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Philippines’ property boom shows no sign of slowdown

Posted on 29 January 2013

A property boom in Metro Manila, described as the best in two decades, has pushed construction in the Philippines to its highest growth in at least six quarters. The Philippines is experiencing a property boom like no other with developments covering office buildings, housing projects, hotels and new shopping districts.
This is all being fuelled by confidence in the Philippine economy which grew at a notable 7.1 per cent in 2012. With the Philippine economy growing at an impressive pace, experts said there will be no slowdown in the demand for real property market as the country rides on strong macroeconomic fundamentals and investor confidence………………………………………..Full Article: Source


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