The Philippine Real Estate has never been the same ever since the economy has picked up it’s pace these past years, catapulting the country to a level wherein it is now considered as ground for viable investments in a global scale.
With the growth of the country’s market, came the birth of increasing demand for residential and commercial venues all over the metropolitan cities in the nation, hence the playing field for real estate and construction. This almost sudden raise in the need for condominium buildings and townships was felt in the 1st quarter of 2012 and has now becoming a steady pulsating force that fuels development in almost all of the notable booming cities around the archipelago.
Here are the top 5 Real Estate Developers of the country:
1.) Megaworld Corporation
Considered as THE authority in residential condominium development, Megaworld Corporation has pushed the envelope and limits of townships by making cities with-in cities. They have developed the live-work-learn-play concept. The corporation crafted their townships so that everything that a resident or investor may need will be with in range of their properties which really out-sells most of the other developers.
Megaworld corporation was named by the Colliers International Research as the top builder of residential condominium. Some of the townships and expansion that has earned Megaworld its accolades are as follows:
• Eastwood City township in Libis, Quezon City
• McKinley Hill
• Forbes Town Center
In 2013, Megaworld apportioned 25-Billion Php to develop its newest township in the Visayas. The Iloilo Business Park will be the corporation’s throttlehold in the western region of the Visayas, making this 54 hectares of land the center of trade and prime residential hub.
2.) Ayala Land
Named as the most diversified developer in the country, Ayala Land has a large portfolio of real estate developments all through out the country. Once considered as the ‘high-end’ developer of residential and commercial establishments, producing upscale venues, Ayala Land has reached out to the majority of the masses and provided affordable housing yet maintaining their construction arm for BPO companies and leisure locations and hotels.
3.) SM Land
Known for their famous string of shopping malls, which has recently opened another massive commercial center in Davao City, SM Lanang Premier, SM Land has also ventured in providing detached retail chains (SM Hypermarket & Savemore Supermarket). SM Land’s residential developing wing, SM Development Corporation (SMDC), was listed as a contender in Forbe’s Asia’s “Best under a Billion” list. SM Residences’ is aimed at the premium middle market, providing high rise condominium living, making actress, Anne Curtis their official endorser.
4.) Robinsons Land Corporation
Based on a 2012 poll for Best Managed company in Asia, Robinsons Land Corporation ranked first. They have had a revenue of 10.56 Billion in the first half of 2012. They have made government transactions like processing papers for LTO, GSIS, Pag-Ibig, etc convenient for mall goers, enlarging their shopping mall base by allowing government offices to occupy mall spaces.
With all the expansion the corporation is undertaking, the development of its Hotel Chains like the Go Hotel has emerged.
5.) Shang Properties
Shang Properties, the property development wing of the Kuok Group (Singapore) used to have a partnership with the Ayalas in Makati. They have a renowned chain of hotels namely : Edsa Shangri-La, Makati Shangri-La, Shangri-La Mactan Resort and Spa and Shangri-La Boracay Resort and Spa. Their condominium development chain is also sprawling paving way to several residential properties all over the metro.
In the height of this economic boom that we have hoped for, we are expecting these titans to break new grounds and pave the way for homes and enriching lives.