An article written by Alberts Hana R. titled Best Places In Asia To Be A Landlord writes the Philippines (8.98%) amongst the best property rentals in the market. Surging behind Jakarta (12.34%) and followed by Kuala Lumpur (8.76%).
Montague-Pollock's team collects its information using in-house research, information from accountancy and law firms, and central bank and national statistical data. It ranks 13 Asia-Pacific countries in terms of rental yields (technically, the gross annual rental income expressed as a percentage of the property purchase price) in upscale parts of their major cities. These include areas like Hong Kong Island and the central residential neighborhood of Boeung Keng Kang in Phnom Penh, Cambodia--places where at least moderately well-heeled professionals live, be they expatriate or local.
While property buying skyrocket in China and Hong-Kong, 68% and 31% respectively. Manila has properties in their CBD (Central Business District) close to the amount of USD70,000 as compared to that in Hong-Kong. More and more capital cities are much more expensive now.
A couple of years ago, a shortage of luxury condominiums gave way to opportunity for property developers to showcase their luxurious property; a quarter of a price being offered compared to other neighboring countries. Big investments started to come in: such as Kingdom Investments of Raffles and Discovery Primea. Followed by Ayala developments Ayala Park Terraces.
The expat market is not limited to only renting properties but also has a chance to buy a condominium under the CCT (Condominium CorporationTitle) that states foreigners can legally acquire property that can only accommodate 40% of the occupancy.
This influx of expats renting and buying are coming strongly from the BPO (Business Process Outsourcing) where companies are expanding for back office job works as well as cheaper cost of living in the country.
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