![]() ![]() In townships, residential units are developed among corporate offices, retail shops, leisure establishments, and sometimes even schools. And this is precisely why integrated townships have become highly popular in recent time.Ī township is what property developers call a particular kind of master planned, self-contained mixed-use development where residents are given access to facilities not only for living, but for working and playing, as well. Newly established families often take a more pragmatic approach to real-estate purchase, carefully considering all factors involved before eventually deciding on what to invest their hard-earned money on. While individual millennial prefer smaller and more compact living spaces wherever these may be, new middle-class families prefer a more integrated package where most everything can be had in one go. The growth of this particular socioeconomic class has, in turn, given rise to a new set of needs and wants, especially in the real-estate market. ![]() The new middle class was largely born out of the local business-process outsourcing (BPO) boom which lifted many individuals from unemployment, the preponderance of lucrative home-based teaching jobs, the advent of the uncollared work force, and the ubiquity of the Internet and mobile technology which gave young people entirely new skill sets. It has actually come to a point where a much larger number of people in the Philippines can now afford to buy real estate due to the increasingly favorable economic situation.Īs the country’s middle class continues to thrive and expand, it brings with it new preferences and new product demands that emanate not only from their enhanced ability to purchase but also from their need to ensure that their purchase will give the most returns. This is particularly true in the real-estate sector where shifts in property market preferences often reflect the state of a nation’s collective purchasing power. CHANGES in consumer demand are often anchored on a country’s economics. ![]()
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