Fate of Philippine property market hangs on outcome of national polls

The Philippine presidential elections in May are likely to delay any investment decisions by investors and developers, as they wait and see if the new administration will be business-friendly, analysts said.This in turn will potentially worsen a market that is already reeling from the impact of the coronavirus pandemic.“Some investors might take a wait-and-see stance until the new president is elected,” said Joey Bondoc, associate director, research at Colliers Philippines. “Some developers are…

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