Why invest in Philippines real estate?
Given the difficulties in the developed economies of the world, you might wonder why foreigners would want to purchase a property in the Philippines. The main reasons they have started to do so at an accelerating pace include:
1. The rapidly growing Philippines economy sets the context for rising property prices. The Gross Domestic Product (GDP) of the Philippines rose by 7.8% in the first quarter of Protected content , with expectations for strong growth for the rest of the year. From Protected content Protected content average annual GDP growth rate of the Philippines was 5%.
2. Property prices in the Philippines are one of the lowest in Asia, up to 80% lower than Singapore for premier city centre properties (US$2,807 per square meter versus $16,350 in
3. Rental yields in the Philippines are one of the highest in Asia, at around 7%, versus just 3% in Singapore.
4. The stable and strong growth of Business Process Outsourcing (BPO) and Information Technology Outsourcing (ITO) industries in the Philippines increases both the income of the locals and also the number of expats, which creates demand for apartment rentals.
Types of properties you can invest in
We will now take a look at specific examples of the range of residential properties that you can invest in, and what pricing and quality is like. Information on the following properties are provided courtesy of Century Properties Group (CPG), a leading property firm in the Philippines that offers a full-range of services including property development, sales and marketing, and property management. One of the most experienced real estate companies in the industry, CPG has built over 22 buildings (with over 4,200 units) and Protected content , with a 100% completion rate of all its projects. Century Property Management Inc. can help unit owners manage their property for rental and re-sale.
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