Manila rising, so are rents as confidence in Philippines grows

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Nowhere is it more obvious than at Bonifacio Global City, a commercial and residential property development on a portion of land carved out from Manila’s biggest army base.

Originally sold by a cash-strapped government in the mid-1990s, building only got underway in earnest during the last six years after Ayala Land Inc took ownership. Under the Spanish-Filipino business clan that runs Ayala, construction is now going at full tilt.

"Work here is 24 hours," said Renel Reyes, an engineer and property manager overseeing a 30-storey tower due to be completed by the year-end.

Taken from:

http://au.news.yahoo.com/thewest/a/-/world/15478423/manila-rising-so-are-rents-as-confidence-in-philippines-grows/

J.B.M.
Real Estate Broker
PRC Reg. No.: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

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