American retirees, the next big business for Philippines

The United States experienced a rapid population growth after World War II with 78 million children born from 1946 to 1964.

All those children are now middle-aged or older. The first of the American baby boomers turned 65 on January 1, 2011. The boomers have started to retire at the statistical rate of 10,000 per day.

Yes, 10,000 per day!

The Philippine Retirement Authority (PRA) was created more than 25 years ago in 1985 by virtue of Executive Order No. 1037 signed by then President Ferdinand E. Marcos.

According to its website, “PRA is mandated to attract foreign nationals and former Filipino citizens to invest, reside and retire in the Philippines with the end-view of accelerating the socio-economic development of the country, contributing to the foreign currency reserve of the economy and by providing them the best quality of life in the most attractive package.”

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AmiSa

Tower A - Ready for Occupancy

Tower B - Finishing Works On the Way 

Tower C - Preselling 

BEACH RESORT CONDO at PUNTA ENGANO, MACTAN

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Azalea Place 

CEBU CITY CONDO ALONG GORORDO AVENUE 

Quality Projects of Robinsons Land Corporation, Cebu

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SOURCE: PHIL DAILY INQUIRER

Expect the real estate industry in the Philippines to boom in the next few years due to the increase demand of residential spaces. This indeed is a big market due to the continuous increase in the population and the influx of foreigners. 

Best Regards, 

Raymund B. Baroy

Account Manager

Robinsons Land Corp. - Cebu Sales Force

Visit Us here: Robinsons Land Premier Properties 

Call/SMS:

Local: 09065549505 / 09229452718

International :  +639065549505 / +639229452718      

Email : raymund.baroy@yahoo.com

AmiSa: AmiSa Private Residences

Azalea Place: Azalea Place