I've stayed on the 30 something'th floor of the Citadel in Makati a few times and had the same thought many times. The whole building is rotten and stinks of mould and damp. I wont even go out on the balcony in case the concrete gives way and I fall 300 feet to the ground
I cant imagine anything built more than 20 years ago in Makati is earthquake proof. Some of the newer foreign owned bank/insurance buildings are probably built to a higher standard.