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What are the current prices of property in Manila, Philippines?


current prices of property in Manila, Philippines

Buying overseas properties has become a norm for investors around the world. Still, most of them mainly focus on properties in popular cities. After all, the hotter the property, the better the investment, and the greater the possibility of appreciation.

Overseas real estate is not particularly popular, but almost all regions have been invested in it. Did you know that the Asian region, like Japan, has better property value preservation? And that The United States and European countries have both value and good returns on their properties? Besides, some Southeast Asia have great potential for urban properties - and Manila's property from the Philippines is one of them!

1. What are the current property prices in Manila, Philippines?

Manila is the capital of the Philippines and is a fantastic city for real estate investment. Why? Although Manila is not a developed country, its overall environment is ideal and very livable - not to mention the economy, health care, and standard of living are all good. Therefore, choosing to invest in property here will at least ensure that demand is high. After all, the main population is gathered here in Manila.

manila, philippines

Property prices in Manila, Philippines, are not very high compared to most cities. They are suitable for middle-class investors. The average price of an average property in Manila is around $20,000 per square meter, and the prices are increasing at a very high rate of about 15% per year. The main reason why there are so many people investing in Manila properties is that it has a lot of room for appreciation.

Most of the properties to invest in Manila are condominiums, and the price of an average 20sqm-50sqm condominium costs about $500,000 - $1,000,000. Manila condominiums are fully furnished and ready to move in. They are also surrounded by convenient transportation and infrastructure, including shopping malls, hospitals and schools.


2. Specific prices in Manila by area

Property prices in different areas of Manila are a bit different. For example, new properties in the casino area cost around RM190,000 - 220,000 per square meter. Recent developments by Chinese developers in Manila are relatively cheaper, with the average price of a property condo being RM149,000-RM174,000/sqm. Of course, there are also new properties with lower average prices, around RM97,000-123,000/sqm.

condo in manila philippines

Suntrust Solana Condominium, matchless accessibility to Metro Manila’s best key destinations.
Source: Juwai.Asia

If you're looking to purchase a second home in Manila, they're also available. But usually, the prices of such properties are not low. For example, the average cost of second homes in the casino area is around RM123,000-143,000/sqm. Compared to new homes, second homes in Manila are not as popular as one would think. But for investors with little capital, second homes are something to consider getting into.


3. Does Manila property still have investment value?

Whether a property in an overseas market is worth investing in is usually judged by the market environment, the city's GDP per capita, the market supply and demand, and the property's price. The Philippine economy has been growing steadily for several years, exceeding 6% for eight consecutive years and even grew to 11.8% in Q2 2021, with the GDP per capita has reached about US$3,300.

Based on the analysis of the above trends, the Philippine property market has been in a golden growth period in recent years. In addition to being driven by the economy, the supply and demand of the market and the population also play a massive part in its growth. The relatively high population density in Manila and the predominantly young people contribute to the high demand in the housing market.

The return on investment in the Manila real estate market is relatively impressive, with a low threshold for overseas investors. After buying an ideal investment property, they can earn a return of 5% in the short term, but of course, the percentage of recovery can reach more than 10% in the long term. From the data analysis, its rental return is maintained at 8%.

Overall, property in the capital of the Philippines is more suitable for investment.

If you are thinking of investing in a property in Manila, you can leave your contact information and requirements below or get in touch with us directly.

We have a professional team that can provide you with the most reasonable solutions and answers to your enquiries!

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