Real estate as equity

By Raul J. Palabrica
Inquirer

MANILA, Philippines–Cynics and skeptics aside, it looks like the country is going through a mild construction boom.

The heavy inflow of cash remittances from overseas Filipino workers is fueling real estate development in Metro Manila and other highly urbanized cities and provinces.

Huge tracts of land that are unsuitable for agricultural purposes and which would otherwise be idle and unproductive, have become choice spots for low- and middle-income housing projects.

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