Condo High Rise Boom In Cebu City

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Old55
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This from a Filipino buddy who owns and invests in property in Cebu. "An expected new proposals for at least 20 more high-rises is expected for this year 2011. This is on top of the more than 20 either proposed or under construction for the year 2010."My wife and I are kinda looking at one of the new Ayala towers that will finish in 2014. But now I'm thinking there could be a glut of units soon especially high end condos. Perhaps prices will get real then? Is there a market for so many condo towers?

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Old55
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Another new condo starting soon, 55-stories not sure how many units.5165850393_fb18cbf462_z.jpg180862_181813698524951_100000889674906_412342_7735183_n.jpgBig mother

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