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| SM Sea Residences in Pasay City |
Walking along the brightly-lit alleys of SM Mall of Asia with my girlfriend, I noticed the construction going on in the other side of the street -- the SEA Residences. It is a really big real estate property composed of three huge buildings, each around 12 to 15 stories I guess. Because of its size, I found myself asking, where will SM get the tenants for this huge property?
I asked my girlfriend if she wants to live in a condominium. She said that she wanted a house and lot better since you can have it remodeled and hand it down to you descendants. We started discussing about how we plan to raise money to buy our future house, either we really save up for it or we get a housing loan from Pag-Ibig or SSS. It is from this incident last night that I decided to write an article about land and its value to us Filipinos.
