Victor H. Manarang

President at Earth+Style Corporation

Location:
1028 W. Golf Road, Hoffman Estates, Illinois, United States
Company:
Earth+Style Corporation
Wrong Victor Manarang?

Last Updated 1/11/2008

General Information

Employment History

President and Chief Executive Officer  - E+S

Web References  

EarthStyle | News & Updates

(from left to right: Raymundo G. Alonso, GM-Earth and Style Corporation; Victor H. Manarang, President; Fernando Magcanlas of R.F. Magcanlas Realty; Evelyn C. Solis, COO; Olan Toque of Eco Prime Realty; Eduino L. Tan, GM-Earth Aspire Corporation; Robirose M. Abbot, GM for Business Resource Unit; William J. Chuacuco, GM-Earth Prosper Corporation)
Victor H. Manarang, president of the Earth+Style Corp., said the industry, as a whole, remains bullish as the factors fuelling the growth are still there such as low interests, high GDP growth, and rising income level of the population. "But the supply side has also grown substantially in the last few years so a lot of inventory is coming in, and therefore, we cannot say for sure if we have balanced the supply and demand, or supply has actually overtaken demand. That is why we, at Earth+Style, are cautious in growing our supply," Manarang, who has personally witnessed the movement of the industry as an insider since 1987, said. Just like in 2009 and 2010, Manarang said 2011 should see the continuation of the uptrend. Manarang said some would predict the cycles by counting the number of years from the last experienced uptrend to the downtrend as gleaned from the past 20 years. But there are economic and industry factors that should also be considered, including the period of the delivery of the supply and the re-sale of units that were bought by investors. He said a lot of the buyers are not acquiring properties for end use but for investment, like having them rented or offer them later for re-sale. These, Manarang said, will greatly affect future market conditions as plenty of re-sale or rental units will cause oversupply. Unfortunately, he said, it is not easy to separate which purchases are for end-use and which of them are for investment purposes. Also, Manarang said the 3 to 4 million housing backlog as announced by the government is not a good gauge in determining the size of the demand.

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Property sector remains bullish, according to industry expert

Victor H. Manarang, president of the Earth+Style Corp., said the industry, as a whole, remains bullish as the factors fuelling the growth are still there such as low interests, high GDP growth, and rising income level of the population.
"But the supply side has also grown substantially in the last few years so a lot of inventory is coming in, and therefore, we cannot say for sure if we have balanced the supply and demand, or supply has actually overtaken demand. That is why we, at Earth+Style, are cautious in growing our supply," Manarang, who has personally witnessed the movement of the industry as an insider since 1987, said. Just like in 2009 and 2010, Manarang said 2011 should see the continuation of the uptrend. Manarang said some would predict the cycles by counting the number of years from the last experienced uptrend to the downtrend as gleaned from the past 20 years. But there are economic and industry factors that should also be considered, including the period of the delivery of the supply and the re-sale of units that were bought by investors. He said a lot of the buyers are not acquiring properties for end use but for investment, like having them rented or offer them later for re-sale. These, Manarang said, will greatly affect future market conditions as plenty of re-sale or rental units will cause oversupply. Unfortunately, he said, it is not easy to separate which purchases are for end-use and which of them are for investment purposes. Also, Manarang said the 3 to 4 million housing backlog as announced by the government is not a good gauge in determining the size of the demand.

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Fulfilling Dreams and Realizing Aspirations | Synergy Media Specialists

The important market for us are the Filipinos from Northern America and we recognize that the effort that they put into working overseas is to be able to provide their relatives back home with a better lifestyle," says Victor H. Manarang, President of Earth and Style.
"It is our duty as developers to deliver properties which fulfil this objective. A lot of Filipino `Baby Boomers' are also in the process of retiring and our developments are well suited for retirees," he continued. Our homes come in different sizes, colours, and themes and are all affordably priced," Manarang says. Our goal is to help these individuals reward themselves by entrusting their life gains with the best in real estate," says Manarang.

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