13.10.2008 - Is Philippines real estate boom ending?
From Inquirer.net: The global financial turmoil and high inflation have slowed down the Philippines’ raging real estate boom. Although luxury condominium prices continue to rise, the residential sector is definitely slowing. The average price of luxury three-bedroom condominiums in Metro Manila rose 13.35 percent in the second quarter of 2008 from a year earlier. Adjusted for inflation, residential prices increased only 3.3 percent over the year..... Full Article: Source