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Sunday, May 25, 2008 |
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Communities Philippines |
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Building world-class homes for OFWs
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Today’s inward remittances from the 7.76 million Overseas Filipino
Workers account for almost 10 percent of the country’s gross
national product, according to the Philippine Overseas Employment
Administration. A third of these contributions are used in either
buying a home or land investments, which fuel the local real estate
industry. Despite the current depreciation of foreign currencies,
OFW remittances spent on real estate investments still remains
strong. In fact, for the first quarter of 2008, OFW remittances are
up 13.2 percent from the same time last year according to Bangko
Sentral ng Pilipinas.
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O T H E R R E P O R T S
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Nuvali evoliving
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An eco-friendly housing development
rises and shines in Laguna
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“Nuvali,” a new residential development in
Laguna is a joint project of Ayala Land and the Yulo Family. The
name Nuvali is a combination of two words “Nova,” which is a
birth of a star and “valley.” Nuvali would be comprised of three
prime residential enclaves: Ayala Land Premier, Community
Innovations and Avida.
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Siena Villas
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More than conventional townhouse living
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In the past 32 years, Camella has built over 150,000 homes in Luzon,
Visayas and Mindanao, making it the country’s single largest
homebuilder, providing affordable, high-quality residences and
master-planned communities to Filipinos who have persevered to be
able to live in their very own homes.
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Ascott International presents safe and
secure residences in the Philippines
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Ascott International recently held its annual fire and emergency
evacuation drill as part of the observation of Fire Prevention Month
as safety and security are key critical operational priorities of
the firm.
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