Happy Chinese new year! According to feng shui experts, the Year of the Metal Tiger is a good year for the real estate industry. The earth will be the governing force of 2010, and real estate’s close association with the ground makes it off to a good start this year.
Non-feng shui experts also have favorable business forecasts for the year 2010. The Philippine real estate industry was fairly resilient in the face of the global financial crisis, and a number of developers boosted their budgets and launched a number of developments this year – many of them high end. For instance, Metrobank Group of Companies’ property arm will be constructing projects such as the third and fourth sector of the Marquinton Garden Terraces in Marikina, three more high-rise buildings in Binondo, Makati, and Fort Bonifacio. Eton Properties will be launching four to five new projects this year, including the Centris condominium, 8 Adriatico, and Eton Tower City. Finally, Robinsons’ Land Corp has the Signa Designer Residences in its lineup as well as affordable units at Gateway Regency.
Over the next four years, over 5,000 residential condo units will be completed in the Makati Central Business District. Outside this, around 20,000 condominium units will be available for selling and occupancy. With so many options and so many affordable payment schemes available, now is definitely a good time to invest in your own condominium!