Archive for December, 2012

BPO as the Property Driver in Philippines

The Business Process Outsourcing (BPO) industry in the country is continuing to rise, and  demand for commercial and office space is also growing.

Vice President Jejomar C. Binay, chairman of the Housing and Urban Development Coordinating Council (HUDCC) said that they expect the Philippine real estate firm to rise  further because of the BPO industry’s speedy growth and of course there will also be demands for residential units that are close to employment sites.

Philippines: A rising Star For Real Estate Investment

Based on ABS CBN news, the appeal of Philippine investment is actually growing for property investment and development. This are from the results of just recent study, Emerging Trends in Real Estate 2013, accomplished by PricewaterhouseCoopers (PwC) along with the Urban Land Institute (ULI). Around 400 industry experts who give feedback in 22 cities around the Asia-Pacific region and Manila was graded as number 12 top investment destinations.

With regards to property shareholders, Indonesian capital Jakarta was the highest followed by Shanghai and Singapore. Manila is goes up for six positions coming from eighteenth place. In the previous years the location has completely outclassed merely decrease ranks from the study because this year, Philippine capital had beaten Tokyo, as well as Seoul as a leading in investment destination.

Philippine Economy Gets a 7.1% Boost

In the third quarter of the year, the Philippines made its mark as the best performer in Southeast Asia by growing a massive 7.1%. This is the strongest recorded growth in Asia during the period after China’s.

Socioeconomic Planning Secretary Arsenio Balisacan said the value of goods produced and the solutions delivered resulted to more jobs and better earnings for Filipinos. “We are well on our way to going above our set target of 5 to 6 % in 2012,” he says.

In the third quarter, agricultural output and recovery in exports jumped, contributing to 1.3% of economy’s rise in the July-September quarter from April-June. This was three times faster than economic experts had estimated.