A Malaysian conglomerate, with its real estate unit, has joined in the effort to address the perennial housing backlog in the Philippines, by entering a joint venture (JV) with a local developer. Know more:
A MALAYSIAN conglomerate, with its real estate unit, has joined in the effort to address the perennial housing backlog in the Philippines, by entering a joint venture with a local developer.
“Its for open market but we are primarily offering it to military and police personnel,” ALDC Chief Executive Officer Erick Armigos told the BusinessMirror in an e-mail interview. “We have the option to offer it to OFWS [overseas Filipino workers] in Malaysia and Singapore.” “Malaysia has a large contingent of overseas Filipino workers, a big reason we chose this particular project is to give these workers more housing options when they come home to retire, or even just to buy for their families here,” he added.
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