The PSEi gained 0.11 percent to close at 7,834.86, a fresh all-time high.
SM Prime Holdings, which reported strong 2014 earnings on Monday, was the day's biggest gainer, rising as much as 3 percent.
Other advancers include Ayala Land, Megaworld and Century Properties.
CBRE Philippines said it expects the property sector to continue its strong growth, driven by the hospitality, gaming and retail industries.
At the foreign exchange market, the peso weakened to P44.33 against the US dollar.
Meanwhile, Southeast Asian stock markets traded stronger on Tuesday, although gains were capped as investors looked to Federal Reserve Chair Janet Yellen's statement later in the day for signs of when the U.S. central bank would raise interest rates.
The Thai SET index was up 0.5 percent by midday, led by a 1.8 percent gain in the country's top oil firm, PTT.
Yellen will deliver the central bank's semi-annual Monetary Policy Report to the Senate Banking Committee later in the day, in the first of two days of testimony to Congress on the state of the economy. And there is much uncertainty over whether she will echo the dovish tone of the minutes from the Fed's last meeting, or reaffirm June as a window for a first rate hike.
"Market traders continue to be cautious in the wake of 'unsettled issues' in Greece, but were also optimistic that China may lead the way with further market easing news," Singapore-based NetResearch Asia said in an investor note.
Euro zone ministers late on Friday agreed to extend Greece's financial rescue package by four months, a shorter extension than the six months the country had sought. But concerns over Greece's willingness for required reforms weighed on sentiment.
Singapore was up 0.3 percent, Malaysia traded 0.4 percent firmer, and Vietnam, which resumed trading after long holidays, gained 1 percent.
In Kuala Lumpur, energy shipping company MISC Bhd jumped 5.4 pct to its highest since July 2011 after it entered into an agreement with controlling shareholder Petroliam Nasional Bhd and South Korean shipbuilder Hyundai Heavy Industries Co Ltd, to build five liquefied natural gas carriers. - With reports from ANC and Reuters
source: www.abs-cbnnews.com
