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A Guide to Real Estate and Medical Tourism Why These Industries

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A Guide to Real Estate and Medical Tourism Why These Industries Paid Advertisement Tuesday, May 1, 2012 SYNERGY MEDIA SPECIALISTS thePHILIPPINES A guide to real estate and medical tourism Why these industries should matter to Filipinos and Americans in the Bay Area Overseas Filipinos fuel property sector boom A Cause for Celebration and is expected to reach $20 area fuel a variety of sectors in tic market today include the investment opportunities in the - ‘Labor Day’ in the Philip- billion in 2012. the Philippines. building of high quality, life- country. pines. Of the ten million overseas While most Filipinos leave style driven developments de- According to the Republic Filipinos worldwide, an esti- the Philippines for better em- signed to meet the needs of Act. No. 4726 (the Condomin- Today, in more than eighty mated 200,000 reside in the ployment opportunities, for relatively affluent Filipinos. ium Act) as long as no more countries, the contributions San Francisco Bay Area of most, there is a strong desire Modern condominiums and than forty percent of the units made by workers to their re- California. Daly City in San throughout OFWs to return homes built in the Philippines in a project are acquired by spective countries are being Mateo County is home to one home later in life. today cater to the different in- foreigners, foreign nationals celebrated through Labor Day of the largest Filipino commu- The opportunity to earn a come brackets of OFWs. From are today able to buy condo- festivities. nities in the Bay Area with an higher wage abroad enables the mid-cost segment to the minium units in the Philippines. The impact of Filipino over- estimated Filipino population OFWs to provide their fam- luxury, high-rise residential There is a wide choice of de- seas workers (OFWs) on the of over 32,000. ily members back home with condominiums and homes, velopers to choose from when Philippines’ economy contin- Filipinos work in varied lines a better lifestyle through a new developments continue considering investing in prop- ues to fuel growth and cre- of work including doc- higher standard of living. As a to rise above the Metro Manila erty in the Philippines. While ate wealth and opportunities tors, physical thera- result of this desire to improve skyline and surrounding cities. industry heavyweights Ayala throughout the country. pists, nurses (see their lives and those of their These contemporary and Land and Megaworld Corpora- The estimated ten million page four - Medical relatives, houses and condo- impressive developments are tion continue to build in prime overseas Filipinos world- Tourism), accoun- miniums are considered to re-shaping the once dormant locations across the country, wide (11% of the total pop- tants, IT profes- be the most important invest- skyline of Metro Manila. relative newcomers are creat- ulation), are referred to sionals, engineers, ments OFWs can make in the This drive to create a glam- ing a more diversified and ac- as ‘modern day heroes’ architects, enter- Philippines. orous and modern property cessible property sector. Earth by both the Philippine tainers, techni- In addition to how OFWs sector in Manila is embodied and Style, Greenfield Develop- government and their cians, teachers, continue to provide better liv- by Paris Hilton’s endorsement ment Corporation and SMDC fellow countrymen. Re- military service- ing conditions for their rela- ‘Azure Urban Resort Residenc- are successfully offering alter- mittances from OFWs men, seafarers, tives back home, an increas- es’, a luxury property devel- native opportunities to poten- today account for students, care- ing number of Filipino ‘baby oped by Century Properties. tial investors. 13.5% of the country’s givers, domestic boomers’ in the Bay Area are The company has also recent- Developers are continually gross domestic prod- helpers and fast also looking to return to and ly collaborated with The Trump improving construction stan- uct (US$18.3 billion wood workers. retire in the Philippines in the Organization to bring the first dards while remaining focused - up 7% from Janu- Filipinos in the next five to ten years. As a re- Trump branded building – on offering quality, modern ary to November of Bay Area con- sult, the real estate and prop- ‘Trump Tower Manila’, to the developments at appropriate last year) tribute signifi- erty sectors in the Philippines Philippines. The tower will be a price points. With the industry cantly to a di- are being driven by the invest- 250-unit residential skyscraper heading in the right direction verse range ments being made from over- and promises to be one of the and OFWs and foreigners con- of industries seas Filipinos. country’s tallest buildings. tinuing