'Why Invest In Philippines Real Estate - Makati' Real Estate  

Noel Pura (203.177.65.114) -

The Philippines is on the verge of a phenomenal future

The Philippine currency has reached a 5-year high in 2007 and continues to be strong and resilient, fortified by the economic management of the current administration.

We are on the verge of the biggest real estate boom in history, set to totally eclipse the 1997 Asian crisis, and fueled by money from Filipino Expatriates, foreign investment, and a strong and bullish economy.

Among the 25 priority infrastructure projects expected for completion by 2010 are the LRT line 1 to NAIA, the P21-billion Subic-Clark-Tarlac Expressway, the P6.9-billion Subic Port development the P1.3-billion North Expressway-South Luzon Expressway connection via C-5 Project, and the Edsa Rehabilitation Project. Six of the major projects are set to be completed by March 2007.

The Philippine Stock exchange hit a nine-year record in 2006, opened in 2007 some 30 percent higher, and continues to be strong.

The overall business climate is upbeat and industry leaders and CEOs perceive that 2007 and 2008 will be even better.

The Philippines has emerged a strong second to India in the global outsourcing market. In 2006, it recorded $3.6 billion in earnings, a 50-percent jump from 2005. By 2010 it is expected to earn as much as $12.2billion.

Big outsourcing players in the U.S. such as Sykes Enterprises, Convergys, PeopleSupport Inc, Accenture, and eTelecare Global solutions have already set up headquarters in the Philippines, and Dell computers recently opened a contact center and is on schedule to open a second one this year. The Philippines is becoming a much preferred option as it has stronger cultural ties to the United States than India, and it is expected to catch up and even overtake India as market leader.

Remittances from Filipino Expatriates have grown to over $1.2billion dollars a month!

A surging demand for real estate is expected to sustain a continued surging growth of the Property industry.

The current economic managers of the country have remained steadfast in pursuing a blueprint for an economically prosperous future.

MAKATI

The City of Makati is the the undisputed financial, commercial, and social center of the entire country.

Known as the business and entertainment capital of the Philippines, Makati is the hub of urban energy and vigor, where a multitude of exhilarating dining establishments, 6 five-star hotels, the hottest nightspots and the country’s most popular shopping malls are located. The city also allows full access to the top schools, churches, the head offices of all the banks and financial institutions, embassies and the Metro Rail Transit (MRT) station.

Century City lies in the very heart of the Philippines’ most exciting city, and it comprises part of Makati’s new Central Business District, the most expensive and most desired real estate in the country.

for more details, pls visit www.condocentralph.com

• www.condocentralph.com

Comment #1 JohnEric from the Philippines (63.176.159.244) -

Besides the business capital of the Philippines, Makati as a profitable real estate investment, there will soon be a new city that will arise from the Manila Bay. It is going to be named the "Bagong Nayong Filipino" which is going to be a modernized gaming and futuristic city which will drive more business and investment to the Philippines. A city like Las Vegas and can even be better with a Filipino touch will sure be a very profitable and successful business in the near future. This majestic design will soon came to materialization through the government's aid and the Philippine Association of Gaming Corporation or PAGCOR.

Vissit PAGCOR's Official "Bagong Nayong Filipino" project here:

(Note: Remove the spaces in between the link)

http://www.pagcor. ph/news/bagong -nayong-pilipino- entertainment-city.php

Comment #2 Philippines Architect (120.28.219.19) -

Philippines construction is on the rise, must be in line with real estate, but lets see if it keeps that way...

• Philippine construction

Comment #3 david nilsson (58.165.56.111) -

I'm an Australian Citizen looking to retire in Phillippines and wanting to buy a house on a bit of land what do you have also what are the requirements for Australian Pensioners retiring in your country.

best wishes

David Nilsson

Comment #4 Melody (63.176.159.233) - 06/28/09 22:48

The Philippines is a great place to retire for many reasons. First is the people, they may be different from ones you may know back home that have become very western. The Filipino is easy going and generally happy. They tend to smile a lot which makes a great change from the sour faces we are used to seeing around us each day. The pace of life is much slower and the attitude to just about every aspect of life is more relaxed. If you want to really get out of the Rat race then the Philippines is the place.

The Philippines is also a relatively inexpensive retirement destination where you can make your retirement dollar really stretch. There are many that are surviving very comfortably on less than $1000 per month. If you have more you can really start to enjoy some Compared to back home the cost of living is much cheaper. You will save heaps on all of the basic including accommodation, food, utilities and transport. Some imported goods can be a little more expensive but if you are prepared to look for local substitutes then you will save even more.

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