\nMaking moves beyond Metro Manila<\/p>\n
In Part One of this four-part series, take a look at the rapid progress in the Philippines\u2019 real estate sector, which is being seen outside Metro Manila. Can these secondary markets sustain such growth?
Making moves beyond Metro Manila In Part One of this four-part series, take a look...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-11874","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-35w","jetpack-related-posts":[{"id":18648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-spreading-the-wealth-is-good-for-the-philippines\/","url_meta":{"origin":11874,"position":0},"title":"Why spreading the wealth is good for the Philippines","date":"July 5, 2016","format":false,"excerpt":"\r Duterte\u2019s campaign of decentralisation could reinvigorate the Philippine property market Cebu city, one of the Philippines secondary markets. Image credit: George Parilla (Flickr) With the inauguration of a new president from the provinces, wealth could soon be spreading more evenly throughout the Philippines. In a press briefing early in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cebu-expert-to-discuss-emerging-markets-at-property-report-congress\/","url_meta":{"origin":11874,"position":1},"title":"Cebu expert to discuss emerging markets at Property Report Congress","date":"April 4, 2016","format":false,"excerpt":"\r Jose Soberano III of Cebu Landmasters Inc will impart his local market knowledge at the high-level conference in Makati As we countdown to the Property Report Congress Philippines 2016, we\u2019ll get to know the respected market leaders who will speak at the conference on 7 April at the Fairmont\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-golden-growth-opportunities-for-the-philippine-real-estate-sector\/","url_meta":{"origin":11874,"position":2},"title":"3 golden growth opportunities for the Philippine real estate sector","date":"January 28, 2016","format":false,"excerpt":"\r What\u2019s next for the country\u2019s property industry in 2016? Metro Manila | Image credit: TheStandard.com.ph Given the upward trend witnessed in the Philippines\u2019 real estate sector in the past 12 months, industry experts are optimistic that the growth will be sustained this year. The country\u2019s thriving capital, Manila, saw\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Metro-Manila_TheStandard.com_.ph_.jpg?fit=740%2C482&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-things-ph-presidential-front-runner-duterte-could-do-for-real-estate\/","url_meta":{"origin":11874,"position":3},"title":"5 things PH presidential front-runner Duterte could do for real estate","date":"May 10, 2016","format":false,"excerpt":"\r Can the tough-talking mayor improve the property sector? Image credit: Mohd Rasfan\/AFP\/Getty Images While only unofficial election results have been released as of press time, it seems that Davao Mayor Rodrigo Duterte is set to assume the role of the 16th President of the Republic of the Philippines in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37948,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/phillippine-developers-spice-up-their-provincial-portfolios\/","url_meta":{"origin":11874,"position":4},"title":"Phillippine developers \u2018spice up\u2019 their provincial portfolios","date":"December 13, 2016","format":false,"excerpt":"\r There must be more than this Manila life Masskara Festival in the southern Philippine city of Bacolod. hijodeponggol\/Shutterstock Property developers in the Philippines are innovating on their offerings even as they blaze more inroads into the provinces. Robust investor confidence, coupled with the growth of captive markets in areas\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-metro-manila-remains-phs-real-estate-hub-despite-its-problems\/","url_meta":{"origin":11874,"position":5},"title":"Why Metro Manila remains PH\u2019s real estate hub, despite its problems","date":"May 9, 2016","format":false,"excerpt":"\r \u201cWe\u2019re in a period of transition\u201d The National Capital Region, or Metro Manila, remains the Philippines\u2019 economic and real estate hub In Part Two of this\u00a0four-part series, take a look at the rapid progress in the\u00a0real estate sector in the Philippine capital, Metro Manila When John Forbes, senior advisor\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11874"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=11874"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11874\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=11874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=11874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=11874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAfter a period of remarkable growth during which it has emerged as one of Asia\u2019s most dynamic investment markets, the Philippines is continuing to capture wider attention. Promisingly, it is not just Metro Manila \u2013 the country\u2019s political and economic powerhouse \u2013 that is proving enticing. Other markets such as Cebu, Boracay and Davao on the island of Mindanao are also healthy, despite slower-than-projected economic growth during 2015.
\nAccording to the country\u2019s national statistics authority, real estate and construction constitute a combined share of 18.1 percent of real GDP. Yet, despite green shoots, issues that have traditionally plagued the sprawling island nation such as its creaking infrastructure and lack of transparency continue to be issues.
\nThere\u2019s still plenty of optimism to be found \u2013 much of it related to the prospect of imminent political change with elections slated for May 2016. Candidates and their affiliates have put modernisation at the centre of their platforms.
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\nVice President Jejomar Binay wants to ease restrictions on foreign ownership to improve investment inflows, while Senator Grace Poe believes the tourism industry can further boost the economy and attract investment.
\nManuel \u201cMar\u201d Roxas III has spoken openly about improving infrastructure through public-private partnerships (PPP). Meanwhile, controversial Davao Mayor Rodrigo Duterte has pledged to crack down hard on crime in Metro Manila and around the country. Whilst these stances may not all be related to the property sector, they will all impact the investment climate \u2013 albeit indirectly.
\nOutgoing President Benigno Aquino has come under fire for not following through on his pledges. His championing of PPP projects, however, has been credited as a driver of real estate activity in secondary markets outside the capital.
\n\u201cThose PPP initiatives will be tremendously beneficial in terms of future real estate developments,\u201d says David Young, managing director of Colliers Philippines.
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\nWhile Young says that the Aquino government has given no specific legislative support to the real estate sector, he believes that slick presentation has been important in boosting the confidence of investors. .
\n\u201cThe perception abroad of the Philippines is changing,\u201d he says. \u201cPeople believe that the government wants to introduce transparency and that corruption is being addressed. It\u2019s the whole tone and language that the government has adopted promoting the Philippines of late that\u2019s been important.\u201d
\nYves Luethi, vice-president of marketing and landlord services at KMC Mag Group, an international affiliate of Savills, says the real estate boom can continue, but political commitment is a must.
\n\u201cThere is hope, but there\u2019s no guarantee,\u201d he says. \u201cTheir (the politicians) top priorities should be infrastructure, education and employment creation across all sectors. These factors will then hopefully trickle down to real estate.\u201d
\nWith around 7,500 islands in the Philippines, there are a lot of destinations to go around. And with property markets flourishing everywhere from the far south to the paradise islands in the Visayas, there has never been a better time to explore the options.
\nCome back tomorrow for\u00a0Part Two.
\nThis article originally appeared in Property Report magazine\u2019s issue no. 135.
\n
\nSource : property-report.com
\nRead more…A look at the Philippines\u2019 emerging secondary real estate markets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"