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Philippines property market enjoying a boom

Posted on 26 May 2011

The property market in the Philippines is currently enjoying a boom, with prices on luxury properties up 3%, and luxury property rental rates up by 8% according to CB Richard Ellis. The economy is flourishing and is currently growing at 7% year which is the highest rate for 30 years, and the remittances from Filipinos living abroad are expected to increase by a hefty per 7% this year.
One of the companies cashing in on the boom is Manila-based Century Properties Group Inc which currently has three projects on the go, including the Milano Residences which are designed and branded by Versace Home……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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