{"id":12548,"date":"2016-05-10T18:27:41","date_gmt":"2016-05-10T11:27:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-things-ph-presidential-front-runner-duterte-could-do-for-real-estate\/"},"modified":"2016-05-10T18:32:16","modified_gmt":"2016-05-10T11:32:16","slug":"5-things-ph-presidential-front-runner-duterte-could-do-for-real-estate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-things-ph-presidential-front-runner-duterte-could-do-for-real-estate\/","title":{"rendered":"5 things PH presidential front-runner Duterte could do for real estate"},"content":{"rendered":"


\nCan the tough-talking mayor improve the property sector?
\nImage credit: Mohd Rasfan\/AFP\/Getty Images
\nWhile 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 an election tainted by unabashed name-calling, black propaganda and multiple conspiracy theories.
\nThe opponents of long-time front-runner Duterte, who was born in the Visayas and grew up in Mindanao, already conceded defeat, the BBC reported.
\nOnce officially declared winner, Duterte will replace outgoing president, Benigno \u201cNoynoy\u201d Aquino III, who is generally credited by analysts as a champion of economic revival and public-private partnership (PPP) projects that helped drive real estate activity in secondary markets outside Metro Manila.
\nAlthough the 71-year-old Duterte has not been very specific about his policies during the campaign period, there are a few things that Philippine real estate professionals should expect from his presidency.
\n1\u2014The Philippines could be home of the next Singapore or Hong Kong
\nIn an interview with the Philippine Star last January, Duterte said he was planning to lease some of the country\u2019s islands (there are around 7,500) to establish the next Singapore or Hong Kong.
\n\u201cIf we can lease our land for military bases, why not lease an island\u2026 to create our own version of Hong Kong, Taiwan or Singapore? The jobs will come here. Going abroad must be a choice, not a necessity,\u201d he said, adding that the buildings and infrastructure owned by multinational corporations should revert to the Philippines after 50 years.
\n\u201cFrom the 51st year to the 99th year, they will pay rental for those buildings and infrastructure from the Philippines, thereby creating the country\u2019s income,\u201d he told reporters.
\n2\u2014Ending crime and corruption could help increase transparency
\nDuterte\u2019s popularity is mainly attributed to his promise to eliminate crime and corruption within the first six months of his presidency, as the Wall Street Journal reminded readers.
\nWhile that ambitious promise remains to be fulfilled, his call to eradicate crime and corruption could improve real estate transparency, which has been categorised as \u201csemitransparent\u201d by Jones Lang LaSalle Philippines.
\nLindsay J Orr, country head of JLL Philippines, told the Business Mirror that the \u201cperceived corruption in the Philippines has affected the country\u2019s transparency rating.\u201d
\n3\u2014Secondary and provincial markets could receive further boost
\nDuterte is likely to decentralise Manila and promote impoverished provincial locations, where he aims to bring prosperity, citing a \u201ccrime-less\u201d Davao as his template.
\n\u201cDavao City is my Exhibit A,\u201d he was quoted as saying last January by online news agency Rappler.com.
\n\u201cBefore a city or province can really prosper, you have to establish order. So that the investors would be coming in, comfortable in their thoughts that there would be no corruption, that they are safe, and that their businesses will prosper.
\n4\u2014Equal opportunity among real estate buyers\u2026 can it be achieved?
\nDuterte received a lot of criticism from various sectors for his offensive or insensitive statements during the campaign period, with some comparing him to US presidential aspirant and real estate mogul Donald Trump (but TIME disagrees). That same trait has also endeared him to his supporters.
\nThe controversial politician was reported to having a \u201csoft spot indigenous peoples\u201d by issuing an anti-discrimination ordinance in Davao City upon learning that Muslims received discrimination from real estate agents.
\n5\u2014Green space ordinance might be implemented nationwide
\nSun Star Davao reported in March that Duterte recently reinforced a city ordinance that requires property developers to allocate 10 percent of green space in residential subdivision development projects.
