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A Quick Summary Before You Read the Individual Stories Below
Philippine real estate and business news is moving quickly, with major investments, policy changes and shifting workplace trends shaping the market.
New IT ecozones are returning to Metro Manila as developers position projects to capture future technology and outsourcing demand. However, artificial intelligence is causing companies to delay leasing decisions, while Cebu landlords face growing pressure to modernise aging office buildings and compete with new supply.
Major property groups are also expanding. Rockwell Land is consolidating control of Alabang Town Center ahead of a long-term redevelopment, while Siargao is preparing for its first condominium-led mixed-use township. MREIT, meanwhile, reported stronger income and dividends as it advances its largest planned asset acquisition.
Elsewhere, Ayala Land led Philippine companies at a regional human capital awards programme, while the Bureau of Internal Revenue intensified enforcement with tax-evasion cases involving more than ₱416 million.
Scroll down for the key figures, projects and developments behind these stories.
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The News
Ayala Land led Philippine winners at the 2026 Human Capital Awards Southeast Asia with one Gold and three Silver awards. Universal Robina and PLDT/Smart each earned two awards, while SM Supermalls received one, recognising achievements in workplace culture, employee development and HR innovation.
Read the full article on Manila Bulletin
The Philippines reopened Metro Manila to new IT parks, with five projects already lined up for approval. The move is expected to support investment, office demand and job creation while maintaining provincial development goals. IT-BPM revenues are projected to reach $42.3 billion in 2026.
Read the full article on Inquirer
Cebu office landlords face rising pressure to upgrade aging buildings as IT-BPM demand slows and new supply approaches. CBRE recommends phased, low-cost improvements, retrofitting former Pogo spaces and pursuing ESG certification. Healthcare outsourcing remains a growth area, while service charges increasingly influence tenant leasing decisions.
Read the full article on Cebu Daily News
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The BIR filed three tax-evasion cases involving more than ₱416 million in liabilities, led by a ₱402.74-million case against Pogo-linked Zun Yuan Technology. Other complaints involve AEP Construction and two VAT-registered property sellers. The bureau filed 269 criminal complaints in the first half of 2026.
Read the full article on Inquirer
Five Metro Manila developments are awaiting IT ecozone approval after the government lifted its moratorium. The policy allows PEZA to process new IT parks and centers, giving developers and IT-BPM firms greater location flexibility while maintaining support for provincial expansion.
Read the full article on Manila Bulletin
Philippine office leasing demand fell 50 percent quarter-on-quarter to 145,000 square meters as companies reassessed space needs amid AI adoption. JLL considers the slowdown temporary, with delayed deals expected to close. Long term, AI could support workforce and office growth, provided employees receive adequate reskilling.
Read the full article on Manila Bulletin
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Rockwell Land will acquire an additional 22.96% stake in Alabang Commercial Corp. for ₱6.2 billion, raising its ownership of Alabang Town Center to 99.26%. The company plans parking, traffic and tenant upgrades before pursuing a five- to 10-year redevelopment of the 17.5-hectare estate.
Read the full article on Manila Bulletin
Wellbuild Development unveiled the ₱2-billion Palmyra Siargao, an eight-hectare mixed-use township in Del Carmen featuring the island’s first condominium residences. The project will offer around 250 units, resort and commercial facilities, sustainability infrastructure and approximately 500 construction jobs, with phase one targeted within four years.
Read the full article on Philstar
MREIT’s first-half distributable income rose 34% to ₱2.49 billion, while revenue increased 26% to ₱3.41 billion. Occupancy reached 90%, and its second-quarter dividend grew 5% to ₱0.263 per share. A planned ₱27-billion acquisition will expand its portfolio beyond 950,000 square meters.
Read the full article on Manila Bulletin
We are working hard to provide you with the latest stories and updates about the Philippines real estate market like we did (and still going strong) for the past 2 years in Dubai Market. You can check our work on www.therealestatereports.com