Property

Create a free account with Business Times for seamless access across SPH Media products.

Property

Property Supplements

SUBSCRIBERS

Soaring land prices in Manila spark property bubble concerns

Published Thu, Nov 6, 2014 · 09:50 PM

Manila

RECORD bids for two plots of land in a Manila business district have lifted prices to a 17-year high, raising concerns that a property bubble is forming.

The 1,600-square-metre site in the former military camp of Bonifacio fetched 732.8 million pesos (S$21 million) and 800 million pesos each at a government auction in September.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes