“We have Overseas Filipino Workers (OFWs) in just about every country in the world, and they are definitely an economic force to reckon with. And considering Uptown, CDO’s brewing developments, planning for an investment with IDC is definitely a good choice for future security,” says Gladys Echano, Italpinas Development Corporation’s (IDC) Sales & Marketing Director.
Last September 7, 2018, IDC hosted Balikbayan Night at La Bella Luna Ristorante, Primavera Residences, in honor of the OFWs as well as to create an avenue for them to safely secure their hard-earned money through an investment.
OFW remittances contribute up to 10 percent of the country’s gross domestic product. Remittances from more than 10 million OFWs are the second largest source of foreign exchange for the country, next to the earnings of the business process outsourcing sector. According to World Bank’s 2017 report, the Philippines ranked third in the world among countries that are top destinations for remittances from the US.
It is no secret that most Filipinos would rather endure the longing of working away from their families, thousands of miles away, just to earn enough to sustain their needs and even wants. But in the long run, it is just ideal to plan for a safe investment that will not only provide a good source of additional income but also financial security as you retire back in the country.
Green condominiums like IDC’s developments, Primavera Residences and Primavera City, have a higher appraisal rate in time compared to other real estate options. Historical data shows that properties in “green building” appreciate faster and more, compared to conventional buildings. In addition, living in a sustainable development means a healthier quality of life for the entire family.
IDC knows that for OFWs who are oceans and continents apart from their loved ones, having their own investment in real estate can improve their family and future’s quality of life. Condominiums are more affordable than houses, but still guarantee first-class amenities like swimming pools, fitness gym centers, and multi-function halls. Moreover, IDC’s development secures revenue generation asset, hassle-free property management, higher real estate value appreciation, lock and leave asset, low maintenance cost, green energy and water saving advantage, and a lot more. With IDC, it’s easy and ideal to invest!
THEA FRANCESCA TABUDLONG || Content Writer & Marketing Support Assistant
