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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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