Asian Journal- The Filipino-American Community Newspaper

Just when the Philippines’ economy seemed to downspiral back to the dark ages of turmoil and instability—lo and behold, a surge of hope arises and things begin to look bright and sunny on the economic front once more. The Philippine landscape is changing, with  transformations being implemented through a series of construction projects for residential, leisure and office structures in Metro Manila and in the urban areas.

“Investment opportunities in real estate remain high in the Philippines,” CB Richard Ellis Philippines General Manager Trent Frankum said in an article entitled, “Investment opportunities in tourism, mining, and real estate remain high in the Philippines”, posted on their website.

“Foreign investors are looking at the positive effects of increasing tourist arrivals, the business process outsourcing (BPO) boom, and the positive effect of overseas Filipino worker dollar remittances into the country,” he added.

RP’s real estate status

Based on the last update from the Business and Services Statistics Division of the Industry and Trade Statistics Department of the National Statistics Office in the Philippines in 2006, there were 1,480 constructions built which reached an amount of Php 101,777,079 in revenue sales alone. With these in mind, there were 359,718 subsidies recorded since 2003.

On that note, the growth of real estate in the Philippines also made a total of 222,501 employment opportunities rendered through real estate alone.

Developers’ expansion of projects

The Philippines has become a more in-demand market for real estate opportunities due to recent economic trends.  There was a rise in demands for residential housing and office spaces.

To meet the needs of the extensive development in the Philippine real estate scene, most real estate developers now offer quality projects on financing, capitalization, benefiting, and value appreciation of landholdings. Developers, nowadays, are less concerned about expansion of projects in terms of size and are more concerned about improving growth and innovations in their productions.

Like any investment, the Philippine real estate industry has its share of possible risks, especially in terms of finances. The risks may seem overwhelming,  but the rewards you will reap would be well worth it, with real estate prices continuously growing and their values climbing.

Investing in real estate is a gamble that’s almost a sure win. The odds are mostly in your favor and there are big opportunities for your investments to grow.