Price rises resume in the Philippine housing market
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The residential real estate market in the Philippines is back on track, with a strong economic recovery, and a wave of optimism.
Average prices of luxury-3 bedroom condominiums in Makati CBD, the financial capital, rose 1.5% q-o-q to PHP101,600 (US$2,300) per sq. m. in Q3 2010, the second quarterly increase after a 0.9% increase in Q2, according to Colliers International. The average price was up by 1.9% from a year earlier, but down by 1.8% when adjusted for inflation.
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