Economic development continues to prosper with the continuous growth of foreign investment, the influx of expatriate workers, and the increasing off-shoring and outsourcing industries. These factors helped shape real estate boom that is rapidly changing the skyline not only in some particular region but also in other provincial cities in the country.
The country’s credit rating shows that the economy is doing well which put the Philippines in Conde Nast Traveller Magazine’s list of best destinations to travel. The country garnered more recognition followed by international publications featuring a palpable buzz of optimism and confidence across the property market.
Ayala Land, the largest property developer in the country, has launched 67 projects in 2012 ranging from residential and commercial development nationwide. ALI is also known to be the most diversified developer who has contributed a lot in the field of real estate.
In the mid-January of 2013, they launched 21-hectare Circuit Makati project with the Philippine Racing Club Inc. Makati’s newest entertainment hub features three distinct venues for everybody to enjoy.
SM Land, Inc. is a fast-rising residential property developer in the country producing quality and elegant real estate properties all over the country. SMDC was one of the three top corporations which were included in Forbes Asia’s 200 “Best Under a Billion”.
In 2011, Andrew Tan’s Megaworld Corp. dominated the market property map with its recognition as the country’s top residential condominium developer. It was a listed as the largest builder of residential condos regarding units completed in 2010. Megaworld has expanded its corporation in Iloilo City providing more quality condos and other real estate properties that make Iloilo as one of the business centers in the Philippines.