Philippine Property Show to Begin in Abu Dhabi Today

The show will showcase various condominiums and house and lot projects by top property developers in the Philippines, including Megaworld, SM Development Corporation, AboitizLand, AyalaLand, Alveo, Avida and Hamilo Coast. Jovy Tuano, show director and chairman of the Philippine Business Council, said property prices at the show are very affordable for any average-income Filipinos who are looking at buying their first homes, with prices ranging from Dh136,000 for studio flats and a monthly rate of as low as Dh1,246, depending on the financing plan.

Some of the furnished residential condominiums that will be on showcase include, Grass Residence at SM North Edsa, Sea Residence at the Mall of Asia Complex, Morgan Suites and Venice at Mckinley Hilll Village in Bonifacio Global City (Fort Bonifacio) and Suntrust Parkview in Central Manila.

Prices range from Dh136,000 for a studio and starting from Dh190,000 for a one-bedroom condo. The units are primarily located at Makati, Central Business Districts, Fort Bonifacio, Manila area, Quezon City and Cebu City.

Master-planned developments will also be on showcase during the show at prime locations in Metro Manila and the countryside. House and lot prices for a two-bedroom house in the suburbs starts from Dh190,000, while for those opting to invest in lots, the going rates are from Dhs615 per square metre in the south of Manila.

Those on feature include Lorenzo by Avida and other properties in South Manila and Cebu by Aboitizland.

More than a thousand serious buyers, including western expatriates and emiratis from the other emirates, are expected to attend the two-day event and “seriously look into the Philippines as an investment destination,” said Tuano who is also the MD of Asia Gulf LLC, an Abu Dhabi-based company engaged in trading, commercial brokerage and project management.

The first edition of the show which was held in Dubai in September last year generated around Dh38 million (500 million pesos) worth of investments in the country’s real estate projects. Alongside the exhibition, a series of informative seminars which will be conducted by Philippine property experts and representatives of major real estate developers.

· olivia@khaleejtimes.ae