Specifically, LPC said "there are currently 67,600 units across 510 actively selling buildings in Metro Manila, the highest since the COVID-19 pandemic. Quezon City has the biggest number of available units with 18,500; followed by Ortigas with 13,500; the Bay Area in Pasay with 10,500; Manila with 8,500; and Caloocan with 8,100."
I assume the inventory will be higher after December 31, the day POGOs are supposed to close according to BBM's order.
A condo glut is inevitable. Property developers remind me of the "hot pandesal" craze when I was growing up. When someone puts up a hot pandesal business in a neighborhood, two or three more will do the same. Property developers are not thinking of an end user occupying those units when they build them.
Condos are being built and sold as a place to park excess cash. Developers are focused on those able to buy residential units priced between P700,000 and P900,000 per sqm with a total contract price (TCP) ranging from P200 million to about P500 million per unit or even more.
During the pandemic, the high-end segment exhibited resilience. While prices in affordable to lower middle-income residential segments corrected, demand and prices in the luxury and ultra luxury segments held firm. But buyers are also speculators selling to each other in the secondary market. This can't go on forever.
Bu hikaye The Philippine Star dergisinin October 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin October 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Senators didn't ask why Duterte's drug war failed
Monday’s hearing at the actor-packed Senate began with comedy. Livestream viewers guffawed as a mustached solon spoke while his Mini-Me sat behind him.
Anomalous situation
To be liable for bigamy, the second or subsequent marriage contracted by the accused must have all the essential requisites for validity. If the second marriage contracted by the accused is not valid, she cannot be convicted of bigamy.
Seek the common good this Undas - BBM
President Marcos called on Filipinos to seek the common good and to become better stewards of the nation as they observe All Saints' Day and All Souls' Day.
JEAN-IOUS!
Known for using technical fabrics in contemporary suiting, Boggi Milano opens a flagship store in Greenbelt 5.
WHY ANTON HUANG CAN'T GET ENOUGH OF THIS 'QUIET LUXURY' BRAND—AND BROUGHT IT TO MANILA
Known for using technical fabrics in contemporary suiting, Boggi Milano opens a flagship store in Greenbelt 5.
BREAKING UP WITH MY STAN GIRL ERA
I did not fall out of love or outgrow K-pop. I simply realized the nasty culture that pervades it.
Dag-as, siyaman, laglagan & other Pinoy customs about the dearly departed
Being raised in Gulod has afforded me a front-row seat to some barrio customs about death. What seemed morbid and fearsome to me when I was a child has become a source of my own understanding of how death is also a celebration of a life well lived.
Robert Downey Jr. vows to 'sue' any future use of his likeness
LOS ANGELES - Robert Downey Jr. doesn't think Marvel executives would ever recreate his portrayal of Tony Stark using artificial intelligence. But if they did, he would lawyer up — even posthumously.
MIKKEL LENTZ ON WHY MICHAEL LEARNS TO ROCK SONGS STAND TEST OF TIME
Michael Learns To Rock (MLTR) has recently released the single, A Life To Remember. The latter is a welcome addition to the legendary Danish band's collection of hits and classics.
HOW AI-AI AND ARNELL'S SING-ALONG DAYS LED TO LIFELONG FRIENDSHIP
THERE'S NO CHANCE OF feeling blue whenever Ai-Ai delas Alas and Arnell Ignacio are around. Ai-Ai and Arnell appeared on \"Fast Talk with Boy Abunda\" a couple of days ago for \"The Talk\" segment.
