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NEWS UPDATES Asean Affairs   January 31, 2018  








PHL property market to attract more Chinese investors in 2018

Property consultancy firm Santos Knight Frank expects more investments in real estate from China amid warming ties between Manila and Beijing and the Philippines’ strong economic fundamentals.

“We’re very optimistic on mainland Chinese investors, whether in the gaming sector, condominiums, office spaces, or into the hotel and resorts sector,” Santos Knight Frank chairman and CEO Rick Santos told reporters on the sidelines of a press briefing in Makati City on Tuesday.

“I think it’s because of the good relations between the Philippines and China. But it’s also because of a strong property market—ability to come here and buy property at reasonable price and get attractive yields. I think the fundamentals of the economy and real estate are rock solid,” Santos noted.

Chinese business process outsourcing (BPO) companies are becoming more interested in the Philippines after seeing the success of Chinese offshore gaming firms.

“More Chinese BPOs are coming in the country as they’ve seen the success in the gaming sector, in POGO (Philippine Offshore Gaming Operator) sector,” Santos said.

“Chinese developers are also optimistic such as China Fortune Land Development ... We see a real influx of mainland Chinese money,” he added.

The property consultancy firm is forecasting more than 1.5 million square meters of leasable office supply will be available in the market this year.

With 8 million foreign tourists, mostly from China, expected to come this year, more than 3,000 hotel rooms are to open in Pasay City’s Bay Area as well as the central business districts of Makati City and Taguig City, according to Santos Knight Frank. —VDS, GMA News


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ASEAN NEWS UPDATES      Updated: 04 January 2011

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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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