I have one I picked up for around $200 at cabela's two years ago. I liked that it came with a rail for mounting a scope or red dot sight. I put a cheap($30) red dot on it and can hit a 3" target pretty concistently at 20-30 yds. The pistol shoots incredibly well and has very few failures as long as you keep it clean, especially the ejector. It shot better at first with hi-power rounds such as CCI mini-mags, but, after the first 2-300 rounds, it seems to eat anything I try in it. Mine was on the recall list and I sent it in for the firing pin re-fit and got it back in 3-4 weeks. Check here for info on the recall so you don't get one with the old firing pin.
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Thought you might like to see something I got from my aunt a while back, since you are in Manila. This might help explain the price of ammo down there.
It's a P38 made entirely out of bullets and brass, probably from left over WWII ammo, the base of the ashtray is a 115mm M14 round. The engraving says "Manila P.I. "45"