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Metro Manila condo rents could fall to ₱5,000 ($78): Property consultant

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Gulf News
“Metro Manila condo rents could fall to ₱5,000 ($78): Property consultant”

Manila: Condominium rents across Metro Manila could fall to as low as ₱5,000 ($78) a month "within the next 12 months" as an oversupply of middle-market units continues to drive prices down, property consultant David Leechiu said. Leechiu, CEO and co-founder of Leechiu Property Consultants, said some studio units previously rented for ₱30,000 monthly now cost just ₱12,000, with further declines expected. “It’s going to go down to as cheap as ₱8,000, maybe even ₱5,000, in the next 12 months for…

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