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Pampanga real estate booming

CITY OF SAN FERNANDO - The real estate business in the province is now booming with the advent of the top developers in the industry  initiating major projects all throughout Pampanga.

Engr. Joliber Mapiles, a registered real estate broker and president of  Pampangahouses.com - a leading  local real estate website said that among the companies who already invested in the province are Ayala Land Inc (ALI), Robinsons Land Corporation (RLC), Filinvest Land, Fil-Estate and Pro-Friends.

They have  invested in real estate development of residential subdivisions, malls, factories and production plants of consumable goods among others.

He said the presence of these real estate companies is sending a good signal to the business world that the local economy is moving up even beyond expectation.

"This is definitely a great news for our folks in Pampanga. It will open job opportunities such as in the construction, sales and marketing industry," Mapiles added.

He claimed Pampanga moves towards urbanization which later on will  improve attractiveness for residential developers being a promising place for investment.

Recently, Dr. Cid Terosa of the University of Asia and the Pacific, in her study named Pampanga as one of the top 10 provinces in the Philippines in terms of economic and business growth.

Terosa’s study, entitled “Market Potential and Prospects of Philippine Regions, Provinces and Cities,” ranked Pampanga sixth among the Top 10.

He described Pampanga as “ahead of the pack,” based on its index of economic and business activity in 2011.

Aside from this, Mapiles likewise noted that the  province in third in the country with most number of Overseas Filipino Workers (OFWs)  with about 115,795 migrant workers.

"Pagdating sa market targeted tayo, daang daang libong kaanak ng ating mga kababayan ay nagtatrabaho sa aboad. Siyempre itong mga OFWs nag iisip din sila na magkaroon ng sariling bahay na uuwian sa pagreretiro nila," he stated.

It was learned that Kapampangan OFWs recorded remittances of at least P16.6 billion in 2006 alone.

"Isa pa na dapat nating tignan ay iyong paglaki ng operasyon Diosdado Macapagal International Airport, bilis ng byahe natin going to Manila lalu at bukas na ang Mindanao Avenue sa NLEX pati ng iyong congestion problem sa Maynila. Kaya malaki ang hinaharap ng Pampanga sa real estate business," Mapiles ended.

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