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Real Estate Outlook in a Duterte Presidency

Today, July 1, 2016, is the start of the six-year presidency of Rodrigo Duterte. While I did not vote for him (although I almost did, but only Jay voted for him), I wish him the best and I pray that the Lord will guide him as he leads our country.

I do feel his sincerity to serve the people and the country and I will do my best to support him in my own capacity. I have to admit that I have high hopes for his presidency, that I am very pleased to know that he is showing effort to include and listen to all sectors of society, and that I fully support his push for efficiency and excellence in the performance of government services.

From what I see, they want to hit the ground running and I appreciate their sense of urgency. Now if he could only work with VP Leni Robredo and not worry about hurting Bongbong’s feelings (How can Bongbong’s feelings be more important than the country’s interests anyway?), we will be off to an even better start.

President Rodrigo Roa Duterte
President Rodrigo Roa Duterte

Real estate outlook in a Duterte presidency

One of the major concerns whenever there is a new president is whether he will be able to maintain, bring to greater heights, or bring down the country.

With Duterte’s campaign slogan “Change is coming,” a lot of people were concerned if the change would include economic policies which helped the country move forward in the past.

Fortunately, it is now clear that what’s not broken will not be fixed, and that the change apparently only refers to current areas of improvement, so big sigh of relief here.

In any case, even before the elections, economists have already predicted that the Philippine economy will continue to flourish no matter who the President will be.

As for real estate in particular, so far the opinions of economists are generally optimistic – you can read about them here, here, and here.

Here’s a video from ABS-CBN News where businessmen are bullish on the Duterte Administration:

Real estate developments

I have been to many places in the countryside and believe me, a lot of them are really booming. Iloilo, Cebu, Bacolod, Dumaguete, Batangas, Quezon, among many others.

Here in the NCR, we can see a lot of roads and flyovers being built, the Skyway 3, MRT 7 and MRT 1 extension, etc.

So many news of developments of airports, the Clark Green City, Baguio, Davao, General Santos, etc.

The BPO business is still booming and taking up office space in major cities.

With the thrust of Pres. Duterte of development in the countryside, I am very optimistic that real estate development will really go through the roof. And we know this because the big developers like Ayala, Megaworld, Vista Land, DMCI, among others, are landbanking in the provinces. They obviously know what they are doing. They put their money where they believe it will grow exponentially.

When I have more time I will discuss these in more detail. In the meantime, let us wish our new President and his administration well.

Let us pray for our leaders and give them our full support. Let us remain vigilant and hold them accountable – but of course let’s keep the tone positive and with the end goal of helping the country since that’s what we all hope for.

Mabuhay ang Pilipinas! Pilipinas kong mahal.

Image source: http://transition.president.gov.ph/wp-content/uploads/2016/06/DU30-FP-Br1.jpg

Photo of author
About Atty. Cherry Vi Saldua Castillo
Atty. Cherry Vi Saldua Castillo is a Lawyer (Roll of Attorneys No. 55239), CPA (PRC CPA License No. 0102054), Real Estate Broker (PRC REB License No. 3187), and Real Estate Appraiser (PRC REA License No. 6918). She was also the 2013 Internal Education Head of REBAP-LMP and 2015 REBAP National Legal Counsel. She's the 2021 chapter president of REBAP-LMP.
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4 thoughts on “Real Estate Outlook in a Duterte Presidency”

  1. if lacson will focus in solving crime, corruption and illegal drugs, he could be the next duterte!!! As lacson has the potential to maintain of what would duterte may achieve, especially in anticrime and corruption..

    Reply
  2. “How can Bongbong’s feelings be more important than the country’s interests anyway?” Pres Digong uses Bongbong’s feeling which is only partly true, the biggest part is in the next sentence he utttered, he was hurt, his heart was hurt badly “nahiubos” in Bisaya language to Bicol region people dahil kulilat siya doon. You know matanda na siya at you know ang mga matatanda ay very sensitive. In Bisaya culture “bungol” ang kalalabasan nyan, bungol means walang pansinan, deadmahan. And as a retaliation he is not giving any position to VP Leni, a heavy message to Bicol people who did not listen to him. You should acknowledge that he is still a human being and a politician with lots of weaknesses. In Cebuano or Bisaya culture “kahiubos” is big thing, some resulted to suicide. It is up to VP Leni to pacify the President’s feeling. “Tampo” pala ang tagalog sa “kahiubos”, deeply matampuhin ang mga Bisaya.

    Reply
  3. I also pray that it is so. Kingdoms rise and kingdoms fall, rulers reign and they step down or pass. But one thing that remains the same – is the unchanging Word of God. I’ve learned in life that we should not rely on our own abilities, on our wisdom, intellect and riches. Please see Jeremiah 9:23, Psalm 49:6 and 1 Timothy 6:17. God bless you!

    Reply
    • And Bongbong’s giving in would be a good investestment in his political career being a good looser. He has to take into account that VP Leni afterall,
      is not in any way bad at all to the majority of the Filippinos as she may to her political opponents. To many….kibit-balikat na lang sila… ” politiko lang yan” so let’s move on my dear Bongbong.
      You see… Filipinos are now more united than ever, inspired on P Duterte’s administration for the most aspired peace, harmony and development of the Philippines.
      There’s so many things to tackle and we have no time to loose…
      SO PLEASE… LET’S GIVE THESE A CHANCE…
      a VERY SOON….
      PEACE
      HARMONY
      and
      PROGRESS…..

      MABUHAY ANG PILIPINAS!

      Reply

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