MANILA, Philippines — MyTown, the country’s largest co-living brand, had seen a significant increase in corporate partnerships for staff housing over the last 12 months.
“We have seen a dramatic increase in staff housing by more than 70 percent over the last year. The number of inquiries and sector diversity more than doubled over the same period,” said MyTown chief leasing officer Jogee Arellano.
The brand, owned by Philippines Urban Living Solutions, said the demand was driven by companies that need to put in place business continuity plans (BCPs), including staff housing, in response to the disruptions created by the pandemic and ensure continued operations during community quarantine.
Making staff housing part of a company’s operations can help reduce late or absent employees, coronavirus infection risk from commuting employees, employee churn, and address work-from-home (WFH) programs’ lower employee productivity.
“Given these direct costs to a company, staff housing has an attractive return on investment for many. The corporate clients who utilize our staff housing have seen attrition rates decline up to four-fold, which have material direct and indirect impacts on companies’ bottom lines, “Arellano said.
Equipped with furnished rooms, extensive amenities, effective and comprehensive COVID-19 protocols, housekeeping, daily meal plans, and accessibility for Makati and Bonifacio Global City (BGC) corporate offices, MyTown has provided a one-stop-shop solution to its partners that include China Bank, KMC Solutions and the Aboitiz Group.
MyTown is the largest and most prominent co-living brand in the Philippines with 18 modern and luxurious dormitories located all within five minutes walking distance from Bonifacio Global City and Makati CBD.