Philippine Real Estate Attracting Investors
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| Filipino investors reluctant to put their money in financial instruments are instead investing in Real Estate Philippines, according to Philippine Daily Inquirer article that came out this Monday (click here for the article). |
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| The statement comes from Eton Properties president Danilo Ignacio, who added that confidence in the property sector had bounced back in the first quarter. As proof of this, Eton Properties posted a very encouraging p400 million in sales during this past quarter, which was higher than the 3rd and 4th quarter of 2008. |
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| Mr. Ignacio has attributed the strength of this quarter’s sales to the fact that Philippine Property prices have held up well despite the times, unlike other portfolio instruments which have lost money recently like stocks and derivatives. In fact, he says, Eton was even able to increase prices by “suppressing the supply” of properties, just like what other developers did. |
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| Also, there was an increase in the number of buyers willing to give a higher cash down payment for their property purchases, and so they get higher discounts as an incentive for these higher downpayments. I believe this is so because investors are simply transferring their money from losing investments to more lucrative ones, making sure that their money still works and earns for them. |
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| It looks like that previous articles I posted (click here to read related article) have proven to be true – that Real Estate Philippines is indeed a safe and resilient investment in these trying times. Indeed, even if the Philippine economy would slow down to 1-3 percent, this is still better than other countries since they are experiencing negative growth or recession. |
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| Because of this, Eton Properties has launched new projects slowly but surely. First, they launched West Wing Residences in North Belton Novaliches Q.C. and the One Archers West Tower in DLSU Taft (click here). Now, they are planning to open an 8.6-hectare subdivision project in San Bartolome, Fairview, Quezon City. They also plan to release the 20-hectare third phase of Eton City, a 1000-hectare township development in Sta. Rosa, Laguna. |
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| So, for those investors who still don’t know where to put their hard earned money, it’s time to put it into Real Estate Philippines. Inquire and earn now! |
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on Tuesday, April 28th, 2009 at 11:58 am and is filed under Real Estate Philippines News.
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