A series of reforms initiated by the administration of President Benigno Aquino III in the last few years have boosted spending on infrastructure and opened key industries to outside investors. The reforms prompted a series of upgrades to the Philippines’ credit ratings and echo initiatives taken in the region as it embarks on greater integration through the ASEAN Economic Community.
Underpinned by growing demand from low-cost buyers and high-end renters in Manila, the residential real estate market in the Philippines has posted strong figures in 2015 year-to-date. With vacancy rates falling and rentals on the rise, the sector is poised to maintain an upward trajectory into 2016.
The Philippine economy is gradually on the rise, largely driven by its business process outsourcing, industry and construction sectors. The average pace of growth in the Philippines in the first half of the decade was 6.3%, compared to 6% in Indonesia, 5.8% in Malaysia and Vietnam, and 3.6% in Thailand.
The construction and real estate sectors make up around 20% of the Philippine economy, slightly ahead of manufacturing, and as of the first quarter of 2014 accounted for 7% of national employment. Over the past few years, construction in the Philippines has been flourishing amid a climate of political stability and upbeat business sentiment,...
Favourable demographics, a solid macroeconomic outlook and a confluence of demand drivers are inspiring bullishness in all property segments in the Philippines. Motivated by some of the region’s most competitive rental rates and an attractive workforce, business process outsourcing (BPO) firms are taking office space in sought-after commercial...
As property markets in South-east Asia absorbed major hits following the last time they experienced rapid growth in the late 1990s, questions inevitably arise over the degree to which the Philippines’ ongoing surge in property value and activity is being driven by solid fundamentals rather than opportunism.
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