International investors eye up manila

The report reveals that Hong Kong and Singapore investors are leading a wave of interest from overseas buyers in the Philippine capital 

"Local developers have poured a significant amount of liquidity with record-breaking capex plans," writes KCM MAG Group Managing Director Michael McCullough, "and overseas interest in the country remains very high. This will lay the groundwork for the country’s future real estate markets."

The report forecasts that the real estate market will improve thanks to the improving economy, in additional to political stability.

"Local property owners may find potential buyers in overseas investors as the fierce competition in Gateway markets could cause a trickle down of excess capital into secondary markets such as Manila," adds the report. "The large amount of capital in the financial system has caused some primary markets to become expensive, whereas Manila’s high rental yield could provide a good alternative for foreign investors with well-thought-out investment strategies.

"In spite of the strong property market growth, Manila still serves as one of the lowest-cost destinations in the Asia-Pacific market. We have witnessed some record-breaking deals and are expecting more to transpire."