The Capital City of the Philippines, Manila is considered as one of the Top Real Estate Investment Market in Asia for the year 2014 according to the latest survey conducted by the Urban Land Institute and PwC.
Manila is ranked fourth out of the 23 Asian cities in terms of city investment prospects as reported by ULI and PwC in “Emerging Trends in Real Estate Asia Pacific” report.
According to the survey report, they attributed the Manila’s rapid rise in the survey to its fast-growing economy, as well as its increasing popularity as a destination for multinational companies for outsourced services.
Topping the list in this year’s Real Estate Investment Market in Asia is Tokyo, Japan, the city regained its status as the region’s most popular destination followed by China’s Shanghai and Jakarta, Indonesia.
Manila climbed higher in rankings as the City previously ranked at the No. 12 spot last year. Based upon the surveys, the investors are increasingly willing to look at emerging markets such as Jakarta and Manila, as alternatives to traditional Asian markets.
“A big mover is Manila, which is up to 4 from 12 last year… We’ve been hearing for a couple of years now the success and impact of the BPO sector, as well as the positive demographics and GDP growth,” John Fitzgerald, ULI Asia Pacific chief executive, said during a presentation on Thursday evening.
Fitzgerald said the survey showed investors are increasingly willing to look at emerging markets such as Manila and Jakarta, as alternatives to traditional markets.
Emerging Trends’ City Investment Prospects ranking, 2014:
1. Tokyo
2. Shanghai
3. Jakarta
4. Manila
5. Sydney
6. Guangzhou
7. Singapore
8. Beijing
9. Osaka
10. Shenzhen
11. Bangkok
12. China’s secondary cities
13. Melbourne
14. Kuala Lumpur
15. Seoul
16. Taipei
17. Auckland
18. Hong Kong
19. Ho Chi Minh
20. Bangalore
21. New Delhi
22. Chennai
23. Mumbai
