Is the real estate bubble about to burst?

GO to any mall, from the posh to the pedestrian, and well-dressed young ladies (far more in number than the gentlemen) will approach you to hand you a brochure selling condominium units.

By the roadside along Sta. Rosa in Laguna – said to be the emerging mega-suburbia –you’d see less well-dressed sales people waving to motorists to stop so they could offer their brochures selling lots and houses in gated residential sites.   Newspaper ad space is now dominated by property advertising. Do these indicate a booming market, or one that is getting desperate?