Manila ranks third in ‘Top City Investment Prospects’ in Asia Pacific 2017 survey

In a research conducted by global professional services firm PWC and Urban Land Institute (ULI), Manila ranked third in terms of city investment prospects and fourth in city development prospects this 2017.

MANILA IS EMERGING-MARKET DESTINATION. This data shows the City Investment and Development Prospects in Asia Pacific this 2017. Image grabbed from Emerging Trends in Real Estate Asia Pacific 2017 survey

As per the research, Manila is one of Asia Pacific’s most attractive urban hubs, as it scored 3.68 in the City Investment Prospects, while it scored 3.56 in the City Development Prospects in the Emerging Trends in Real Estate Asia Pacific 2017 survey. Manila beat previous “investor-favorites cities” such as Japan and Australia in the latest survey, with fellow emerging-market destinations Bangalore and Mumbai in India.

According to the survey, “Philippines has attracted positive comment with a vibrant economy led by a booming BPO market and strong remittances from overseas workers.” Furthermore, the survey also mentioned Philippines’ strong points for it to be considered an emerging investment destination: “vacancies remain low, office capital values and rents continue to show good growth, and logistics industry is seeing accelerating demand based on increased consumer sales.”

As stated in the survey, the emergence of these top four emerging-market destinations as the top choices this year (Bangalore, Mumbai, Manila, and Ho Chi Minh) reflects a different mandate—“the quest for yield.” These four cities were rated “generally good,” out of 22 countries, and the rest were rated “fair.”

Source: Emerging Trends in Real Estate Asia Pacific 2017 survey, Inquirer Business