Despite the prospect of an economic slowdown -- the result of an increasingly hostile global climate -- strong growth is expected to continue unabated in the Philippines property market.
On Friday, the Philippines Economic Planning Secretary Augusto Santos said he expected annual economic growth to slow between 5.2-6.2 percent in the first quarter as high oil and food prices hit consumption.
Despite this, property prices in the Philippines are being kept buoyant by a huge housing backlog, low interest rates, friendly payment terms, higher incomes of workers in the growing outsourcing industry, and a rising expatriate population.
In particular, the housing backlog of 3.8 million units has left 70 percent of the country’s 90 million population (approx) without their own home. This is the big difference between now, and the property boom before the Asian crisis of 1997-98. The demand for housing is not speculative; it is not investor driven; but rather end-user demand driven -- a specific demand that is being addressed.
Construction is booming across much of the country, especially in Manila, a mostly low-rise city where dozens of residential towers are beginning to dot the skyline. According to David Stanley Redfern research, at least 38,000 new apartments will be available by 2013 in the Makati financial district and in nearby Bonifacio Global City alone.
One such property in Makati is Lancaster the Atrium Towers. Situated in the heart of the central business district the units are keenly priced and offer substantial capital growth. Off plan prices per m2 in this district have grown by 40% in the last 24 months and the property promises higher than average yields of around 12 percent.
With no let-up in demand, the time to invest is now.
Find out more about Philippines property.
About DSR Asset Management
DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment
Editors Notes:
DSR Asset Management is represented by search engine marketing agency Footprints SEO. Please direct all media enquiries to press@footprints-seo.com or call: +44 (0) 115 8718 175
Showing posts with label overseas investment. Show all posts
Showing posts with label overseas investment. Show all posts
Tuesday, 17 June 2008
Philippines Property Boosted by Rising Tourism
The Philippines Department of Tourism data shows tourist arrivals from January to April increased by 7.5 percent on the same four months last year.
Tourist arrivals in the Philippines already topped the 3 million mark in 2007, the highest in years, while tourism spending grew by almost 41 percent last year. Yet 2008 looks likely to be an even better year for the Philippines.
In April alone, arrivals were up 4.3 percent on last years figures, a 126% improvement over the 1.9% increase recorded in April 2007. Add to this the possible introduction of a common visa across South-East Asia -- a move expected to streamline tourism to the region -- and the future looks bright for the Philippines.
There is nowhere better placed to profit from this increase than the capital, Manila. Of the 11 cruise ships that arrived in the country throughout January to April; seven of them disembarked here.
It is in Manila; in the prosperous financial district of Makati where David Stanley Redfern’s Lancaster the Atrium Towers can be found. Already the location of choice for serious global investors, Makati benefits from an ever increasing number of business users that flock to the area as multi-national corporations and established Filipino companies take hold.
Off plan prices per m2 in the Makati district grew by 40% in the last 24 months and units in Lancaster the Atrium can come fully furnished, fully managed and ready to rent. With business demand already promising rental yields of up to 12%, an upsurge in tourist arrivals merely presents another reason to invest.
Find out more about Philippines property.
About DSR Asset Management
DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment
Editors Notes:
DSR Asset Management is represented by search engine marketing agency Footprints SEO. Please direct all media enquiries to press@footprints-seo.com or call: +44 (0) 115 8718 175
Tourist arrivals in the Philippines already topped the 3 million mark in 2007, the highest in years, while tourism spending grew by almost 41 percent last year. Yet 2008 looks likely to be an even better year for the Philippines.
In April alone, arrivals were up 4.3 percent on last years figures, a 126% improvement over the 1.9% increase recorded in April 2007. Add to this the possible introduction of a common visa across South-East Asia -- a move expected to streamline tourism to the region -- and the future looks bright for the Philippines.
There is nowhere better placed to profit from this increase than the capital, Manila. Of the 11 cruise ships that arrived in the country throughout January to April; seven of them disembarked here.
It is in Manila; in the prosperous financial district of Makati where David Stanley Redfern’s Lancaster the Atrium Towers can be found. Already the location of choice for serious global investors, Makati benefits from an ever increasing number of business users that flock to the area as multi-national corporations and established Filipino companies take hold.
