{"id":23599,"date":"2016-08-22T17:09:05","date_gmt":"2016-08-22T10:09:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-projects-forge-ahead-in-the-philippines-despite-killings\/"},"modified":"2016-08-22T17:17:35","modified_gmt":"2016-08-22T10:17:35","slug":"real-estate-projects-forge-ahead-in-the-philippines-despite-killings","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-projects-forge-ahead-in-the-philippines-despite-killings\/","title":{"rendered":"Real estate projects forge ahead in the Philippines despite killings"},"content":{"rendered":"


\nHealthy growth numbers for property developers amid foreign investor anxiety over extra-judicial killings
\nDuterte remains a controversial figure
\nDomestic real estate businesses in the Philippines have recorded healthy growth trajectories for the first half of the year.
\nForeign investors, on the other hand, appear to be treading lightly in the country amid the spate of killings allegedly being carried out by law enforcers and vigilantes under President Rodrigo Duterte\u2019s polarising \u201cwar on drugs.\u201d
\nIn a forum on Thursday, the European Chamber of Commerce of the Philippines revealed a sense of \u201chesitation\u201d among potential investors in the country, which lured USD5.724 billion in foreign direct investments last year.
\n\u201cThis is basically what we see and what we feel when we talk to international business trying to set up in the Philippines,\u201d chamber president Guenter Taus told the Nikkei Asian Review. \u201cEverybody waits and sees what the human rights commission comes up with.\u201d
\nDuterte has been engaged in recent days in a verbal imbroglio with Senator Leila de Lima, the former commissioner on human rights, over drug trade in Philippine prisons.
\nMore: 5 things the Philippines\u2019 presidential front-runner Duterte could do for real estate
\nIn an assessment of Duterte\u2019s first 50 days as president, Taus expressed more optimism, telling the Philippine Star that his administration shows a propensity for \u201ccreating change.\u201d
\nShowing a rosy outlook at the final months of the year, property developer Ayala Land is looking to infuse PHP40 billion (USD858 million) into the residential market, matching its outlay for the first half of the year. Real estate and banking drove H1 net profits of the Ayala conglomerate to a 32.4 percent growth, the Nikkei Asian Review reported.
\nRival conglomerate SM Investments also finished the first half strong with an 11.12 percent rise in net income, driven by its property, retail, and banking arms.
\nDuterte, the \u201cmost powerful Philippine president in recent memory,\u201d has been accused of 1,800 casualties in an extra-judicial crusade against drug trafficking that has drawn rebuke from the United Nations and other international organisations.
\nThe following video sees Duterte questioned on the topic of the killings:<\/p>\n

Read next: New Philippine president to bring positive changes to real estate
\n
\nSource : property-report.com
\nRead more…Real estate projects forge ahead in the Philippines despite killings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Healthy growth numbers for property developers amid foreign investor anxiety over extra-judicial killings Duterte remains...<\/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-23599","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\/p75ss1-68D","jetpack-related-posts":[{"id":26951,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-philippines-is-taking-a-glass-half-full-attitude\/","url_meta":{"origin":23599,"position":0},"title":"The Philippines is taking a glass half-full attitude","date":"September 23, 2016","format":false,"excerpt":"\r Asia\u2019s overall sentiment is improving, but why are Filipinos so optimistic? 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Rawpixel.com\/Shutterstock Risks from volatile oil prices and the impending US presidential election are bearing on the minds of investors worldwide, but optimism has been on the rise\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26061,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/booming-philippine-property-market-inspires-confidence-among-expat-investors\/","url_meta":{"origin":23599,"position":1},"title":"Booming Philippine property market inspires confidence among expat investors","date":"September 14, 2016","format":false,"excerpt":"\r The overwhelming majority of Filipinos in the UAE are optimistic that the property sector in their home country is rapdily improving, according to a new survey.A poll conducted by New Perspective Media (NPM), the organisers of the annual Philippine Property and Investment Exhibition, showed that 98 per cent of\u2026","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":23599,"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":23599,"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":11874,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-look-at-the-philippines-emerging-secondary-real-estate-markets\/","url_meta":{"origin":23599,"position":4},"title":"A look at the Philippines\u2019 emerging secondary real estate markets","date":"May 3, 2016","format":false,"excerpt":"\r Making moves beyond Metro Manila 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. 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