Philippine residential property prices continue to surge
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The Philippine residential property market continued to perform spectacularly, amidst robust economic growth. During the year to Q2 2015, the average price of a luxury 3-bedroom condominium unit in Makati central business district (CBD) surged 7.91% (6.61% inflation-adjusted) to PHP149,300 (US$3,179) per square metre (sq. m.), according to Colliers International.
During the latest quarter, condominium prices in Makati CBD increased 1.35% (1.1% inflation-adjusted) in Q2 2015.
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