It seems there have been an increased demand of properties sold in the south area, especially in Alabang and Paranaque towards the end of this 2009. Brokers, who I have talked to, agrees. There have been so many closing lately. In the Ayala Alabang area, it is now hard to find lots for sale at old prices but buyers are still buying.
A profile view of the buyers will show that they are mostly end-users. Either they work here or have their own businesses. Money is circulating. A good sign. It shows that our economy has not been affected by the global crisis.
Perhaps one of the main reasons that the people are buying properties is due to the construction of the Skyway along South Luzon Expressway. It might cost traffic temporarily, but after it is done, land prices are expected to increase due to higher demand. Buyer who can't afford Makati will now look at the south area for properties to buy because costs are lesser plus you get newer houses.
Browsing the internet, I came across an article written last June 2009 - about the tollway projects being done right now. The plan is to connect South Luzon Expressway and North Expressway. That's good news! The basic needs and services reaching the people will be faster. So expect more progress for the Philippines. And with progress, a continuous growth of the economy for the Philippines. This is the article about tollways: http://services.inquirer.net/print/print.php?article_id=20090614-210418: