Over the past 3 years, the Philippines' average economic growth rate has approached 7%, ranking second only to mainland China in the region. Several international credit rating agencies have also upgraded the country's credit rating to "investment grade," indicating that the Philippines is a country suitable for investment immigration. By successively joining the China-led "Belt and Road" Initiative and the Asian Infrastructure Investment Bank, the Philippines has injected further momentum into its economic growth.
Real Estate Investment + Residency Status
Nowadays, when buying a house, people consider not only the location, environment, and district, but also surrounding shops, education, and transportation convenience. Beyond self-occupation, there is a greater focus on investment returns and appreciation potential. Looking at the Asian property market, which is generally on the rise, the Philippines stands out in terms of investment returns. Furthermore, Philippine real estate offers permanent property rights with no shared common area, allowing future generations to enjoy it for years to come!
An Excellent Living Environment
As the "Pearl of the Western Pacific," the Philippines boasts over 7,000 islands with a fantastic environment, much of which remains in its original, pristine state. Manila Bay, Boracay, Dumaguete, Cebu, Panglao, Malay, Baguio, and others are all highly praised by the Chinese. As a major tourism destination, the Philippines attracts tens of millions of visitors every year. Although China has 18,000 kilometers of coastline, most of it has been significantly polluted!
One of the Best Retirement Destinations
In 2015, the Philippines was named by Forbes as one of the top ten best retirement destinations for Americans! For American retirees, the main appeal of the Philippines lies in its low cost of living, tropical environment, English-speaking population, and beautiful outdoor scenery. The Philippines offers tax exemptions on foreign income, and retirees can obtain permanent residency with just a small deposit.
Hong Kong has over 140,000 Filipino Domestic Helpers
When talking about retirement, one must mention the Philippines' domestic helpers, known as "Filipino maids," who are the women holding up half the sky in the Philippines. With professional skills, high quality, high standards, and the ability to speak fluent English, having a Filipino maid at home has become a standard for the wealthy in Hong Kong and the Middle East. Furthermore, hiring a Filipino maid locally in the Philippines is quite affordable, with 800-1000 RMB being sufficient. The service is far better than that of domestic nannies costing six or seven thousand. Most Filipinos are Catholic and are very diligent in their work.
