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The rapidly expanding Philippine luxury real estate


This article was ini, tially featured on Inquirer.NET on February 22, 2024 authored by Ar. John Ian Lee Fulgar.

An optimistic outlook and a resilient Philippine economy provide a favorable environment for the luxury real estate segment.

As economic forecasts indicate a moderate but improving trajectory, confidence in the real estate industry is also anticipated to increase. The combination of this economic optimism and the expected improvement in the real estate market’s performance suggests a bright future for investments in luxury properties.

Diverse investment portfolio

The luxury residential segment, featuring high-end housing and condominiums, stands out for its sophistication and exclusivity.

Developers like Shang Properties Inc. have been introducing projects that offer living spaces, curated architecture, and lifestyle solutions catering to the upscale market. Its developments—which include Shang Residences at Wack Wack, Laya by Shang Properties, The Rise Makati, and One Shangri-La Place, among others—have state-of-the-art amenities, advanced security features, and eco-friendly designs promoting sustainable living.

Shang Properties’ luxury residential developments are made distinct by their strategic locations, innovative designs, meticulously designed spaces, and integration of green spaces, all catering to the upscale market’s desire for exclusivity, brand-ability, and sustainability.

Attracting high-net-worth individuals, investors
Shang Properties’ luxury real estate offerings in the Philippines are able to cater to a broad spectrum of preferences and needs, attracting high-net-worth individuals and investors from local and international markets.

These investors are drawn not only to the quality, details, and innovation of Shang projects but also to their potential for significant returns on investment. Even in challenging economic times, the luxury market’s resilience underscores its appeal as a safe and profitable investment avenue.

International interest

The Philippines has emerged as a vibrant destination for luxury real estate investment, attracting significant attention from international investors, mainly Japan, Singapore, and Thailand. This international interest is due not only to the availability of quality luxury properties that can cater to a sophisticated international clientele, but also to the country’s strategic global position.

Total approved foreign investments in the first quarter of 2023 hit P172.70 billion, indicating a solid vote of confidence from global investors. Legislative reforms to ease restrictions on foreign investments, such as amendments to the Retail Trade Liberalization Act, Foreign Investment Act, and Public Service Act, have further facilitated this influx. Such concerted efforts by the Philippine government to liberalize economic policies have significantly boosted the appeal of the real estate market to foreign investors.

By reducing barriers to entry and promoting foreign direct investments, the Philippines has diversified its investment portfolio and enhanced its global competitiveness. These developments, such as those by luxury developer Shang Properties, no doubt signal a promising outlook for the Philippines as a player in international real estate.

The author (www.ianfulgar.com) is a leading architect with an impressive portfolio of local and international clients, his team elevates hotels and resorts, condominiums, residences, and commercial and mixed-use township development projects. His innovative, cutting-edge design and business solutions have garnered industry recognition, making him the go-to expert for clients seeking to transform their real estate ventures

Read more on https://business.inquirer.net/446745/the-rapidly-expanding-philippine-luxury-real-estate

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