5 Best Investment Locations in the Philippines for Investments
With the coming of real estate investment trusts (REITs) in the Philippines, it’s now more important to study the Philippines’ top real estate investment possibilities and if they live up to their potential for investors in the long run.
The REIT is a new asset class (akin to stocks), expressing shares of property investments that can be traded on an exchange. This allows the Filipino people to own a stake in high-value real estate assets in the country, without buying the assets themselves.
However, real estate developers are also setting their eyes on locations outside of Manila. This move not only helps decentralize and lessen the nation’s capital, but it also helps put the spotlight on other locations that are expected for further growth shortly in the near future.
Thanks to big-ticket infrastructure projects and other industrial campaigns, you can expect future REITs to seed their portfolios with properties from the following places.
Cagayan de Oro
Known as “the Gateway to Northern Mindanao”, Cagayan de Oro continues to be one of the most convenient cities in Mindanao due to its proximity to international land and sea transportation. It is fast becoming a popular location among property developers, especially due to its sustained economic growth.
While it is known for its kapeng barako, its beaches, and diving destinations, Batangas also remains to be a major manufacturing and shipping center. As a neighborhood, it provides the peace of mind of countryside living within relative proximity to Manila, which can help direct the huge housing backlog for an expanding middle-class market.
While Batangas currently claims affordable real estate properties, these are considered high-value developments that will gain high returns in the coming years. Thanks to a comprehensive development plan, which covers education, health, housing, and economic growth, Batangas is expected for further growth in the next 10 years.
Cavite boasts of fairly priced real estate properties and has the makings of a commercial business district (CBD). There is a wealth of career possibilities courtesy of BPO-IT companies, multinational corporations, and other industrial locators. Major malls, supermarkets, and other business establishments are also easily accessible. It is also close to the beaches and resort places of Batangas, Laguna, and Quezon Province.
Mindanao’s main trade, commerce, and industry hub have big plans for the immediate future. Improvement in the manufacturing and services sectors have bolstered the city’s strengths as an agricultural and fisheries hub; Davao earned some P286 billion worth of investments in 2019, up from 2018’s P279 billion.
The upward trend is seen to continue, due in part to an influx of infrastructure projects: the P19.8 billion Davao City Coastal Bypass Road, the Mindanao Railway, and the Davao Airport redevelopment project, among others.
Iloilo, known as “the Gateway to the Visayas,” is one of the fastest rising cities in the Philippines in terms of competitiveness and governance. Iloilo boasts of abundant natural resources and holds a firm position in commercial trading. The real estate market is currently adjusting to accommodate demand from foreign and domestic locators, so there remains plenty of room to develop office, residential, and commercial real estate in Iloilo.
Investing in real estate is all about finding the right opportunities in the right locations. If you are interested in finding the best real estate investments outside of Metro Manila, you can ask for more recommendations at the Italpinas website.