out of 22 cities in terms of city investment prospects, slipping from 19The Philippine capital was classified as having “generally poor” investment prospects this year.. The bottom of the list featured all of the region’s developing markets, which continue to suffer from high rates of coronavirus disease 2019 infections.
Manila’s property sector has also been affected by the exodus of Philippine Offshore Gaming Operators, which had taken up new supply before the pandemic. Tokyo topped the list, as it benefitted from “low interest rates and an economy that is largely fueled by domestic demand.”
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