In line with its core emphasis on sustainable tourism and environmentally conscious living, Costa Del Hamilo, Inc. (CDHI), a leader in the leisure resort industry and the movers behind Hamilo Coast in Nasugbu, Batangas, recently completed a Marine Protected Area (MPA) assessment. The sites targeted were three of 12 coves in the property, established as MPAs for CDHI’s Sustainable Development Project, implemented from 2017 to 2019.
While the Philippine economy is still caught in the grip of a pandemic, it is widely acknowledged that the real estate market has turned out to be remarkably resilient, rebounding fast despite stringent quarantines and surges in new covid cases. Some credit may be given to how proptech companies are helping push the projects of leading developers during the pandemic, but more commendable is how homebuilders had transitioned to digital technology even before the onset of the health crisis.
When the world was thrust into a health crisis early in 2020, it left people sheltered in place. Yet, even as most stick close to home, the property market continues to thrive. Amid quarantine restrictions, real estate, deemed one of the best-performing industries during the pandemic, has readily transitioned to the digital space.
While it cannot be denied that the COVID-19 pandemic has restricted many companies’ abilities to operate, the arrival of several viable vaccines has allowed some normalcy to return to our lives. In line with this, many companies who are looking to resume their operations in the Philippines have decided to move their headquarters to industrial parks and other locations that give them some level of autonomy.
With telecommuting and distance learning likely to continue for at least another year or so, there is a need to have space arrangements for work-from-home individuals and students. This is a challenge for real estate developers – to provide quality, safe, and healthy living spaces so homeowners can live their lives with ease and in style in the new normal.