Typhoon Ondoy damaged real estate to dampen property market
The damage to real estates caused by Typhoon Ondoy in Metro Manila and nearby areas has a dampening effect to some extent on investors in the property market in the affected areas.
Jaime Ysmael, senior vice-president and chief finance officer of Ayala Land Inc. (ALI), made this assessment on the impact of the flooding in those areas on the local property market.
“It will dampen the interest of investors which is a natural reaction but we cannot be sure it is a permanent thing because people forget,” Ysmael said. Read more…
Categories: Philippine Real Estate, Real Estate News Tags: typhoon ondoy real estate
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