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Why Invest in our Real Estate Properties?
In this outline you will see the major events in Philippine history
and their effects on Philippine real estate in the past, the present and
how they will shape the future.
| The Past |
- In the 1960s, the center of trade and industry was in Escolta
in Manila. At that time, areas like Makati, Pasig were grasslands
and the price of land in those areas were at P30 per sq.m. EDSA
was a two lane dirt road.
- 1970s - EDSA became the major highway and areas along it like
Cubao and Makati began to flourish. Makati became the business
district.
- 1972 - Declaration of Martial Law.
- Metropolitan Manila was created as a region to be known as
Region IV, later called National Capital Region (NCR) by Presidential
Decree No. 879. Towns like Pasig became municipalities of Metro
Manila.
- CALABARZON (Cavite, Laguna, Batangas, Rizal and Quezon) has
been designated by the government to be the next area of development.
- Development of the North and South Luzon Expressway and Marcos
Highways.
- 1986 - EDSA People Power 1.
- 1990s - Construction of highways like the C-5, Metro Manila
Skyway, coastal roads and fly-overs. Construction of the Light
Rail Transit and Metro Rail Transit.
- 2001 - EDSA People Power 2.
- Just as what happened with the EDSA highway, areas along the
C-5 road like Fort Bonificio in Taguig and Libis in Quezon City
started to flourish.
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| The Present |
- Metro Manila - Makati is now at around P150,000 per sq.m.
- Pasig - Ortigas center is now a booming commercial and residential
area with its own skyline.
- Fort Bonifacio in Taguig is poised for major development of
office and apartment buildings and is considered to be the next
Makati.
- The CALABARZON provinces are developing self-contained communities
with the rise of subdivisions with residences, office buildings,
schools, shopping centers, recreation and churches.
- Tagaytay is no longer just a vacation place but is also becoming
a permanent place of residence.
- The Ninoy Aquino International Airport 3 will soon open.
-
The Department of Public Works and Highways
has prioritized more road projects in the CALABARZON area such
as the:
Southern Tagalog Arterial Road (STAR)
- a 20 km. 2 lane highway from Lipa to Batangas City, to be
opened to traffic within 1 year connecting the already completed
20 km. expressway from Sto. Tomas to Lipa.
Manila-Cavite Toll Expressway - 7 km.
4-lane Zapote to Kawit segment
South Luzon Expressway Extension -
Phase I: Alabang Viaduct Rehabilitation and Calamba-Sto. Tomas
Extension
Phase II: Alabang-Calamba Widening and Rehabilitation. The project
will undertake full rehabilitation, upgrading and expansion
from 4-6 lanes of 28.6 km road.
Phase III: Calamba-Sto. Tomas Widening. Construction of additional
7.8 km. 2-lanes.
Phase IV: Sto. Tomas-Lucena. Initially 2 out of 4 lanes and
is 56.6 km. road.
C-6 - a 48 km. four-lane tollway that
will link SLEX (at Alabang) and NLEX (at Meycauayan), via Taguig,
Taytay, Antipolo, Marikina, San Mateo, Rodriguez and San Jose
del Monte.
CALABARZON Expressway - For feasibility
study by the Philippine Infrastructure Corporation. New North-South
roadline between Noveleta and Tagaytay City located west of
Aguinaldo Highway with a total road length of 50 km. To provide
alternate route and congestion relief to Aguinaldo Highway for
commuters and industrial products.
Metro Manila Skyway Extension - Stage
II: Bicutan to Alabang
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| The Future |
- Expect progress to continue in Metro Manila and out towards
CALABARZON. As more highways are being constructed, more communities
will be developed along them.
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| Conclusion |
| Despite the Martial Law, coup d' etats and People
Power revolutions, Real estate in the Philippines has been a slow
and steady development, as in most countries, making it a good long
term investment. Presidential Decrees and priority projects have specified
which regions the Philippine Government intends to develop. The real
estate projects developed and marketed by Fil-Estate are right at
the heart of these regions. Don't get left behind waiting to buy future
prime locations when prices are already sky-high. Take
advantage of the low prices now! |
View the Fil-Estate projects in the Philippines |
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