‘Property developers cut capex as housing glut weighs on sales’
Philippine property developers are scaling back spending and shifting more capital toward income-generating assets as elevated housing inventories, higher interest rates and weaker purchasing power continue to weigh on residential sales, according to S&P Global Ratings.
Source: Philstar Biz
https://www.philstar.com/business/2026/10/06/2561145/property-developers-cut-capex-housing-glut-weighs-sales