johnrxx99 Posted January 30, 2009 Posted January 30, 2009 Stocks in the Philippines ended 0.5 percent lower after Ayala Land Inc., the country' largest real estate firm, tumbled by 7.1 percent on fear that the housing demand will drop as very few residents purchased homes.http://www.allheadlinenews.com/articles/7013879167Could be the early stages of an adjustment. Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted January 30, 2009 Forum Support Posted January 30, 2009 Thanks for that John. I never understood the high subdivision land prices in Cebu. I've visited some that only had 10% lots sold with home built. Link to comment Share on other sites More sharing options...
johnrxx99 Posted January 31, 2009 Author Posted January 31, 2009 Thanks for that John. I never understood the high subdivision land prices in Cebu. I've visited some that only had 10% lots sold with home built.That tends to be because locals buy plots for specualtion they can sell later. So they remain empty as the owners have no intention to build. Link to comment Share on other sites More sharing options...
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