Roxas & Co. to boost projects in tourism centers
Publicly-listed Roxas & Co. Inc. is beefing up its presence in tourism centers around the country, expecting government investments in places like Batangas, Davao and Palawan to lead to higher sales.
Speaking at the sidelines of the firm’s annual shareholders’ meeting Wednesday, the Roxas group’s real estate arm said low interest rates and improved consumer confidence would also help boost sales for the company’s mid- to high-end home developments.
“There’s demand for houses all over the country,” Roxas & Co. chairman and CEO Pedro Roxas told reporters.
He said the company currently has P300 million to P400 million worth of homes in different projects around the country, particularly at the Orchards in Balayan, Landing Townhomes in Nasugbu, and the Anya Resorts and Residences in Tagaytay.
Most of these homes, he said, would likely be sold within the next three years as demand for new houses remains robust, supported by overseas Filipino worker remittances and low borrowing costs.
At the Anya development in Tagaytay, the company’s high-end residential project that also features a boutique hotel for tourists, over 85 percent of available homes have already been sold, Roxas said.
At Nasugbu, less than 40 percent of homes have been sold, he added.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94