New Law Makes Philippines a Retirement Haven
By Lauren on Sep 24, 2008 in Real Estate News
Two new real estate investment laws are expected to encourage Filipinos and OFWs to explore investment opportunities or retirement options in the Philippines. According to the Asia Pacific Association of Fiduciary Studies (APAFS), the Personal Equity Retirement Account (PERA) that was signed into a law last month, and the pending bill Real Estate Investment Trust (REIT), will help develop Philippine real estate markets. The PERA law allows individuals to transform their contributions from their income into a dependable retirement plan that they can use when they retire. The REIT bill allows Filipinos to invest in the real estate market without actually buying or selling properties directly, giving investors more areas to diversify.
APAFS will be discussing real estate investment trends, opportunities, and challenges in their Annual Pacific Region Investment Conference on October 9 and 10 at the Renaissance Hotel.
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