Experts see bullish market in BGC
Bonifacio Global City, NCR 1634
If you have one million pesos and was given the choice to invest between buying a prime property and investing in stock market, which one would you choose? Is the stock market better than real estate investing? Tough question indeed.
In the expert opinion of businessmen who have extensive experiences in the market, both are great investments, i.e., if you know how to do it properly. It’s not really a question of which one is better, but which investment can help you achieve your financial goals. The experts pointed out that real estate investments can be turned into rental properties and become a source of passive, monthly income which the stock investments cannot do. It helps to learn about investment opportunities instead of just assuming which one will give the better opportunity to make your money grow. The best option is to invest in both.
In recent years, the Bonifacio Global City (BGC) in Taguig has been the subject of attention by the local and foreign business sectors. Property analysts that include David Leechiu, country head of Jones Lang La Salle, Enrique M. Soriano III, Ateneo program director for real estate and senior adviser for Wong+Bernstein Business Advisory, and Julius Guevara, Colliers International’s associate director for valuation and advisory services, are one in saying that the former army and military camp is the safest place to invest in real estate. The current land prices at BGC are 30 percent higher than in Makati and are likewise 10 times bigger in terms of volume of business transactions compared to Makati.
BGC will likely hold the distinction as a true-blue central business district with the planned transfer of the Philippine Stock Exchange (PSE) in 2016. The opening of the PSE at this satellite city will entice the transfer of more prime international offices and the entry of outsourcing country (O&O) headquarters. The presence of PSE will also enable high-end hotel developments such as The Ascott Group of Singapore and the Shimao Group of China to have a captive market of guests for their room and meeting space facilities.
Without doubt, BGC continues to rise. The movements happening there may just be the beginning of even grander things for the former army and military camp once known as Fort Bonifacio.