On the rise: Philippine Real Estate

Now that's impressive.

Let the good times roll.

Today’s news is brimming with positive news about Philippine real estate. Various developers are optimistic on the value of property, committing millions of pesos towards the development of future condominiums and other residential properties.Whether as a place to live in or as an investment to generate passive income, properties in the Philippines are ripe for the picking.

  1. The scarcity of large tracts of land in Metro Manila is driving up the demand for condominiums. Luxury condominiums are favored particularly by expats residential leasing.
  2. Vista Land, Manny Villar’s property firm, is looking to make it big in 2012 with its new residential projects which include high and medium-rise properties. Pinoys abroad have one more savings goal to look at.
  3. SMIC, the holdings company of SM’s Henry Sy, is setting aside a lot of cash for new residential projects and FIVE new malls. Does this put the Philippines in the running for the unofficial title of mall capital of the world ?
  4. Century Properties also has something up its sleeve for this year. After grabbing a chunk of the property market and a LOT of hard-earned cash, things are looking up for Century.
  5. Andrew Tan of Megaworld Properties will enjoy his view from the top. Take a bow for all those townships scattered across Metro Manila, Mr. Tan.
  6. Dorms be damned? Property developers like SMDC are coming to a university near you.

Hot Prospects

Property canvassing? Here are some new projects in the Philippines worth a look at:

Trump Tower Manila – Century Properties’ newest condominium will be a testament to the Trump brand; illustrious, and uncompromisingly elite.

Maricielo Villas – Enjoy suburban charm with rich Spanish influences with this condominium community from DMCI Homes.

Parting shots:

Let’s end this entry with a few positive points:

  • See what Ayala Corporation CEO Jaime Zobel De Ayala has to say on the Philippines’ global competitiveness and the Ayala Group. An interesting read with lots of insights on the evolution of one of the Philippines’ biggest industry movers.
  • Here’s anĀ in-depth look on the Philippine Real Estate Industry for 2011. Will this year continue to be as positive as the last?
  • When you talk about properties, you can’t forget about the guys who can help you buy one; the banking industry is looking upbeat this year, and ready to support developers and homebuyers for their financing needs.