As new megacities and regional hubs rise across the world, the United States remains as the leading investment hotspot for many, including Filipinos. In fact, the Philippines’ top real estate service provider, Santos Knight Frank, recently revealed that the USA ranks as the destination of choice for new homes of Filipino high net worth individuals.
Santos Knight Frank unveiled this & several key findings during the launch of The Wealth Report 2018 in Manila on May 10th at the Makati Shangri-La. Now on its12th edition, The Wealth Report offers an annual snapshot on the issues that are influencing wealthy individuals’ investment and lifestyle decisions.
While the United States is home to many attractive metropolises, New York stands out as the city that matters most to the world’s wealthiest. The city is followed by London, San Francisco, Los Angeles, Chicago and Singapore.
“New York is one of the supercities that offers compelling investments for buyers who are diversifying their asset portfolio for the first time,” said Rick Santos, Chairman and CEO of Santos Knight Frank.
At The Wealth Report launch, Santos Knight Frank introduced 30 East 31st Street (30 E 31) to Philippines-based investors through its collaboration with Douglas Elliman, its USA partner and New York’s leading brokerage firm.
30 E 31 is an upscale residential development that is positioned to be an iconic landmark in the famous Madison Square North Historic District in Manhattan, New York City, in a neighborhood more popularly known as NoMad (North of Madison Square Park). Located along Madison and Park Avenues, 30 E 31 is in the center of it all.
30 E 31 is developed by Ekstein Development Group, a real estate company with a portfolio ranging from unique rental properties to newly constructed ultra-luxury condominiums, and Pinnacle Group, an experienced owner and manager of residential properties throughout New York City. Construction is slated for completion in 2019.
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