Is the Philippines Economic Miracle a Bubble in Disguise

Housing-bubble

here’s an article from forbes’ magazine’s correspondent, jesse colombo who talks about the Philippine Economy being a Bubble in disguise.  I personally feel that the residential sector is already going through a much needed correction, with the studio and one bedroom units mostly affected.  the industrial and commercial sector will continue to grow ( we’re estimating a 10 year period ) as more international companies are looking into moving their operations to the Philippines.

to view the article, click on the link below :

http://www.forbes.com/sites/jessecolombo/2013/11/21/heres-why-the-philippines-economic-miracle-is-really-a-bubble-in-disguise/

prior to this article, i’ve blogged on several reasons the Philippines is far from a Bubble.  Although i must agree, that we will somehow be affected by China’s economic conditions ….

have a great day !

robert

Robert G. Sarmiento Properties
Professional Affiliation :
Real Estate Broker’s Association of the Philippines
President, Greenhills Chapter 2008-2009
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