NOT long ago, Manila virtually ran out of working space for the Chinese horde that came to engage in online gaming. Known as Philippine Offshore Gaming Operators (POGO) they created a minor boom in the property market, with all its positive and negative effects. But online gambling by the POGOs quickly branched out into other illegal activities, prompting the Philippine government to adopt corrective measures.
Now, a similar property boom is reportedly shaping up from early speculations that the American GIs are coming back with their military bases.One property owner in Bonifacio Global City told me her high-rise condo has just been taken over by some 'CIA contractor-types' who are still looking for more high-end residences to lease.From her reported conversation with the Americans, she gathered that the return of the bases, which closed down upon the termination of the Philippine-US military bases agreement in 1991, was no longer subject to speculation, but was as sure as the next sunris
Source: Real Estate Daily Report (realestatedailyreport.net)
American Gis Philippines Military Bases Property Boom
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