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Dec 24 18, 11:14 am

PH suspends termination of Visiting Forces Agreement with USA

The Philippines' Department of Foreign Affairs (DFA) has announced that it's suspending the termination of the Visiting Forces Agreement following political and other developments in the region. The DFA statement specifies that the suspension shall continue for six...

Wuhan finds no new COVID-19 cases in city-wide testing

(WAM) — China’s Wuhan city, found no new cases of coronavirus disease (COVID-19) in its city-wide testing that began in mid-May, according to Reuters. The city launched its ambitious campaign on May 14, testing 9.9 million people after a cluster of new cases in the...

Analysts say Manila is next best location for property investment

by | Feature, Property

Dec. 24, 18 | 11:14 am

Citing a recent report by property consultancy firm Knight Frank based on data between 2010 and 2016, the South China Morning Post has reported that by 2020, Manila would record a 19.1 percent growth in prime office rents, surpassing other top performers like Brisbane (16.5 percent), Singapore (15.8 percent), Bangkok (11.4 percent) and Hong Kong (10 percent).

The SCMP report stated that economic growth in the Philippines hovering at up to 7% in the past five years was brought about policies and incentives that attracted foreign investors as well as a steady inflow of remittances from overseas Filipino workers, which in turn, supported the country’s property market – specifically, the office sector in Metro Manila.

“The (Philippine) office property market is very healthy. There’s less than 5 percent vacancy rate in (most of Metro Manila’s) central business districts,” the report quoted Kash Salvador, associate director for investment properties and capital markets at Santos Knight Frank, the Philippine branch of Knight Frank as saying.

Salvador said Manila had the third lowest vacancy rate of the 20 prime office markets in the region, adding that expanding business process outsourcing (BPO) and online gaming industries were the key demand drivers.

The report however said that despite such upbeat forecast, there are deterrents that can turn off potential investors from venturing in Metro Manila, among them thre chronic traffic congestion problem.

A Boston Consulting Group study published in November found that next only to Bangkok and Jakarta, Metro Manila had the third worst traffic in Southeast Asia, with motorists and commuters stuck in traffic for an average of 66 minutes daily,” the SCMP report said.

But, it added, analysts said the government’s infrastructure program like the Mega Manila subway – the country’s first underground railway, can help decongest Metro Manila.

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PH suspends termination of Visiting Forces Agreement with USA

PH suspends termination of Visiting Forces Agreement with USA

The Philippines' Department of Foreign Affairs (DFA) has announced that it's suspending the termination of the Visiting Forces Agreement following political and other developments in the region. The DFA statement specifies that the suspension shall continue for six...

Wuhan finds no new COVID-19 cases in city-wide testing

Wuhan finds no new COVID-19 cases in city-wide testing

(WAM) — China’s Wuhan city, found no new cases of coronavirus disease (COVID-19) in its city-wide testing that began in mid-May, according to Reuters. The city launched its ambitious campaign on May 14, testing 9.9 million people after a cluster of new cases in the...

Filipino frontliner couple from Sharjah braves through COVID-19

Filipino frontliner couple from Sharjah braves through COVID-19

Stories of successful recoveries from Filipinos in the UAE continue to inspire not only those who have been afflicted by the disease, but also for those who have been wary and worried about the effects of the disease. Sharjah-based Filipino nurse Christine Navarro...

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It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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