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Should Real Estate Developers Gear Towards Residential Property Recovery in the Philippines?

July 14, 2009

Analysis of:Philippines' Megaworld to launch 5 new projects | business.inquirer.net

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.

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