Vinyl siding on nearby buildings melted and vehicles on the street were engulfed in flame when the fire in the three-building complex broke out early Sunday morning.
It took dozens of firefighters about seven hours to get the inferno under control.
No one was hurt, but about 200 people in neighbouring homes had to take shelter in a nearby school after police ordered them out as a precaution.
The damage estimate is at least $17 million and the condominium's builder says 90 per cent of the 265 units in the complex were pre-sold.
There was no immediate word on the cause of the fire. (CHED)