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Chinatown/Binondo & PNR-Tutuban... POPI, ALI, MEG etc

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(received by email):

 

CURRENCY REG.s seem not to stop outwards investment from China:

 

..an article verifying FX limitations on mainland Chinese property investments.
https://list.juwai.com/news/2017/01/2017-outlook-for-chinese-outbound-property-investment
Further excerpted comments from a property expert based in mainland China:
".... since 2007 Chinese have been restricted to exchanging no more than US$50,000 of currency a year. Yet, almost three-quarters of overseas home purchases by individual Chinese buyers were all-cash last year."

...the attractions of the Philippines market remain: close proximity, affordable price point, and higher yield.

 

A market forecast. 2017 outlook for Chinese outbound property investment.

 

#1 Stable growth predicted for China economy

30ebc5da3628a39d3752c5ac147f3accde15fd2d

 

China’s GDP growth remained steady at 6.7% in 20161, and is forecast to maintain a growth of around 6.5% in 2017.2

Despite a slight slowdown, that’s still an enviable growth compared to 2017 GDP growth forecasts of 2.2% in the US, 1.9% in Canada, 1.0% in the UK, and 0.6% in Japan.3

Besides that, both China’s factories and services closed out 2016 on relatively strong notes as well, which also bodes well for China’s economy in 2017.

 

#2 Currency devaluation motivating Chinese outbound investment

According to a recent report released by Mercatur Institute for China Studies (MERICS) and the Rhodium Group, China’s foreign direct investment (FDI) charted a record $190 billion in 2016.4

That’s a 40% increase, which perfectly showcases the speed of China’s outbound investment expansion.4 With the Chinese yuan currently under pressure due to concerns over a devaluation, Chinese property investors are especially incentivised to buy overseas properties.

This is driven by the fact that many Chinese investors are already intending to increase their offshore holdings in the next two years (mostly to hedge the risk of a falling RMB), and the prevalent trend of real estate being the most favoured asset for Chinese.

These two factors combined make international property one of the top choices for Chinese

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New Tutaban Station / New PNR

- is in the second half of this video

 

Duterte`s Mega Manila Subway Project & PNR North to South for 2018

(replaced with the following video):

Published on Apr 18, 2017 / Jul 10, 2017

Watch: President Duterte`s Mega Manila Subway Project for 2018
Metro subway's first phase to link Quezon City, Taguig

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(This was 2 years ago, and since then we have seen a flood of Chinese buyers):

Philippines Rolls Out Welcome Mat to Retirees

Government offers financial incentives, tailors developments to attract more Asian seniors

Dec. 22, 2015

MANILA—In the bustling Chinatown here, a Philippine conglomerate is banking on Chinese retirees, part of an aggressive joint effort with the government to lure graying Asians to its shores. Chinese retirees have already bought 320 condos in one building in the CityPlace development for about $150,000 each (about P 8 million) and the company is targeting the same market for another tower it is building nearby...

> source: https://www.wsj.com/articles/philippines-rolls-out-welcome-mat-to-retirees-1450798083

cityplace_day.jpg

City Place is a development by Megaworld
cityplace+megaworld+binondo+4.jpg

Megaworld chairman and president Andrew Tan said the project will be the largest real estate development in Manila over the past 25 years.

cp1.jpg

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2017 Divisoria Walking and Food Tour Lucky Chinatown,

168 Mall 999 Mall Divisoria Mall Manila

Hour Philippines TV
Published on Oct 9, 2017
2017 Divisoria Walking and Food Tour Lucky Chinatown 168 Mall 999 Mall Divisoria Mall Manila.

Today we share with you our Sunday a whole day walking and eating tour at Divisoria starting at Lucky Chinatown Mall and then exploring the four prominent flea market malls in the area, 11/88, 999, 168 and the new Divisoria Mall with over 3000 vendors selling anything and everything under the sun! This is the epicenter of retail and wholesale trade in Manila and one of the busiest and most crowded places in the Philippines. Stay tuned as we dine at our favorite restaurants at the Lucky Chinatown Mall: Sincerity Café for their Duck Misua, Kikiam and oyster cake, King Chef for Dimsum Happy Hour and ending at San Guo La Mien for steamed dumplings and egg chao fan.

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Chinatown related developers are looking Toppy now - early Dec.2017

 

ALI-etc AyalaLand etc -- update

ca2KM65.gif

==

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Good little article today… Chinese New Year = Year of the Pig

“Anchor Land bullish on Binondo”
> https://www.bworldonline.com/anchor-land-bullish-on-binondo/
Excerpts:
+ Binondo is touted as the center of trade and commerce in Manila, where several Filipino-Chinese businesses are currently located. Other financial districts in the country, such as the Makati CBD and Bonifacio Global City, have however overtaken its development over the decades.
+ ALHI President Digna Elizabeth L. Ventura said the company has a residential building and an office project lined up in the Chinatown area, banking on the younger generation who would like to conduct their businesses there.
+ The ALHI executive noted that they enjoy “very good returns” for projects in Chinatown, since most buyers pay in cash instead of going through banks. Meanwhile, investors can get yields of about 11-12% annually.
“The (price) per square is getting better. Less complaints, because it’s just a small community. We’re able to address concerns easily, so easier operations, selling, more profit,” Ms. Ventura said.
===
11-12%?? It is hard to find a developer talking about YIELDS like that.
I wonder how real it is?

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visit Intramuros

INTRAMUROS MANILA - the MOST BEAUTIFUL place IN MANILA

We finally got to see THE REAL Manila: Intramuros - the walled city that Manila used to be. We came here to learn more about the history of Manila and the Philippines since we call this home now :) Follow our ADVENTURES 🤗 https://linktr.ee/nellyslife__

Maikeru Maslog
I just saw today in the FB page of the Intramuros Administration pinning this Episode and giving you guys a big Thank You! Congrats!!

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Chinatown Cluster RE stocks - huge move up in FDC/ Filinvest Development Corp

Will AHLI be the next one to move?

AIi etc ... update :

tfvUkfQ.gif

AHLI / Anchor Land ... all data / Last: P 11,00

Q6saevU.gif

==

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