GDC sees high demand for suburban projects

GREENFIELD DEVELOPMENT Corporation (GDC) said it is seeing a rise in property purchases despite the overall economic slowdown.

Duane A.X. Santos, GDC executive vice-president and general manager, said demand remains high for residential projects, particularly those in suburban areas.

“Now that working from home is the new normal, proximity to work and traffic may no longer be primary concerns. Sales for the suburban residential communities have returned to pre-quarantine levels and the buyers are predominantly the end users mostly for Pramana and Solen. The recently launched Trava, being a luxury development has started picking up in interest as well,” he said in a statement.

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Pramana, Solen and Trava are located in Greenfield City, Sta. Rosa, Laguna.

Mr. Santos said sales for condominiums, especially ready-for-occupancy units, were brisk after the lifting of strict quarantine restrictions and sales activities were allowed for the real estate industry.

While the projected value appreciation within the year will be minimal, he said they are also not expecting any decline in property values.

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Article and Photo originally posted by Business World last November 10, 2020, 12:03am.

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