Part 2 of Still More Positive Outlooks on Philippine Real Estate
Friday, January 30th, 2009As a continuation on part 1 (http://www.realestatephilippinesblog.com/still-more-positive-philippine-real-estate-outlooks/), Part 2 of the Inquirer Article on Philippine Real Estate outlooks (found on http://www.inquirer.net/propertyguide/buildingblocks/view.php?db=1&article=20090123-185183) continues to emphasize the resilience of our property sector since OFW‘s still need a home to go back to here and want properties to relax in. It features interviews with JAO Builders VP of Marketing Erlinda Tiozon and a continuing interview with EDGE Properties and Kawayan Cove president Jose Razon Puyat III.
To be honest, Part 2 of the article was not as good as the first one because half of it just advertised Kawayan Cove and JAO Builders. Well, it did talk about their strategies on how to overcome the slowdown of the world economy, but it was quite redundant considering that the first part of the article already did that with other developers. I was hoping they would come up with more figures or substantial proof that Philippine Real Estate is indeed in good shape.
Well, let me do that for you by sharing what I’ve come across lately… Bloomberg has reported that the Philippine Economy grew 4.5% last quarter of 2008, which is higher than what the Philippine Government had anticipated. Of course, this means good news to all of us Filipinos because it shows that we are indeed resilient to the crisis. Since OFW’s still continue to remit money to their relatives here, we will still be OK. Of course, we can’t help but cut our spending since even some multinationals such as Intel, Yazaki-Torres and Toshiba are cutting out employees to save out labor costs. But, as long as our Business Processing Outsource Industry is still growing, Pinoys can still find new jobs, so this should keep our economy afloat.
Other than that, let’s just continue working hard for our loved ones and praying… Godspeed to all!
