Over the past few years, the strong economy in the Philippines has attracted investors from across the globe. The property market in Manila has proved to be particularly strong, which has led to Experience International launching the new Trump Tower Manila to international investors.
The Philippines is emerging as a strong economic force in Asia, having achieved its highest rate of GDP growth in 34 years to reach 7.4% in 2010, after recording 51 consecutive quarters of economic growth.
With a report by PricewaterhouseCoopers placing the capital Manila as the second wealthiest metropolis in Southeast Asia, the Philippines is set for further economic growth making it one of the safest and most up and coming investment markets in the region.
Experience International has identified this trend and is now working in conjunction with Century Properties to launch the first Trump-branded residential condominium in Asia, Trump Tower Manila, to their international investor clients.
Why Manila
- Economic heart of the Philippines
- 33% of Philippine GDP generated in Manila
- Second wealthiest metropolitan area in Southeast Asia
- Limited housing supply available for rapidly increasing expatriate population
- Stable leasing activity in luxury and high end residential markets with rents increasing 5% q-o-q in 2011
The Returns
- Attractive annual yields; 7-10% from strong rental demand for high-end accommodation
- Rental demand in Makati CBD is high with a current occupancy rate at 90%
- Comparable projects demonstrated 50% uplift during build time
- Long-term leases provide security
- Demonstrable exit strategy – the local market
Investment Highlights
- NO FINDER'S FEE!
- 10.52% discount on limited number of units exclusive to Experience International
- Invest from ?23,803 based on 20% deposit
- Expected 50% capital appreciation before completion, based on comparable projects
- Part of iconic landmark in prime location of Makati CBD
- First Trump Tower in Asia
- Super-luxury interior finish
- Fully managed with a wealth of amenities
- Last condominium to be built at Century City
- Developer is largest privately owned real estate company in the Philippines with over 25 years of experience
- Defined exit strategy
Demand for high-end residential property has been identified, that has in turn pushed up rental rates. Currently, the demand for residential real estate in Makati CBD is exceeding the supply as vacancy rates continue to significantly decrease. According to a recent report by Colliers Real Estate Market Report, Q1 2011, vacancy rates fell to 3.8% in the first quarter of 2011 from 5.4% recorded in the last quarter of 2010.
"These statistics indicate the attractiveness of the luxury residential market in Manila, and in particular Makati," Steven Worboys MD of Experience INternational Stated. "We anticipate that the units in Trump Tower, Manila will sell fast to our client base as it is exactly what investors are looking for; an emerging market with good potential for capital growth, high rental demand, well established developers with good branding, quality construction and reasonable entry level."
