MANILA -- In 2013, Hu Liyun, 42, acquired her first condominium in Metropolitan Manila -- a 24-sq.-meter unit for her twin boys, who would be staying there to study English.
Hu, whose family manufactures sofas in Zhejiang, south of Shanghai, soon realized that Manila condos aren't a bad investment. Last year, she purchased her third, a 45-sq.-meter unit near Manila Bay, for 6 million pesos ($115,000).
