SM Berkeley is a NEW Ready-for-Occupancy Katipunan Condominium located right in front of Miriam College, Katipunan Ave Quezon City It is constructed by SM development, the same developer of the famous SM malls around the Philippines.
Here’s another encouraging follow-up note for the resiliency of Real Estate Philippines amidst the global crisis:
Hongkong Shanghai Bank (HSBC) sees developing countries in Asia in a much better position to withstand the current global financial turmoil than during the 1997-98 regional currency crisis. While emerging Asia would slow down alongside the global downturn triggered by the US credit crunch, the region–the world’s fastest growing in the last few years–would likely remain resilient, HSBC group chief operations officer Michael Geoghegan said in an international teleconference late Monday.
In light of the current global slowdown brought about by the U.S. financial crisis, which originated from sub-prime property loans by the careless U.S. banks, we now reflect on the lessons that we Filipinos learned from our past. Builders have already started to review their plans amid fears that the huge Overseas Filipino Worker contingent that last year sent home more than 14 billion dollars, could shrink as jobs are lost in the recession-hit West. Two major players in Philippine Real Estate have already made some trimming moves to adapt to the current headwinds.
One Archers Place is a pre-selling De La Salle University condominium, right beside the Andrew Gonzales Hall along Taft Avenue. It is developed by Eton Properties of Lucio Tan, a relatively new player in the Philippine Market but already a very experienced one in Hong Kong with several projects there since 1986. One Archers Place started selling at P1.4M at Tower 1, but now the cheapest units are already at P1.8M at One Archers West Tower 2, giving property appreciation already to earlier investors.
