Japanese developers keen on PH real estate market

Representatives from Japan’s Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) met with the officials of the Board of Investments (BOI) for a comprehensive briefing on the Philippine real estate investment climate and emerging opportunities for Japanese developers and investors.

With its growing economy and increasing demand for residential and commercial properties, the Philippines has emerged as an attractive destination for Japanese real estate developers.

“Through partnerships with organizations like Japan’s Ministry of Land, Infrastructure, Transport, and Tourism, the government is realizing its goal of further increasing investments into the Philippines. The BOI remains steadfast in its commitment to promoting real estate investment, striving to create a more business-friendly environment for investors,” said Industry Development Services Executive Director Ma. Corazon Halili-Dichosa, reaffirming the BOI’s dedication to fostering real estate growth in the country.

MLIT, through its Joint Network for Overseas Real Estate Business (J-NORE) program, is exploring ways to facilitate the expansion of Japanese firms by collaborating with local governments and addressing institutional issues related to the overseas real estate industry.

Discussions centered on enhancing real estate development and management systems through the exchange of information between the Philippine and Japanese governments and private sector stakeholders.

Colliers, a leading real estate services firm, provided key insights into the Philippine real estate market, highlighting trends, demand drivers, and emerging investment hotspots. The briefing emphasized positive market developments, particularly in the industrial sector, and identified opportunities for Japanese developers seeking strategic partnerships.

The meeting with Japan’s MLIT is expected to intensify efforts by the government to position the Philippines as Southeast Asia’s ideal destination for investments and create a virtuous cycle of economic growth that sustainably transforms the Philippine economy.