Shares in Chinese property big Country Garden plunged on Monday after it missed bond payments and warned of multibillion-dollar losses, deepening considerations over the nation’s heavily indebted real estate sector. Puerto Azul Land Inc. recently introduced the development of Puerto Azul Gateway, conceptualized as a modern industrial center and envisioned by its developers to help drive domestic tourism in the coastal municipality of Ternate, Cavite. RE/MAX says robust equity gains, lower overall values, and downward-trending rates of interest are supporting demand for luxury houses.
Developers are launching residential projects, with increased interest and funding opportunities in these areas. Unsold housing …