By Elizabeth Sanchez-Lacson
Inquirer

MANILA, Philippines–Legacy Ventures Realty and Development Inc. is investing nearly P1 billion in its maiden condominium-townhouse project near the Manila Bay, its president said.

Dubbed the Sentosia, the project features 127 exclusive clusters of duplex and quadruplex housing units, bearing a modern Singaporean design.

Sentosia is five minutes away from the SM Mall of Asia and 15 minutes away from the domestic and international airport.

[Read the rest of this entry »]

By Tessa Salazar
Inquirer

MANILA, Philippines–Property experts note that aside from “good sign” the deluge of condo developments brings for the Philippine property market, it gives prospective buyers more choices in terms of size, design, location and price.

Global Property Guide’s chief economist Prince Christian R. Cruz notes that the more options available, the better it is for buyers.

Richard Raymundo, Colliers International’s director for research and consultancy, says that as with other industries, a more robust property sector would contribute more to the economy and also increase property values. He also says another positive result of a property sector boom is increased employment for the construction outfits.

[Read the rest of this entry »]