manila: still a bright spot for investors in 2014
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It was officially stated by Urban Land Institute and Pricewaterhousecoopers in their recent Emerging Trends in Real Estate Asia-Pacific report that Manila is still a bright spot for investors. Here are some of the factors presented, which made executives believe in the country's real estate industry potentials.TRANSCRIPT
Manila: Still a Bright Spot for Investors in 2014
According to the Emerging Trends in Real Estate Asia-Pacific report from Urban Land Institute and
Pricewaterhousecoopers.
The Philippines, particularly Manila, will remain as a top destination among various
investment sector categories in 2014.
● Fast-paced growth of the BPO sector ○ English-educated
workforce○ Highly literate
human resource
Many executives that were interviewed for the survey were upbeat about Philippine real estate due to the following factors:
● Improving political environment
According to the report,
one of the main challenges
for real estate investors next year is the strong competition among conventional asset types and the expected lower yields once the base rates go up.
Investment Surge in Southeast Asian Property Markets
Investors are expected to look for value in niche areas - in smaller, emerging markets in the Southeast Asia - because traditional markets cannot provide higher yields.
The silver lining for Philippines and its neighbor Asian countries:
MANILA AS THE TOP INVESTMENT PICK
Manila is forecasted to be the top 4 investment pick for emerging cities next year.
"I think it's definitely still an underdog, but fundamentals there look good. I like the Philippine economy from a demographics perspective and they do manufacture more than people think." -- investor interviewed by ULI and PWC
The city is benefiting from:
● Its young demographic
● Consistently high capital inflows from local citizens working abroad
● Its culture's strong affinity to the West
For more information about Bright Spots for Investors in 2014, contact us.