The Philippines Has Become A Haven For Investors, With The Real Estate Industry As A Key Player
Business Mirror, 02-26-2014
Once dubbed the poor Asia brother, surveys now show that we are
actually doing better than India and China. Apparently, the
country's economic development is proving rather robust and foreign
companies are showing interest in what now appears to be a very
strong economic foundation.
Key to this increased attraction is that it is no longer as
difficult to do business here as it was in bygone days. "The
Philippine economy is at its best yet, the credit ratings and
economic growth generated continuing global interest in this
country," said Cushman & Wakefield chief executive for Asia
Pacific Sanjay Verma. Cushman & Wakefield is one of the world's
largest real estate advisory companies.
Expected to sustain its already powerful expansion is the real
estate industry, buoyed by a strengthening tourism, a growing
manufacturing industry and the increasing need for office and
commercial properties, as well as horizontal and vertical
Local Real Estate is Seen as a Prime Candidate for
Per Michael McCullough, KMC MAG Group Managing Director, "2013
has been a year of opportunities for the real estate sector, owing
to the consistently strong gross domestic product (GDP) growth in
the first half of the year." KMC MAG Group is a full-service real
In the Philippines, alongside the booming BPO industry, real
estate has been steadily expanding over the past years. With the
dollar getting stronger and the purchasing power of the middle
class rising, there is a greater demand for subdivisions, and -
particularly in the congested urban metros around the country where
land area is at a premium - vertical developments, whether low-,
mid-, or high-rise.
Crown Asia Offers Roster of Quality of
Urban Developments in Unparalleled Locations
has long been devoted to delivering the best quality products to its residents. Since
its inception in 1995, Crown Asia
has been known for building
residential units that target the
upper middle income segment.
It has also made its mark as the
premier real estate company that
lives up to the standards of higher living and has also redesigned
the country's landscape with its
elegant multilevel and multiuse developments.
Among Crown Asia's collection
of property development is a stunning roster of midrise condominiums. These residences offer the advantages of highrise living with the
homey feel of a house and lot. Lower
towers boast fewer units, meaning
fewer residents this means less
waiting at the elevator, less crowd
in in the common areas and more
time with the buildings amenities.
This also means a greater feeling
of privacy and exclusivity. Fewer
people also means the building administration and security has more
time for each resident's concerns.
Among the magnificent Midrise
developments offered by the real
estate giant are:
PINE CREST (New Manila,
Quezon City). An 8,000 square
meter condominium development
of three towers, Pine Crest is conveniently located in New Manila,
Quezon City right along Aurora
Boulevard and next door to one of
the city's newest and finest malls.
BRESCIA RESIDENCES (Fairview, Quezon City). A 2.5hectare
Italianinspired community strategically located in Fairview, Quezon
City, Brescia is a 6storey, vertical
development offering 60 residential units and eight commercial
units on the ground floor.
PACIFIC RESIDENCES (Taguig).
At the heart of Taguig stands Pacific Residences a vertical housing solution for those who choose
to live conveniently just minutes
away from the central business districts of Makati and Ortigas. It is
composed of midrise vertical condominiums that are ideal for small
families in need of a more practical
PRESIDIO LAKEFRONT (Sucat, Muntinlupa). Presidio is nestled
in Lakefront's 60hectare master
planned development beside Laguna de Bay in Sucat. Named after
the great masters of art: Monet,
Renoir, Michelangelo, Picasso, Da
Vinci, Rembrandt, and Bellini, the
community's exquisite view of Laguna de Bay, redefine the experience of community living.