Wazzup Pilipinas!
Metro Manila has emerged as one of the top five real estate investment destinations in Asia-Pacific, according to the Emerging Trends in Real Estate Asia-Pacific 2014 report published by the Urban Land Institute (ULI) and PricewaterhouseCoopers.
The report, covering 23 urban areas in Asia-Pacific, showed Metro Manila went up eight places from the previous year to rank fourth in terms of investment prospects for real estate. Metro Manila placed eighth in terms of development prospects. Rankings of city investment prospects showed Tokyo on top, followed by Shanghai, Jakarta, and Manila in fourth spot. Sydney followed in fifth spot with Guangzhou, Singapore, Beijing, Osaka and Shenzhen rounding out the top 10. The rankings are based on the survey and personal interviews of 250 of the most influential leaders in the real estate industry.
“Manila is among the big movers in the survey given the success in the impact of the BPO (business process outsourcing) and strong GDP (gross domestic product) growth,” said ULI chief executive for Asia Pacific John Fitzgerald during the launch of the report.
Investors are now more aware that the problems long associated with lack of transparency and governance issues in the country have improved. “The country also benefits from a young demographic, strong capital inflows from local citizens working overseas, and a workforce with a cultural affinity with the West,” the report read.
In this light, we would like to present to you eight (8) value for money affordable developments in Metro Manila¹s booming real estate market