In a statement over the weekend, Lamudi Philippines said growth in the country’s real estate industry, underpinned by a sound economy, is creating new opportunities for property developments in various cities. As development is spreading outside of the main Metro Manila cities, Lamudi named the top 10 cities to watch this year. “The average price of two-bedroom houses in the city was P2.8 million, compared to P3.68 million in Quezon City,” Lamudi said. Also in the top three is Iloilo City, which also ranked in Tholons’ best outsourcing destinations in the world, bagging the 91st spot. Other cities on the list are Cagayan De Oro City, Bacolod City, Lapu-Lapu City, Mandaue City and Davao City in the Visayas and Mindanao regions.

Source: Manila Times January 23, 2017 15:08 UTC