If you’re soon retiring and looking for a retirement business idea – consider building a retirement home or a cheap apartment in the Philippines.
Why the Philippines?
-Things are so cheap here – construction materials are relatively cheaper – even cheaper if you go for Chinese manufactured materials flooding the Philippine hardware stores today.
-Lands are cheap here.
-Construction labor is so cheap here.
-Engineering and architectural services are also very cheap here.
Why the retirement home or apartment business?
-The Philippines has lately become a favorite destination of tourists especially Koreans and other Asians who are not just touring but also learning English, as we Filipinos are known worldwide as good English speakers, and teaching services here are also very cheap. These educational tourists are always on the lookout for cheap apartments.
-There is a steady rise of the Philippine population and there seems to be no decrease of it ahead, thus expect more people who will need shelter. Don’t worry about population as we continue to export overseas workers all over the world and they continue to bring a good supply of money for the economy.
One business you might want to look into also is the build and sell business. Since construction cost in the Philippines is cheap then the margin of profit in this business is really favorable as you can build cheap and sell at a relatively high price, especially when you target expats and overseas workers as your buyers.