New mid-income condo launches unlikely in the next 3 to 4 years - BusinessWorld Online

New mid-income condo launches unlikely in the next 3 to 4 years - BusinessWorld Online

IT MAY TAKE up to four years before launches of new middle-income residential condominium projects in Metro Manila begin picking up again, amid lingering oversupply in the market, according to real estate consultancy firm Cushman & Wakefield. “Based on historical experience, it will take about three to four years before the market begins to react again and new launches will be announced,” Claro dG. Cordero, Jr., director and head of research, co…