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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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