Most real estate-engaged establishments in the formal sector operated on their own or leased properties rather than through contract-based real estate activities in 2014, a survey by the Philippine Statistics Authority (PSA) said.
Results of a 2014 Annual Survey of Philippine Business and Industry (ASPBI) conducted by the PSA and released only on Thursday, showed a total of 504 establishments with total employment of 20 and over in the formal sector of the economy were engaged in real estate activities.
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