Why Real Estate Business Popular in Philippines?

They’re popular places of residence for the masses, employees, businessmen, and investors because they offer lodging and everyday comfort. However, the actual estate with the most value is available in Makati, the financial center.

This is a result of their closeness to several businesses and office spaces, including clothing stores, malls, bars, restaurants, and much more. Therefore, renting apartments and homes are prevalent in Makati. For more information on real estate business, you can take a look on www.citiglobal.com.ph/.

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Condos, particularly, are highly popular in the nation, particularly among businessmen, investors, and high-ranking society individuals. This is particularly true in Makati as a financial district. Nowadays, the requirement for leasing condos in Makati has taken up, with more and more corporate officials and people wanting to get their own.

As an answer to the increasing demand of housing in Metro Manila, land giant Ayala Land Inc. (ALI) has formed a partnership with the Lucio Tan Group for a property undertaking in Mandaluyong City in a joint venture arrangement.

ALI chairman Fernando Zobel de Ayala and Lucio Tan signed the agreement recently and involve the use of properties held by the Philippine National Bank (PNB) in Reliance and Mayflower streets near EDSA. This was caused by a previous deal between ALI and PNB (throughout the middle-income housing subsidiary Avida Land Corp.) for a P6-billion venture to build on the bank’s 2.3-hectare asset.