Japan’s Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) is actively exploring real estate investment opportunities in the Philippines, marking a potential boost for the country’s property sector, the Board of Investments (BOI) said in news release.
In a recent high-level meeting with the Board of Investments (BOI), MLIT officials discussed opportunities for Japanese developers to enter the Philippine market through its Joint Network for Overseas Real Estate Business (J-NORE) program.
The initiative seeks to facilitate the expansion of Japanese firms by collaborating with local governments and addressing institutional issues related to overseas real estate investments.
With the Philippines’ growing economy and rising demand for residential and commercial properties, the country has emerged as an attractive destination for foreign investors, particularly from Japan.
The discussions between MLIT and BOI focused on enhancing real estate development and management systems through an exchange of information between the Philippine and Japanese governments and private sector stakeholders.
“Through partnerships with organizations like Japan’s Ministry of Land, Infrastructure, Transport, and Tourism, the government is realizing its goal of further increasing investments into the Philippines,” said Industry Development Services Executive Director Ma. Corazon Halili-Dichosa.
“The BOI remains steadfast in its commitment to promoting real estate investment, striving to create a more business-friendly environment for investors,” she added.
Real estate services firm Colliers provided key insights into the Philippine market during the briefing, highlighting trends, demand drivers, and emerging investment hotspots. Particular attention was given to the industrial sector, which has shown promising growth and presents strategic opportunities for Japanese developers.
The meeting is expected to intensify efforts to position the Philippines as Southeast Asia’s premier investment destination and drive a sustainable cycle of economic growth.
With increased collaboration between the two nations, industry experts anticipate a stronger influx of Japanese investments that could reshape the Philippine real estate landscape in the coming years.
