Knight Frank’s Andrew Hay: Where I would invest $200m on real estate in emerging markets
The number of ultra-high-net-worth individuals in the Philippines is forecast to grow at the the second fastest rate of any country, says Knight Frank’s Wealth Report 2019. Pictured here: Manila
Lord Andrew Hay. Image by John Wright
Lord Andrew Hay is Global Head of Residential at Knight Frank, the international real estate consultancy, and has built up property portfolios for some of the wealthiest people in the world. In this regular column, he is handed a theoretical sum of money by LUX and asked how he would invest it. This month, we asked Lord Hay where he would invest if he had $200m to spend on real estate in emerging markets
?Where would you invest if you had $200m to spend on real estate in emerging markets"? It seemed appropriate that I was asked this question by LUX having just returned from a business trip to Manila. With the Philippines front of mind ? this is where I would start. Follow LUX on Instagram:Â luxthemagazine
As reported in The Wealth Report 2019, the number of ultra-high-net-worth individuals (UHNWIs) in the Philippines is forecast to grow by 38% in the five years to 2023, the second fastest of any country. In Manila, the Business Processing Outsourcing (BPO) facilities sector is rapidly growing – currently employing 1.5m Filipinos, 1.5% of the population, and accounting for 7.5% of the economy ? with the government aiming to expand this to 10-11% in 2020. This growth has boosted office rents within the metro Manila region as well ...
-------------------------------- |
|