\nIf he can push Congress to require developers nationwide to follow strict regulations on sustainability and urban planning, then the Philippines would be a greener place.
\nThat is, if he doesn\u2019t abolish Congress.
\nNow read: A look at the Philippines\u2019 emerging real estate markets
\n
\nSource : property-report.com
\nRead more…5 things PH presidential front-runner Duterte could do for real estate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Can the tough-talking mayor improve the property sector? Image credit: Mohd Rasfan\/AFP\/Getty Images While only...<\/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-12548","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\/p75ss1-3go","jetpack-related-posts":[{"id":23599,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-projects-forge-ahead-in-the-philippines-despite-killings\/","url_meta":{"origin":12548,"position":0},"title":"Real estate projects forge ahead in the Philippines despite killings","date":"August 22, 2016","format":false,"excerpt":"\r Healthy growth numbers for property developers amid foreign investor anxiety over extra-judicial killings Duterte remains a controversial figure Domestic real estate businesses in the Philippines have recorded healthy growth trajectories for the first half of the year. Foreign investors, on the other hand, appear to be treading lightly in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippines-duterte-apologises-to-kuwait-for-harsh-words\/","url_meta":{"origin":12548,"position":1},"title":"Philippines' Duterte apologises to Kuwait for 'harsh' words","date":"June 3, 2018","format":false,"excerpt":"\r Tensions cooled last month after the two nations sealed an agreement on workplace safety guarantees for Filipinos working in Kuwait, prompting Duterte to lift the employment ban\r \r Source : arabianbusiness.com\r Read more...Philippines' Duterte apologises to Kuwait for 'harsh' words","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27733,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-dutertes-federalism-could-diversify-the-philippines-property-sector\/","url_meta":{"origin":12548,"position":2},"title":"How Duterte\u2019s federalism could diversify the Philippines\u2019 property sector","date":"September 29, 2016","format":false,"excerpt":"\r The oft-politically incorrect premier is more nuanced than his brash public persona might suggest Incendiary bordering on foul-mouthed; Rodrigo Duterte has been labelled the \u201cDonald Trump of the East.\u201d The comparison between the recently inaugurated president of the Philippines and the presumptive Republican nominee for the US presidency may\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-dutertes-federalist-policies-could-diversify-the-philippines-property-sector\/","url_meta":{"origin":12548,"position":3},"title":"How Duterte\u2019s federalist policies could diversify the Philippines\u2019 property sector","date":"September 29, 2016","format":false,"excerpt":"\r Although notoriously politically incorrect, the leader of the Philippines\u00a0is more nuanced than his brash public persona might suggest Incendiary bordering on foul-mouthed; Rodrigo Duterte has been labelled the \u201cDonald Trump of the East.\u201d The comparison between the recently inaugurated president of the Philippines and the presumptive Republican nominee for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33691,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-the-philippines-think-of-donald-trump\/","url_meta":{"origin":12548,"position":4},"title":"What does the Philippines think of Donald Trump?","date":"November 10, 2016","format":false,"excerpt":"\r With so many comparisons to Duterte, how do Filipinos feel about the new US president? Image: a katz \/ Shutterstock.com With Donald Trump\u2019s victory in the bag, we take a look at Philippine sentiment regarding the new US president \u2013 a man who has so often been compared to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-philippine-president-to-bring-positive-changes-to-real-estate\/","url_meta":{"origin":12548,"position":5},"title":"New Philippine president to bring positive changes to real estate","date":"August 2, 2016","format":false,"excerpt":"\r Rodrigo Duterte\u2019s brand of change is coming? Image: Lean Daval Jr\/Lean Daval Jr\/Reuters The recent election of Rodrigo Duterte as the Philippines\u2019 president will bring positive changes, especially in view of his countryside development plans, infrastructure and agriculture focus, increased government spending and anti-crime priority, according to a recent\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\/12548"}],"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=12548"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12548\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=12548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=12548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=12548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}