HUGE REAL ESTATE INVESTMENT OPPORTUNITIES IN THE PHILIPPINES

As the global economy climbs out of the COVID-19-induced slowdown, investors are discovering new gems in the Asian property landscape, which has seen shifts in the aftermath of the pandemic. Foremost among these is the Philippines, site of a landmark project by two leading property developers in Hong Kong Land and Robinsons Land Corporation.

Drawing attention of investors is a compelling combination that the Philippines alone can offer at this time, a fast-growing economy, and resilience to external shocks, and a price advantage compared to other Asian locations. These have created a buying opportunity for investors looking for property with a strong upside potential.

Sheila Lobien, chief executive officer of Lobien, believes that “2022 is the best time to invest in Philippine real estate,” pointing out that prices are s?ll low, offering a window of opportunity to investors ahead of an imminent increase in property prices driven by economic growth. “The uncertainty brought about by the pandemic softened property prices but the expected economic recovery is also expected to affect property demand and increase prices,” she said.

Strong demand for residential properties, especially in the condominium rental market in Metro Manila central business districts, as a result of re-opening borders, higher vaccination rates, and return-to-office programs.

The Philippines also gains considerable advantages from being in a demographic sweet spot, with an average age of 23, translating to a strong domestic market and a competent workforce. Moreover, it has an English-proficient, customer-focused, highly trainable and adaptable talent pool to power its economic growth.