Connect With Us

Wednesday, June 10, 2015

Top Countries Investing in Philippine Real Estate

Wazzup Pilipinas!

Global property portal Lamudi Philippines looks at the top countries that make the Philippines one of the top property investment markets in Asia

The local and international markets are eyeing the Philippine real estate sector as a strong and lucrative venture.

Some of the compelling reasons that secure a foothold for the Philippines in the property investment scene can be attributed in the strong presence of business process and information technology outsourcing in the country, and the relatively low prices of real estate properties compared to other regions. 

Likewise, the Philippines continues to capture foreign market due to the country’s positive demographics, GDP growth, and strong assets inflows from overseas Filipino workers.

In 2014, Manila bagged the fourth ranking out of 23 Asian cities in terms of city investment prospects, according to a survey by the U.S.- based Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC). Metro Manila closely follows Tokyo, Shanghai, and Jakarta, who occupy the top three positions, respectively.

Dubbed “Emerging Trends in Real Estate Asia Pacific,” ULI and PwC report likewise revealed that investors are increasingly willing to invest in emerging markets, such as Manila and Jakarta, instead of traditional markets, such as Hong Kong and Singapore.

Foreign residential ownership and office leasing

Despite foreign restrictions on land ownership, the consistent performance of the Philippine property sector and its booming economy still captured the interest of international stakeholders. This prompted most developers to come up with internationally inspired developments or use globally known brands to attract overseas demand.

In a 2014 report by Reuters, officials from leading developers, such as Ayala Land, Megaworld, and Century Properties, identified Singaporeans, mainland Chinese, Japanese, South Koreans, and Malaysians as the top foreign buyers of condominiums in Metro Manila.

As the outsourcing industry remain bullish, on the other hand, foreigners leasing office spaces continue to increase as well. Although most are concentrated in the metro, foreign firms setting up local offices are slowly spilling over to “new wave cities,” such as Cebu and Davao, prompting developers to build more commercial real estate in these areas.

Strong overseas demand for real estate equals steady foreign investment inflows

According to data from the Board of Investments and the National Statistical Coordination Board, the main contributing countries to foreign direct investment inflows for 2014 are the following: the Netherlands, who at the top spot contributed 24.1 percent or Php23 billion. Japan and the United States occupy the second and third places, who pledged Php20.9 billion and Php9.7 billion, respectively. For real estate and construction, 8 percent (Php7.6 billion) of the total FDI was allotted.

About "" is the fastest growing and most awarded blog and social media community that has transcended beyond online media. It has successfully collaborated with all forms of media namely print, radio and television making it the most diverse multimedia organization. The numerous collaborations with hundreds of brands and organizations as online media partner and brand ambassador makes a truly successful advocate of everything about the Philippines, and even more since its support extends further to even international organizations including startups and SMEs that have made our country their second home.

Post a Comment

Copyright © 2013 Wazzup Pilipinas News and Events
Design by FBTemplates | BTT