By: Riza T. Olchondra
Philippine Daily Inquirer
The
Philippine real estate market is generally stable but the residential segment may face “risks arising from oversupply,†according to the World Bank.
The World Bank also said the shift toward non-bank financing required careful monitoring of the developers’ exposure.
In the Philippines, households tend to have greater preference for holding wealth in the form of
real estate rather than equities.
A report from state-run think tank Philippine Institute for Development Studies says ownership of dwellings and real estate has been growing steadily at high single-digit rates from 2006 to 2011 except for a relatively low 4.1 percent growth in 2009.
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Topic: Oversupply of Residential Property in the Philippines? (Read 1009 times)