Typhoon Ondoy damaged real estate to dampen property market
The damage to real estates caused by Typhoon Ondoy in Metro Manila and nearby areas has a dampening effect to some extent on investors in the property market in the affected areas.
Jaime Ysmael, senior vice-president and chief finance officer of Ayala Land Inc. (ALI), made this assessment on the impact of the flooding in those areas on the local property market.
“It will dampen the interest of investors which is a natural reaction but we cannot be sure it is a permanent thing because people forget,” Ysmael said. Read more…
Categories: Philippine Real Estate, Real Estate News Tags: typhoon ondoy real estate
Ayala Land to venture into economic housing development
Ayala Land Inc. (ALI), the property arm of conglomerate Ayala Corp., will develop a 20-hectare lot near the Sta. Rosa, Laguna-Tagaytay area with an estimated development cost of P2 billion.
This was revealed by Jaime Ysmael, senior vice-president and chief finance officer of the Ayala Land Inc., to reporters at the launch of the Certificate of Real Estate Investment Finance (CREIF) program.
He said the new development would start in the first half of next year. Read more…
Categories: Philippine Real Estate, Real Estate Investment, Real Estate News Tags: ayala land housing project
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