The global property firm, Savills, recently released the Asia Pacific Investment Quarterly for the second quarter of 2017. It contains significant updates on the investment situations and real estate market forecasts in the Asia Pacific region.
"The Philippine economy started the year with a growth of 6.4% in Q1/2017 - performing below market expectations of 7.0% due to high base effects of election related spending the previous year. However, the Bangko Sentral ng Pilipinas (BSP) is expected to continue keeping interest rates low in order to support further economic growth. Inflation has started to cool down to 2.8% from its peak of 3.4% in April, giving the BSP enough room to sustain an accommodative policy stance."
"We are of the view that the window is narrowing to lock in acquisitions at favorable financing rates. This can be observed with the large jump in bond issuances in the first half of 2017, when as much as PHP82 billion was raised during the period from just PHP15 billion in the year earlier. The top three developers with the largest CAPEX budgets - Ayala Land, SM Prime Holdings, and Megaworld - raised almost half the total amount with PHP39 billion."
To read the full report, click here.