Apartments for sale in Manila represent a notable investment opportunity for lots of people. Much of the Western world is continuing to suffer after the economic downturn and real estate values are still continuing to decline or showing low growth in many countries. On the other hand, the opposite is true in Asia. In fact, much of Asia especially the Philippines is continuing to have economic growth. According to the IMF (International Monetary Fund), the Philippines economy is predicted to grow about 5 percent next year.
This growth is reflected in the countries’ real estate trends. According to the Asian Journal, the Philippine’s real estate market is getting more attractive all the time. This is particularly true in the capital of Manila. The average cost of apartments in this city has increased more than 3 percent while the rents are up more than 10 percent. According to the same newspaper, the price of an apartment in Manila is only ten percent of the cost of an apartment in Singapore. Those numbers alone present Manila a very interesting place to invest. This is true for both American and European investors plus Filipino ex-pat investors.
According to Forbes and MSN, the Philippines is one of the best countries to invest in real estate at the moment. They suggest that Manila offers landlords an average of an 8.98 Percent ROI. That figure makes it one of the top three countries to invest in Asia.
Century Properties, 1 of the largest private owned real estate developers in the Philippines with 25 years experience are 1 of the companies leading the trend.
Century has launched the Milano Residences with designed interiors by Versace Home. They have recently announced collaboration with American celebrity and heir to the Hilton Hotel fortune Paris Hilton who will help design the concept for another development, the Azure Beach Clubhouse, part of Century Properties planned urban resort Azure in Paranaque City, Manila.
In 2016, Century will complete their $150 million development in Manila, the new Trump Tower Manila which will be the tallest building in Manila at 820 feet. It will feature about 220 residential spaces that are being marketed at the moment and it will be the final planned residential tower in Century City, their flagship mixed use project.
According to Robbie Antonio, MD of Century Properties, this is the right time to invest in the area. He has said, “There is never a more opportune time than today to launch Trump Tower Manila, which is perhaps the country’s most powerful symbol of progress and readingess to compete on the world stage.” Eric Trump, executive vice president, real estate development and mergers and acquisitions, at The Trump Organization, Trump Tower also shares Antonio’s thoughts about the promises offered by the region. He has said, “The Philippines offers incredible opportunity given the tremendous wealth in the region.”
Apartments for sale in Manila are a great investment option for the keen investor. Buying an apartment in Trump Tower Manila or one of Century Properties other developments is a good way to get involved in the growing city and benefit from the growing economy and Manila property market in the Philippines.