With competitive tax incentives, investor-friendly residency programs, and a booming luxury market, the Philippines is drawing unprecedented global capital.
As economic volatility reshapes global real estate, the Philippines is quietly becoming a magnet for the world’s wealthiest investors. Renowned for its natural beauty and cultural warmth, the country now shines for its compelling financial advantages: tax efficiency, accessible residency options, and a luxury real estate market that remains undervalued compared to global counterparts. In 2023, Manila led the world in luxury price growth with a 26.3% increase—outpacing cities like Dubai and the Bahamas (per Mansion Global). The momentum continued into 2024 with another 17.9% jump, placing it among the top global markets.
Nest Seekers International, a premier luxury brokerage behind some of the world’s most exclusive real estate transactions, is leading this transformation. Andy Regalado, Regional Director for Southeast Asia, is leading global marketing and sales for Banyan Tree Manila Bay, Manila’s pinnacle luxury development.
“We’re seeing a migration of capital to the Philippines that mirrors Dubai’s rise a decade ago,” says Regalado. “Manila offers a rare blend: world-class properties, strong rental yields, a government that welcomes foreign investment, and a transparent legal system for investors.”
Why Wealth Is Flowing to the Philippines
The Philippines’ appeal starts with its tax efficiency. Under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, corporate income tax for registered businesses is a competitive 20%, among the lowest in Asia. Foreign investors enjoy income tax holidays, exemptions from local taxes, and streamlined approvals through 19 Investment Promotion Agencies (IPAs) nationwide. As an English-speaking country with a transparent legal system, the Philippines offers a familiar and accessible environment for global investors navigating business or real estate opportunities.
Residency programs further sweeten the deal. A $75,000 investment secures a Special Investor’s Resident Visa (SIRV), offering indefinite stay, multiple-entry privileges, and a pathway to naturalization. “For global citizens, it’s about where your money thrives,” says Regalado. “The Philippines makes it seamless to establish financial roots, whether for business expansion or a new lifestyle hub.”
Luxury with Purpose
Banyan Tree Manila Bay is at the heart of this wave of wealth, with its record-breaking sales underscoring Manila’s rise as a global ultra-luxury hotspot. All penthouse units, each priced above ₱1 billion (approximately $17 million USD)—sold out in under six months from launch, setting a new benchmark for the Philippines’ luxury real estate market. Developed under the prestigious Banyan Tree brand, part of the globally renowned Banyan Group, this ultra-luxury integrated development in the heart of Manila combines a world-class hotel, signature luxury residences, and high-end retail — offering a rare blend of elegance, lifestyle, and convenience. Beyond exquisite design, it offers exclusive wellness amenities, such as the world-renowned, multi-awarded Banyan Tree Spa, therapeutic onsen pools, and curated wellness programs. Aligned with Metro Manila’s green transformation—where 61% of new builds are projected to be eco-certified by 2025—the project prioritizes sustainable, forward-thinking design.
“Manila’s become a magnet for the world’s wealthy, and it’s easy to see why,” says Regalado. “With incredible tax incentives, residency that’s easy to secure, and places like Banyan Tree Manila Bay with next-level wellness and green design, it’s everything you need to live well and invest smart in a city that’s taking off.”
A Market Poised for Growth
The unprecedented sell-out of Banyan Tree Manila Bay’s ₱1 billion penthouses reflects booming confidence in Manila’s luxury real estate, even amidst global market fluctuations. Properties that would command $20–30 million in the US, Paris, or Singapore are often priced below $5 million here, offering unmatched value. Combined with strong rental yields and rising appreciation, the Philippines remains a high-upside, low-barrier investment zone for ultra-high-net-worth individuals. “Manila’s luxury market is still in its early growth phase,” notes Regalado, “and the rapid success of Banyan Tree Manila Bay proves now is the ideal time to invest.”
For more information or to explore investment opportunities, contact:
Andy Regalado
Chief Marketing Officer
Regional Director, Southeast Asia
Nest Seekers International
andyr@nestseekers.com
+1-516-456-5266
Andy Regalado - Chief Marketing Officer | Regional Director, SE Asia
View source version on businesswire.com: https://www.businesswire.com/news/home/20250507005778/en/
“We’re seeing a migration of capital to the Philippines that mirrors Dubai’s rise a decade ago,” says Regalado. “Manila offers a rare blend: world-class properties, strong rental yields, and a government that welcomes foreign investment."
Contacts
Media Inquiries: darren@bettencourtcollective.com
