Manila

  • Country: Philippines
  • Location features: City

An archipelago abundant in nature, rich in culture, and filled with pleasant discoveries! The worlds second largest (in case you were wondering Indonesia is the largest archipelago in the world).

The Philippines or as its also know the Pearl of the Orient Seas lies 750 miles off main land Asia and consists of 7,107 mostly unoccupied islands, offering some of the finest powder white beaches, magnificent coral reefs and crystal clear waters in the world.

Key Investor Benefits The Philippines

  • Exit Strategy - multiple exit routes for investors selling property, with buyer groups being local Filipinos, expatriate Filipinos (who provide for 10% of thee countries GDP by sending funds to families at home), Chinese, regional expats, Koreans and the Taiwanese. There is also a large American market of expatriate Filipinos. One shining example of the multiple markets for property can be seen with the Triple Skyscraper development in Manila. Tower 1 sold out within 6 months, 60% of the apartments were sold to locals and 40% sold to regional investors - for those looking for a smart investment. You have an exit strategy.
  • Capital appreciation (the Philippines being one of Asia’s stealth climber economies) with the regular benefit of a solid and steady rental income return from expats and Chinese tourists based in the region.
  • The location is ideal - the perfect spot for both tourists and business travellers
  • Tourism figures are on the rise, with growth from China, Taiwan, and expats from SE Asia, Australia and expatriate Filipinos.

Why Invest in the Philippines

The Philippines is renowned for its stunning tropical beaches and is celebrated for its innumerable exotic islands and crystal clear waters. The archipelago of islands known as Palawan and Boracay Island are perhaps some of the most beautiful places on earth.

Tourism on the up
2008 was a highly successful year for Philippines Tourism, with an astounding 18.2 percent growth rate of tourists from the United Kingdom who visited the country from January 2008 until July 2008. This trend will see tourism arrivals from the UK breach the 90,000 mark by the end of 2008.

From the January 2008 to October 2008 compared to the same period in 2007 tourism rose by 3.96%. The highest number for tourist from one country to the Philippines was from Korea with 19.7% share of the total number of tourists for the period Jan 2008 to Oct 2008 - 2,607,118 tourists. Tourism from 2006 to 2007 grew by 8.7%.

The Philippines offers an alternative to other world class tourism markets such as Thailand & Bali. The beaches and waters are of equal beauty and there is exceptional value for money- you can fly to Boracay from Manila for £5.00!

Tourist occupancy rates are highest in the 4- 5 star category with occupancy rates seeing a compelling 75% average over the last 3 years.
Manila has become a central trading post for global companies needing an Asian Hub, mainly located in the Makati the central business district which is home to modern high rise offices and apartments, restaurants and 5 star hotels

 

Area Info Manila


Manila has become the trading post of choice for global companies needing an Asian base. The level of education in the Philippines is excellent, with most locals speaking and writing excellent English. The cost of labour is lower than in other Asian cities and with 3 airports all within 30 mins of the centre of the capital, from Manila you can fly pretty much anywhere, anytime.

Manila is home to the super mall - there are high class malls almost everywhere in the centre, with shops stocked with Prada, Gucci and other international brands, there are also some hyper cool café and lounge bars, sophisticated restaurants and hip night clubs. There are a range of 5 star hotels throughout the city, Hyatt, Shangri La, Intercontinental etc.
Manila is a thoroughly modern Asian city - busy, noisy and absolutely booming!

Facts at a glance - Philippines

Capital: Manila
Land size: 300,000 km2
Population: 90,000,000
Climate: tropical marine (2 months per year rains), temperatures range from 26 to 33 degrees C
Tenure for foreign property purchasers: Freehold for properties under the ‘Condominium Jurisdiction’, leasehold for land or other types of property. Leasing terms vary.
Availability of finance for foreign property purchasers: Developers offer finance for select projects, Philippines National Bank (PNB) currently considering the introduction of mortgage finance for foreigners.

The Philippines is a democratic republic and has democratic relations with many other countries in the world.

The population of the Philippines is mainly Roman Catholic, Filipinos are mostly of Malay descent with a little. Spanish, Chinese and America. This makes for a delightful combination, with Asian influences in culture, food and a great tropical climate mixed with strong Spanish influenced architecture and language.

Philippines Economy

The Philippines is classed and a developing country, and is growing economically and was the fastest South East Asian Economy to recover from the 1997 crisis monitare. It has direct commercial links with main land china. Twain and Hong Kong, this has also made the Filipino Peso soar in value, the Peso is pegged against the US$.

The Chinese have also had a major hand in turning this country an economic power house, in fact the southerly island of Cebu is now unofficially known as the Chinese capital of the region.

The stock market and the currency is one of South East Asia’s top performers. The Philippines also has great natural resources in timber, petroleum, gold & salt).

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