Countless Filipinos stranded in homes as waters rise caused by Typhoon Vamco

Scores of Filipinos living in Metro Manila and nearby areas are calling for help after floodwaters have risen due to the onslaught of Typhoon Vamco (local name, Ulysses).

Marikina City resident Erik Arganda told Coconuts Manila that he and his girlfriend had to seek refuge in their neighbor’s home. They are currently stuck on the second floor to avoid the rising waters. Marikina is a valley and is regularly inundated by floods during the typhoon season.

“The water is higher than a person. A lot of people here are waiting for [the government] to rescue them, but they haven’t yet arrived,” he said.

Read: Typhoon Goni leaves at least 10 dead as Filipinos look for missing Duterte

Marikina City Mayor Marcy Teodoro told radio station DZBB that the floodwaters are as high as when Typhoon Ketsana struck in 2009. Ketsana, locally named Ondoy, was one of the worst typhoons to

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Rich Filipinos Are Boosting Beach Home Sales Near Manila

(Bloomberg) — Prices of seaside properties near Manila are rising, as rich Filipinos look for second homes away from the Philippine capital region, broker Leechiu Property Consultants Inc. said.

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Land values in gated resort communities in Batangas, a province south of Manila, increased between 20% and 46% in October from year ago, the broker said in a report on Friday. Non-listed transaction value for 400 to 800 square-meter lots go as high as 50 million pesos ($1.04 million).

“High net worth individuals tired of being cooped up in Metro Manila and looking for investment opportunities have been driving purchases,” it said. They are also “seeking healthier environments” away from business districts amid high daily infections in the capital.

Properties in gated villages in suburbs in the capital and surrounds are also getting a boost, said Joey Bondoc, senior research manager at broker Colliers International Group Inc. in Manila.

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