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PH Real Estate Sector Fuelled by Foreign Investments

by: Sarah Joson

Wednesday, January 29, 2014 | Outsourcing News |

According to CBRE Philippines, a renowned commercial real estate services company, the country’s property sector will stay resilient this year as more and more investors are now familiar with the vast opportunities the Philippines has to offer.
 

The BPO sector included in the key propellers of the real estate industry

Rick Santos, Chairman at CBRE Philippines, cited the business process outsourcing sector as one of the key propellers of the real estate industry. 2014 could yield the best market for the local property sector in the last 20 years - whether it be commercial, residential or for office use.  

Santos cited Urban Land Institute’s 2014 report which stated that among the countries in the Asia-Pacific region, the Philippines took the fourth spot, following Tokyo, Shanghai, and Jakarta.

The country is seen as the premier market for office, residential, and retail sectors due to the young demographic and strong economy.


Source:
http://www.abs-cbnnews.com/

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