In its recent report, Morgan Stanley Research (MSR) of the United States announced that real estate developers see a 10% year-on-year sales growth in 2019 and 2020 following the GDP growth of the country.

In December 2019, the Central Bank of the Philippines released home price indexes for the third quarter of 2019, showing that condominium prices rose 29.1% year-on-year starting in 2016.

Meanwhile, with the construction of real estate and the development of large-scale infrastructure by the government, the lack of skilled workers at construction sites is becoming a big problem.

source: www.jetro.go.jp/biznews