Disruptive impact of the Chinese buyers on the real estate market in the Philippines: a double-digit growth is expected in 2019

Buyers from mainland China had dominated residential sales in the Philippines amid improving ties between Manila and Beijing, real estate services firm Leechiu Property Consultants said.
According to the same source LPC, the Philippine property market is expected to achieve double-digit growth this year, with real estate values seen scaling all-time highs across all sectors.

As a real estate investment and property management firm, we can furthermore report some significant changes in the residential lease market, coming together with a strongly increasing demand of staff housing from many Chinese companies who are establishing and developing their businesses in the country.

Market prices of the properties are still mostly driven by the developers and now from Chinese cash buyers, but the time for a more mature market is probably about to happen, specially in the areas and territories where the lands are fully developed.

For any information, our company is providing independent advisory on the market and offer direct and full property management to investors.

admin@helyos.com.ph

Sources:

http://www.pna.gov.ph/articles/1064886

https://www.philstar.com/business/2019/03/19/1902780/mainland-chinese-overtake-ofws-top-buyers-philippine-residential-market-report

Oxford Economics: 10 emerging markets will dominate the global economy in the next decade 2019-2028

• Most of the top 10 fastest growing emerging market economies are in Asia, in line with expectations that the region is the future of the global economy.
• The Philippines is set to have the highest increase in its labour force of any of the top 10 which, alongside its GDP growth of 5.3% which is following only the top performer India.

Source: Business Insider

Data: Oxford Economics

A wave of governments placing restrictions on foreign real estate investors

New Zealand became the latest in a wave of governments placing restrictions on foreign investors, joining countries like Denmark and Switzerland, which have long restricted real estate investment by non-citizens.

Other countries taking similar measures in recent years include Australia, the Canadian provinces of Ontario and British Columbia, Singapore. Britain is considering adding a 1 percent tax on home purchases made by non residents, and Malaysia is also eyeing new levies.

Restrictions like these have led to slower growth in many of the areas that have adopted them.

The Philippines are currently opened to foreign investments and are about to ease the foreigners’ business. Catch the right time and get in touch: admin@helyos.com.ph

For details about the mentioned news, source is the New York Times: Read More…

Metro Manila Subway breaks ground now!

As announced last June 2018, Metro Manila Subway breaks ground and is expected to be completed by 2025, but partial operation of the first three stations is set in 2022.

The big-ticket project has a total loan financing requirement of P259.6 billion (on a total estimated cost of almost P360 billion), the biggest amount committed by the Japan International Cooperation Agency (JCCA) to a single country.

Japan financing the first Subway in the Philippines

ABS-CBN : Manila Subway

PHILSTAR : https://www.philstar.com/business/2019/02/27/1897181/ground-broken-first-metro-manila-subway

The Philippines are upgrading Corporate Law

It was time to upgrade the existing 38 year old Corporate Code and it will be now easier to do business in the Philippines.

The amended Corporation Code allows the formation of a corporation by a single person and grants a perpetual corporate term, plus some minor but significant rules which make easier the corporate governance and operations.

For details click here

Future of payments

Chinese payment giants are lightyears ahead

Philippines rank 2018 No. 1 Best Country to Invest In

According to US News & World Reports, the Philippines ranked number one destination for investment in 2018.

More than 7 thousand islands in the Southeast Asian area comprise the tropical nation of the Philippines.

With more than 100 million people, it’s the 13th most populous nation in the world.

English in an official language used in the schools; the country is the third-largest group of English speakers in the world.

Religion is marked by a 92% large majority of people being adherents of the Christian faith.

The Philippines are a member of major international organizations, including the UN, the ASEAN and the WTO, among others.

As an emerging economy, it stands out of the Southeast Asian countries with stable and solid macroeconomic fundamentals, together with remarkable GDP growth during the last years.

GDP is mostly given by remittances from Overseas Filipino Workers, Real Estate and Business Process industries, with strongly growing Tourism.

It’s currently a stage of huge investments for the Country’s infrastructures and it’s opened to direct foreign investments.