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Re Bubble

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PHILIPPINE REAL ESTATE BUBBLE
A Demand and Supply Analysis

_______________________________

By
ANTONETTE ANGELINE ALBAN
WILFRED JEROME LEJANO
KENNETH RAY QUINTANA
ARA LAIZA ROLDAN

In partial fulfilment of the requirements for
BA201 ECONOMIC ANALYSIS
First Trimester 2015 - 2016

Submitted to
JOEL C. YU, Ph.D.
University of the Philippines
Cesar E.A. Virata School of Management

OUTLINE
I.

Introduction
a. Statement of the Problem .............................................................
b. Background of the Study and Market Trends ................................
1. 1997 Asian Financial Crisis
2. The Late 2000 US Property Bubble
3. Real Estate Market Trends

II.

Analysis of the Philippine Real Estate Industry…………………………………..

III.

Conclusion ............................................................................................

IV.

References…………………………………………………………………………………………

Annex A. Major Industry Players
Annex B. Further Developments by the Major Industry Players
Annex C. Present Global Situation

2

I.

INTRODUCTION
A.

Statement of the Problem

The purpose of the study is to determine if there is an impending property bubble in the Philippines, citing current indications similar to the 1997 Asian Financial Crisis and the US Property Bubble in the late
2000, as well as comparisons with the general real estate market trend.
B.

Background of the Study and Market Trends
1.

1997 Asian Financial Crisis and the resulting Philippine property bubble

The 1997 Asian Financial crisis was a period of massive economic meltdown, the most severely affected countries of which were Indonesia, South Korea, and Thailand. The Philippines and the rest of the Asian region were also hurt heavily by the slump. In the local real estate sector, evidences of property bubble were clearly observed

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