Condo shopping? Expect better payment terms in best buyer’s market in decades

BUSINESS DISTRICT. The skyline of Bonifacio Global City.

Patrick Roque/Wikimedia Commons

Two of the country's biggest condo developers, Ayala Land and SM Prime, are holding back launches and working down inventories as they compete harder for cautious homebuyers

MANILA, Philippines – If you’ve been waiting for a better time to buy a condominium, the balance of power may be shifting in your favor.

Two of the country’s biggest property developers – Ayala Land and SM Prime – are sitting on sizable residential inventories, holding back new projects, and concentrating instead on selling units they already have.