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Top Real Estate News of the Week – Sept. 30 – Oct. 6, 2022

Need to catch up with what’s happening in the Philippine real estate industry? Here’s a roundup of the top real estate news this week (Sept. 30 – Oct. 6, 2022).

  1. Avida’s Pasay condominiums targeting young professionals

Ayala Land, Inc.’s Avida Land Corp. is offering two residential towers in Pasay. Both cater to young professionals who have made it in life. Centralis Towers on Taft Avenue is a one-tower high-rise condominium that targets affluent young people. Patio Madrigal, on the other hand, is a mid-rise development along Roxas Boulevard. It is geared toward established professionals who prefer living somewhere else besides Makati. Businessworld

  1. MRT-7 completion to boost property values along its route

Leechiu Property Consultants executives expect the values of properties along the Metro Rail Transit Line 7 (MRT-7) to appreciate further. This is after the 24.7-kilometer rail and road project completes at the end of this year. Areas that would benefit are North Caloocan, Novaliches, and other places where the MRT-7 will run along up to San Jose del Monte, Bulacan. Businessworld

  1. PDO says Pampanga project remains ‘flood-free’ 

Property developer Pueblo De Oro (PDO) said its residential subdivisions in Pampanga—Horizon Residences, La Aldea Fernandina, and Park Place Pampanga—have remained flood-free in their 20 years of existence. This, it added, is because of the flood control measures it put in place even before starting on the projects. It included spending P150 million to raise by 1.5 to 3 meters the 30-hectare property above its original level. Businessworld

  1. Ortigas Land’s GH Tower offers ‘workplace of the future’

Greenhills Center is set to get its own office building mainly catering to information technology and business process management companies. The 15-story GH Tower is a project of Ortigas Land. It offers a myriad of amenities and the convenience brought about by community features, being at the heart of Greenhills. Businessworld

  1. Remittances seen supporting property sales in Q4 

Sales of real estate properties to overseas Filipino workers (OFWs) should boost the business of Vista Land & Lifescapes Inc. in the fourth quarter. This is the expectation of the Manny Villar Jr.-led homebuilder, which has seen a significant improvement in sales to OFWs, buoyed by the higher value of the US dollar against the Philippine peso. Sales to OFWs account for 55 to 60% of Vista Land’s total residential sales. Real Estate News.PH

  1. GCash, Ayala Land eye virtual property shopping 

Real estate property buyers can now use GCash to view select properties of Ayala properties and pay for the reservation fee and even the monthly amortization. The mobile wallet has partnered with Ayala Land Inc. that lets users browse the real estate company’s listings, do a virtual unit viewing, and submit an inquiry, all through its GLife feature. Real Estate News.PH

  1. DHSUD breaks ground on housing projects in Bacolod, Roxas and Iloilo 

The Department of Human Settlements and Urban Development (DHSUD) recently broke ground on three housing sites in Bacolod, Roxas, and Iloilo. This is a part of the national government’s housing program aimed at helping informal settler families and low-income earners to have a house of their own. Under the program, the government will build 1 million houses every year for the next six years aimed at solving the 6.5 million housing backlog. Real Estate News.PH

If you’re on the lookout for some fun and interesting getaway within Metro Manila this weekend, here are the top spots to check out. Get more real estate news here at Enta. Browse through our articles on helpful tips when it comes to real estate properties in our resource page.