RP real estate industry grows an all-time high of 17.1%

The country’s real estate industry grows an all-time high of 17.1%, Malacanang said.

The growth is buoyed by “the increase in rent and lease of commercial and office spaces due to the newly established giant malls and shopping centers in the metropolis, and the booming business process outsourcing industry,” the Palace said.

The upward trend is seen not only in the metropolis but also in different provinces nationwide.