Positive Outlook for Philippine Real Estate in 2012

The real estate boom that the nation has been experiencing these past few years is expected to continue through 2012, according to real estate advisory firm CB Richard Ellis Philippines.

“All eyes will be towards the Philippines as the desirable ‘live, play, and work environment’ this side of the globe,” Santos said during a recent briefing.

While real estate developers would continue to roll out new leasable office spaces, Santos related that next year would also see the rise of many more condominium developments.

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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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Azalea Place

 

CEBU CITY CONDO ALONG GORORDO AVENUE
CURRENTLY AT PRESELLING RATES!!


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According to CBRE Philippines asset services group executive director Lui Matti, Filipinos are increasingly adapting to condominium living, prompting developers to undertake more vertical developments.

This year, out of the 37,441 residential units built, 34,775 units had already been taken up, Matti said.

Next year, 25,703 condominium units are expected to be constructed, with take-up seen reaching 20,107 units, he added.

Supply of luxury condominiums, on the other hand, will continue to be limited, he added.

In the leisure and tourism sector, boutique hotel development will expand next year to cater to a broader domestic market.

Asuncion also said that for foreign tourists, the Philippine Gaming Corp.’s Entertainment City would just be the first step toward the Philippines’ bid to become “the next leisure tourism hub.”

“Casinos and gaming developments are getting a lot of interest from investors,” Asuncion explained.


Positive things are definitely coming our way. 

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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