Enrique M. Soriano III, Ateneo program director for real estate and senior adviser for Wong+Bernstein Business, said about Calabarzon: "There is so much optimism as major property developers like Ayala and Megaworld have been investing heavily and creating portfolio growth forecasts well beyond a 20-year cycle. Last year, a joint venture was entered into by and among leading conglomerates Ayala Land Inc. (ALI), SM Prime Holdings Inc., Megaworld Corp. and Aboitiz Equity Ventures Inc. They have joined forces to develop the P123.8-billion Laguna Lakeshore Expressway Dike."