Duterte Plan to Lift Foreign Ownership Cap Seen Boosting Real Estate

“Duterte’s “business-friendly” proposal could help attract investors in township projects like Ayala Land Inc.’s Alvierra in Pampanga province, north of Manila, said project director Jomi de Guzman.”

ABS-CBN News

Posted at May 27 2016 05:39 PM

MANILA – Presumptive president Rodrigo Duterte’s plan to ease limits on foreign ownership of business will benefit commercial and residential development projects, a realtor said Friday.

Duterte’s “business-friendly” proposal could help attract investors in township projects like Ayala Land Inc.’s Alvierra in Pampanga province, north of Manila, said project director Jomi de Guzman.

Ayala Land is investing P90 billion for the 1,100-hectare Pampanga township, which is envisioned as the region’s foremost lifestyle and business center.

The 31-hectare Alviera Industrial Park, located inside the township, is authorized by the government to host manufacturing and electronics firms.

Read More: http://news.abs-cbn.com/business/05/27/16/duterte-plan-to-lift-foreign-ownership-cap-seen-boosting-real-estates

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