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The Industry Scene

Real property sector laments loss of industry icon

Outpourings of sorrow and profound loss greeted the news of the demise of CHARLIE AV GORAYEB, Chairman of the Board of the Chamber of Real Estate and Builders’ Associations (CREBA), who was widely regarded as an icon of the housing industry and its fiercest champion for almost three decades. Gorayeb,

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Interest rate hikes to hit housing market in near term

Inflation in January hit a 14-year high of 8.7%, prompting the Bangko Sentral ng Pilipinas (BSP) to say it was likely to raise its benchmark interest rate one more time this year, after having hiked it by 50 basis points on Feb. 16, Reuters reports. The news agency reported BSP

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Rate hikes may derail real estate sector recovery

The Philippine real estate sector’s recovery may be derailed by the Bangko Sentral ng Pilipinas’ (BSP) aggressive rate hikes, according to Cushman & Wakefield Philippines. “The aggressive contractionary monetary policy stance by the BSP which is in sync with other central banks, prompted by the rallying prices, may slow down

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Industry leaders expect housing among BBM’s priority agenda

With the incoming administration, real estate industry leaders expressed their hope that the country’s housing backlog now affecting some 6.7 million poor families will be given a high priority under the leadership of President-elect Ferdinand “Bongbong” R. Marcos Jr. Lauding his overwhelming victory at the recent polls, the Chamber of

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The present and future of Philippine real estate

From a global perspective, the Philippines real estate sector is inherently unique, and I would argue is currently undervalued. As our economy returns to the above average pace of growth and the maturation of its internals continues, local and international investors alike should become increasingly intrigued. This is the time

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