Development at Bonifacio Global City continues amid global slowdown

Noel Eli B. Kintanar, Commercial Operations head of Fort Bonifacio Development Corp. (FBDC), told a briefing yesterday they continue to enjoy high lease rates, with land values appreciating by more than a quarter to P140,000 to P150,000 per square meter last year.

“The market remains good and [property appreciation] indicates that the market has given a premium to Fort Bonifacio. Property developers’ appetite for leasing the lands in Fort Bonifacio is still growing,” Mr. Kintanar said. He added that despite the crisis, the company gets a lot of inquiries from interested developers.

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