% YoY Growh

❑
% YoY Growth

0
2
4
6
8

0
2
4
6
8
2001
Mar-18
Apr-18 2002
May-18 2003
Jun-18
2004
Jul-18
Aug-18 2005
Sep-18 2006
Oct-18
2007
Nov-18
Dec-18 2008
Jan-19 2009
Feb-19
2010
Mar-19
Apr-19 2011

❑
May-19 2012
Jun-19
2013
Jul-19
Aug-19 2014
Sep-19 2015
Oct-19 2016
Nov-19
Dec-19 2017
Jan-20 2018
Feb-20 2019
Mar-20

❑
❑

4.4
4.6
4.8
5.0
5.2
5.4
5.6

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20

Source: Philippine Statistics Authority
 In Million USD
% YoY Growth

❑
❑
0
1,000
2,000
3,000
4,000

-5.0
5.0

-15.0
15.0
25.0
35.0
45.0
55.0
Dec-17
Jan-18

Single
Feb-18
Mar-18

1Q18
Apr-18
May-18
Jun-18

2Q18
Jul-18

Duplex
Aug-18
Sep-18

Level
Oct-18

3Q18
Nov-18
Dec-18
Jan-19

4Q18
Feb-19
Mar-19
Apr-19

Townhouse
May-19

1Q19
Jun-19
Jul-19

Growth Rate
Aug-19
Sep-19

2Q19
Oct-19
Nov-19
Dec-19

3Q19
Condominium
Jan-20

0
5

-5
10
15

-10

4Q19
% YoY Growth

Source: Bangko Sentral ng Pilipinas

All
❑
❑

Person in Thousand

0
200
400
600
800
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
❑

Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
 ❑
% YoY Growth

-5
10
15
20
25

0
5

-20
-15
-10
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19

❑
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
❑

% YoY Growh

0
2
4
6
8
2001
2002
2003
2004
2005
2006
2007
2008
❑
❑

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018

Source: Philippine Statistics Authority

2019
About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real
estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately
53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of
property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit
www.cushmanwakefield.com or follow @CushWake on Twitter.

This report has been produced by Cushman & Wakefield for use by those with an interest in commercial property solely
for information purposes. It is not intended to be a complete description of the markets or developments to which it refers.
The report uses information obtained from public sources which Cushman & Wakefield believe to be reliable, but we have
not verified such information and cannot guarantee that it is accurate and complete. No warranty or representation,
express or implied, is made as to the accuracy or completeness of any of the information contained herein and Cushman
& Wakefield shall not be liable to any reader of this report or any third party in any way whatsoever. Cushman & Wakefield
shall not be held responsible for and shall be released and held harmless from any decision made together with any risks
associated with such decision in reliance upon any expression of opinion in the report. Our prior written consent is
required before this report can be reproduced in whole or in part.

© 2020 Cushman & Wakefield All rights reserved