Waiting for the upturn

Article Abstract:

The Philippine real estate industry has been adversely affected by an oversupply of residential and office buildings. Real estate developers specializing in condominiums for the low- and mid-price markets also have been hurt by oversupply. The housing market has been hurt by interest rates as high as 24%. Real estate analysts believe that demand for low-priced housing will buoy the industry and that the industry will undergo consolidation.

Real Estate, Real Estate and Rental and Leasing, Real estate industry

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Teeing off the leisure industry

Article Abstract:

Gotesco Land Inc. (GLI), the Philippines-based real estate developer, is one of the Ever-Gotesco group of companies. Formerly Suircon Resources Corp., which was acquired by the Ever-Gotesco group in 1992, GLI develops leisure industry land development projects, such as resorts and golf courses. GLI currently is developing a 500-unit beachfront resort in Batangas and a 310-unit mountain resort. Two golf courses also are being designed.

Economic aspects, Leisure industry, Golf courses, Gotesco Land Inc.

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Eco-friendly niche projects

Article Abstract:

The Philippine real estate developer MRC Allied Industries Inc. has become the largest property company in the Philippines outside of the main island of Luzon. MRC President Benjamin Bitanga says that his firm likely can beat the projected slow-down in the Philippine real industry due to its exposure to non-Manilla properties. Bitanga believes that Cebu and Leyte, where it has major projects, will continue to prosper.

Interview, MRC Allied Industries Inc.

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