Philippines' Megaworld to launch 5 new projects
Published at: business.inquirer.net
-
Should Real Estate Developers Gear Towards Residential Property Recovery in the Philippines?
July 14, 2009
Residential property developers in the Philippines are feeling that the worst may be over for the local industry. The fact that most developers are already making plans and are already pursuing projects means they are gearing towards recovery. Large-scale construction of residential condominiums and high-rises should take about 2 years at the least. This means Megaworld, one of the biggest developers in the country, are trying to be prepared if ever market demand intensifies in the near term. However, this may also be risky as there are still a lot of residential condominium projects under construction in Metro Manila alone. With a still slow current demand (volume) for residential property, coupled with a huge supply pipeline, there is possibility that takeup of these new projects should slow.
- Subscribe to Updates
-
Work for one of the world's leading organizations? Get started now.
Get Intelligently Connected
with the world's leading experts
GLG's 850+ Clients Include:
- More than 70% of the world's leading
- mutual funds
- 15 of the leading 20
- global banks
- 9 of the leading 10
- global private equity firms
- 5 of the leading 10
- AmLaw firms
- Fortune 500® Companies
- in nearly every industry sector, including pharmaceuticals, insurance, chemicals, energy and computer software
Gerson Lehrman Group, Inc. connects communities with knowledge through two distinct, yet complementary offerings: GLG Research and G+.