Highest property rental yield in Asia: Who beats India?
Real estate in city centres fetch gross rental yield of 7.53%
By Staff
Published Friday, December 05, 2014
Foreigners can purchase properties in the Philippines, which is currently offering the highest rental income among all Asian countries, according to organisers of Philippine Property and Investment Exhibition (PPIE).
A 120 square metre apartments located in the Philippines’ top city centres fetches a gross rental yield of 7.53 per cent compared to 7.05 per cent in Indonesia, 2.83 per cent in Singapore, 2.82 per cent in Hong Kong and 2.39 per cent in India, reveals statistics by Global Property Guide, a UK-based research house.
“The positive outlook of investors in the Philippine economy has continued to spur new developments. The economy is steadily growing and property prices are expected to increase substantially over the years. Non-Filipinos can own 100% condominiums units, which can offer them excellent rental yields and healthy appreciation,” said Karen Remo, Managing Director, New Perspective Media, the organisers of PPIE.
PPIE, the largest Philippine property exhibition organised in the region, will be held on December 5 and 6 at Godolphin Ballroom, Jumeirah Emirates Towers. The exhibition will have 18 of the country’s leading property developers, banks and government-backed financial institutions taking part and showcasing projects worth Dh2.5 billion (Php30 billion).
“The UAE is home to over 200 nationalities and the PPIE gives them the opportunity to widen their investment basket. Investing in a property, prices of which are relatively cheaper than its Asian counterparts, offer the best returns on their investment,” Remo said.
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