Look: A BGC in Every Region? Masterplanned Townships Spread Across the Philippines
Whenever experts and analysts talk about the massive opportunities in the real estate industry, chances are the discussions are focused on the Metro Manila market.
Data from real estate analyst Leechiu Property Consultants (LPC) revealed that there are at least 63
“What we’ve seen is that people will pay for planning,” said David Leechiu, CEO of LPC, in a media roundtable last September 18. “People will pay for
But LPC also revealed that such developments aren’t limited to Metro Manila. In fact, it identified more
The infographic above shows how many of these developments can be found in each of these provinces and cities. While areas such as Metro Manila and its surrounding provinces as well as Cebu and Davao have an expectedly large number of projects within them, LPC’s data shows that one can already find townships and mixed-use projects in almost every region of the country, which it dubbed as “unprecedented countryside development.”
In fact, Leechiu revealed that the largest
While SM Prime Holdings may have the largest project, it is not the most active developer of
“Megaworld and Ayala both have the timing right [and] the mix right,” he added.
Leechiu sees these
“I’m a big believer of Lio Tourism Estate because that will be the example,” said Leechiu. “It's probably the only place in El Nido where there's underground infrastructure, sewer treatment plant, waste management program, agriculture program to feed the community, employment program [and] transport program, all to reduce waste, all to conserve the environment and make it sustainable.”
“There’s a lot of infrastructure and planning that goes into that, whereas [elsewhere] it’s just total chaos,” he added.
Lorenzo Kyle Subido is a staff writer of Entrepreneur PH
This story originally appeared on Entrepreneur.com.ph.
* Minor edits have been made by the Townandcountry.ph editors.