ILOILO CITY – Team X-Factor held its contract signing for unit managers and salespersons at the Filipinohomes Iloilo office on April 24, 2026, formalizing their affiliation with the network. The signing grants the team full access to Filipinohomes’ national property database, developer partnerships, training resources, and administrative support systems.

The event marks the latest addition to the network’s growing roster in Western Visayas, where Filipinohomes has been actively expanding its presence through training sessions, product knowledge seminars, and strategic contract signings.

Why Iloilo Is a 2026 Real Estate Hub

Iloilo City has emerged as one of the country’s hottest real estate markets, posting the fastest economic growth in Western Visayas in 2024 at 7.1 percent, according to the Philippine Statistics Authority. The city’s mixed‑use Mandurriao district now hosts over ₱35 billion in completed development value, with branded hotels opening, convention centers filling, malls expanding, and residential towers rising in parallel.

Megaworld Corp., the dominant developer in the 72‑hectare Iloilo Business Park (IBP), is further expanding its hospitality footprint with the upcoming opening of Belmont Hotel Iloilo, a 12‑story, 405‑room property that will bring the township’s total hotel inventory to about 880 room keys, accounting for nearly 25% of the entire city’s hotel supply. Megaworld has allocated ₱65 billion in capital expenditures for 2026, with ongoing residential, office, and retail expansions in Iloilo alongside other key regional hubs.

SM Development Corporation (SMDC) is also scaling up its Western Visayas presence, with roughly 3,800 to 4,000 units slated for turnover in 2026. This includes around 1,900 units at Glade Residences in Jaro beginning April 2026 and close to 1,000 units at the fully sold Style Residences within SM City Iloilo. SMDC has established a 1,600‑square‑foot Iloilo CBD office that handles sales processing, documentation, and customer support, reducing reliance on Manila‑based coordination.

Ayala Land’s Atria Park District adds another dimension to the city’s mixed‑use landscape, with The Shops at Atria and the Park Inn by Radisson complementing the retail and hospitality offerings of Megaworld, SM Prime, and Robinsons Land.

Infrastructure and Governance Driving Growth

The local government’s ₱6.88 billion MoRProGRes budget for 2026 prioritizes durable infrastructure and economic expansion, fostering stability that has attracted billions in private investment. Through the Electronic Business One‑Stop Shop (eBOSS), business permit renewals now take 20 minutes to one hour, helping the city register over 2,000 new businesses in 2025. The “compact city model” has also made Iloilo a livable alternative to Metro Manila, with the 10‑kilometer Iloilo River Esplanade boosting surrounding property values and over 30 kilometers of dedicated bike lanes promoting active transport.

Meanwhile, the Iloilo provincial government has approved ₱1.41 billion in supplemental funding for 2026, with ₱30 million allocated for fuel subsidies for the transport sector and increased funding for housing and sanitation projects, including a sewage treatment plant at Uswag Residences.

Strengthening the Local Sales Force

For Team X-Factor, the contract signing grants its newly affiliated unit managers and salespersons full access to Filipinohomes’ national property database and developer partnerships. The team will undergo onboarding, including training on the network’s multi‑listing platform and integration with developer partners such as Megaworld, SMDC, Ayala Land, and other major players in the province.

With Iloilo’s real estate market accelerating and demand for professional real estate services rising, the April 24 contract signing positions Team X-Factor to capture a share of this growing market, backed by the resources of the country’s largest real estate network.