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Philippine real estate 'primed' for further growth, says developer

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ABS-CBN News

<figure class="op-interactive"><div id="IVS_ABS_Body_Video_1_Container"> <ivs-player id="IVS_ABS_Body_Video_1" data-ivs-spid="3001339" data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-vid="1388288" data-ivs-floating="1"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js"></script> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script> </div></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA – The real estate sector is “primed” for growth as the growing economy enables more Filipinos to purchase homes, a property developer said Friday. </p><p>&quot;Today you will find that people of the Philippines have the economic means to buy their own homes. They’re now more able to become owners rather than renters,&quot; said SOCResources Inc chairman Edgardo Reyes on the 25th anniversary of the company&#x27;s listing on the local bourse.</p><p>&quot;The opportunity is the unmet demand is quite substantial and I think there’s no argument about it. I think we’re primed for that with the Philippine economy growing at its current phase,&quot; he said. </p><p>SOCResources has a mix of mid-rise and high-rise projects in Luzon and a P500 billion initial investment in an agro-industrial project in Palawan, Reyes said. </p>

<p>The real estate firm, which is celebrating its 25th listing anniversary in the stock exchange, has a mix of mid-rise and high-rise projects in Luzon and a P500 billion initial investment in an agro-industrial project in Palawan.</p>

The real estate firm, which is celebrating its 25th listing anniversary in the stock exchange, has a mix of mid-rise and high-rise projects in Luzon and a P500 billion initial investment in an agro-industrial project in Palawan.