Philippines: rental yields in Manila range from good to excellent
Residential Valuation Specialist | February 09, 2022
|Last Updated: Feb. 09, 2022|
|BONIFACIO GLOBAL CITY -
|COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|45 sq. m.||172,722||813||5.65%||3,838||18.06|
|80 sq. m.||342,226||1,423||4.99%||4,278||17.79|
|150 sq. m.||811,839||3,026||4.47%||5,412||20.17|
|EASTWOOD CITY - Condos|
|40 sq. m.||82,879||350||5.06%||2,072||8.74|
|75 sq. m.||157,970||747||5.67%||2,106||9.96|
|LEGASPI VILLAGE - Condos|
|50 sq. m.||215,250||968||5.39%||4,305||19.35|
|120 sq. m.||456,360||1,985||5.22%||3,803||16.54|
|ORTIGAS CENTER - Condos|
|50 sq. m.||189,400||678||4.29%||3,788||13.55|
|70 sq. m.||431,006||1,752||4.88%||3,592||14.60|
|ROCKWELL CENTER - Condos|
|50 sq. m.||274,325||966||4.23%||5,487||19.32|
|120 sq. m.||663,146||2,284||4.14%||5,526||19.06|
|SALCEDO VILLAGE - Condos|
|50 sq. m.||189,950||779||4.92%||3,799||15.57|
|150 sq. m.||485,400||1,992||4.92%||3,236||13.28|
|200 sq. m.||721,200||2,316||3.85%||3,606||11.58|
| Districts researched
Bonifacio Global City (Taguig, Metro Manila), Legazpi Village, Salcedo Village and Rockwell Centre (Makati City, Metro Manila), Ortigas Centre (Pasig, Metro Manila), Eastwood (Quezon City)
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
The demand for property prices in the Philippines hampered. Thus, condominium property prices dropped off. Records have shown that these prices declined due to Covid-19 impact.
Makati City, as the country´s financial center offers a great and modest properties. If you are planning to buy a property, Makati is one of the best neighborhoods. Legazpi Village, Salcedo Village, Rockwell Centre, name it. This city is one of the most urban areas in the Philippines.
Bonifacio Global City is also one good place to live. In this area, condominium prices are from US $3,838 to US $ 5,412. For a 45 square meter unit you can get a rental yield of 5.65% and 4.47% for a 150 square meter unit. Not bad!
Compared to other neighboring districts, condominium prices in Rockwell, Makati are still expensive. It ranges from US $5,487 to $ to US $5,526 per square metre. For some neighboring districts like in Legazpi Village, Makati condominium prices are cheaper. It ranges from US $3,803 to US $4,305. And what´s interesting is that you can buy a larger size condominium much cheaper than a small one.
Round trip transaction costs are high for foreign buyers in Philippines (though the surcharge is unlikely to be permanent). See our Property transaction costs analysis for Philippines and Property transaction costs in Philippines, compared to the rest of Asia.