to make investments, in the U.S. Property developers in the With the Philippines property interest in the property indus- while re- Philippines are increasingly boom not expected to slow try in the Philippines looks set mittances reaching out to OFWs in the down in the foreseeable future, to increase and further fuel the © Century Properties from the US. Trends in the domes- foreigners are also attracted to country’s growth. Home Loans This is our home. We did it with BDO. We work with you to give you the loan you want at terms you can afford. Visit www.bdo.com.ph Call (Intl. Access Code) +800-8-6318000 Paid Advertisement A GUIDE TO REAL EStatE AND MEDICAL TOURISM 2 Ten things you should ask your developer when investing in a condominium unit Rockwell Land, one of the most trusted premier real-estate notable 75% open space between 6 trict, top rated schools and hospitals. developers in the Philippines, gives us 10 questions that ev- well secured and magnificent towers, The Grove gives you the luxury of ery consumer should ask their real-estate developer. which only means more lush spaces space, security and comfort that only coupled with your peace of mind, as Rockwell can give. well as a retail area where you can find Catch Rockwell in the USA this “Who are the contractors and sub your everyday essentials. April – May 2012! For inquiries, call contractors of the project?” Located along C5, it is within com- 1877-OWN-ROCK and for online in- You will want your tiles to be made fortable distance to commercial cen- quiries, visit www.e-rockwell.com/ of ceramic for a cleaner feel and lami- ters, malls, the Ortigas business dis- grove. nated wood flooring to add an elegant luster to the area. Finishes should be easy to maintain and last for longer use. Q&A with Alfred S. Xerez- “Does the area of the condominium flood? How was the developer pre- pared for this?” Burgos III One of the basic misconceptions Alfred S. Xerez-Burgos III is the advantageous because of the large about condominium living is that President and Chief Executive Of- space that we’ve incorporated for floods are never a problem since the ficer of Landco Pacific Corpora- recreation. When in TRIbeca, you’ll units are several floors above the tion, a developer of leisure and never feel caged in your unit be- ground. However, one must still scru- luxury home communities as well cause of your very big back yard. I tinize the steps taken and functionality as resort-inspired condominiums don’t know how many condominium considered when the developer was all over the Philippines. developments can boast of having designing your home. your own football field, resort pools, “How much back up power is guar- It’s flagship development, Penin- jogging path, barbeque pits and so anteed and what areas are cov- sula de Punta Fuego in Nasugbu, much more. For the same reasons, ered?” Batangas, is the country’s first private TRIbeca is also advantageous for Developers often promise that they and exclusive seaside residential re- those who are still active in the United have back up power for you. Ensure sort. This along with other resorts de- States, and would like to visit the Phil- that you satisfied with the amount of veloped during the last two decades, ippines from time-to-time. We have “What amenities do you have? Can I reserve energy they have for your paved the way for the resort-inspired a rental pool where one can enroll a use them anytime I want?” convenience. In most cases, back condominium TRIbeca Private Resi- unit if it is not being used. Amenities are for sharing, and you up power is just assured for com- dences located along the highly ac- What are the advantages and ben- want to make sure the amenities are mon areas of your condominium. Or, cessible South Luzon Expressway in efits of owning in TRIbeca? well maintained, clean and orderly. if it reaches your unit, provision for Sucat, Muntinlupa. Landco is the purveyor of leisure Avoid overcrowded amenities that are electricity is only good for one or two What was the inspiration behind living in the country. Along with our only made available only depending socket outlets. TRIbeca? partners ATR KIMENG Land, we have on your scheduled time of use. “How much water supply is avail- There’s philosophy and theme, as it chosen the largest tract of land along “What is the elevator waiting time?” able in case of emergency?” translates to substance and form. the South Luzon Expressway corridor You would think that the provision of This is a feature that is provisional The philosophy behind every Land- just to be able to execute our con- adequate elevators in a development to particular emergencies, and yet is co project is to promote our brand cept. No other development can ap- is standard, but you can get stuck in an undeniable need when an unex- line, queuing to go up to your home.
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