Landlords the big winners in gaming boom


Big business: Apartment ads with Chinese characters are posted in a leasing company in Pasay City, Metro Manila. — Reuters

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.

It wasn’t an easy decision to let out their five-bedroom home, but for 140,000 pesos (RM11,305) a month in rent – nearly three times the norm in their middle-class neighbourhood – it was an offer too good to refuse, said Tessie. She declined to be identified by her full name.

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