Because the supply of land in Metro Manila is starting to dwindle, many home buyers are looking outside of the metropolis to buy properties.

“The lack of available space in Metro Manila is making the capital region’s fringe areas like Santa Rosa, Laguna more attractive to foreign investors. Investing in these fringe areas is becoming the logical choice, with their lower labor and electricity costs,” said Duane Santos, Greenfield Development Corp. (GDC) executive vice president and general manager.

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