housing Program. These efforts aim to promote housing affordability, encourage investment in the sector, and facilitate the development of infrastructure.

Economic Growth and Urbanization:

The Philippines' robust economic growth and rapid urbanization have fueled the demand for residential, commercial, and industrial properties. This has led to significant investment in the development of new projects, driving industry expansion.

Demographic Factors:

A growing population, combined with an expanding middle class and increasing disposable income, has contributed to the rising demand for real estate in the Philippines. This has driven the growth of various real estate segments, including affordable housing, luxury residences, and commercial spaces.

Sector-specific Growth and Comparison to Previous Years

Residential Real Estate:

The residential real estate sector in the Philippines grew by 6% in 2022 compared to 2021, driven by strong demand for housing and the development of new projects. This growth has been particularly evident in the affordable and mid-income segments, which have experienced significant expansion due to favorable financing options and government support.

Commercial Real Estate:

The commercial real estate sector experienced a 5% growth in 2022, driven by the expansion of business process outsourcing (BPO) companies, the increasing demand for office spaces, and the growth of the retail sector. New commercial developments, particularly in Metro Manila and other urban centers, have further fueled the sector's expansion.

Industrial Real Estate:

The industrial real estate sector witnessed a 7% growth in 2022 compared to the previous year. This growth was fueled by the increasing demand for logistics facilities, warehouses, and manufacturing spaces due to the growth of e-commerce, export-oriented industries, and infrastructure projects.

Key Trends and Technological Disruptions

The Real Estate industry in the Philippines is embracing several key trends and technological disruptions, including:

Proptech:

The adoption of property technology (proptech) is transforming the Real Estate industry in the Philippines. Digital platforms, big data analytics, and smart building solutions are reshaping the way properties are developed, managed, and sold, driving efficiency and enhancing the customer experience.

Sustainable Development:

The growing awareness of environmental issues and the need for sustainable development have led to the incorporation of green building practices and eco-friendly materials in the Real Estate industry. Developers are increasingly focusing on energy efficiency, water conservation, and waste management to create sustainable projects that cater to the evolving preferences of buyers and tenants.

Co-living and Co-working Spaces:

As urbanization continues and the demand for affordable and flexible living and working spaces grows, the Real Estate industry in the Philippines has witnessed the emergence of co-living and co-working spaces. These innovative property solutions cater to the needs of millennials, entrepreneurs, and remote workers, further diversifying the industry's offerings.

Challenges

Despite its growth and ongoing innovation, the Real Estate industry in the Philippines faces several challenges that must be addressed to ensure continued progress:

Regulatory Environment:

A transparent and efficient regulatory environment is essential for fostering growth and investment in the Real Estate industry. Streamlining permitting processes, reducing bureaucratic red tape, and ensuring the timely approval of new projects will be crucial for attracting investment and driving industry expansion.

Infrastructure Development:

As the demand for properties grows, particularly in urban centers, the need for adequate infrastructure becomes increasingly important. The Philippine government and private sector must continue to invest in transportation, utilities, and other critical infrastructure to support the industry's growth and cater to the needs of the population.

Housing Affordability:

Ensuring housing affordability remains a challenge in the Philippines, particularly for low- and middle-income families. Addressing this challenge requires a multifaceted approach, including the promotion of affordable housing projects, the expansion of financing options, and the implementation of effective housing policies.

Future Outlook

The future outlook for the Real Estate industry in the Philippines remains positive, with ample opportunities for growth and innovation across various sectors. By addressing the aforementioned challenges and capitalizing on emerging trends and technological disruptions, the industry can continue to thrive, contributing to the nation's economic development and urban transformation.

Conclusion

In conclusion, the Real Estate industry in the Philippines has demonstrated significant growth and resilience, driven by factors such as government initiatives, economic growth, urbanization, and demographic trends. Sector-specific growth in residential, commercial, and industrial real estate, coupled with the adoption of key trends and technological disruptions, has further propelled the industry's expansion. By addressing the challenges and embracing new opportunities, the Real Estate industry in the Philippines is well-positioned to solidify its presence in the global market and drive the nation's progress in economic development and urban planning.

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By Melissa Goh
Published on 29 May 2023