Bacolod City, which has a huge potential, is now a major destination for property investments in the country, Joey Roi Bondoc, Colliers Philippines research director, said.
Bacolod City is currently ranked 19th among the most progressive cities in the country, Bondoc said in his talk on “Bacolod: VisMin’s Property Sweetspot” at Megaworld’s Upper East House Friday, Sept. 27.
He cited overseas Filipino workers remittances and the BPO industry as among the major drivers of growth in Bacolod.
He also said big ticket infrastructure projects like the P187.6 billion Panay-Guimaras-Negros Bridge and the P8.23B Bacolod- Negros Occidental Highway will also further boost growth in the area.
Investing in properties such as condominiums and housing in Negros now has a huge upside potential for profit, he said.
“There is a rise in demand for properties outside Metro Manila,” he pointed out.
Bondoc said with this growing trend to invest outside Metro Manila “we believe Bacolod has a huge potential to capture that growing demand”.
“It is an opportune time to invest in Bacolod and that will be supported by key economic drivers that include OFW remittances that continue to increase and planned government infrastructure projects,” he said.*