{"id":36238,"date":"2016-11-28T17:52:36","date_gmt":"2016-11-28T10:52:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-a-philippine-island-be-the-next-singapore-or-hong-kong\/"},"modified":"2016-11-28T18:48:03","modified_gmt":"2016-11-28T11:48:03","slug":"could-a-philippine-island-be-the-next-singapore-or-hong-kong","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-a-philippine-island-be-the-next-singapore-or-hong-kong\/","title":{"rendered":"Could a Philippine island be the next Singapore or Hong Kong?"},"content":{"rendered":"


\nQatar real estate firm has big plans for the Philippines
\nAerial view of tropical islands near Palawan, Philippines. Ekaterina Pokrovsky\/Shutterstock
\nWith white sandy coasts that seem to stretch on forever, and an unbeatable trove of natural resources, the Philippines has been a puzzle to economists: Why aren\u2019t any of its 7,107 islands as economically advanced as Hong Kong, Singapore, or Taiwan?
\nA Qatar-based real estate company is putting that question to the test. Al Nitaq is proposing to lease various islands in the archipelago, the Philippine Economic Zone Authority (PEZA) revealed this week to Gulf News.
\n\u201cThe Shaikh of Qatar has pushed the real estate company to take advantage of the Philippines\u2019 strong economic growth and attractive investment scheme,\u201d said Charito Plaza, director general at PEZA.
\nThese islands will be divided into economic zones, focusing on the fields of agroforestry and agro-industry. Other islands will be set apart as energy centres and tourist destinations.
\nMore: Millionaires\u2019 problem: private beach or private island?
\nThe National Mapping and Resource Information Authority (NAMRIA) has been tasked to identify suitable islands for leasehold by foreign investors.
\nPresident Rodrigo Duterte broached the notion of leasing Philippine islands to foreign entities earlier this year. \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?\u201d he said. \u201cThe jobs will come here. Going abroad must be a choice, not a necessity.\u201d
\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 added.
\nRead next: How Davao became hot property in the Philippines
\n
\nSource : property-report.com
\nRead more…Could a Philippine island be the next Singapore or Hong Kong?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Qatar real estate firm has big plans for the Philippines Aerial view of tropical islands...<\/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-36238","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\/p75ss1-9qu","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":36238,"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":42605,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-trump-to-blame-for-this-philippine-property-chill\/","url_meta":{"origin":36238,"position":1},"title":"Is Trump to blame for this Philippine property chill?","date":"February 2, 2017","format":false,"excerpt":"\r Signs that \u2018America First\u2019 is putting\u00a0office real estate in the country last An IT Park in the city of Cebu, Philippines. Kim David\/Shutterstock Only a week after being sworn into office, US President Donald Trump signed executive orders that impose extreme vetting procedures against citizens of predominantly Muslim nations,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-little-known-philippine-rental-market-is-in-high-demand\/","url_meta":{"origin":36238,"position":2},"title":"This little-known Philippine rental market is in high demand","date":"July 28, 2016","format":false,"excerpt":"\r Beaches are so 2015. Student rentals are where it\u2019s at in 2016, says a business expert Students take a university\u00a0entrance test in the Philippines. Image credit: Bro. Jeffrey Pioquinto, SJ (Flickr) With a coastline that goes on forever, the Philippines easily puts forward its beaches and islands as obvious\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-helped-speed-up-the-philippine-economy-last-year\/","url_meta":{"origin":36238,"position":3},"title":"Real estate helped speed up the Philippine economy last year","date":"January 27, 2017","format":false,"excerpt":"\r Ambitious\u00a0GDP targets already set for 2017 Makati, the financial district of metropolitan Manila. r.nagy\/Shutterstock The property sector played no small part in driving the Philippine economy to one of its fastest growth rates last year. Real Estate, Renting & Business Activities (RERBA) in the Philippines grew 9 percent in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-own-an-island-in-the-philippines\/","url_meta":{"origin":36238,"position":4},"title":"How to own an island in the Philippines","date":"December 6, 2016","format":false,"excerpt":"\r Fancy buying your private paradise? tutkom\/Shutterstock Asked how many islands there were in the Philippines at the 1994 Miss Universe pageant, Miss Philippines shot back: \u201cHigh tide or low tide?\u201d Had Twitter or Facebook existed in 1994, the phrase would likely have caught on, and Donald Trump, who bought\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-could-be-the-dubai-of-the-philippines\/","url_meta":{"origin":36238,"position":5},"title":"This could be the \u2018Dubai of the Philippines\u2019","date":"December 22, 2016","format":false,"excerpt":"\r 500,000 jobs at stake The famous Manila Bay sunset. Sphinx Wang\/Shutterstock After the \u201cSingapore of the Philippines,\u201d here comes the\u00a0country\u2019s version of Dubai. Manila Goldcoast Development Corp (MGDC) is reclaiming three islands in Manila Bay to create Solar City, a 148-hectare mixed-use development that will run entirely on renewable\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\/36238"}],"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=36238"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36238\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=36238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=36238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=36238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}