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12 Oct, 2014

Real estate industry bullish on ASEAN 2015 | Manila Bulletin

The (ASEAN economic integration in 2015) would require more commercial and residential infrastructure for highly urbanized cities within the region including key cities of the Philippines, according to property developers.

Noel Cariño, President of Chamber of Real Estate and Builders Association (CREBA), the country’s largest organization of key players in the domestic real estate industry, said this as he expects the Philippine real estate industry to grow further next year because of the ASEAN integration and the region’s increasing role in global economy.

Carino said the ASEAN integration will change the economic landscape of the whole region, particularly the real estate market.

“Residential, commercial and retail developers, which will be exposed to international market, will expand their operations and acquire properties inside and outside the country. While foreign investors and corporate executives with local operations in the country will look for residential spaces for a place to stay,” he added.

Read the rest: Real estate industry bullish on ASEAN 2015 | Manila Bulletin | Latest Breaking News | News Philippines.