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.

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