Real estate sector showing signs of recovery — exec

The real estate market, especially for the mid-income bracket, is slowly showing signs of recovery, according to Victor H. Manarang and Jacinto NG of Earth + Style Corp.

Manarang, chief executive officer of Earth + Style, said that the real estate sector has been on a recovery mode in the past two years.

The slow recovery has allowed Earth + Style Corp., a lifestyle property developer, to rack up P1 billion in sales last year.

It is hoping to double that figure to P2 billion this year with the launching yesterday of its latest property development in Biñan, Laguna.

According to Ng, Biñan is still within a reasonable commuter distance from Makati through the South Luzon Expressway (SLEX).

Earth + Style is developing a 150-hectare property in Biñan, Laguna which is adjacent to Ayala Land’s Verdana development.

Earth + Style’s first development was the Jubilation West which was already sold out. Jubilation West Offered only lots.

This time around, Ng said, Jubilation East offers lots only and house and lot packages geared specially for senior executives and managers.

Prices for lots only starts at P2 million, while the house and lot packages can cost up to P6 million.