“…The results from Table 3 below reveal that the during the first cycle, the recovery phase (a) (Remoy et al , 2019; Canepa et al , 2020; Huang, 2019; Alkali et al , 2018; Clayton, 2020; Roulac, 2020, Barras, 2007; Locurcio et al , 2020; Wang and Croucher, 2021; Wisniewski and Brzezicka, 2021; Harnos, 2018; De Stefani, 2021; Pai and Wang, 2020; Jakimowicz and Kulesza, 2017; Grum and Govekar, 2015; Bednarek et al , 2021; Duca et al , 2021; Toledano, 2019) had a total of 3,215 properties transferred, and valuing to a total of P620,708,121.6. Expansion phase (a) had a total of 3,557 properties transferred and with a total value of P2,312,546,275; oversupply phase (a) consisted of a total count of 2,261 properties transferred and a total value of P4,161,698,812.00.…”