It is a typical for every Filipinos to dream of owning their very own house and lot especially for those who intend to build a family or any young urban professionals or "yuppies" who wish to be independent and settle on his own house or condo unit.
After the Asian Financial Crisis of 1997, real estate is steadily recovering and has been foreseen that growth from foreign investments especially for our balikbayan brethren who are looking for a property to live during their transition to life (retirement), as an investment opportunity or other leisure purposes it may serve. Different developers from major companies are looking ways to cater not just with ordinary people but also share the vision to our overseas Filipinos of dreaming their owning their home or a piece of the Philippines.
Outlook in the Philippine economy has been on a steady rebound due to major infrastructures development through the efforts of the government from irrigation of farm lands, road link of commodities to market, bridges, airport expansion and even seaport hub building. Also there are 11 identified or designated economic zone in the Philippines and Clark Special Economic Zone is now considered a Clark Freeport. Major malls such as SM Mall and Robinsons owned respectively by Taipans like Henry Sy and John Gokongwei are seeing potential growth and have venture also into property development same as with the Ayala clan of Ayala Land Inc. have seen Pampanga as the potential gateway of the world in the near future.
Likewise, Pampanga real estate is on the upswing since 2000 when major developers like the locally owned Central Country Estates, Inc and St. Catherine Realty and Development Corporation have began developing raw lands or agricultural lands to residential subdivision for the middle and upscale class of the Pampanga populace in the middle of nowhere as what they have envisioned in order to meet the demand. Also sharing the piece of the pie in the real estate development are low-cost home builders and low-cost subdivision developers who have made affiliations with Home Development Mutual Funds in providing homes for those who are seeking affordable homes through Home Development Mutual Funds or PAG-IBIG payment schemes.
Currently there are developments here that have sprouted sporadically from a small one hectare (2.5 acres) to whopping 400 hectares of residential leisure estates (900 acres) has been steadily undergoing construction. To add other development going on in Pampanga infrastructure development and rehabilitation of existing road networks, bridges and others will suffice the growth of these areas once they are readily available. An example of this is the on-going construction of the Subic - Clark - Tarlac Expressway (SCTEX) will be completed by the end of this year with addition of exits and interchange going to towns where this road links to Subic Bay Freeport's Tipo Road connection.
The top developers such as Ayala Land Inc (ALI), Robinsons Land Corporation (RLC), Filinvest Land and Fil-Estate have been viewing this region as the new growth corridor for development and have already invested in real estate development of residential subdivisions, malls, factories and production plants of consumable goods and others.
As Pampanga arose from the ashes brought about by Mt. Pinatubo eruption in 1991. The Kapampangan envisioned their homeland as a progressive as ever even if we have experienced the difficulties and trials in the past as we move on to the future.
After the Asian Financial Crisis of 1997, real estate is steadily recovering and has been foreseen that growth from foreign investments especially for our balikbayan brethren who are looking for a property to live during their transition to life (retirement), as an investment opportunity or other leisure purposes it may serve. Different developers from major companies are looking ways to cater not just with ordinary people but also share the vision to our overseas Filipinos of dreaming their owning their home or a piece of the Philippines.
Outlook in the Philippine economy has been on a steady rebound due to major infrastructures development through the efforts of the government from irrigation of farm lands, road link of commodities to market, bridges, airport expansion and even seaport hub building. Also there are 11 identified or designated economic zone in the Philippines and Clark Special Economic Zone is now considered a Clark Freeport. Major malls such as SM Mall and Robinsons owned respectively by Taipans like Henry Sy and John Gokongwei are seeing potential growth and have venture also into property development same as with the Ayala clan of Ayala Land Inc. have seen Pampanga as the potential gateway of the world in the near future.
Likewise, Pampanga real estate is on the upswing since 2000 when major developers like the locally owned Central Country Estates, Inc and St. Catherine Realty and Development Corporation have began developing raw lands or agricultural lands to residential subdivision for the middle and upscale class of the Pampanga populace in the middle of nowhere as what they have envisioned in order to meet the demand. Also sharing the piece of the pie in the real estate development are low-cost home builders and low-cost subdivision developers who have made affiliations with Home Development Mutual Funds in providing homes for those who are seeking affordable homes through Home Development Mutual Funds or PAG-IBIG payment schemes.
Currently there are developments here that have sprouted sporadically from a small one hectare (2.5 acres) to whopping 400 hectares of residential leisure estates (900 acres) has been steadily undergoing construction. To add other development going on in Pampanga infrastructure development and rehabilitation of existing road networks, bridges and others will suffice the growth of these areas once they are readily available. An example of this is the on-going construction of the Subic - Clark - Tarlac Expressway (SCTEX) will be completed by the end of this year with addition of exits and interchange going to towns where this road links to Subic Bay Freeport's Tipo Road connection.
The top developers such as Ayala Land Inc (ALI), Robinsons Land Corporation (RLC), Filinvest Land and Fil-Estate have been viewing this region as the new growth corridor for development and have already invested in real estate development of residential subdivisions, malls, factories and production plants of consumable goods and others.
As Pampanga arose from the ashes brought about by Mt. Pinatubo eruption in 1991. The Kapampangan envisioned their homeland as a progressive as ever even if we have experienced the difficulties and trials in the past as we move on to the future.
About the Writer
CRB Benedict Baluyut is an associate real estate professional of C. F. Baluyut Realty with PRC REB License No. 8358. He is the current Vice President for External Affairs with Real Estate Brokers Association of the Philippines, Inc (REBAP) - Pampanga Chapter.
Copyright 2007-2019. Pampanga Real Estate Guide, Trend and Review TV. All Rights Reserved.
1 comment:
I have information about Makati one of the known place business and entertainment capital of the Philippines, Makati is the hub of urban energy and vigor.Investment in these area is truly profitable.
Goochland mls
Post a Comment