Hot Philippine properties at Dubai roadshow

Dubai: The three-day Pinoy Property Show (PPS) kicked off on Thursday at Dusit Thani hotel in Dubai, with leading Manila-based developers and finance companies showcasing the hottest properties in the Asian country.

Now on its second year, PPS runs from April 10 to 12, 2014.

Top property developers, including Ayala Land, Sta Lucia and SMDC, are expected to offer discounts and other sweeteners to buyers at the show, which targets both Filipino buyers as well as overseas investors.

The show was first launched last year.

Organises said the event is a platform for investors interested in various investment opportunities in booming Asian country -- including the provinces of Laguna, Cavite, Tagaytay, Cebu, Batangas, Rizal, Tarlac and Metro Manila, the capital.

The Philippines’ freehold system allows expatriates to own units in vertical developments.

The Philippines is riding an economic boom and is one of Far East Asia's top market performers.

Property demand has been boosted by $25 billion a year in remittances from overseas workers, local and international buyers on the back of optimism over improved governance, better tax collections and the prospect of peace, with the signing of a deal with Moro separatists on March 27.

Consultancy firm BCI Asia has estimated that in 2013, about P1.8 trillion ($48 billion) worth of construction projects were in progress the Philippines – roughly the same as the $44 billion worth of projects awarded in the UAE in 2013, of which the construction section accounted for about 60 per cent, according to MEED Projects.