NLuzon development waiting for more infrastructure

DEVELOPMENT of hospitality and tourism-oriented projects in Northern Luzon may be slower than in other parts of the country because developers are waiting for major infrastructure projects to be completed, an executive from real estate analysts Jones Lang Lasalle Philippines said.

In a recent interview JLL country manager Lindsay Orr told The Manila Times that there is no clear reason for the current concentration in the Visayas and Mindanao of hospitality and tourism-oriented projects by major property developers, other than accessibility issues due to a shortage of infrastructure.