{"id":27733,"date":"2016-09-29T13:08:31","date_gmt":"2016-09-29T06:08:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-dutertes-federalism-could-diversify-the-philippines-property-sector\/"},"modified":"2016-09-29T13:12:01","modified_gmt":"2016-09-29T06:12:01","slug":"how-dutertes-federalism-could-diversify-the-philippines-property-sector","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-dutertes-federalism-could-diversify-the-philippines-property-sector\/","title":{"rendered":"How Duterte\u2019s federalism could diversify the Philippines\u2019 property sector"},"content":{"rendered":"


\nThe oft-politically incorrect premier is more nuanced than his brash public persona might suggest
\nIncendiary bordering on foul-mouthed; Rodrigo Duterte has been labelled the \u201cDonald Trump of the East.\u201d
\nThe comparison between the recently inaugurated president of the Philippines and the presumptive Republican nominee for the US presidency may however be a lazy one.
\nHis well-documented support for indigenous minorities, tolerance for marriage equality, and conciliatory approach to communist insurgents are not exactly what one might class as reactionary. Duterte is believed to have signed a landmark anti-discrimination ordinance in his native Davao City, where he was mayor for 22 years, after hearing that real estate agents were inconveniencing Muslim clients.
\nThe self-styled \u201cmayor of the Philippines\u201d rode high on a platform of decentralisation, nay salvation, from the long-standing, lopsided allocation of economic resources to \u201cimperial\u201d Manila and the traditional elite based there. The first president to hail from the southern island of Mindanao, Duterte intends to set the country on course toward a federalist government.
\nMore:\u00a0What will become of Trump Tower Manila if Donald Trump is banned from the Philippines?
\nPart of the campaign\u2019s strategy hinged on Davao being a model for successful urbanisation. According to research by CBRE, national property developers have trained their sights over recent years to Davao and also Cagayan de Oro, Cebu, Bacolod, and Iloilo, as investment hubs outside Manila and its parent island Luzon.
\nDuterte\u2019s aversion to criminality has played out with harrowing verisimilitude in Davao, where some 1,400 people have perished in suspected vigilante killings
\nJulius Guevara, director for research and advisory at Colliers International Philippines, attributed this shift to Manila outgrowing its infrastructure.
\n\u201cIt is bursting at the seams so it\u2019s very apparent that we have to focus development elsewhere. Alternative cities have to be pursued, and these have to be designed very well,\u201d he said.
\nReal estate giant Ayala Land has so far ploughed PHP10 billion (USD212 million) into Davao, while MegaWorld Corp will pour in PHP15 billion (USD318 million) over the next five to seven years to develop a new business district in the city. Condominium sales in the city have been on the rise: 2,000 units, at most, per year, Guevara estimated.
\n\u201cIt\u2019s comparatively a smaller market (than Manila), but with the shift of the centre of gravity to Davao, that might increase,\u201d he said, noting that hotel occupancy rates in the city almost topped 100 percent after Duterte\u2019s win.
\nDuterte\u2019s aversion to criminality \u2013 he vowed to \u201cfatten the fish\u201d in Manila Bay with the carrion of outlaws \u2013 has played out with harrowing verisimilitude in Davao, where some 1,400 people have perished in suspected vigilante killings.
\nHowever, these tough security ordinances, plus a sophisticated video surveillance system, have reportedly emboldened many Davao residents to leave their homes and vehicles unlocked. Such are the contrasting sides of Duterte\u2019s controversial approach.
\nMore:\u00a0Real estate projects forge ahead in the Philippines despite killings
\nThese fastidious levels of crime-prevention seem to be in lockstep with the brisk expansion of business process outsourcing (BPO), an industry characterised mostly by night shift work. Outsourcing consultancy Tholons has identified nine of the world\u2019s top 100 BPO destinations in the Philippines. He has also suggested leasing small islands to multinational corporations, creating \u201cversions of Hong Kong, Taiwan, or Singapore.\u201d
\nDuterte has repeatedly vowed to shine light upon the Philippines\u2019 infamously opaque governance. He plans to short-circuit graft by rolling out a 70-day deadline on processing business permits. Still, he is not above criticism for his own, allegedly shady, dealings. Duterte has grappled with allegations that he owns some 40 ill-gotten pieces of real estate. He also controversially appointed Mark Villar, whose family owns property development titan Vista Land, to the post of public works adviser.
\nProgressives, however, have welcomed some other cabinet choices: Gina Lopez, an activist against illegal mining operations, for environment adviser, and Rafael Mariano, chairman of a militant farmers\u2019 union, for agrarian reform adviser among the most notable.
\nIn a departure from the previous administration, Duterte will champion foreign investment over public-private partnerships
\nInitial signs indicate that under Duterte\u2019s presidency a \u201cgenuine agrarian reform\u201d bill could be signed into law and redistribute the country\u2019s vast fifedoms to poor tillers. Time will tell if such moves fall foul of stalling efforts by the country\u2019s powerful elite, many of whom, including the family of previous president Benigno Aquino, own prime tracts of land.
\nAccording to Claro Cordero, head of research and valuation at Jones Lang LaSalle Philippines, addressing the morass of land titling in the country could prove vital in attracting investors. \u201cConsistent implementation and coordinated policies on land use planning and design would certainly help,\u201d he said.
\nMore:\u00a0Duterte\u2019s election is encouraging overseas workers to invest in the Philippines
\nDuterte has made addressing the crumbling infrastructure in the Philippines a top priority. In a departure from the previous administration, he will champion foreign investment over public-private partnerships to bankroll his big- ticket infrastructure projects, which includes Mindanao\u2019s first railway network.
\nAt a press briefing in June, Rick Santos, chairman of CBRE Philippines, commended Duterte\u2019s railways projects, saying they will \u201cdiversify points of development of the country from its existing concentration in Metro Manila.\u201d
\nThe general view outside the Philippines may be focused on Duterte\u2019s hard-line instincts when it comes to crime \u2013 and there\u2019s no doubt that his prevention methods have major implications for human rights. However, with some considered policies quietly proceeding as the president continues to trash talk, it could be that there is method to his madness.
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\n
\nSource : property-report.com
\nRead more…How Duterte\u2019s federalism could diversify the Philippines\u2019 property sector<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The oft-politically incorrect premier is more nuanced than his brash public persona might suggest Incendiary...<\/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-27733","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\/p75ss1-7dj","jetpack-related-posts":[{"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":27733,"position":0},"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":90430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippines-duterte-apologises-to-kuwait-for-harsh-words\/","url_meta":{"origin":27733,"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":27719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-dutertes-federalist-policies-could-diversify-the-philippines-property-sector\/","url_meta":{"origin":27733,"position":2},"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":27733,"position":3},"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":23599,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-projects-forge-ahead-in-the-philippines-despite-killings\/","url_meta":{"origin":27733,"position":4},"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":85348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippines-president-to-visit-kuwait-after-worker-row\/","url_meta":{"origin":27733,"position":5},"title":"Philippines President to visit Kuwait after worker row","date":"April 12, 2018","format":false,"excerpt":"\r Rodrigo Duterte to seal a labour deal, in a sign of easing tensions after a diplomatic row\r \r Source : arabianbusiness.com\r Read more...Philippines President to visit Kuwait after worker row","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\/27733"}],"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=27733"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27733\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=27733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=27733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=27733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}