Property market needs 'balance' as Chinese demand rises: analyst

ABS-CBN News

Posted at Jan 22 2019 10:44 AM | Updated as of Jan 22 2019 10:54 AM

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MANILA – Property developers need to find their "balance" and avoid a "false sense of supply and demand" given rising demand from Chinese nationals, an analysts said Tuesday.

Rising interest rates make investors more "careful," but will be good for the market in the long run. Fast-growing and innovative developments make the local market interesting, said PropertyGuru International Awards managing director Jules Kay.

"Too much buying property will create a false sense of supply and demand and that could ultimately damage the long term health of the market," Kay told ANC's Early Edition.

"There's a balance there that needs to be found and any balance you can achieve is going to be for the benefit of those residents, so that’s a good thing," Kay said.