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Manila in World’s Top Property Investment Cities

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Manila came in fourth out of the top most attractative global destinations for real estate investments based on a report entitled “Emerging Trends in Real Estate Asia Pacific 2014” by PricewaterhouseCoopers and Urban Land Institute, as reported by the Business Mirror. The other countries in the report are Sydney, Shanghai, Jakarta and Tokyo. Last year’s report ranked Manila in 12th place. Tokyo jumped twelve spots to become number one in this year’s report.

However, it is not clear in the news report whether the term “Manila” may mean Metro Manila or the National Capital Region (NCR), which includes the City of Manila and some of the fast-growing cities in real estate development like Makati, Pasig, Taguig, and the surrounding cities of Caloocan, Las Piñas, Malabon, Mandaluyong, Marikina, Muntinlupa, Navotas, Parañaque, Pasay, Quezon City, San Juan, and Valenzuela, as well as the Municipality of Pateros.

Read more at Business Mirror.

Photo by Alvin js5 from wikimedia.org

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