Overseas Filipino Workers are always on the look-out for potential investments back here in the Philippines. They want to see something tangible for their hard work away from their homeland and the sacrifices they make for their families. Many OFWs realize that they will not be working forever abroad, thus, while they are still strong and able, they must invest and start businesses soon.
One of the most viable investment opportunities available today is thru green and eco-friendly buildings. According to Yuan Xu, the International Finance Corporation (IFC) Country Manager for the Philippines, the country needs more sustainable building solution to address the growing infrastructure needs and climate challenges. The Philippines has a fast-growing population and urbanization, thus we need to create a vibrant market for green buildings to attract private sector investment. “Green buildings should be the new normal for property companies, developers and investors,” he added.
This forecast is a green light for Filipino investors to start thinking about joining the green and eco-friendly game. According to IFC, green buildings are estimated to achieve as high as 20 to 25 percent of the Philippine market by 2025 especially with upcoming policy support, awareness programs and advocacy, tax benefits and realized savings on sustainability and energy efficiency.
So if you would ask if it is worth it to live and invest in green building, this might be the best time to do so. As the Philippines continues to grow economically and more aware of climate challenges, the infrastructure and building sector sees strong growth in green designs and projects. This is where your hard earned money should go now, and by investing, you have a promising business prospect in the future. Try looking into properties such as Primavera Residences, a multi-use eco-friendly building in uptown Cagayan de Oro. It is the first of its kind and the country and there are only praises and remarkable feedback from investors and clients.