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TopChain (TOPC) Reached Strategic Cooperation With Leading Philippine Real Estate Companies For Introducing Digital Assets To Purchase Real Estate

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TopChain (TOPC) Reached Strategic Cooperation With Leading Philippine Real Estate Companies For Introducing Digital Assets To Purchase Real Estate

May 06
09:28 2019

TopChain (TOPC) recently entered a strategic partnership with several top-flight Philippines real estate companies to set a precedent in using digital assets to purchase real estate. The Republic of the Philippines is located in southeastern Asia and is a democratic country in the western Pacific Ocean. Philippines is separated by the Bus Strait in the north with Taiwan Province in China. There are 7107 islands, known as the “Thousand Islands Country”.

According to the “Research Report of the World’s Most Valuable Investment location in 2018” published by US News and World Report, the Philippines real estate market is the most valuable investment location in 2018. Among them, due to minimal foreign exchange control, a young workforce, immigration and other factors, Philippine real estate has become an important aspect to attracting global investment.

The Philippines ranks first in rent yields in Asia. The rate of return on rent is as high as 7.53%, and the rate of return on rent in Manila is as high as 8.91%. In the past 6 years, the GDP growth rate has been maintained at around 7%, benefiting from the “one belt and road” initiatives and demographic bonus, the GDP is expected to grow more than 10 years.

The country has a population of over 100 million and the average age less than 25 years, which brought about potential new demand for real estate.

Manila is located in the Asia-Pacific geographic center, the top 30 international metropolises, belongs to the international top tier, the current house price in the Manila real estate market is about 4000USD per square meter, which is much lower than other international top-tier cities.

Futures investment mode, low down payment which is generally 0-20%, four years before delivery only need to pay 20-30% of the total price. With the development of economy, the Philippine economy is stable and suitable for medium and long-term investment.

TopChain (TOPC) has reached strategic partnership with Top Real Estate and Futong Real Estate in the Philippines, buyer can purchase and rent Philippine real estate using TOPC which set a precedent that use digital asset to purchase real estate. The company aims to build up the link between the blockchain and the Philippines real estate investment field.

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Company Name: TopChain (TOPC)
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Country: United States
Website: http://www.topc.io

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