100% Kelly

Real Estate Developers are still “if-fy” when it comes to the future of the industry after 2010. Of course its all due to the changing of the guard (the administration) but its also the current market condition suffered by the US which eventually trickles down to the Philippines. Bank and mortgage lenders are currently having a field day with all the loans being approved left and right (condos are really rolling off the assembly line the last couple years and its bound to continue on, at least for 2 more years. How much more can this last? Who’s to say? But developers are already being hit by the increase in construction cost. Another factor or two and it’ll probably spiral down. We’ll just have to see where this goes in a year or two.