Stanley Gajete

UN, ADB: Climate change is a serious threat By Stanley Buenafe Gajete | News Climate change is inevitable although only a few individuals take this current global matter seriously. From recent news about the average temperature that goes up higher and higher through the years to the deaths of many forms of lives around the world, still, many of the countries ignore the effects of climate change in their lives. Maybe they cannot perceive it, or it might not yet matter to them… for now. The Intergovernmental Panel on Climate Change (IPCC) projected that the global temperature will rise by an average of 1.8-4.0°C by 2100. This would be evident in terms of increasing water temperatures, sea levels, and acidity levels of oceans; change in rainfall patterns; extreme droughts; and other extreme weather events. Sudden changes might extremely affect several sectors in any aspect of humanity whether economic, social, environmental and even cultural.

Amid slower economic growth, conventional demand drivers in PH strengthens property sector The Philippines’ Q2 2019 GDP growth was the slowest in four years due to the delayed 2019 national budget implementation and public construction decelerating due to its ban leading up to May 2019 elections. This was according to the recent findings of Colliers Research international. Based on the recent report, the current economic state is for property developers to expand their office, residential and hospitality footprints outside Manila. “Developers should seize this opportunity to build more offices in key hubs outside Manila, and acquire land parcels near soon-to-be expanded regional airports.”

Residential projects in Manila with foreign firms blooms By Stanley Buenafe Gajete | Business News A mix of local and foreign property investors are enticed by projects developed by local players with foreign companies, as pre-selling and secondary condominium markets in Metro Manila remains strong due to appreciation potential and a wider base of buyers following the influx of offshore gaming firms from China. The joint venture projects between foreign and Philippine firms are among the more expensive in the market, with the total contract price (TCP) per unit ranging from P7.6 million (USD149,000) to P31 million (USD607,800).