drbubb 0 Report post Posted July 5, 2019 WOW! "Do the Math!" (on the influx of Chinese workers into Manila & PH) Landlords big winners as Philippines bets on Chinese gaming boom Over 100,000 Work permits for Chinese (& others come w/o permits) There are only about 120,000 condo units in Greater Manila. Do the math ! "Any Filipino landlords are laying out welcome mats for the surging number of Chinese coming to Manila to work in online gaming companies taking sports and casino bets, undeterred by simmering anti-China sentiment and a common perception that Chinese are taking Filipino jobs. “I was afraid at first because I heard so many bad things abut Chinese tenants but I was convinced later on when my friends told me they were doing the same”, said Tessie. “It’s benefiting people like me who need to earn”, said the 63-year-old housewife. Her home is close to a two-tower office building where five of the nine floors are used by Chinese gaming firms. A Chinese restaurant and Chinese tea shop downstairs do brisk trade. " . . . MORE : scroll down > === Check out this Meetup with Manila Real Estate Investors http://meetu.ps/e/GTWpN/1Gk3J/d Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted September 1, 2019 ROLLING OVER? A Big Drop Ahead ! PSEI / Philippines Stock Exchange Index ... update : 10d / Last: 7.761.54 -127.87. Late Aug. It rose into 8/30. Philippines PSEI / Possible Right Shoulder now in place at 8400, w/ recent rallyback to 8000 PSEI ... update : with Prop.Dev'l : 10d / Last: 7,980 + 87, + 1.10% Major property developers ROSE to a NEW PEAK at the time of the recent possible Right Shoulder PSEI Index vs- SMPH, ALI, & MEG ... 3-years / PSEI peak=early 2018. Property peak= July 2019 If the August low in PSEI gets taken out by a meaningful amount, then it would be a very bad sign for Philippines stocks The recent serious weakness in Property developer stocks is a sign that an important downturn may be underway. Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted March 7 At current price levels, in this challenging environment...I have become Bearish... and Three Key PH Property stocks have confirmed that view PH Property Stocks Will we see LOWER PH Property PRICES?? The supply of Properties for Sale is going to surge because: 1. Properties still being delivered, and new ones started. Few projects will be stopped. 2. People who are afraid will stop buying, 3. Banks will not finance large final payments, when the what is left to pay is BELOW the realistic marlet value of the property, This will force those who cannot make the last payment to sell 4. Flippers will aim to flip to exit their property speculations, if they can, 5. Chinese buyers, who cannot get back to PH will try to unload what they have bought/ WHERE ARE THE BUYERS who will absorb all this supply? Even if they are there, what price will they be willing to pay now?? Quote Share this post Link to post Share on other sites
drbubb 0 Report post Posted July 17 Philippines PROPERTY CYCLE: On another chat I posted this: I said: "I think I know where we are (in the 18 YEAR LONG PROPERTY CYCLE), and here you go, a chart that is labeled with the TURN points. Do remember that a bellwether share like ALI might turn 6-12 months ahead of the physical market. And ALI peaked in mid-2019. The physical market peak should have been right around the beginning of 2020: ... Update ALI & CHI data Assuming a peak in the Beginning of 2020, The next major low should be in 3 - 5 years, or the end of 2024 +/- 1 year. Quote Share this post Link to post Share on other sites
