It may take 8 years before Metro Manila condos are bought. Where are people going?

It may take 8 years before Metro Manila condos are bought. Where are people going?

MANILA, Philippines – Metro Manila has more condominium units available versus what it can sell. According to Colliers Philippines, a property consultancy firm, it may take over 8 years before the ready for occupancy (RFO) units in the metro will be taken up by the market. More units are also expected to be in the market this year — at least 8,900 with Colliers expecting the Bay Area in Pasay positioning itself as the “largest residential hub by…