By Anna Leah E. Gonzales May 31, 2020
Property consultancy company Lobien Realty Group Inc. expects township developments to increase and the logistics industry to grow after the coronavirus disease 2019 (Covid-19) pandemic.
“Definitely we will see that [growth]. This work-live-play type of environment — we will see that more and more,” Lobien Chief Executive Officer Sheila Lobien said during The Manila Times “Business as Usual Under the New Normal” online business forum on Thursday.
“So this mixed-use [developments with] open air [and] lots of light will be the next big thing. Not just big [buildings, but healthy] buildings with good-quality bright light, where people will have very good mental health, which also needs to be addressed by developers moving forward,” she added.
According to her, currently 60 percent of mixed-use township locations are outside Metro Manila. These include Baguio, Pampanga, Bulacan, Iloilo, Laguna, Cavite, Cebu, Dumaguete, Davao and Bacolod.
“The government is pushing development and urbanization out of Manila, and therefore we see a lot of developers [like] SM, Ayala, Robinsons [and] Filinvest, and even boutique developers pushing development outside,” Lobien said.
“The value proposition of a lot of big developers is that mixed-use township development will really grow, and location will be very important. You’re in one area, but everything is there — you work, live and play [there],” she added. Besides township development,
Lobien said her company was also expecting the logistic industry to grow further due to the e-commerce boom resulting from the lockdown imposed by the government in mid-March to curb the spread of Covid-19.
The industry, she added, is forecast to grow by double digits “in the next few years.”
“It is not surprising that they are growing the warehouse industry, because the current crisis sped up the use of the internet and e-commerce,” Lobien said.
“People now are so used to buying [products] online, and we will see that there will be a lot of growth in the warehouse industry moving forward. [It is projected to] grow by 10 percent in the next few years and will be a trillion-peso market soon,” she added.
Most of this growth will happen in Metro Manila and nearby areas, according to her.
“Where do we expect them to grow? Near Metro Manila, because the bulk of transactions [are] always here in Manila, [followed by] Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon provinces), Central Luzon, [the] Visayas and Mindanao. But [the] bulk of warehouse and logistics are near the metro, and we see that growing in the next few years,” Lobien said.