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Bacolod realty market has boomed over the
past few years, propelled by the economy's rebound.
The
bacolod realty market has boomed over the past few years,
propelled by the economy's rebound, foreign investment and easy
credit. Prices have skyrocketed and banks have been handing out
property loans at frenzied levels.
Bacolod
realty, Then along came Thailand's recent real-estate meltdown:
a huge property glut in the overheated market collapsed prices
and brought dozens of finance companies to their knees. Even
without the rumors, however, analysts found reasons to be
concerned about world, bacolod realty.
They
pointed to the sheer number of its high-rise projects: 15 are
ongoing, while five more are planned, bringing the total cost to
40 billion pesos ($1.5 billion). "world raised only [$19
million] from its [initial share offering] and demands a 50%
down payment on its pre-selling for the units," says Noel Reyes,
vice president for research at Real estate - bacolod realty.
Pacific shores
offers you a relaxing exotic environment of Negros island. |
