A cursory glance at Asian commercial real estate transaction volumes shows which countries dominate the investment landscape. In the past decade, Japan, China, Australia and South Korea have accounted for the lion’s share of direct investment. Within Southeast Asia, Singapore is the sole heavyweight, making up at least 80 per cent of investment activity.
It is therefore not surprising that the Philippines gets little attention. Lacking the economic heft of Indonesia, the manufacturing prowess of Vietnam and the tourist appeal of Thailand, the Philippines often takes a back seat to its…
