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Property Prices in Makati, Philippines

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Index Info
Price to Income Ratio: 24.01
Mortgage as Percentange of Income: 251.42%
Loan Affordability Index: 0.40
Price to Rent Ratio - City Centre: 14.82
Price to Rent Ratio - Outside of Centre: 37.93
Gross Rental Yield (City Centre): 6.75%
Gross Rental Yield (Outside of Centre): 2.64%

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Rent Per Month [Edit] Avg.
Range
Apartment (1 bedroom) in City Centre 31,857.14 ₱
23,000.00
45,000.00
Apartment (1 bedroom) Outside of Centre 10,000.00 ₱
10,000.00
10,000.00
Apartment (3 bedrooms) in City Centre 102,000.00 ₱
60,000.00
140,000.00
Apartment (3 bedrooms) Outside of Centre 25,000.00 ₱
15,000.00
35,000.00
Buy Apartment Price [Edit] Avg.
Price per Square Meter to Buy Apartment in City Centre 139,114.64 ₱
120,000.00
165,000.00
Price per Square Meter to Buy Apartment Outside of Centre 97,250.00 ₱
90,000.00
100,000.00
Salaries And Financing [Edit] Avg.
Average Monthly Disposable Salary (After Tax) 24,611.11 ₱
20,500.00
30,000.00
Mortgage Interest Rate in Percentages (%), Yearly 8.58
6.88
11.00

These data are based on 474 entries in the past 18 months from 65 different contributors.

Last update: December, 2014

country data (source CIA, 2013)
GDP Per Capita ($) : 4,700.00
GDP Growth Rate: 6.80%
Population Growth Rate: 1.81%

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4 Comments so far

#juancho on Oct 27, 2014 :
The fair market value of property in terms of price per sqm in Manila, Philippines are subject to multiple variables. 1. Location (Fire station, police station, schools, hospitals and malls nearby) 2. amenities of the development (Ex: balcony "is it usable or just enough space for the condensing unit of the a/c", gym, pool, kiddie pool, basketball court, etc...) 3. condition of the unit with regard to wear and tear. 4. is the unit fully furnished or just finished. Fully furnished means you only have to move in... A finished unit means that no furnishings and appliances are inclusive. These are... Flooring (tiled or wood planks), walls (painted w/ base coats and finsihing coats), modular kitchen (above and below), fixtures (faucets, sinks and toilets).
#winston on Jul 09, 2014 :
I think the price here is undervalued. I checked some condominium outside the makati cbd and it is priced at 105k per sqm. From unknown developer. I think the data presented here is misleading and under valued.
#jess on Jan 03, 2014 :
The price of per sqm in makati outside the center is expensive too. I scouted low rise condo with not familiar developer and they priced me at 100,000 pesos per sqm the minimum ( depends on where your room faces and how many windows you want). The makati property is not beyond reach of average middle earners if you have intention to buy.
#George on Dec 08, 2012 :
I think the price per sq meter for condominiums is under estimated here. When I inquired last time (August 2012)I was quoted prices like 6 million PHP for studio of 36 sq meters or 9.8 million PHP for 1 bedroom condominium of 60 sq meters in center of makati and walking distance to Greenbelt. In both cases that will be well over 100 000.00PHP/sq meter.

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