Forget Hong Kong and Singapore, Philippines housing is least affordable: survey

Hong Kong and Singapore routinely top global rankings of unaffordable cities. Yet it is the residents of Manila, Colombo and Yangon who are far more likely to tell pollsters they cannot afford shelter. The Philippines recorded the world’s highest share of people reporting difficulty affording housing in a new survey from US-based firm Gallup, with 55 per cent saying they had struggled to pay for shelter in the past 12 months. Sri Lanka followed at 54 per cent, Myanmar at 49 per cent and Thail...

By Sam Beltran