The price of prime residential development land in Asia slowed to 1.1% in the first half of 2015, down from 3% in the previous six months, but prime office land increased to 3.6%, up from 2.5%.
The latest prime Asia development land index from international real estate firm Knight Frank also shows that Phnom Penh in Vietnam recorded the strongest increase in both prime residential and office land price.
Regional headwinds relating to the slowdown in the Chinese economy have reduced short-term projections in the Philippines.
Investors exposed to the gaming, financial, or consumer goods sectors will benefit from favorable medium- to long-term fundamentals.
In the short term, a decline in exports has resulted in lower economic output and pricing growth as macroeconomic headwinds negatively impact investor confidence.
In recent years, the Philippines has made its mark as one of the hottest property markets in Asia. Economic growth remains strong, property prices are rising and interest from overseas investors is increasing. At the same time the real estate market is maturing as buyers become more aware of quality, brand reputation and investment returns.
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