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 residential developments.

Local Real Estate is Seen as a Prime Candidate for Foreign Investments

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 estate firm. 

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

Crown Asia 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 home.

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.