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If you look at the Philippines it's growing and urbanising. It’s one of the only English speaking Asian country’s and modernising which relates to opportunity - so where is the delta disconnect or “gap in the market”?

To first answer that question let’s back up a step and understand something important ...

The Philippines has one of the highest population densities in the world.

Demand for housing is accordingly high, but the real estate market saturation is low due to its socioeconomic and historical past. This means a relatively limited number of developers are competing for substantial development opportunities, which in turn means that each holds significant growth potential. The Philippines Government Housing Association or SHDA has requested to increase incentives for housing developers to declare more expensive housing units as eligible for incentives, increasing the threshold for housing classified as low-cost housing from P2 million to P4.4 million. This is a huge increase of over 100% in value.

The SHDA plan to develop 1,000,000 new low cost affordable homes every year for the next 5 years until 2028. 

This seems like a noble endeavor to meet growing demand however there is one fundamental challenge: in the past 12 months they have only developed 2,000 homes: and therein lies the delta. This is the gap in the market.

With a planned 1,000,000 new low cost homes per year and developing only 2,000 affordable homes over the same period with projections for the next several years to be proportional similar this represents the delta disconnect. 

A delta disconnect in order of this magnitude represents an opportunity.