{"id":122527,"date":"2021-10-12T06:30:17","date_gmt":"2021-10-11T23:30:17","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manilas-new-tax-on-gaming-operators-could-drive-office-vacancy-rates-to-near-two-decade-high\/"},"modified":"2021-10-12T07:03:18","modified_gmt":"2021-10-12T00:03:18","slug":"manilas-new-tax-on-gaming-operators-could-drive-office-vacancy-rates-to-near-two-decade-high","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manilas-new-tax-on-gaming-operators-could-drive-office-vacancy-rates-to-near-two-decade-high\/","title":{"rendered":"Manila\u2019s new tax on gaming operators could drive office vacancy rates to near two-decade high"},"content":{"rendered":"


\nA new tax on local and foreign online gaming operators and their employees in the Philippines is likely to drive away Chinese gaming operators and could push overall office vacancy rates to almost a two-decade high.These firms, which are collectively known as Philippine offshore gaming operators (Pogos), currently occupy an estimated 316,000 square metres of office space in Manila and the surrounding cities, together known as Metro Manila, according to KMC Savills. As of the end of 2019, these\u2026
\n
\nSource : South China Morning Post
\nRead more…Manila\u2019s new tax on gaming operators could drive office vacancy rates to near two-decade high<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A new tax on local and foreign online gaming operators and their employees in the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122527","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vSf","jetpack-related-posts":[{"id":146699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippines-sm-group-eyes-new-growth-as-manilas-gaming-ban-hits-real-estate\/","url_meta":{"origin":122527,"position":0},"title":"Philippines\u2019 SM Group eyes new growth as Manila\u2019s gaming ban hits real estate","date":"August 19, 2024","format":false,"excerpt":"\r SM Prime is relying on fundamentals and remittances to drive growth as Manila prepares to kick out Chinese workers in the online gambling industry.\r \r Source : South China Morning Post\r Read more...Philippines\u2019 SM Group eyes new growth as Manila\u2019s gaming ban hits real estate","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87291,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rush-of-chinese-arrivals-on-back-of-manilas-booming-gaming-industry-stokes-property-market\/","url_meta":{"origin":122527,"position":1},"title":"Rush of Chinese arrivals on back of Manila\u2019s booming gaming industry stokes property market","date":"May 7, 2018","format":false,"excerpt":"\r In Manila\u2019s main financial district and its fringes, signs of the new inhabitants are everywhere: the restaurants serving steaming Chinese hotpots and dumplings, the Mandarin broadcasts at the Mall of Asia, and the soaring property prices. An estimated 100,000 migrants, mostly Chinese, have flooded into pockets of the Philippines\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/metro-manila-office-market-could-decline-to-two-year-low-amid-philippine-crackdown-on-chinese-online-gaming-operations\/","url_meta":{"origin":122527,"position":2},"title":"Metro Manila office market could decline to two-year low amid Philippine crackdown on Chinese online gaming operations","date":"March 25, 2020","format":false,"excerpt":"\r Office vacancies could rise to a two-year high in Manila, as the Philippines starts to crack down on Chinese-operated online gaming operators to curb a rise in criminal activity associated with their operations.Vacancies are likely to rise to 7.6 per cent this year, a level last recorded in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119045,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manilas-residential-towers-slowly-emptying-out-amid-an-exodus-of-online-casinos-from-the-philippine-capital\/","url_meta":{"origin":122527,"position":3},"title":"Manila\u2019s residential towers slowly emptying out amid an exodus of online casinos from the Philippine capital","date":"October 28, 2020","format":false,"excerpt":"\r An exodus of online casinos from Manila is slowly emptying the Philippine capital\u2019s residential towers, pulling rents lower, according to property broker KMC Savills. Next year could be worse, it said.\u201cWe\u2019ve seen entire residential towers emptied out,\u201d Michael McCullough, managing director at KMC in Manila said on Tuesday. While\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102164,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-chinas-love-of-online-betting-is-boosting-the-philippine-property-sector\/","url_meta":{"origin":122527,"position":4},"title":"How China\u2019s love of online betting is boosting the Philippine property sector","date":"December 11, 2018","format":false,"excerpt":"\r The Chinese passion for betting has become a major driver of the Philippine property market. The country has become a magnet for Chinese online gambling operators, barred from setting up shop at home and stifled in Macau by measures aimed at curbing the spending of wealthy mainlanders. Warmer relations\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60366,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-mall-operators-face-bleak-decade-as-shoppers-go-online\/","url_meta":{"origin":122527,"position":5},"title":"China\u2019s mall operators face bleak decade as shoppers go online","date":"July 11, 2017","format":false,"excerpt":"\r Shopping mall operators on the mainland are bracing for a difficult decade as their retail tenants continue to lose market share to online vendors, suggesting little room to push up leasing rates in line with historic trends, according to a major Hong Kong based developer. Henderson Land Development vice\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122527"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122527"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122527\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}