Europe-PH News

Philippine real estate expected at Expo Real 2013 in Munich

May 29, 2013

European Chamber of Commerce of the Philippines

Europe-PH News

The European Chamber of Commerce of the Philippines (ECCP) is inviting key players from the real-estate industry to join Expo Real, the 16th International Trade Fair for Property and Investment. The event will take place from October 7 to 9 in Munich, Germany. 

Expo Real is the largest trade show for realty and investments. Last year, 38,000 participants from 71 countries gathered together to take part in the event. This is 5 percent more than the previous year. The growth in the number of participants can be seen in the strong presence of companies not only within Europe but also Asia such as China, Singapore and Japan. Expo Real is an important event to established networks and connections involved in all areas of land and property. 
 
For the first quarter of 2013, the construction sector provides roughly about 8 to 9 percent of the Philippine GDP, while real-estate contributions are around 11 percent. 
 
According to Rick Santos, founder and chairman of Commercial Real Estate Services (CBRE), “We are now experiencing the best real-estate market in the Philippines in the last 20 years.” This growth allows developments in the market such as Henry Sy’s SM Prime Holdings launching of the SM Aura. This is a state-of-the-art civic center in Bonifacio Global City consisting of office and retail space that was built as a partnership with the City of Taguig.”
 
Consequently, Karlo Pobre from Colliers International mentioned that “the higher the GDP is, the more attractive we become, specifically to foreign investors.”
 
The property and construction market has become a forerunner in the economy, domestic demand is growing and PPP [public-private partnership] infrastructure will continue its assertive speed. Not to mention the rapid economic growth and the increasing possibilities of global sourcing. 
 
Expo Real, known to be the largest B2B trade fair for commercial real estate in Europe, will provide a 64,000-sq-m space for 1,700 exhibitors who will showcase their product portfolios. Moreover, an extensive conference program will be part of the event encompassing five fora, 400 speakers who will discuss present trends and innovations in property, investment and financial markets. Expo Real offers an ideal program not only for establishing and increasing contacts but also for developing new and plausible project ideas. 
 
Fairs and More Inc. assists delegates from endorsement letters to hotels, flights and discounted entrance tickets. 
 
 
Source: Business Mirror; Property & Construction; 29 May 2013
 
 
 
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