The market in China is totally collapsing and this will have a huge impact on all of Asia. Most developers i see here in Mindanao are just Chinese, like Evergrande is big in Davao and Tagum. In China we can see that firesales (when forced to take the highest offer) in the luxury segment give you chance to buy at 10 cent for a dollar in real estate property right now.
In the Philippines the condo prices are down by 35% since 2020. But i dont' want a condominum, i want a traditional non western styled house, so a lot of this is just curiosity for me.
The number of good offers you see for example on Facebook Marketplace and the foreclosure listing of banks are increasing and if i only would be more flexible in the location i would have bought something already.