‘Housing developers' tie-up with govt offers ray of light for real estate sector'

‘Housing developers' tie-up with govt offers ray of light for real estate sector'

MANILA, Philippines — The partnership between the government and property developers in promoting housing programs has created a way to revitalize housing sales and made affordable homeownership more available even as the real estate industry weathers a prolonged slump in condominium demand, according to Colliers Philippines.The major developers’ move to collaborate with the government in its housing initiatives was a positive development—one th…