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Real Estate Industry Analysis

955 Words4 Pages

I. Industry Description The industry of real estate provides people a chance to improve their life by giving them jobs, homes and entertainment. This industry is also the reason why the country looks urban, modern and livable. It also plays one of the most important parts of the country’s growth to make residential and commercial areas that are community and business, environmental friendly. The industry makes these things possible. There are called commercial, residential and mixed-use developments in the real estate industry. Usually a commercial area contains several business units such as call centers, corporate buildings, banks, malls etc. Alternatively, Residential development makes places easier for people to live and is fitting to …show more content…

This corporation is the biggest mall developer in the Philippines. The corporation has about 41 malls under its control; the biggest is SM Mall of Asia located in Manila Bay and it is also one of the biggest mall in the world. SM also develops several high-end properties such as Tagaytay Highlands, a first-class mountainside resort and residential complex.  Robinsons Land is one of the country’s reputable developers of mixed-use developments. It was unified on June 4, 1980 to serve as the real estate development of JG Summit Holdings Inc. It controls the branches of Robinson malls around the country, which includes of twenty nine malls. Lance Gokongwei, whose father is Chairman John Gokongwei, is the chairman of Robinsons Land.  Vista Land & Lifescapes Inc- The family of Sen. Manny Villar, is the biggest home building firm in the Philippines that provides importance to affordable mass housing. Developments under Vista land are Camella Homes, Communities Philippines, Brittany, Crown Asia and Vista …show more content…

These personalities were able to form a Real Estate Industry in the country to improve lands and compete which causes the industry to produce revenues. The Real Estate is an area of land relating to undeveloped land, residential living, buildings, and business space facilities. There are three classes of real estate, they are residential, commercial and industrial. Real Estate have agents called Real Estate Brokers, these brokers assist the owner or any possible buyer regarding the circumstances about entering into real estate. According to the founder and first president of the Philippine Association of Real Estate Boards, Inc. (PAREB), Mr. Antonio Varias. After the World War I when brokerage activities first happened by Americans, Mr. Colin M. Hoskins, an U.S Army, started the real estate brokerage in the

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