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Monday, December 23, 2024

Condo crash in the Philippines - overbuilt, overpriced

Looking forward to the future of business

With so many condo towers rising, and same income levels for executives and "middle class", it is very lake that most units are not being sold.  Many developers have resorted to rent to own, rental units and resort, air bnb business model

Couple this with POGO ban that has left many rental units vacant  Vacancies hover at 30% which can be very bad for some businesses.

What can be done about this problem for developers?


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