By 2050, JLL says Indonesia will be the fourth largest economy in the world. It also forecasts that the ASEAN would be similar to Europe in terms of size and will be known as the fourth largest economic zone globally, after China, India and the U.S.
#JLL predicts more property investments in RP and other SEA Nations due to stronger economies
More real estate investments are in the offing for the Philippines and its other neighbours in Southeast Asia (SEA) as its growth numbers continue to rise.
Based on the research data culled by the integrated SEA research team of JLL, the country’s leading advisor in the realm of property, economies in the region have started to recover from the slow-down of 4.5% in 2016 as it bounced back by 4.8% in the first quarter of 2017.