TradeTravelJournal.com | Santos Knight Frank’s new publication, The Wealth Report 2019, unveils opportunities in Philippine property.
Geopolitical and economic challenges in various parts of the world are turning the attention of private and institutional investors towards the Philippines and its real estate sector, seen as a safer haven for capital appreciation, reveals Santos Knight Frank Chairman & CEO Rick Santos during the recent launch of the company’s new publication, The Wealth Report 2019, at The Manila House Private Club in Bonifacio Global City.
Now on its 13th edition, The Wealth Report is the flagship publication of Knight Frank, the company’s global partner, bringing together the latest intelligence and the sharpest insights into the issues that matter most to the investing community.
The launch was graced by Lord Andrew Hay of Knight Frank’s Group Executive Board and Nicholas Holt, Knight Frank Asia Pacific Head of Research, who both unveiled the latest findings to members of The Manila House.
According to The Wealth Report, Manila outperformed 99 other markets on the Prime International Residential Index with 11% growth in prices last year. At the same time, Knight Frank’s commercial real estate research cites Manila’s competitive edge in office lease rates across Asia Pacific as having one of the lowest gross effective rents during the early part of 2019.