Off plan prices per m2 in the Makati district grew by 40% in the last 24 months and units in Lancaster the Atrium can come fully furnished, fully managed and ready to rent. With business demand already promising rental yields of up to 12%, an upsurge in tourist arrivals merely presents another reason to invest.
Find out more about Philippines property.
About DSR Asset Management
DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment
Editors Notes:
DSR Asset Management is represented by search engine marketing agency Footprints SEO. Please direct all media enquiries to press@footprints-seo.com or call: +44 (0) 115 8718 175
Tuesday, 20 May 2008
Philippines Property: Internal Sales Increase as External Fall
According to a Reuters Real Estate report, the number of Philippines properties being bought by Filipinos based in the U.S. and other countries has began to fall because of U.S. economic woes, but development continues to grow, as the shortfall is picked up by increasing sales to Filipino's from within the country. This is a massively important report for the Philippines, because it means that the efforts to resolve issues over the distribution of wealth in the country are beginning to pay off.
Most of the development is happening in Manila, specifically in the Makati financial district, and especially high rise condominiums and apartment hotel complexes.
David Stanley Redfern are ideally placed to comment on sales figures for High Rise apartment complexes in Manila's Makati financial district, and Martin Foster, Investment Risk Analyst for the overseas property specialist did just that:
"Our Lancaster Atrium three tower high rise apartment complex is selling like hot-cakes. The first tower was sold out before completion, and having pictures of the finished first tower as visual aides in marketing the second tower, have helped to ensure it has sold just as rapidly. The second tower only has a few of the larger units remaining, and we have started taking advance orders for the third tower."
Martin refers to the Lancaster Atrium, a development of studio, 1, 2 and 3 bedroom apartments in the heart of the Makati financial district. Studio's originally started at £27,500, but prices increased by 17% last month, making the starting price for units in the development around the £33,000 mark. Given the growth in Philippines property, when the third tower comes on to the market it is unlikely you will be able to get a studio apartment for any less than £35,000.
David Stanley Redfern research department have predicted sustained growth of at least 24% per year in the Philippines, for at least the next 5 years. Anyone who wants a studio apartment now will need to wait for the release of the third tower, but would be advised to get in as early as possible before the inevitable price rise.
Find out more about Philippines property.
About DSR Asset Management
DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment
Editors Notes:
DSR Asset Management is represented by search engine marketing agency Footprints SEO. Please direct all media enquiries to press@footprints-seo.com or call: +44 (0) 115 8718 175
Most of the development is happening in Manila, specifically in the Makati financial district, and especially high rise condominiums and apartment hotel complexes.
David Stanley Redfern are ideally placed to comment on sales figures for High Rise apartment complexes in Manila's Makati financial district, and Martin Foster, Investment Risk Analyst for the overseas property specialist did just that:
"Our Lancaster Atrium three tower high rise apartment complex is selling like hot-cakes. The first tower was sold out before completion, and having pictures of the finished first tower as visual aides in marketing the second tower, have helped to ensure it has sold just as rapidly. The second tower only has a few of the larger units remaining, and we have started taking advance orders for the third tower."
Martin refers to the Lancaster Atrium, a development of studio, 1, 2 and 3 bedroom apartments in the heart of the Makati financial district. Studio's originally started at £27,500, but prices increased by 17% last month, making the starting price for units in the development around the £33,000 mark. Given the growth in Philippines property, when the third tower comes on to the market it is unlikely you will be able to get a studio apartment for any less than £35,000.
David Stanley Redfern research department have predicted sustained growth of at least 24% per year in the Philippines, for at least the next 5 years. Anyone who wants a studio apartment now will need to wait for the release of the third tower, but would be advised to get in as early as possible before the inevitable price rise.
Find out more about Philippines property.
About DSR Asset Management
DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment
Editors Notes:
DSR Asset Management is represented by search engine marketing agency Footprints SEO. Please direct all media enquiries to press@footprints-seo.com or call: +44 (0) 115 8718 175
Subscribe to:
Posts (Atom)
Posts
