By Herbert P. Mapiles
Wednesday, May 22, 2013
CITY OF SAN FERNANDO -- The real estate business in the province is now booming with the advent of top developers in the industry initiating major projects all throughout Pampanga.
Engineer Joliber Mapiles, president of Pampangahouses.com -- a leading local real estate website -- said that among the companies which already invested in the province are Pro-Friends, Ayala Land Inc (ALI), Robinsons Land Corporation (RLC) and Filinvest Land.
They have invested in real estate development of residential subdivisions, malls, factories and production plants of consumable goods, among others.
He said the presence of these real estate companies sends a good signal to the business world that the local economy is moving up even beyond expectation.
"This is definitely great news for our folks in Pampanga. It will open job opportunities in construction, sales and marketing," Mapiles added.
He claimed Pampanga is moving towards urbanization which later on will improve attractiveness for residential developers, being a promising place for investment.
Recently, Dr. Cid Terosa of the University of Asia and the Pacific, in her study, named Pampanga as one of the top 10 provinces in the Philippines in terms of economic and business growth.
Terosa’s study, entitled “Market Potential and Prospects of Philippine Regions, Provinces and Cities,” ranked Pampanga sixth among the Top 10.
He described Pampanga as “ahead of the pack,” based on its index of economic and business activity in 2011.
Aside from this, Mapiles likewise noted that the province is third in the country with most number of Overseas Filipino Workers (OFWs) with about 115,795 migrant workers.
"Pagdating sa market targeted tayo, daang daang libong kaanak ng ating mga kababayan ay nagtatrabaho sa abroad. Siyempre itong mga OFWs nag iisip din sila na magkaroon ng sariling bahay na uuwian sa pagreretiro nila," he stated.
It was learned that Kapampangan OFWs recorded remittances of at least P16.6 billion in 2006 alone.
"Isa pa na dapat nating tignan ay iyong paglaki ng operasyon ng Clark International Airport, bilis ng byahe natin going to Manila lalo at bukas na ang Mindanao Avenue sa NLEx pati na ng congestion problem sa Maynila. Kaya malaki ang hinaharap ng Pampanga sa real estate business," Mapiles ended.
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