ASEAN Money

Manila's condo crisis turns spotlight on oversupply

Demand hit by fading purchasing power and gambling policy U-turn

RAMON ROYANDOYAN
February 18, 2025 06:00 JST

MANILA -- Von Eric Cleofe says he has no intention of swapping the house he bought six years ago in Antipolo on Metro Manila's eastern outskirts for a condominium in the heart of the Philippine capital, even if he could afford it.

Read Next

Latest on ASEAN Money

  • ASEAN Money

    Cambodian solar industry booms and busts in fallout from US-China trade war

    Cambodian solar industry booms and busts in fallout from US-China trade war
  • ASEAN Money

    Thailand's 'king of consumer goods' leads Saha's bold e-commerce bid

    Thailand's 'king of consumer goods' leads Saha's bold e-commerce bid
  • ASEAN Money

    Chinese EV makers win over Southeast Asians with cut-price deals

    Chinese EV makers win over Southeast Asians with cut-price deals

    • Sponsored Content

    About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.