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Property Prices in Makati, Philippines

Compare Makati with:
Index Info
Price to Income Ratio: 25.29
Mortgage as Percentange of Income: 279.64%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 15.38
Price to Rent Ratio - Outside of Centre: 31.03
Gross Rental Yield (City Centre): 6.50%
Gross Rental Yield (Outside of Centre): 3.22%

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Rent Per Month [Edit] Avg.
Range
Apartment (1 bedroom) in City Centre 32,375.00 ₱
24,000.00
45,000.00
Apartment (1 bedroom) Outside of Centre 13,000.00 ₱
10,000.00
18,000.00
Apartment (3 bedrooms) in City Centre 94,000.00 ₱
50,000.00
120,000.00
Apartment (3 bedrooms) Outside of Centre 28,000.00 ₱
15,000.00
40,000.00
Buy Apartment Price [Edit] Avg.
Price per Square Meter to Buy Apartment in City Centre 138,594.24 ₱
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) 23,166.67 ₱
17,000.00
30,000.00
Mortgage Interest Rate in Percentages (%), Yearly 9.33
8.00
11.00

These data are based on 504 entries in the past 18 months from 67 different contributors.

Last update: August, 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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