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29 March 2024

First Pinoy Property Show this week

Published
By Staff

Major developers and financial house from the Philippines including Robinsons Land, Ayala Land, Vista Land, Century, Pag Ibig Funds and many others will take part at the first-ever Pinoy Property Show in Dubai, show organisers said in a media statement today.

The property show, to be held at Dusit Thani Hotel from April 25 to 27, will provide an opportunity to secure a property back home to Overseas Filipino Workers (OFWs).

Philippines realtors including Robinsons Land, Ayala Land, Vista Land, Century as well as Pag Ibig Funds, that will be exhibiting at the show tailored terms for Overseas OFWs. The event is expected to have participation of more than 20 local and foreign investors.

“We are delighted to receive overwhelming response since the announcement of the show,” said Maricel Ilagan Elsherbini – Exhibition Manager at Alpha Conferences. “A large [number] of developers and finance houses expressed their interest in taking part at the exhibition that will witness the attendance of Grace Relucio Princesa Ambassador of the Republic of the Philippine and Frank R. Cimafranca, Consul General,” she said.

According to her, the exhibition represents an ideal platform for Filipinos interested in various investment opportunities in owning their own houses spread in different cities in Philippines including Cavite, Tagaytay, Cebu, Patangas, Pampanga, Metro Manila, Antipolo and Tarlac.

Speaking about special offers being given to buyers, Maricel noted that there will be special promotion for the first 50 buyers on the first day of the exhibition (Thursday 25th April).

Philippines is currently experiencing one of the best markets for real estate, and is expected to sustain its growth in terms of office, residential, gaming and leisure sectors. A significant percentage of the overseas remittances escalated the remarkable sales of residential condominium market last year. With the migrant workers’ buying potential, OFWs fuel the market boom.

Analysts say that currently the construction sector in the Philippines contributes roughly about 8 to 9 per cent of the GDP, while real estate services are at 11 per cent. This reflects investment opportunities on the property industry to foreign investors.