The Philippines is the fastest growing economy in ASEAN and is a very attractive property investment destination.
The total population of The Philippines is 109 million, with a high growth rate of 1.69% per year. The Philippines and Indonesia are the only countries in Southeast Asia with population of over 100 million.
With the average age of the population at 24 years old, the youthful human resources will serve as key drivers to further the country’s economic growth.
The Philippines’ GDP has been growing steadily for the past 40 years. It achieved a five-fold growth in the last 20 years. Also, the GDP growth rate has remained at about 6% since 2012, except during the pandemic.
Former President Duterte pushed his “build! build! build! program”, a major infrastructure reform. This ambitious project entails the construction of new airports, seaports, and highways all over the country.
This major investment will not only improve infrastructure, it also leads to the development of many industries and increased employment opportunities.
As residential prices continue to rise, we can expect capital gains.
A comparison among major Asian cities shows a higher average yield in the Philippine city of Manila. In addition, the Taguig and Pasig areas, which are high-end areas, have yields in excess of 6%.
A 5-star urban resort hotel residence overlooking Manila Bay.
It is a new hotel residence located in the bay area of Manila, the capital of the Philippines. Banyan Tree, a
five-star hotel brand representing Asia, has entered the Philippines for the first time. In addition to the hotel and residential tower, it is integrated with a large commercial facility of approximately 6,000 sq.m.
Banyan Tree Residences is located in the Bay Area which is a hotspot in the city of Manila.
It is 10-minute drive from Ninoy Aquino International Airport. This is an entertainment district with a famous casino ”OKADA MANILA”, shopping mall “MOA”, amusement park and various other attractions, as well as embassies, government agencies and luxury hotels.
Below are our recommended Philippines listings:
Manila Bay, Tambo Philippines
Lapu Lapu City, Visayas, Philippines
Taguig, Luzon, Philippines
Pasig, Luzon, Philippines