DEVELOPMENTS in the Philippine economy bode well for the country’s real estate industry, but there remain a number of major challenges that must be aggressively addressed in order to maximize its full potential, the National Economic and Development Authority (NEDA) said.

“The shape of real estate industry in the Philippines has changed dramatically over the years,” Socioeconomic Planning Secretary Arsenio Balisacan said at The Organization of Property Stakeholders Inc.-Land Registration Authority (or LRA) Summit 2015 on Tuesday.

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