For millions of Filipinos, owning a home is a distant dream

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Originally published byPhilippine Daily Inquirer

MANILA, Philippines — Finance professional Dayanara Lim spent two years trying to own a home in Metro Manila. She did not succeed. The 31-year-old had saved for months before she signed a rent-to-own agreement for a 30 sq m, one-bedroom unit in 2024. The plan was that she would pay P25,000 pesos a month for two years, after which she would have to secure a bank loan to take full ownership of the unit. “You have to sacrifice your lifestyle. You have to hustle. It’s not easy, but it’s doable,” Ms Lim told The Straits Times. Then she paused. “But […]...

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