Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Wednesday, 23 October 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << October 2019 >> 
S M T W T F S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2007/09/29

RP real estate industry grows 17.1%, an all-time high

Tacloban City (September 29) -- Even as the President speaks at the 62nd United Nations General Assembly about what the Philippines has been achieving in recent years and months, another good news comes along, the all-time17.1% growth of the country's Real Estate Industry.

A boom in real estate means good news to the whole economy. Those who are skeptical about the country's economic growth cannot deny the buoyant state of real estate in the country today. The current boom has held despite the dangling political news and controversies.

It is hoped that these controversies will not break down into instability, and that they can be resolved without too much collateral damage to the hard-to-achieve economic gains the country has made for the first time in decades.

Real estate industry growth is on an all-time high because of the very attractive packages and low-cost housing schemes offered by owners and developers.

The 17.1% growth was due to the increase in rent and lease of commercial and office spaces due to the newly established giant malls and shopping centers in the metropolis, and the booming business process outsourcing industry.

There is also a positive trend in housing as proven by the increase in the sale of residential subdivision and condominium projects which are very much in demand among Overseas Filipino workers (OFWs).

This trend is true not only in the metropolis but even in the far away villages in the provinces nationwide.

This good news should serve as an inspiration to the government leaders and workers who are sincerely doing their best to sustain the economic growth of the country.

It is also hoped that the skeptical and the pessimists among the Filipino people and leaders will see this as the turning point, for them to join the bandwagon of economic growth rather than continue to pull down the economy through their crab mentality.

Finally, it is hoped that such a trend in the country's real estate industry will continue. (PIA 8) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Super Region projects covered by adequate funds - Andaya
»Food fortification mandatory, says Davao dad
»CIIF-OMG to help coco farmers increase their yield
»Mindanao, first to be consulted on 2007-2016 TDP
»DOST assists SMEs in technology development
»Food packaging and techo support viewed in DOST SET-UP products
»Davao Light-DepEd values formation program on 6th year
»DOST Secretary sees rise in RP's R&D spending
»Davao Norte seeks conversion of provincial arteries into national roads
»Davao Norte gov impressed with newly-elected local officials
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines