Real estate developer Suntrust Properties, Inc. (SPI) a wholly-owned subsidiary of Megaworld Corporation, once again proves its potential in providing quality homes for every Filipino. SPI acquired two awards in the first-ever Carousell Property Awards last March 22, 2022, Wednesday. Suntrust Kirana as Best Affordable Condominium and Suntrust Verona as…
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Earlier this year, a think tank announced a bold forecast about overseas remittances. Amid the uncertainty of the pandemic, it will grow seven percent this year, according to Morgan Stanley Research. They said the oil price recovery in the Middle East region offers signs of economic recovery in countries that host overseas Filipino workers (OFWs). The accelerated vaccination program all over the world is poised to make borders reopen and ease travel restrictions, creating employment opportunities again.
All these factors support the positive growth prediction. But ultimately, the growth in remittances will fuel property investments. In this matter, it seems that locations outside Metro Manila fit migrant workers’ real estate buying needs. If you’re an OFW looking for your next property purchase, for sure, you can relate to these preferences:
Published May 1, 2021, 5:41 PM
The pandemic has an unprecedented impact in the lives and livelihood of each of us, drastically changing the way we live, study or work, and rest. With the wider acceptance of work-from-home setup or “telecommuting,” and online learning for students, the allure of countryside living becomes a realistic consideration.
It is now a possibility to be residing outside the periphery of Metro Manila or even farther such as those in VisMin cities, while still doing work efficiently or being able to enjoy the convenience of urban living such as accessibility to banks, hospitals, or schools, and availability of leisure and lifestyle spaces.