REUTERS (AN EXCERPT)
About 70 percent of the country's estimated 90 million population do not have their own homes, he said.
EDEN: No matter how sad this may sound like, this is an OPPORTUNITY for REAL ESTATE PLAYERS to HELP the general public by making the properties ACCESSIBLE to them through RENT TO OWN SCHEMES.
"It's end-user demand driven. It is not investor driven, that's the difference with the property boom before the Asian crisis," said Victor Asuncion, director at property services firm CB Richard Ellis Philippines.
EDEN: This shows what MARKET CYCLE that the PHILIPPINE REAL ESTATE scene is.
"It is not speculative. There is a specific demand being addressed."
Construction is booming across much of the country, especially in Manila, a mostly low-rise city where dozens of residential towers are beginning to dot the skyline.
EDEN: Always have a vision.... and end with a positive note.
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