If you want to be technical the best place for it is on the North of South Pole thus adverting collision with anything man made. All it'd be doing is spinning in a circle and not being swung around. Plus you're only saying that because you live there, has no real value being there at all, especially that its Asia and no god damn Astronauts.
What?
No, thats not my intention.
Someone pointed out the best place for placing the elevator would be somewhere in the equator.
So why not in the Philippines.
And, also, I quite hate it here aside from slow internet its very warm unlike Belgium in merelbeke or canada :S