Philippine Real Estate Sector to Undergo Big Changes in the Next 5 Years

Oct 15, 2013 18:00 JST

Source: Asia Real Estate Investment Summit Philippines

Pinnacle Group International and Asia Pacific Real Estate Association (APREA) to host 2013 Asia Real Estate Investment Summit Philippines

MANILA, Oct 15, 2013 - (ACN Newswire) - The Pinnacle Group International and Asia Pacific Real Estate Association (APREA) will be hosting the Asia Real Estate Investment Summit Philippines now at its fourth year on 12 November 2013 at Intercontinental, Manila, Philippines.

The 2013 edition will focus on pressing issues in the global market that could affect Philippines real estate sector such as the Fed tapering, a possible retreat of foreign funds into emerging markets and continued volatility in the capital markets. On the on the domestic front, Philippines economic growth continues to be strong riding on the recent investment grade credit upgrade.

There will also be a special presentation about "The Impact of REIT's on Asian Economies", an extensive research carried out by APREA.

Despite the global slowdown, market players are still optimistic about Philippine's real estate sector. On the residential front, the increasing wealth of Filipinos has resulted in a new emerging middle class of condo buyers and investors. On the commercial real estate side, global outsourcing has increased in scale as international business search for lower cost manufacturing and outsourcing hubs. The tourism and hospitality sector is seeing a new vibrancy with the introduction of integrated resorts.

Despite robust growth, the real estate sector will have to deal with pressing problems relating to sprawling urban slums, aging public infrastructure and vulnerability to natural disasters like floods which potentially could hinder growth. Government investments into infrastructure and PPP project all augers well for the real estate sector. Big plans are in place for decongesting Metro Manila with the launch of the Central Luzon project dubbed as the second Metro Manila.

About 200 delegates are expected to attend the conference consisting of real estate investors, practitioners and government officials in Asia and the Philippines.

Sponsoring the event are KMC MAG Group and Macquarie, while the Official Media Partner is BusinessWorld. Also supporting the event are Management Association of the Philippines (MAP), ACN Newswire and AseanBiztimes.

For more information, please visit http://www.reis.tpgi.org/.

Contact:

Marco Domingo
Tel.: +632 330 9489
Email: marco.domingo@tpgi.org
Website: www.reis.tpgi.org

Contact:

Marco Domingo 
Tel. no.: +632 330 9489 
Email: marco.domingo@tpgi.org
Website: www.reis.tpgi.org

Source: Asia Real Estate Investment Summit Philippines
Sectors: Daily Finance, Real Estate & REIT

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