MManila condos shrink to ‘shoebox’ sizes

AS the amount of developable land in Metro Manila shrinks, so do the sizes of abodes in the country’s capital region, industry players have observed.

According to online property portal Lamudi Philippines, 42 and 41 percent of Metro Manila’s for-sale and for-rent condo inventories have floor sizes measuring 50 square meters or less—an apartment size many would consider as “shoebox.”