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Torre Lorenzo Development Corp. continues to develop communities that aim to upgrade the lifestyles of the emerging affluent.
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A Sound Investment Choice For OFWs
Lubi Plantation boasts of an exclusive beach, unspoilt nature, and rich marine life.
Lubi Plantation boasts of an exclusive beach, unspoilt nature, and rich marine life.

It goes without saying that overseas Filipino workers (OFWs) contribute significantly to keep the Philippine economy afloat.

Data from the Bangko Sentral ng Pilipinas have indicated that cash  remittances from OFWs totaled more than $21 billion for January to  September, 2018.  However, the same data showed that OFW households have  invested only 5.2 percent of these remittances.

Missing out on investment opportunities could exact a steep price  among OFWs who might lose proof of all the years of hard work they’ve  put in abroad, not to mention the emotional toil of not being home to personally witness their children grow up.

For many OFWs, the pain of missing family gatherings,  reunion with friends and sundry occasions to make happy memories are  more than compensated with sound investments that will provide a better  future for their family.

It is this thinking that fuels Torre Lorenzo Development Corp. (TLDC)’s projects for OFWs.

Known for building  premium university residences, TLDC has six  residential condominiums scattered throughout Metro Manila:  Torre  Lorenzo 1, 2Torre Lorenzo and 3Torre Lorenzo in the De La Salle  University area; Torre Lorenzo Malate, which is within walking distance  to the University of the Philippines-Manila and St. Paul University  Manila; Torre Central, which is a stone’s throw away from the University  of Santo Tomas, and Torre Sur, which is strategically located beside  the University of Perpetual Help System DALTA in Las Pinas.

Real estate services provider Colliers International  Philippines sees student-centered condominiums as a practical investment  due to the steady demand for this type of housing.  Some Filipino  parents who work abroad buy or lease out condominium units for their  children whom they send back to the Philippines for college.

“This segment has been growing significantly,” said Colliers research  manager Joey Roi Bondoc of student-targeted residential high-rises.   “We see similar projects being launched near university areas as  property firms cash in on the sustained demand.”

Apart from its student-targeted condominiums, the niche developer has  expanded its portfolio and ventured into mixed-use developments and  leisure destinations to suit a bigger market.

TLDC has partnered with Thai hospitality group Dusit International to  build what may be the first luxury complex in Davao City and Dusit  International’s first residence project in the Asia Pacific region, the  Dusit Thani Residence Davao and dusitD2 Hotel.

TLDC has invested P4.5 billion to build Davao City’s first five-star  residential and hotel development.  It is also currently developing Lubi  Plantation, a luxury island resort in Davao Gulf.  The 87-ha  masterplanned leisure township boasts of an exclusive beach, unspoilt  nature, and rich marine life.

In Calabarzon, TLDC has Tierra Lorenzo Lipa, an urban lifestyle  center in Batangas that will house two residential buildings, and the  Dusit Princess Lipa Hotel.  The P3-billion luxury hotel, also being  built in collaboration with Dusit International, is poised to be a home  for leisure and business travelers in Lipa, Batangas.  It is expected to  be completed in 2021.

Said TLDC chief finance officer Noel Rapadas: “The best thing about  Tierra Lorenzo Lipa is the opportunity that our residential units offer  as vehicles for investment.”

He added:  “All our properties have proven to be successful  investments that give a significant return.  Our property owners have  the option to upgrade their units and turn them over to our property  management team. We will do the rest. We take the headache of unit  leasing and maintenance away from those who invest in our properties as  vehicles for recurring income.”

TLDC takes pride as well in its well-trained and efficient property  management team that not only oversees its projects but also makes sure  that all Torre Lorenzo developments are well-maintained.  The property’s  value thus appreciates with time and continues to provide strong rental  opportunities.

For more info on Torre Lorenzo properties, visit their website, torrelorenzo.com.

Article Source: business.inquirer.net

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