From the Business Mirror: With the passage of the Philippine REIT Act of 2009, Santos sees investment in the property sector to accelerate as more investors will seek more new opportunities previously limited to institutional investors.
Among the income-generating assets that can be converted into real-estate investment trusts are office buildings, residential condominiums, townhouses, apartments, shopping/outlet centers, tourism-related facilities such as hotels, resorts, restaurants, golf courses; health care (hospitals, nursing homes, retirement homes and drugstores); warehouses, R&D centers, and infrastructure such as expressways, railways, ports, power plants.
Radovan said Cebu is the next big thing as far as development of business districts is concerned. He said growth in demand has resulted in major developments in the office market in Cebu and the fringe areas of Lapu-Lapu City and Mandaue City.
“Cebu is the place to watch as far as development of business centers is concerned,” said Radovan. Continue reading here http://businessmirror.com.ph/home/companies/19533-rp-property-sector-resilient-in-crisis-2010-outlook-goodcbre.html
2 comments:
Radovan said Cebu is the next big thing as far as development of business districts is concerned.
Ayala Land
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New Punggol Condominiums
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