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Manila's global luxury residences rank high

MANILA has logged the fastest-growing price in the luxury residential market across the world, real estate consultancy firm Santos Knight Frank (SKF) said.

In a press conference in Makati City on Friday, the SKF said the price growth of Manila's prime residences was recorded at 21.2 percent over the past 12 months and at 19 percent in the last six months, based on the Knight Frank's Prime Global Cities Index.