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                    [Title] => OFWs seen to fuel growth of real estate sector
                    [Summary] => 



Local property developers are banking on the dollar-earning overseas Filipino workers (OFWs) to fuel the growth of the real estate sector.


Rosemarie Basa, chairperson of the CREBA Socialized Housing Foundation Inc., said they believe more remittances can be expected to flow in "if OFWs and balikbayans are given practical and feasible ways to invest in the Philippines, especially in real estate properties."


In the first half of this year alone, OFW remittances amounted to $6 billion and is expected to reach $12 billion for the whole year.


                    [DatePublished] => 2006-10-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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PHILIPPINE PROPERTIES EXPO

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                    [ArticleID] => 360987
                    [Title] => OFWs seen to fuel growth of real estate sector
                    [Summary] => 



Local property developers are banking on the dollar-earning overseas Filipino workers (OFWs) to fuel the growth of the real estate sector.


Rosemarie Basa, chairperson of the CREBA Socialized Housing Foundation Inc., said they believe more remittances can be expected to flow in "if OFWs and balikbayans are given practical and feasible ways to invest in the Philippines, especially in real estate properties."


In the first half of this year alone, OFW remittances amounted to $6 billion and is expected to reach $12 billion for the whole year.


                    [DatePublished] => 2006-10-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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OFWs seen to fuel growth of real estate sector

By Marianne V. Go | October 2, 2006 - 12:00am

Local property developers are banking on the dollar-earning overseas Filipino workers (OFWs) to fuel the growth of the real estate sector. Rosemarie Basa, chairperson of the CREBA Socialized Housing Foundation...

Business