Chinese among top buyers of condominiums

LISTED company Cebu Holdings Inc. (CHI) expects heightened buying of condominium units among foreign buyers, particularly from the Chinese market.

CHI president Aniceto Bisnar Jr. noted an increase in buying activity from foreign buyers for both office leases and residential condo projects, which were previously marketed to overseas Filipino workers.

“The Chinese market is supporting the growth of real estate industry,” he said.

Chinese nationals were earlier identified by Ayala Land Inc. (ALI) as one of its strong buyers.

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