30 Jan '13, 7am

MUST READ: Boom time for Philippine property industry

The property landscape of the Philippines has experienced robust growth over the last 20 years. Experts see healthy demand for residential and commercial properties in the country, attributed mainly to strong macroeconomic fundamentals, record-low interest rates and confidence in the government. Rick Santos, CEO and founder of CBRE Philippines said: “This is a great time for the Philippines; this is the best market I’ve seen in a long time.” He added that aside from being heavily driven by business process outsourcing (BPOs), the country's tourism sector has also contributed. With economic growth standing at 7.1 percent last year, the Philippines is experiencing a property boom like no other, said Santos. This encompasses housing projects, office buildings, hotels and new malls. Last year, demand for office space hit 425,000 sq m, 18 percent more than the annual average de...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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@michasilayan good time to invest

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