MANILA , Philippines – The country’s real estate companies maintained strong sales throughout the year despite the effects of the economic crisis and recent typhoons, according to property consultancy firm CB Richard Ellis (CBRE).
“Major (real estate) companies defied the global economic slowdown. A lot of them explored BPOs (business process outsourcing), retail projects…and ended with better-than-expected profits so far this year,” CBRE chairman Rick Santos said.
“We thought that 2009 would be an extremely rough year for the industry, but it showed a lot of positive signs. Everyone’s optimistic now about 2010,” he added.
CBRE director of research Victor Asuncion said retail projects showed the most resilience, including SM hypermarkets, Waltermart, PureGold, and Robinsons supermarkets.
“Most developers are identifying pockets of growth outside Manila to capture a different market and identify niches. Retail for convenience has become the thrust in Metro Manila this year. Outside Metro Manila, it’s the traditional type malls and department stores,” Asuncion noted.
For his part, CBRE vice chairman Joey Radovan said even typhoons “Ondoy” and “Pepeng” (international code names Ketsana and Parma, respectively) hardly put a dent in real estate sales, particularly condominium sales.
Radovan said prospects are brighter next year as demand continues to rise. –Michelle Orosa, ABS-CBN News
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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