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Global property firm Savills recently released the Asia Pacific Real Estate Investment Country Guide 1H 2017, reporting significant updates on the real estate markets in the Asia Pacific region.
"The Philippines is a constitutional republic with a democratic presidential system. In May 2016, Rodrigo Duterte was elected as president, and will remain as the head of state and government until the next presidential elections in 2022."
"In the first three months of Duterte's term, the country maintained its status as one of Asia's fastest-growing economies, posting 7.1% GDP growth in the third quarter of 2016. Duterte's programmes and platforms are focused on maintaining the country's political stability, promoting good governance and sustaining economic growth through robust infrastructure spending and improvements in the current macroeconomic policies." said the report.
To read the full report, click here.