Vol. XXI, No. 149 [ Business World Online ]
Thursday, February 28, 2008 | MANILA, PHILIPPINES
Residential market seen strong in the near term
DEMAND FOR HOUSING in the high-end condominium sector will continue to be on the upswing, driven mainly by a growing expatriate community, Property consultant Leechiu & Associates, Inc. said.
As this developed, CB Richard Ellis Philippines said lease rates in the luxury condominium segment are expected to increase with no additional supply expected in the near term.
However, it said lease rates in the Grade A segment — same high quality but smaller in floor area — are seen levelling with several recently completed and turned over developments.> > > [ full story ]
____________________________
