What type of housing is referenced when discussing a selling price of P4,000,000?

When discussing a selling price of P4,000,000, the reference is to open market housing. Open market housing is characterized by its pricing being determined by market forces rather than being subsidized or limited by government or specific housing programs. This type of housing generally falls within the middle to high end of the market spectrum, appealing to buyers who can afford higher prices without the constraints that apply to affordable or low-cost housing options.

In contrast, affordable housing typically targets lower-income households and is often subject to pricing regulations aimed at making it more accessible. Low-cost housing caters to very low-income individuals, which means the prices are significantly lower than what would be seen in an open market scenario. Medium-cost housing occupies a range between low-cost and higher-end housing but still does not reach the pricing levels typical of open market housing. Therefore, the P4,000,000 price points towards open market housing, where prices reflect the current market conditions and consumer demand.