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Property Prices in Makati, Philippines

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Index Info
Price to Income Ratio: 24.54
Mortgage as Percentange of Income: 271.33%
Loan Affordability Index: 0.37
Price to Rent Ratio - City Centre: 13.98
Price to Rent Ratio - Outside of Centre: 41.82
Gross Rental Yield (City Centre): 7.16%
Gross Rental Yield (Outside of Centre): 2.39%

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Rent Per Month [Edit] Avg.
Range
Apartment (1 bedroom) in City Centre 33,000.00 ₱
23,000.00
45,000.00
Apartment (1 bedroom) Outside of Centre 10,000.00 ₱
8,000.00
12,000.00
Apartment (3 bedrooms) in City Centre 110,000.00 ₱
60,000.00
140,000.00
Apartment (3 bedrooms) Outside of Centre 20,000.00 ₱
15,000.00
25,000.00
Buy Apartment Price [Edit] Avg.
Price per Square Meter to Buy Apartment in City Centre 139,201.00 ₱
120,000.00
165,000.00
Price per Square Meter to Buy Apartment Outside of Centre 95,800.00 ₱
90,000.00
100,000.00
Salaries And Financing [Edit] Avg.
Average Monthly Disposable Salary (After Tax) 23,937.50 ₱
20,500.00
30,000.00
Mortgage Interest Rate in Percentages (%), Yearly 9.33
8.00
11.00

These data are based on 421 entries in the past 18 months from 60 different contributors.

Last update: September, 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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3 Comments so far

#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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