Manila’s Condominium Prices to Fall 15% This Year, Says Colliers
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The Philippine capital region’s condominium market is set to cool for the first time in a decade, according to Colliers International Group Inc.
Residential condominium prices this year will drop by 15% from a year ago before slightly recovering in 2021, said Joey Bondoc, a senior research manager at Colliers in Manila. “The Philippine economy and property market are facing a tremendous challenge,” he said in a briefing on Wednesday.