![]() ![]() Townships are not to be confused with vertical mixed-use structures that stack several types of real estate on top of each other in a single building. ![]() They have been integrating mixed-use communities even in areas outside of Metro Manila-only one of the many signs of a developing economy. Local property developers have been slowly building up their portfolios through townships across the country. Why are major industry players furthering township development? These large master-planned communities appeal to the Filipino desire of having easy access to everything. Although there are no strict by-laws on what can be considered a township, they all have one thing in common: townships provide a web of integrated projects that can cater to the basic needs of its residents. This includes, but is typically not limited to, residential units, office spaces, commercial areas, and hospitality. More or less, they are urbanized projects that dabble in a little bit of everything. What are townships?īy definition, townships are large-scale, integrated, mixed-use developments. ![]() Changes in consumer demand always come into play, of course, but they are often anchored on a country’s developments. They are now a symbol of successful operations, given their large scale, increasing complexity, and stable demand base. Townships set their developers apart from other players in the real estate industry. Township developments, in particular, have been turning heads in the local property scene ever since they started dotting the markets all over the country. Alongside the booming age of modernization and a rising global economy, many developments have sprung up across the Philippines that are more than just the sum of their parts. The Philippine real estate industry has come a long way. What implications do townships have on the country?.Why are major industry players furthering township development?. ![]()
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