Dec 03, 2012 | Comments 1
Sentiment continues to rise as good times in the Philippine property market are into the four-year mark.
According to Marisa Del Mar, president of the National Real Estate Association, the Philippine real estate industry is still surging, with the growth trend still on the upswing.
“The Philippines’ economic growth, stable political environment, rising investments, strong inflow of remittances from overseas workers, as well as the continuing growing number of BPO companies, are among the factors that have sustained the growth of the property sector. Everything is looking up in terms of prospects, and opportunities here could not be any brighter,” said Del Mar in a keynote speech at the Philippine launch of Property Report last November 21.
The NREA president’s optimism was echoed by the VIPs present in the event held at Maxims Hotel in Resorts World Manila. Sergio Ortiz Luis, chairman of the Philippine Chamber of Commerce and Industry, said, “The Department of Trade and Industry has long identified real estate as one of the leaders that can facilitate growth for the country. In the industry, we confirm this optimism.”
Eduardo Gutierrez-Ong, chairman of the Professional Regulatory Board for Real Estate Service, lauded Property Report for its timely entry into the local market. He said, “As the real estate industry continues to flourish, the magazine will be an important document both in the industry’s advocacy and promotion.”
The launch was held the morning of the much-anticipated second annual South East Asia Property Report Awards, where more good news awaited the Philippine property industry as Arthaland’s Arya Residences won in the Best Condo Philippines category and Jose Antonio, founder and chief executive officer of the Century Properties Group, Inc. was named Property Report Real Estate Personality of the Year.