MANILA, Philippines - Property developer Earth+Style Corp. is allocating P1 billion in 2010 for the development of seven projects in response to the growing demand of the middle market for more housing units, a company executive said.
Earth+Style president Victor Manarang said the company will be busy this year as the real estate sector is generally believed to grow, on strong macroeconomic fundamentals and steady inflows of remittances from Filipino expatriates.
“Earth +Style is going to push the expansion of its current projects in Laguna and Cavite to accommodate more clients,” Manarang said.
The seven property projects are the Jubilation Home Village West, Jubilation Home Village East, Jubilation Home Village South, Villagio di Xavier Dolce Vita and Summer Breeze County within Jubilation New Biñan, Laguna and The Promenade Residences and Casa Bellissima within Cavite.
Manarang said Earth+Style is giving an equal push in developing the projects in anticipation of a brisk demand for housing units mostly from the middle income segment, acknowledged as the biggest growth driver in the overall property sector.
He added the company is also going to expand its IT park development, One Asia Business Center to accommodate more locators in the near future.
One Asia Business Center is the anchor development within the Jubilation New Biñan township. It will offer office and commercial lots in a park-like setting. Land development of Phase 1B began last quarter of 2009.