AN INVESTMENT PROPOSITION Why invest in the Philippines? The Philippines, under the Aquino administration, has become one of the most resilient economies in Asia despite the economic slowdown that can be seen across the region. The Philippines has been overperforming so to speak. While some countries have reduced their growth forecasts, the Philippines on the other hand have exceeded growth expectations set initially at 5% - 6% by registering an actual growth rate of 7.8%. This is primarily because of a robust domestic spending and increased credit rating for the country not to mention the increase dollar influx mostly from Overseas Filipino Workers and the feverish growth in the Business Process Outsourcing sector. This growth is seen to continue with the planned increase in infrastructure spending and a second wave of government policy restructuring that would be more investor friendly. Why invest in Cebu? * It is not just a promise or potential, Cebu demonstrated its capability with an excellent economic track record. * It is the second largest city and fastest growing economy in the Philippines. * Cebu’s export growth rate for the past 5 year has averaged close to 20 percent considerably higher than that of the country and any other province in the Philippines. * It leads the country in export items such as furniture, fashion accessories, carrageenan and gifts, toys and housewares. * It is the most accessible place in the Philippines, with more domestic air and sea linkages than Manila. * Cebu is base to over 80 percent of inter-island shipping capacity in the Philippines. * Cebu is the Tourism Gateway for the Central and Southern Philippines. * It is not in an earthquake zone or typhoon belt, nor are there volcanoes in the island. * Cebu has one of the best records for peace and order in the country. * Its labor force is oriented towards non-agriculture lines and is one of the most productive in the country. * The development of its infrastructure is balanced; it has all the ingredients necessary to be competitive and sustain investments. It is a cosmopolitan with all the support facilities and amenities needed for an ideal lifestyle. Why Invest in the Property Market? The Philippines has a prime up-and-coming property market generating a lot of foreign interest. The most popular regions for international investors tend to be major cities such as Makati CBD, Bonifacio Global City, Taguig, and Ortigas Central Business District, Cebu and Davao, which have growing financial, cultural and tourist industries. • Annual property growth is between 15% to 30%. • Philippines has a low cost of living compared to other countries. • Strong Peso has reached a 5-year high since 2007 • Surging in the biggest real estate boom in history, fueled by money from Filipino Expatriates, foreign investment and bullish economy • Huge spending on public infrastructure projects • Formidable record at The Philippine Stock Exchange – 30% higher since 2007 • Second to India in the global outsourcing market – US$3.6 billion in earnings • Remittances from Filipino Expatriates have grown to over US$1.2 billon a month • Attractive Rental Yield Returns (7+%) Sources: a.) philstar/business/2013/07/10/963884/imf-exec-philippines-economic-growth-momentum-high b.) Lifted from capitol.tugkaran/why-invest-cebu/ c.) Lifted from dayritproperties/2012/08/should-you-invest-in-philippines-property/
Posted on: Mon, 19 Aug 2013 00:07:54 +0000
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