Ayala sees call center rentals falling by 10%

THE rental rates for outsourcing offices may fall by 10 to 15 percent this year because of the higher supply of office space coming into the market and the global recession, Ayala Land said in a briefing yesterday.

Another proof that the economic slowdown has washed up on the Philippine shore is that installment sales of Ayala Land’s residential properties have increased to about 5 percent last year from about 3.5 percent in 2007.

Twenty-two percent of the company’s total residential sales came from overseas Filipinos.

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