It’s no big surprise that the global finance crisis is going to make things hard for the Philippine real estate industry, but even Ayala Land Inc. and SM Prime Holdings, the country’s biggest real estate moguls, aren’t too optimistic about the year 2009. According to Ayala Land president Jaime Ayala, the company’s sales of low [...]
Despite the current global financial crisis, the Philippine government is still planning to push through with introducing Real Estate Investment Trust (REITs) into the local equities market. REITs are legal entities whose functions are to allow small and large investors to participate in owning income-producing real estate properties and other similar assets. REIT shares are [...]
Two new real estate investment laws are expected to encourage Filipinos and OFWs to explore investment opportunities or retirement options in the Philippines. According to the Asia Pacific Association of Fiduciary Studies (APAFS), the Personal Equity Retirement Account (PERA) that was signed into a law last month, and the pending bill Real Estate Investment Trust [...]
