The Philippine residential market experienced challenges in the third quarter of 2024, marked by a significant slowdown in property launches and rising inventory levels, according to Leechiu Property Consultants (LPC).
LPC director for research and consultancy Roy Golez highlighted in a recent briefing that sales stabilized at about 7,000 units per quarter, reflecting a nearly 50-percent decline from pre-pandemic levels of 13,000 to 15,000 units.
Launches declined significantly, while unsold inventory...
The Philippine residential market experienced challenges in the third quarter of 2024, marked by a significant slowdown in property launches and rising inventory levels, according to Leechiu Property Consultants (LPC).
LPC director for research and consultancy Roy Golez highlighted in a recent briefing that sales stabilized at about 7,000 units per quarter, reflecting a nearly 50-percent decline from pre-pandemic levels of 13,000 to 15,000 units.
Launches declined significantly, while unsold inventory...
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