The Philippines: Strong Growth in Testing Times

Despite the prospect of an economic slowdown -- the result of an increasingly hostile global climate -- strong growth is expected to continue unabated in the Philippines property market.

On Friday, the Philippines Economic Planning Secretary Augusto Santos said he expected annual economic growth to slow between 5.2-6.2 percent in the first quarter as high oil and food prices hit consumption.

Despite this, property prices in the Philippines are being kept buoyant by a huge housing backlog, low interest rates, friendly payment terms, higher incomes of workers in the growing outsourcing industry, and a rising expatriate population.

In particular, the housing backlog of 3.8 million units has left 70 percent of the country’s 90 million population (approx) without their own home. This is the big difference between now, and the property boom before the Asian crisis of 1997-98. The demand for housing is not speculative; it is not investor driven; but rather end-user demand driven -- a specific demand that is being addressed.

Construction is booming across much of the country, especially in Manila, a mostly low-rise city where dozens of residential towers are beginning to dot the skyline. According to David Stanley Redfern research, at least 38,000 new apartments will be available by 2013 in the Makati financial district and in nearby Bonifacio Global City alone.

One such property in Makati is Lancaster the Atrium Towers. Situated in the heart of the central business district the units are keenly priced and offer substantial capital growth. Off plan prices per m2 in this district have grown by 40% in the last 24 months and the property promises higher than average yields of around 12 percent.

With no let-up in demand, the time to invest is now.

Find out more about Philippines property and buying property in the Philippines.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

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© 2009 Footprints-SEO.com

Philippines Property Boosted by Rising Tourism

The Philippines Department of Tourism data shows tourist arrivals from January to April increased by 7.5 percent on the same four months last year.

Tourist arrivals in the Philippines already topped the 3 million mark in 2007, the highest in years, while tourism spending grew by almost 41 percent last year. Yet 2008 looks likely to be an even better year for the Philippines.

In April alone, arrivals were up 4.3 percent on last years figures, a 126% improvement over the 1.9% increase recorded in April 2007. Add to this the possible introduction of a common visa across South-East Asia -- a move expected to streamline tourism to the region -- and the future looks bright for the Philippines.

There is nowhere better placed to profit from this increase than the capital, Manila. Of the 11 cruise ships that arrived in the country throughout January to April; seven of them disembarked here.

It is in Manila; in the prosperous financial district of Makati where David Stanley Redfern’s Lancaster the Atrium Towers can be found. Already the location of choice for serious global investors, Makati benefits from an ever increasing number of business users that flock to the area as multi-national corporations and established Filipino companies take hold.

Off plan prices per m2 in the Makati district grew by 40% in the last 24 months and units in Lancaster the Atrium can come fully furnished, fully managed and ready to rent. With business demand already promising rental yields of up to 12%, an upsurge in tourist arrivals merely presents another reason to invest.

Find out more about Philippines property and buying property in the Philippines.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com

Thailand Common Visa

To boost tourism in the region, Thailand and the Philippines are to push for a common visa amongst Southeast Asian countries.

The move would see a single visa for all 10 member countries of the Association of South-East Asian Nations (ASEAN).

Speaking on Friday 23 May, Philippine President Gloria Macapagal Arroyo said Thailand and the Philippines would jointly push for the common visa when Bangkok assumes the ASEAN chairmanship in July.

In 2007, almost 30 million non-ASEAN tourists visited the 10 countries in the region, which include Brunei, Indonesia, Malaysia, Singapore, Vietnam, Laos, Cambodia, Myanmar (Burma), the Philippines and Thailand.

But Thailand is the region’s top tourist destination, and Koh Samui is the jewel in the crown, enjoying occupancy rates of over 80% year round.

David Stanley Redfern have a number of properties on the island for those looking for a secure and stable investment. The exclusive modern villas in the Maenam Hills, for example, offer manicured tropical gardens and full resort services.

The villas are just moments away from the famously up market Santiburi Golf and Country Club (which boasts a superb course with sea views and a terrifically indulgent spa), the paradise shores of Maenam Beach. The delightful village of Maenam is also within walking distance of the development, and is home to many sophisticated international and authentic Thai restaurants.

With flight links into Samui from Hong Kong, Singapore and Kuala Lumpur and over 20 flights to and from Bangkok every day, Maenam Hills would serve as the ideal luxury home from home for those wishing to travel freely to other countries in the region.

Find out more about property Philippines and buying property in the Philippines.

Find out more about property Thailand and buying property in Thailand.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com

Property investment opportunity in Philippines Manila

Widely revered overseas property investment specialists David Stanley Redfern Ltd have added Philippines to their portfolio of worldwide properties and are now offering affordable capital city based apartments in Manilas central business district of Makati from just £26k.

The Lancaster Atrium is 1 of 3 skyscrapers hosting these outstanding facility filled, fully fitted and ready to rent apartments amidst an expansive corporate environment that’s abundant with established Filipino and multi-national companies, luxury hotels and restaurants and perhaps most notably, the world's first 24 hour floodlit golf course that’s greatly appreciated by many a globe trotting investor who can be found unwinding or networking as they go.

In the 2nd quarter of 2007 the Filipino GDP growth rate hit 7.5%, making it Southeast Asia’s fastest-growing economy and has attracted comparisons with India’s economy in light of its rapidly escalating growth. This ‘best of breed’ real estate promises higher than average yields (circa 12%) and with off-plan prices in the district having grown by 40% over the past 2 years, its evident financial rewards are undeniable.

Foreign investors can own these apartments on a freehold basis too, though leasing to an in-house management company is optional and offers an expected rental yield of around 8%-12%. This highly rewarding investment opportunity certainly proves itself as one not to be missed and with the availability of interest-free credit allowing buyers to reduce their initial outlay and to spread their payments, theses apartments surely won’t be around for too long.

Find out more about property Philippines and buying property in the Philippines.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com