Real estate educator, engineer and veteran broker Enrico Cruz said that at present, the country’s real estate industry does not need foreign investment to finance its real estate development.
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AmiSa
Tower A - Ready for Occupancy
Tower B - Finishing Works On the Way
Tower C - Preselling
BEACH RESORT CONDO at PUNTA ENGANO, MACTAN
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BEACH RESORT CONDO at PUNTA ENGANO, MACTAN
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Azalea Place
CEBU CITY CONDO ALONG GORORDO AVENUE
CEBU CITY CONDO ALONG GORORDO AVENUE
CURRENTLY AT PRESELLING RATES!!
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He said the country’s local investors and developers “have sufficient fund to finance the ongoing development and cope with the current demand.”
“I do not see a scenario where development is lagging behind demand because of lack of development funds and as such will warrant need for foreign investments,” Cruz said.
He added: “Maybe what we need are more foreign investors who will invest on a long-term basis in our real estate industry, as owners and lessors. But even in this aspect, the volume of our local investors and end buyers are enough to sustain growth in our real estate industry.”
Cruz said “overseas Filipino workers’ remittances, and its channeling to our real estate development projects as buyers’ funding, is a big factor that has made our economy perform better than other countries.”
FULL STORY: Inquirer.Net
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Best Regards,
Raymund B. Baroy
Account Manager
Robinsons Land Corp. - Cebu Sales Force
Visit Us here: Robinsons Land Premier Properties
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Email : raymund.baroy@yahoo.com
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