Monday, March 4, 2013

Philippine property continues to show strong demand

Over 150 units were sold at PropertyGuru’s second Philippines Property Show (PPS) held at Marina Bay Sands Convention Centre in Singapore recently.

The exhibition, which showcased some of the most luxurious properties in the country, also featured educational seminars on the latest trends and opportunities in Philippine property.

Philippine Ambassador to Singapore, HE Minda Calaguian-Cruz, graced the event.

Singaporeans are showing greater interest in overseas property, buoyed by the strong Singapore dollar and recent cooling measures. More than 1,100 local and overseas property investors participated in the two-day event with roughly 12 percent of them purchasing units.

“With Singapore property sales prices peaking, investment sentiment might drive a bearish market to shift investors’ focus overseas to tap into new real estate opportunities. This is particularly true with the current situation where investor sentiment in the Singapore property market is increasingly negative amongst first-time home buyers and for current HDB owners seeking to upgrade to private property,” said Steve Melhuish, Co-Founder and Group Chief Executive Officer of PropertyGuru.

“An open, liberalised and business-friendly economy coupled with the development of key infrastructure to enhance connectivity to major Asian cities has made the Philippines a choice destination for overseas investors.”

Philippine properties are "far cheaper than (those in) Singapore and key Asian cities, and offer the prospect of greater returns to investment brought about by comparatively high rental yields", he added.


Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)
Email: marshe_inc@yahoo.com.sg

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