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Housing fast-track may squeeze small developers
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Housing fast-track may squeeze small developers
FacebookTwitterInstagramPinterestLinkedin PHILIPPINE STAR/ BOY SANTOS THE GOVERNMENT’S fast-track licensing scheme may bring housing projects to market sooner but could favor large, well-capitalized developers because preselling proceeds must remain locked in escrow until a regular license to sell is issued, property analysts said. “A developer can no longer treat TLS-era pre-sales as free working capital, they need enough of a buffer to cover r…
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