Malls Thread

[leonleon]

Chinese Money Triggers a Dizzying Rally in Manila Property - Bloomberg

Condo prices soar in some Manila areas on Chinese demand

Gambling boom has drawn 100,000 mostly Chinese workers

In Manila’s main financial district and its fringes, signs of the new inhabitants are everywhere: the restaurants serving steaming Chinese hotpots and dumplings, the Mandarin broadcasts at the Mall of Asia, and the soaring property prices.

An estimated 100,000 migrants, mostly Chinese, have flooded into pockets of the Philippines capital since September 2016, and the deluge is rippling through the city’s real estate market in ways that are unique among the world’s urban centers.

Manila's Bay Area sees highest price jumps for homes, rising commercial rents

“If not for offshore gaming operators, the property market would have crashed last year,” Leechiu said.

Kitt Lapeña, 34, a Makati resident for most of his life, has seen waves of foreign residents come and go before, from Japan and Korea, but never on the scale of the recent Chinese influx.

Broker was right, Tatang's SM is raking it in, big time, kaya pala sobra pa siyang yumaman.

Bow.