PR Friend Press Releases

A third from the record-high foreign remittances sent back home by overseas Filipino workers is spent mainly on real estate investments, therefore making our local property market more stronger than the previous years, all according to industry players and market watchers.

This trend marks the end of the era where almost all of the OFW remittances were spent on consumer goods, with little left for savings and other investments. According to statistics, in 2006, OFWs sent back their local beneficiaries amounting to $ 12.6 billion through the banking system alone. It is estimated by the central bank that this amount is even understated by an average of 30 percent because of funds sent home through informal channels. This means that as much as $4.2 billion in OFW funds were spent on real estate last year—a number that will further rise, given the expectations of the central bank of as much as $14 billion in remittances for the year 2007.

Large and small real estate developers are now investing heavily on getting their expatriate Filipino buyers. These organizations go for periodic sales tours in Europe and the US, targeting Filipino buyers, some even setting up their own sales offices in areas with high percentage of potential clients. According to the National Statistical Coordination Board, it shows that the property sector has recorded the fastest growth rate in the recent months.

If you would like to know more about Sta. Elena Estates, feel free to visit their website at www.staelena.com or contact them through contactus@staelena.com. A member of Rustan’s Group of Companies, Sta. Elena knows what really counts.

Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas reports that the first week of May has already brought six impressive luxury homes sales.  Just as the stock market hit a bottom in March and has rebounded nicely in just two months time, it appears that the Las Vegas estate homes market in Las Vegas may be following suit.

The six sales range in price from $9,500,000 to $2,000,000 and two of them were at or above $700 per square foot.  Five of the six sales were purchased with all cash.  Three of the six sales were in The Ridges Las Vegas, two were located in Southern Highlands and one was in Lake Las Vegas.  “The well qualified and able buyers are recognizing value and still seeking out luxury estates in the best locations throughout Las Vegas.  These were all exceptional luxury homes and will no doubt become great values as the market continues to firm,” Lowman noted.

The $9,500,000 sale is the highest sale thus far in 2009.  It was a speculative built custom home of 12,707 square feet situated on a one acre golf and strip view Homesite. It took just over six months time on the market to sell.  “Sales like these will build buyer confidence and help us achieve more of the same.  I think we have seen the worst of the downturn affecting Las Vegas estate homes” Lowman remarked.

The Broker/Owner of Luxury Homes of Las Vegas, Kenneth Lowman, has specialized in the Las Vegas luxury real estate market for 15 years and is considered one of the experts in the marketplace.  He employs a staff of four to assist him in the marketing and sales of luxury homes in and around Las Vegas.  He can be reached at 702-216-4663 or klowman@luxuryhomeslv.com or on his website at http://www.luxuryhomesoflasvegas.com.

Some of the pleasures of inner-city living must include the convenience of not having to commute long distances, as well as being close to work, restaurants and theatres.

The new luxury apartments development, Evolve, undertaken by Vivas Lend Lease, fits this bill. As part of the Jacksons Landing Development in Pyrmont Point, Evolve is located on the waterfront, close to the city, fresh food markets, fine dining restaurants, retail shops and cafes.

With this project, Vivas Lend Lease has delivered an integrated, mixed-use urban development on a very desirable site. As the whole area grows, it is developing into a vibrant community where people live, work and relax. The heritage of the area has been embraced with interpretative installations, warehouse conversions and the creative re-use of historical buildings and materials.

Evolve includes 47 luxury apartments in several styles, with north-facing harbour views. The choice includes loft homes, garden terraces and skyhomes, with one, two or three bedrooms. Only two are still available to buy.

In the apartments, which are spacious and enjoy natural light, quality is paramount. Interior colour schemes can be customised, and kitchens are fitted with Miele appliances, wide stone benches, large pantries and appliance cupboards. Each master suite has the feel of a five-star hotel, with a sunken bath, twin basins and vanities, a shower with a frameless glass screen and private toilet. A clear glass wall into the bedroom means views of the harbour can be enjoyed from the bath. Bedrooms have generous storage, so apartments are easy to maintain, and the building and apartments are linked to a security system.

To provide opportunities for buyers in today’s competitive property market, Vivas Lend Lease operates an Advance programme that provides members with regular information on upcoming Vivas Lend Lease residential developments both locally and nationally. Members are invited to exclusive VIP launch events and are given opportunities to purchase properties ahead of public release.

To view the new three-bedroom display unit, contact Vivas Lend Lease.

New and developed Laguna properties in the Philippines are fast becoming one of the most sought out lands to invest on, simply because of the lush and quiet environment that the city of Laguna can offer. One of the best developed land properties that invested in this area would be Sta. Elena Villages. They offer residential real estate properties that define sanctuary, peace, and serenity. Two different villages are included in the estate, having two different ambiances. But Sta. Elena does not stop from there, for they have amenities that boast true relaxation and bonding for the whole family.

Knowing how environmental friendly the area is, they have created an area where families could spend time and live as if it is the weekend everyday. Sta. Elena introduced Fun Farms, an area inside the property wherein children and the children at heart can enjoy the nature’s beautiful creations—animals. Sta. Elena houses more than a hundred friendly and tamed animals that can be approached by kids without danger. From horses, cows, guinea pigs, to fishes of all sorts, the children can be well educated with nature, all because of Sta. Elena’s efforts to bring nature closer to you and your family.

In Sta. Elena, they respect family privacy, but also practice Filipino hospitality. In order to bind these two together, they created a Guest house for residents to use whenever they have guests arriving. Visitors can experience the beauty and service of Sta. Elena in their own special way, since the guest house offers superb service from trained staff, ready to help your visitors in any way possible.

Of course, these amenities are only enjoyed by families and investors living in the two villages inside Sta. Elena. The Banahaw village in Sta. Elena offers a taste of paradise that can be enjoyed by everyone in the family. Situated near the golf course, and with nature inspired environment, the Banahaw village would surely make the family feeling peaceful, calm, and relaxed. If the family chooses for space and an area that would make them feel well rested, then Sierra Madre Village in Sta. Elena would be the right choice. Sta. Elena also boasts their golf course as being voted number one in the Philippines by Asian Golf Monthly. The service and quality of play is excellent, and golfers can also get a chance to unwind and dine near the golf course. Experiencing Sta. Elena would give your family a chance to enjoy nature’s bounty, and at the same time live to the fullest.

If you would like to know more about Sta. Elena Estates, feel free to visit their website at www.staelena.com, or contact them through contactus@staelena.com. A member of Rustan’s Group of Companies, Sta. Elena knows what really counts.