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Pandemic pushes Pinoys to invest
22 Feb 2021 The SMDC International Sales Team led by director Norberto Layug Jr. at their recent courtesy call to Ambassador to the UAE Hjayceelyn M. Quintana (middle) at the Philippine Embassy in Abu Dhabi.
Mariecar Jara-Puyod,
Senior Reporter
Overseas Filipinos (OFs) including from the UAE and other parts of the Middle East have been noted to engage in real estate/property development investments back home.
This was from two separate remote Monday interviews with officials from two of the Top 5 Philippine property developers (as of March 2020), namely SM Development Corp. (SMDC)-Operations vice president Joseph Anthony Teves and Freedom Sales Corp. partnered with Filinvest-Europe/Middle East/Asia Maynard Portugal.
SM Prime income dips in 2020 as core businesses reel from pandemic restrictions
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Metro Manila (CNN Philippines, February 15) SM Prime Holdings Inc. earned less in 2020 as its main businesses gradually recuperate from restrictions to public mobility in light of the pandemic.
The integrated property developer disclosed to the local bourse its consolidated net income of ₱18 billion last year, less than half of its earnings of ₱38.1 billion in 2019.
SM’s mall business reported ₱23.6 billion in revenues this 2020, down from the ₱57.8 billion recorded the year prior. The rent income of these malls, meanwhile, hit ₱21.8 billion, also smaller than the ₱48.4 billion in 2019.
Published January 29, 2021, 9:43 AM
Property investing is all about being at the right time at the right place
Real estate remains the gold standard of investments. It is one of the safest options available to everyone, and it providesstrong and steady returns. Through the booms and busts of the Philippine economy, the real estate industry has shown impressive resilience, even in a year of pandemic-induced downturn.
However, to fully reap all the benefits, an investor must know the right time and place to invest. Location is, of course, the most commonly known factor.
Las Piñas, nestled south of Metropolitan Manila, is projected to be one such bright spot, thanks to its being flood-free and business-friendly, its young population, and its proximity to central business districts.
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