Philippine property on track another breakthrough year

MANILA, Philippines – Another breakthrough year looms for real estate in 2017 as the local market remains largely insulated against geo-political risks, a property expert said.

Rick Santos, chairman and CEO of Santos Knight Frank Inc., said the country’s property market is capable of shielding itself from the political noises brought about by the changes in administrations in both the Philippines and United States.

“In any country, it is natural to have that period of adjustment every time there is a change in government. But I think the Philippine real estate market is fundamentally sound and demand will continue,” Santos told The STAR.

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