22.10.2008 - Philippines: Housing, real estate sectors in good shape
From Philstar.com: Vice President Noli de Castro assured the public yesterday that the local housing sector is in good shape despite the global financial crisis that was triggered by the foreclosure of mortgaged houses in the United States. De Castro, chairman of the Housing and Urban Development Coordinating Council (HUDCC), said the growth of the real property sector in the Philippines is fueled by the favorable policy in the housing sector and the desire of Filipinos to own a house..... Full Article: Source