Is Philippine real estate worth investing in?

Let me briefly introduce the basic situation of the Philippines, urban analysis, developers, supply and demand analysis:

Philippine real estate consultant asked me.

1. Basic information of the Philippines

In recent years, the Philippine economy has continued to grow, with an annual growth rate of 6.5% in 20 17. ADB believes that the Philippine economy will maintain rapid growth in 20 18 and will continue to be one of the fastest growing economies in the world. According to the report released by the Asian Development Bank, thanks to the government's promotion of infrastructure construction and domestic demand growth, the ADB raised the Philippines' economic growth forecast for 20 18 to 6.7% respectively. According to the forecast of the International Monetary Fund, it is expected to surpass Malaysia and Thailand and become the second largest economy in Southeast Asia in 2026. Moreover, 70% of the economic development in the Philippines is driven by domestic demand. Therefore, the prospect of economic development is bright. The rapid economic growth has also improved the purchasing power of residents. Take Manila as an example. Since 20 10, the house price in Manila has been increasing at a rate of at least 6%, and the average house price in Manila has nearly doubled in the past eight years.

In fact, when looking at the economic growth and real estate prospects in the Philippines, there is a very important factor that we can't ignore. This is a huge and young group! !

The Philippines is the twelfth country in the world with a population of over 100 million. And unlike China, which is about to enter an aging society, the Philippine demographic dividend has just arrived. By 20 16, the average age of the Philippine population will be 23 years old. Among them, 14 years old and below accounted for 34.5%, and people over 65 accounted for 3.8%. What is this concept? A large number of young laborers enter the market and promote economic development. This is also the most powerful consumer market, and the demand for housing is very strong.

Street view of Manila

Street view of Manila, according to foreign media reports, Manila, the capital of the Philippines, is one of the most crowded cities in the world. It is estimated that in some communities, about 200,000 people live within a square mile (about 2.5 square kilometers), which is almost three times the population density of Manhattan.

Philippines' 65438th+Billion Citizen'

20 14 On July 27th, a mother held her baby in a hospital in Manila, the capital of the Philippines, celebrating that her child had become the/kloc-0.000000 millionth citizen of the Philippines. The fertility rate in the Philippines is the highest in Southeast Asia, reaching 3.2, higher than Indonesia, 1.8 higher than Myanmar, Vietnam and much higher than Malaysia and Thailand.

The overseas parcel industry in the Philippines has developed rapidly, and now the Philippines has surpassed India to become the capital of the global customer service center. The BPO industry in the Philippines will earn $25 billion, accounting for about 10% of the Philippine economic output value, providing millions of young Filipinos from the bottom with opportunities to join the middle class.

Philippine land is a permanent property right, but foreigners cannot directly own the land. Generally, only 40% of apartments (communities) can be sold to foreigners. Don't worry too much about this. The apartment is also a permanent property right. But if the intermediary company says it can give you the permanent property right of the villa, you should be careful, which is not allowed by law. Usually when people talk about real estate investment in the Philippines, they also talk about investing in apartments.

Another advantage of Philippine real estate is that it is sold according to the usable area, and it is all finely decorated. If you buy a 40-square-meter apartment in China, you may only get a little more than 30 square meters, and the rest are elevators and pools. In Thailand, if you buy a 40-flat apartment, you will get a 40-flat house.

2. Urban analysis

Makati (Makati)

Maccati is one of the cities in Manila metropolitan area, close to the center of Manila. Makati is the traditional financial center of the Philippines, where the largest number of large banks and multinational companies gather in the Philippines. The largest stock exchange hall in the Philippines is located on Ayala Avenue in Makati.

Although Maccati is only the17th largest city in the Philippines, it has always been the traditional financial and commercial center of the Philippines. So a large number of floating population come to work and do business. According to statistics, the total number of local residents is about 500 thousand. On weekdays, Makati has a total population of over 654.38+0 million, making it one of the most densely populated areas in the world!

As the most developed and prosperous region in the Philippines, Maccati has the largest number of skyscrapers in the Philippines. Famous landmarks include PBCOM Building and GT International Building, and famous shopping centers include Ayala Center and Rockwell Center. The Maccati Business Club in this region consists of more than 800 CEOs and senior managers, representing the largest and most dynamic enterprises in the Philippines.

3. The developer's suggestion

Whether you are investing or living in the Philippines, you must choose a big developer. On the whole, the Philippines is not a developed country with sound commercial civilization. Now it is found that China people are rich, and people who do business in this field are even more mixed. You are often cheated at home, not to mention investing overseas in a strange place. The following are the top three developers in the Philippines.

According to the official website of SMDC SM Holding Company, the company was founded by Shi Zhicheng Sr.. After 60 years of development, the initial shoe buyers have become large-scale comprehensive commercial holding groups spanning real estate, retail, banking, tourism real estate, services and other fields. In 2007, SM Holdings also entered China, Xiamen, Jinjiang and Chengdu. SM Holdings has developed into one of the largest comprehensive developers in Southeast Asia, and continues to consolidate this position according to the company's financial report data released on 20 16. Various projects developed by SM Holdings include residential buildings, office buildings, hotels and conference centers.

4. Real estate supply and demand in Manila

By the end of 20 15, there will be about 70,000 apartments in CBD- CBD of several capitals including Maccati, BGC (bonifacio Universal City), Ortiz and Eastwood, and about 30,000 apartments will be built by the end of 20 19. The number of apartments in these core CBD accounts for about 50% of the total apartments in Manila metropolitan area.

By the end of 20 19, the total number of apartments in Manila Greater Capital Region will not exceed 200,000. This figure is far less than that of Shenzhen in 2000.

According to the World Bank and other forecasts, by 20 19, the per capita GDP of the Philippines will exceed US$ 3,400 (equivalent to the per capita level of China in 2008), the middle class will increase substantially, and international investment will increase substantially. According to the analysis of government data, by the end of 20 19, the effective demand for apartments in Manila metropolitan area will reach at least 660,000 sets, and the total market supply will be less than 200,000 sets, which is far from meeting the market demand. It can be predicted that the future real estate market in the Philippines is very bright.

As a real estate speculator in an emerging market in the Philippines, he began to contact real estate in the Philippines from 20 16. So far, several Wenzhou real estate speculators have accumulated some overseas investment experience and wealth by buying pre-sale houses and taking over foreclosed houses. I hope everyone can have the opportunity to exchange experiences, even expand our group and improve our bargaining power with developers.