10 months Prices of Manila Bay condos surge by a phenomenal 65% MB |Biz
By Bernie Cahiles-Magkilat Prices of residential units in Manila Bay area have gone up by a phenomenal 65 percent in 2018 on Chinese buying sprees of condominium units for their online gaming operations, but experts said the run-away increase is rather a “flash in the pan”. Rick Santos, chairman and CEO of property consultancy and management firm Santos Knight Frank, reported that average selling prices of residential units in the Manila Bay area have shoot up to P242,467 per square meter in 2018 compared to P146,949 per sqm in 2017, the highest in all the central business districts in Metro ... more