Metro manila beats tokyo, singapore in most attractive hubs for developers _ inquirer business
On city development prospects, the Philippine capital ranked fourth next to Bangalore, Ho Chi Minh and Mumbai. Usd zar exchange rate history Again, these four cities received “generally good” scores compared to “fair” ratings obtained by the rest. Funny jokes in urdu video They outranked cities like Shenzhen, Shanghai, Jakarta, Bangkok, Sydney, Guangzhou, Beijing and Tokyo.
“Compared to previous years, top rankings have been taken over by emerging market cities,” said Ken Rhee, ULI’s chief representative to China who presented the latest research in a briefing Thursday night.
This year’s investment prospects showed a strong shift away from last year’s favorites—which were dominated by Japan and Australia—in favor of emerging markets like India, Vietnam and the Philippines. Pound exchange rate graph Singapore has likewise seen a sharp decline in appeal, now ranking close to the bottom at 21st from 11th a year ago and after grabbing the top slot in 2011 and 2012. Exchange rate usd to cfa The results also showed a change in strategy from “flight to safety” to “quest for yield.”
From 2007 to 2012, Metro Manila was a bottom-dweller on the ULI-PwC annual list, ranking between 18 to 20 in terms of investment prospects. Aud usd exchange rate forecast In 2013, it improved its ranking to 12th place, rising to fourth place in 2014 and staying at 8th place in the last two years.
“The Philippines has attracted positive comment for the last several editions of this report, with a vibrant economy led by a booming BPO (business process outsourcing) and strong remittances from overseas workers,” the research said.
“Today, the fundamentals appear as strong as ever. Aud usd forecast today Demand is resilient, with many buildings pre-committed before completion. Dollar vs pound exchange rate Vacancies remain low and office capital values and rents continue to show good growth. Thb to usd exchange rate Meanwhile, the logistics, traditionally a laggard in the Philippines, is also seeing accelerating demand based on increasing consumer sales.”
In terms of property types, Metro Manila topped the office and shopping mall categories, with 85.7 percent and 66.7 percent respectively, recommending a “buy” on these assets. Gold price us dollars The capital region also ranked highly in hotels, where 71.4 percent of respondents recommended a “buy.”
Metro Manila scored lowest in the for-rent residential property category, with 71.4 percent of respondents recommending “sell” versus 28.6 percent who said “buy.”
But the research noted some risks on the horizon for the Philippines, due to global economic woes particularly in the Middle East possibly gnawing on overseas remittances.