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Overseas Filipinos Drive Local Property Surge

Category: Real estate, Posted:19 Jul 2012 | 06:00 am

One of the key economic indicators to Philippine GDP remains cash inflows from overseas workers.
Not only is this key to the general economy, but also is a driver in the rising property market.
Listed property firms remain keen on bringing properties to market, especially in the condominium sector.
A recent article on the Bloomberg financial network pointed out that leading firm Ayala was holding property exhibitions in the US on both the west and east coast to tap into buyers.
Buyer motivation continues to be a mixed bag ranging from investment, to use by extended family to those who eventually want to return to the country.

Other News

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Manic Monday. No Rain, No Rainbows

Category: Tourism, Posted:20 Sep 2021 | 14:24 pm Rainy days and Mondays are no reason to get down. We have three new Thai Road Trip episodes from C9 Hotelworks and our friends at Delivering Asia Communications for you. Have a seat, throw the umbrella out the window and take a look now. INSIDE STORY Bill Heinecke’s Phuket Resort Home Phuket Hotel Insight – […]
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After The Sandbox – Phuket Hotels Ask What’s Next?

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]
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Remembering Florian Hallermann

Category: Hotels, Posted:16 Sep 2021 | 08:56 am We’d like to take a moment to remember Zeavola General Manager Florian Hallermann. Florian tragically died in a hiking accident in Ko Phi Phi. He was a familiar face in Greater Phuket hospitality circles for many years and well-loved in Ko Phi Phi, which was his last posting. Looking back at the start of our […]