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This week in real estate: November 24-28, 2014 by MyProperty.phPublished: November 28, 2014Updated: December 2, 2014

Policy makers urged to support Manila decongestion, BPOs still prefer NCR and more

Stay updated with the country’s real estate industry. We chose five of the industry’s top stories, so you’re aware with the latest industry developments.

This week it seems real estate companies are setting their sights outside Metro Manila. Ayala Land announced their massive project in Central Luzon, while property analysts are urging the government to build infrastructure supporting developments outside Metro Manila. BPO firms however, are still sticking to the capital.

Ayala Land investing P75B to develop nature-based community in Central Luzon
Ayala Land is developing a P75B project in Porac, Pampanga. The venture, dubbed Alviera, will be a 1,100 hectare mixed community designed to be the first residential, educational, and recreational center for Central Luzon.
Yahoo; November 24, 2014

Policy makers urged to support decongesting Manila in order to sustain economical growth
A real estate consultancy firm urged local policy makers to pursue ways to decongest the country’s capital in order to sustain economic growth. The firm recommended building infrastructure to support new central business districts and special economic zones located outside the capital.
Inquirer; November 27, 2014

UAE-based group eyes big-ticket projects in PH
A multi-billion dollar conglomerate based in the United Arab Emirates plans to establish big projects in the Philippines. The Al Ahli Holding Group is eyeing several projects in real estate alongside other projects and industries.
Inquirer; November 27, 2014

BPOs still prefer NCR
Real estate experts noted that while some BPO firms have expanded in cities outside the Metro, a majority of investors still prefer setting up their offices within the central business districts in Manila.
Rappler; November 27, 2014

SM raised $400m
SM Prime Holdings announced that the company raised 18 billion pesos ($400 million) to support their capital expenditure and their partnership with the OCLP (Ortigas and Company Limited Partnership).
Asia Nikkei; November 27, 2014

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