Gross rental yields in Philippines: Manila and Cebu
The average gross rental yield in the Philippines stands at 5.19% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 5.12%.
Last Updated: Feb. 16, 2024 | |||
METRO MANILA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Taguig City | |||
Studio & 1-Bedroom | $193,219 | $805 | 5.00% |
2-Bedroom | $425,798 | $1,610 | 4.54% |
3-Bedroom | $697,736 | $2,683 | 4.61% |
4+Bedroom | $2,554,244 | $7,156 | 3.36% |
Manila City | |||
Studio & 1-Bedroom | $87,396 | $394 | 5.41% |
2-Bedroom | $134,180 | $895 | 8.00% |
3-Bedroom | $259,415 | $1,297 | 6.00% |
Mandaluyong City | |||
Studio & 1-Bedroom | $89,453 | $447 | 6.00% |
2-Bedroom | $158,869 | $626 | 4.73% |
3-Bedroom | $357,813 | $1,431 | 4.80% |
Pasig City | |||
Studio & 1-Bedroom | $169,961 | $537 | 3.79% |
2-Bedroom | $255,746 | $895 | 4.20% |
3-Bedroom | $383,297 | $1,342 | 4.20% |
4+Bedroom | $1,071,133 | $2,326 | 2.61% |
Quezon City | |||
Studio & 1-Bedroom | $80,508 | $358 | 5.34% |
2-Bedroom | $143,125 | $626 | 5.25% |
3-Bedroom | $247,911 | $1,074 | 5.20% |
Pasay City | |||
Studio & 1-Bedroom | $121,656 | $537 | 5.30% |
2-Bedroom | $225,422 | $895 | 4.76% |
3-Bedroom | $375,704 | $1,521 | 4.86% |
Paranaque City | |||
Studio & 1-Bedroom | $91,164 | $411 | 5.41% |
2-Bedroom | $107,344 | $537 | 6.00% |
3-Bedroom | $285,556 | $1,767 | 7.43% |
San Juan City | |||
Studio & 1-Bedroom | $116,289 | $537 | 5.54% |
3-Bedroom | $470,525 | $1,431 | 3.65% |
Metro Manila avg. Rental Yields | 5.04% | ||
CEBU CITY - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Cebu City (all locations) | |||
Studio & 1-Bedroom | $93,183 | $447 | 5.76% |
2-Bedroom | $239,735 | $1,163 | 5.82% |
3-Bedroom | $432,239 | $1,610 | 4.47% |
Cebu City (all locations) avg. Rental Yields | 5.35% | ||
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Lamudi |
Philippines´s Historic Rental Yield Data
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the two largest cities of Philippines. We used the Lamudi website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).