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Exploring Strategic Business Locations in the Philippines: Philippine Economic Zones

When you’re starting a business, it’s tricky to decide where you should set up for critical success. Location plays a vital role out of all the factors contributing to the company. If you’re thinking of setting up a new business in the Philippines, you should know about the best strategic business locations. A good site obtains a lot of opportunities, growth, and support.

Here are the top business locations in the Philippines:

Quezon City

Home of the two most extensive media networks in the country, Quezon City is known as the city of stars. It is also one of the top business districts of the Philippines. The town is famous for its culture, media and entertainment, and broadcasting industry. Due to its business popularity, it is the most populated city in the Philippines. The hub of many business activities, Quezon City is ideal for setting up a new business or making an investment.

Makati

Makati is the central business district in the Philippines. The city justifies its reputation worldwide as it provides a home to many global leading companies. Makati abides by various businesses like the stock exchange, real estate central banks, and other corporate companies.

If you are looking for or investment in real estate, Makati can be an excellent choice.

Ortigas

Ortigas is also observed as one of the best business places. It is in the center of Metro Manila, providing easy access to all the transportation like highways and metros. Ortigas is the hub of many development projects by popular developers like SMDC, Ortigas and Company , and many others.

Bonifacio Global City

Bonifacio Global City (BGC) is the fastest developing business district spreading steadily and gaining many commercial and corporate business popularity. Famous for its cosmopolitan lifestyle, it also provides a beautiful residential community.

Taguig

Taguig has progressed from an empty military base to the fastest-growing business district in the Philippines. The city is a major attraction for tourism, entertainment hub, shopping, dining, and other business activities. Taguig is a first-class, highly urbanized city in Metro Manila, providing outstanding business opportunities.

Pasay

Pasay operates the Manila International airport and has become another developing area for businesses to grow. Pasay is holding its own in the industry for business and as an entertainment capital.

It is challenging to decide where to set up your business in the Philippines, as different business districts have unique advantages. Some cities offer you business-oriented benefits while others are in IT and media. But all you need to know is that it is a good time for investing and setting up business in the Philippines, as it has the fastest-growing economy. So, do your research and consider your investment options in Philippine real estate.

Addicted to Real Estate – Why I Can’t Stop and Why You Should Start

Published Date : January 24, 2022 Article Community Guide Industry News Property Recommendations Real Estate 101 Renting condominium renting house Selling tips

Investors seek ways to improve their portfolios with minimal risk. There is a wide range of speculation options about the properties for sale. Buying and renting a property will not start building wealth right away. Real estate can be a force to be reckoned with, but only if you work hard. Such investing can be very profitable, but it is essential to understand the risks.

The following discussion highlights the benefits and risks of real estate investments:

Pros

Appreciation Over Time

It associates with real estate and the stock market mantra to buy less and sell more. And real estate is always worth the effort. Stocks may fall, but the property acquired is a tangible asset that will always have value. Investing in real estate now will reap good profits in the future.

Produces Cash Flow

If the real estate property is under rent, it will produce monthly rental payments. Some buildings may have additional costs, such as storage and parking. Even after eliminating property taxes, maintenance, etc., total revenue can be enormous from income.

Incomparable Tax Benefits

Purchasing a home on loan lets you enjoy multiple tax benefits and exemptions that help you save tax and support in maintaining easy cash flows. However, Tax law is a bit complicated but can be easily understood with the help of a professional.

Builds Equity

If you invest in real estate property, that is an asset that you will have in your portfolio. Consider it as a savings account that grows automatically without depositing your money every month. You’ll have the opportunity to sell the property for capital gains whenever you want.

Cons

Require Management and Time

Once an investor has purchased a property, it must be redeveloped, maintained, and managed. Insurance, administration fees, and other costs can increase rapidly, especially if the property remains vacant for a long time.

Requires Money

You will need a down payment, closing costs, and fees to repair and update the site to increase rental prices to get started. And once you own the property, there will be ongoing costs such as property taxes, insurance, mortgage payments, and property maintenance.

Low Liquidity

Most investments have a lot of liquidity and can be bought and sold at a profit in a fraction of a second, as in high-yield stocks. But the investment in real estate is relatively low, as you cannot sell real estate quickly and easily without significant losses.

There is no doubt that real estate for sale can provide the most profitable, short-term, and long-term investment. However, as with any investment, you should be aware of your risk tolerance and willingness to learn.

Nothing good happens overnight, but you will be on your way to becoming a successful homeowner with the proper planning.

Retirement in the Philippines – 4 Factors To Consider When Retiring In The Philippines

Published Date : January 8, 2022 Article Buying Property Buying Tips Community Guide Property Recommendations Real Estate 101 renting house

If you want to spend your retirement in all-year warm weather surrounded by beaches and rainforests, then the Philippines is a great option. The government of the Philippines is very welcoming to expat retirees, and the tax situation is friendly. The cost of living is pretty low, making it more attractive to settle in, but there are many more things you have to be prepared for while retiring in the Philippines.

Here are the four factors you must consider while retiring in the Philippines:

Lifestyle

Determine what kind of retirement you want to have. Take into consideration that your lifestyle might remain the same when you retire; you might want to be not too far from where you are right now. Sometimes people have very unrealistic expectations about their plans that can be unhealthy. Experts say you should prepare at least 75 percent of your pre-retirement budget; that way, you can balance your expenses and lifestyle.

Medical Expenses

Setting aside a proportion of your savings for medical expenses is essential. Also, you can’t be sure if you will need it or you don’t as it is a contingency. You can’t cut on it. Ignoring your medical requirement can cause serious consequences, so be prepared beforehand.

Manage Your Current Expenses

If you are planning for retirement now, you might want to prepare yourself to face a time where there is no income in your life. You have to save a lot to pay your post-retirement expenses, which start today. If you spend less today, you are likely to hold more tomorrow. The more savings you have, the more time you get to stay at peace of mind.

Passive Income

Retirement can’t put an end to your income. If you retire, that doesn’t necessarily mean you will stop earning. You should have some source of income so that if you meet any contingency, you have some extra savings up in your sleeves. There are various ways you can earn passively without doing any regular work. So few of the options by which you can earn passive income are an investment in real estate or funds. You can also buy housing properties and rent them out. Another way is to do affiliate marketing. Earning passive income can help you pay your expenses in your financial crisis.

Decide if you want to downsize, what age you plan to retire, and how much you will need to live a comfortable life. But don’t underestimate your current expense; you will not be able to save for retirement as quickly as you would like, so be practical about it. For real estate income or investment, you can explore your options with Housal. You can buy a condo or put your house on rent. There are so many property options it offers for investment. So when retiring, plan everything carefully and practically.