"Obviously, our outlook for the real estate sector is very bullish," Robinsons Land President Frederick Go told Dow Jones Newswires late Thursday at the sidelines of a business conference in this central Philippine province.

He said the company has been aggressively expanding its land portfolio, and has acquired in the past several months three prime properties in Manila.

Already the country’s largest office space landlord, Robinsons Land plans to put up more office buildings, particularly those that will cater to business process outsourcing companies. It will also build more residential high-rise to get a bigger share of the growing market of Filipino expatriates.

Robinsons Land, the property development arm of tycoon John Gokongwei, also operates hotels, shopping malls and residential enclaves.

Last year, the company’s revenues from its office and residential buildings division saw a 90 percent on year growth to P2.03 billion, one-third of group revenue, due to strong demand from companies in the BPO sector, the fastest growing industry in the country.

"There’s real money flowing in. This is not just image," said Go, differentiating the current property upturn from the boom prior to the 1997 Asian financial crisis.