Recognized as one of the most powerful markets in the Asian properties sector, the Philippine property industry is driven by way of a healthy economic growth that's fueled by a powerful influx of direct foreign investments. Investor confidence in the Philippine properties sector may be directly related to reforms initiated and implemented by the country's government CBD dispensary. Additionally, the Philippines has had the oppertunity to attain a higher GDP rate notwithstanding global recession and one of the reasons behind this is an active construction industry and high amount of OFW remittances. Apart from that, good credit ratings achievement and political stability has also helped to create a viable economic environment. Consequently, investor and buyer confidence reaches its peak, and demand for office space in major business districts in Metro Manila, the country's national capital region, is on the rise, along with demand for residential space and condominiums. Most of the buyers in the Philippine property industry also recognize that investment in property is a wonderful method of accumulating assets and wealth and that a keen eye for selecting the most appropriate location of properties to put an investment in determines the viability of this investment. Permanently investment opportunities in Manila property, the next business districts are seen by many as a good pick:
Makati CBD
The Makati Central Business District serves because the financial center of the Philippines and plays host to many multinational corporations. Since the oldest business district in the country, Makati CBD is home to the greatest percentage of companies looking to have an office space in this prestigious location. Because of the high density of corporations seeking to lease office space of this type, premium office space yield range from 7.5% to 11%, respectively.
Ortigas CBD
The Ortigas Central Business District is known to really have the lowest vacancy rate for premium office space, which runs at 3.6%. Compared to Makati, Ortigas offers a better rate which could get around 30 - 35% lower. The same holds true for residential space that can be found in the area. Since Ortigas is in the center of Metro Manila, it has got the added advantage to be more accessible to employees of corporations holding office in the area. The facilities obtainable in this location is just like those who is found in Makati, making it a more viable option for those who are buying a top notch business location.
Fort Bonifacio
Also referred to as Global City, Fort Bonifacio currently has the greatest rate for both price and yields for office and residential space, more particularly for condominiums, with prime yields running between 6.0% to 8.0%. This area posseses an increasingly higher level of property activities, which shows that both investors and buyers are willing to locate in the region despite the larger costs.
Entertainment City
Entertainment City Manila, officially referred to as PAGCOR Bagong Nayong Filipino is a continuing development within an 8 square kilometer strip in the Manila Bay Reclamation area. Independent of the major companies which have tied up with the us government to develop the region, various investors and developers have ventured into property business in and around Entertainment City. Apart from catering to local demands for residential living space, the present property activities in the region is also in anticipation of the projected tourism boom following the Entertainment City has been completed.
Alabang CBD
Alabang in Muntinlupa City is recognized as one of Metro Manila's foremost business and financial districts. The area's development as a small business center traces its in the past in 1970's each time a renowned property developer and business conglomerate in the Philippines started to develop a vast section in the locality as a premiere residential hub, developing along with it a small business park, thus providing a great incentive for businessmen to relocate and do business in the area. Other developers has since that time took notice of the potentials of Alabang being an excellent location for investment in top industries. By date major players in the BPO industry, property industry, manufacturing industry, along with many other sectors have business interests in the locality.
