I am very excited to be part of the Pueblo de Oro family and the ICCP Group of Companies. Pueblo de Oro is a responsible and trusted real estate company with a 21-year track record, developing over 465 hectares spread over four provinces: Batangas, Pampanga Cebu and Cagayan de Oro. It has built 34 subdivisions with 7,600 units of quality house and lots and a world-class golf course.
For 2016, we aim to develop and launch more quality projects for the Filipino people.
This includes a new township in Batangas with our sister company Science Park of the Philippines, Inc.; Horizon Residences in Cebu, and new phases of Westwoods and the Golf Estates in Cagayan de Oro.
We are constantly lookingfor additional expansion opportunities to take advantage of the strong residential house and lot market.
New and improved housing models which buyers will be proud to own shall also be introduced.
The real estate industry is booming thanks to a growing economy driven by remittances from OFWs and income from the business process outsourcing (BPO) industry. With theASEAN integration, we expect more multinationals and BPOs to come in, spurring growth in provinces outside Metro Manila.
The country already has a six million unit housing backlog. This is projected to grow to 10 million by 2030, and the housing sector must work quickly to produce enough decent homes to make a dent in this backlog. Pueblo de Oro is proud that we are able to participate in the countryside development of the Philippines, serving our clients by providing them with quality homes in prime locations where they could live the life they have worked so hard for.
These are exciting times for Pueblode Oro and the entire real estate industry as well.
I look forward to being a part of it and steering the company to the next level.
Rhoel Alberto B. Nolido