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At the bustling and iconic district of Cubao, known as the belly of Quezon City, people can get to almost anywhere in the country as all modes of transportation converge  in its nooks and crannies — provincial buses, jeepneys, the Light Rail Transit, the Metro Rail Transit, and passenger vans to Bulacan, Rizal and other adjoining provinces.

Megaworld Corp. is expanding its footprint in the south with the opening of a new mall in the 561-hectare Southwoods City in the boundaries of Biñan, Laguna and Carmona, Cavite in October.

Millennium Pan-Asia Hotel and Resort Inc. obtained a provisional license from the Philippine Amusement and Gaming Corporation to develop a $300-million integrated resort and casino in Mandaue, Cebu.

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While stakeholders in the country’s property sector are committed to do their part in quelling the growing backlog in housing, several hurdles, particularly on the regulation side, continue to pose a challenge to developers.

Avida Land, one of the leading mid-market real estate developers in the country, recently welcomed new homeowners of Tower 1 of Avida Towers Altura, the latest addition to the vibrant South Park District in Alabang, Muntinlupa.

As the traffic woes in Metro Manila persist, developers continue to explore various opportunities in the residential market to be able to offer the market better qualities of life.

Employment in Metro Manila grew marginally in the first quarter as more workers were absorbed in the industry sector, the Philippine Statistics Authority (PSA) said.

While major property firms are expanding their footprints outside Metro Manila, one provincial developer is doing the opposite as it seeks more opportunities in the highly-competitive Makati office market.

As with other buildings designed by world-renowned architectural firm Skidmore Owings and Merrill, the 32-story The Curve in Bonifacio Global City is highly likely to become an architectural landmark and prestigious office address upon completion in October this year.

Judging by the slew of project launches, strong take-up in reservation sales, and sustained high earnings of property developers, it looks likely the real estate market will remain on an upswing over the next few years.

With the continued growth of the country’s tourism sector, property companies are increasingly dipping their hands into leisure-oriented developments.

The Philippine office market continues to display an optimistic outlook despite the persistent delays in project construction as demand continues to rise, real estate analysts said.

As a young student in Tokyo in the 1980s, Alfred Ty has always found Japan a memorable place that is rich in culture.