Real estate boom stays amid stock market crash manilastandardtoday/2013/06/27/real-estate-boom-stays-amid-stock-market-crash/ A property bubble in the Philippines is not happening yet, despite fears raised by some conservative analysts. The real estate boom will persist as long as migrant Filipino workers continue to fuel it, so says a top executive of a leading property company in the Philippines. Remittances from Filipinos working overseas and the current property boom have become intertwined, prompting real estate companies to build more condominium towers and offer other types of affordable housing units. Ambassador Jose “Joey” E.B. Antonio, chairman of Century Properties Group Inc., told this writer recently over a round of golf at the Manila Golf and Country Club in Makati City that demand for housing and condominium units from migrant Filipino workers had not abated.
Posted on: Fri, 28 Jun 2013 05:41:31 +0000
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