Beruflich Dokumente
Kultur Dokumente
local developers will also get a more favorable access to a bigger resourcethe regional
workforcethat is eyed to play a significant role in fueling a stronger exchange of best
industry practices and ideas among the AEC participants.
3. AEC will result in stronger capital inflow and investments, particularly here in the
Philippines, which has gained attention from the international business community due to
the series of investment-grade ratings that we have received from different crediting firms
this year. This now puts the Philippines at a very strategic position, showing a renewed
capability to lure investors and sustain good business returns for foreign businesses
wishing to make it big in the region.
4. More industry players also mean increased rate of construction activities where we will
be seeing mixed-use residential districts, retail, commercial and office hubs, and key
infrastructuresairports, sea ports and many others moreracing to dot the skyline all at
the same time. There will be a greater demand for skilled laborers to help the local
property sector sustain the increased level of property development.
5. There will be a significantly higher rate of consumer spending given the huge inflow of
goods and services. This will then drive the development of more lifestyle-centric
developments, such as malls, retail complexes and properties anchored on tourism, across
the archipelago.
6. Such an event only serves to hasten modernization, increase urban development
standards, and drive unprecedented regional growth in Southeast Asiafactors that
encourage and sustain direct investments in the region.
7. We will also see more emerging economic hotspots in various parts of the country,
particularly in Mindanaoa region deemed as the Philippiness gateway to the rest of
Southeast Asiaas more and more businesses try to get their name out and capitalize on
their newfound economic opportunities.
References:
1. The impact of the 2015 Asean integration to PHL real estate,
Amor Maclang December 2013
2. ASEAN Economic Blueprint, Asean Secretariat, 2008
3. ASEAN Integration: Its Effect on Philippine Real Estate, Nov.2014