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	Colliers International Philippines associate director Julius Guevara said in a briefing that prospects were bright for the residential, office, commercial and hotel/leisure segments in the metropolis over the next 12 months. Demand for industrial estate, a laggard over the years, has also picked up, not from heavy manufacturing players but mostly from logistics and warehouse providers, Guevara said.</div>
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	Aided by better-than-expected local economic growth and low interest rates, Colliers reported that land values in the Makati central business district (CBD) rose by 5 per cent in 2012 to 291,000 pesos (Bt213,000) a square metre and were likely to increase to 307,000 pesos in the last quarter of this year. However, this will still be lower than the 400,000-pesos/sqm valuation in end-1997 before the Asian currency crisis erupted.&nbsp;</div>
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Good year for RP property market

The Philippine property market is headed for another good year this 2013, with urban land values and rental rates in Metro Manila likely to firm up alongside benign vacancy rates, according to property consultant Colliers International.