South Luzon beckons to be the new investment hub in the Philippines

The demand in the area can be utilised to boost the country’s economy

The Philippine Statistics Authority reported a growth of 7.2 percent in the Gross Domestic Product (GDP) in the fourth quarter of 2022. Among the lucrative sectors, industry and services were two of the major economic sectors that received the highest growth rates at 4.8 percent and 9.8 percent respectively. The expenditure on residential living grew as well by seven percent. 

All of these growth in the past year has led to the Gross National income (GNI) to surge to 9.8 percent for 2022. This presents the Philippine economy with the opportunity to develop itself even further to keep the momentum of increasing the GDP and GNI.

Across the archipelago, Inquirer.net highlighted South Luzon as an ideal place to invest in, especially in real estate. This region garners the same attention as the capital due to its rapid economic growth, driven by the local businesses that raise the local economy. Its proximity to Metro Manila presents South Luzon as having the ideal balance of urban life with the hustle of retail and businesses, and rural life with the fields, historic churches, and resorts.

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The government has also recognised the region to be ideal area to invest in, seeing as the institution themselves have been investing on the transportation infrastructures in the area to make it more accessible for anyone who wants to travel to and from there. Many developers have been looking into the region as well due to the affordable property prices, surrounded by the natural beauty of the beaches, mountains, greenery, and climate that make properties there even more attractive.

As a matter of fact, the Department of Science and Technology (DOST) held a South Luzon-based Call for Proposals 2025 meeting in one of its cities, revealed by the National Research Council of the Philippines. The executive department used the event as an opportunity to encourage investing in South Luzon and to determine how this region can further boost the country’s economy.

The Property Report editors wrote this article. For more information, email: [email protected].