A survey called "Emerging Trends in Real Estate Asia Pacific" done by the Urban Land Institute and PwC showed that Manila has emerged as one of the leading real estate investment markets in Asia. Of the 23 cities in Asia included in the survey, Manila got the fourth spot.
Japan was once again the first placer, followed by Shanghai and Jakarta. After Manila took the fourth spot, Sydney closely lagged behind at 5th, Guangzhou at 6th, Singapore at 7th then Beijing, Osaka, and Shenzen.
Manila’s booming business process outsourcing (BPO) industry and rapidly rising economy are parallel to the results of the survey. The improving political environment was cited as a pivotal factor for the robust BPO industry in the country.
Meanwhile, John Fitzgerald, Chief Executive at ULI Asia Pacific, said Manila is emerging as a key player in the Asia-Pacific region due to the continuous progress of the BPO industry, improving consumer spend, and GDP growth. He also noted that the survey indicates strong investor interest for Manila and Jakarta as non-traditional investment destinations.
Other factors that make Manila a premier investment hub are the young demographic, strong talent pool that is familiar with Western culture, and strong capital inflows from overseas Filipino workers.