Landlords big winners as Philippines bets on Chinese gaming boom

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Landlords big winners as Philippines bets on Chinese gaming boom
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Tessie, her husband and their adult son recently vacated their home of 37 years ...

MANILA - Tessie, her husband and their adult son recently vacated their home of 37 years in a Manila suburb to make way for some unfamiliar tenants - 20 Chinese nationals.

“I was afraid at first because I heard so many bad things abut Chinese tenants but I was convinced later on when my friends told me they were doing the same”, said Tessie.Her home is close to a two-tower office building where five of the nine floors are used by Chinese gaming firms. A Chinese restaurant and Chinese tea shop downstairs do brisk trade.

In comparison, there were 4,477 work permit holders from Japan and 622 from the United States last year. POGOs will likely take up 1 million square meters of office space in Manila by year-end, Andaya said, nearly 12 times more than in the last quarter of 2016.

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