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Philippine Luxury Residences: A Market Defined by Growth and Sustainability
The Philippine Star
|December 27, 2024
The Philippine real estate market remained robust in 2024, with the luxury residential segment emerging as a key driver of growth.
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Buoyed by strong economic fundamentals, a growing number of high-net-worth individuals (HNWIs), and a shift toward integrated, sustainable communities, the country's premier real estate sector is positioned for continued growth into 2025.
According to HSBC's report, The Rise of Asian Wealth: Building Depth and Resilience, the Philippines is poised to rank sixth in aggregated financial wealth growth in the Asia-Pacific region between 2022 and 2030. This projection highlights a significant increase in HNWIs and affluent households, further energizing the luxury real estate sector. For this discerning market, investing in homes isn't just about location or amenities—it's about enduring value, exclusivity, and sustainability.
This story is from the December 27, 2024 edition of The Philippine Star.
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