Philippines: rental yields in Manila range from moderate to good
Last Updated: Sept. 21, 2022 | |||
METRO MANILA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Taguig City | |||
Studio | $110,086 | $511 | 5.57% |
1-Bedroom | $131,131 | $681 | 6.23% |
2-Bedroom | $223,093 | $1,192 | 6.41% |
3-Bedroom | $502,384 | $2,044 | 4.88% |
4+Bedroom | $2,469,346 | $2,895 | 1.41% |
Manila City | |||
Studio | $68,162 | $272 | 4.80% |
1-Bedroom | $80,080 | $341 | 5.10% |
2-Bedroom | $93,665 | $545 | 6.98% |
3-Bedroom | $247,956 | $988 | 4.78% |
4+Bedroom | $443,051 | $2,725 | 7.38% |
Mandaluyong City | |||
Studio | $62,266 | $273 | 5.25% |
1-Bedroom | $73,274 | $392 | 6.42% |
2-Bedroom | $117,579 | $579 | 5.91% |
3-Bedroom | $332,288 | $1,704 | 6.15% |
4+Bedroom | $500,988 | $2,045 | 4.90% |
Pasig City | |||
Studio | $59,641 | $256 | 5.14% |
1-Bedroom | $69,866 | $375 | 6.44% |
2-Bedroom | $115,875 | $545 | 5.65% |
3-Bedroom | $238,566 | $1,176 | 5.91% |
4+Bedroom | $451,571 | $1,363 | 3.62% |
Quezon City | |||
Studio | $54,516 | $256 | 5.63% |
1-Bedroom | $61,346 | $307 | 6.00% |
2-Bedroom | $105,651 | $477 | 5.42% |
3-Bedroom | $190,682 | $852 | 5.36% |
4+Bedroom | $545,293 | $2,215 | 4.87% |
Pasay City | |||
Studio | $85,202 | $341 | 4.80% |
1-Bedroom | $102,243 | $426 | 5.00% |
2-Bedroom | $195,965 | $682 | 4.17% |
3-Bedroom | $274,351 | $1,363 | 5.96% |
4+Bedroom | $511,213 | $2,215 | 5.20% |
Paranaque City | |||
Studio | $56,233 | $204 | 4.36% |
1-Bedroom | $68,076 | $307 | 5.41% |
2-Bedroom | $92,461 | $426 | 5.53% |
3-Bedroom | $187,445 | $852 | 5.45% |
4+Bedroom | $570,854 | $2,556 | 5.37% |
San Juan City | |||
Studio | $69,864 | $324 | 5.56% |
1-Bedroom | $76,682 | $426 | 6.67% |
2-Bedroom | $124,395 | $767 | 7.40% |
3-Bedroom | $374,889 | $1,108 | 3.55% |
Metro Manila avg. Rental Yields | 5.40% | ||
CEBU CITY - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Cebu City (all locations) | |||
Studio | $54,850 | $273 | 5.96% |
1-Bedroom | $98,834 | $426 | 5.17% |
2-Bedroom | $134,619 | $767 | 6.84% |
3-Bedroom | $333,408 | $1,108 | 3.99% |
Cebu City (all locations) avg. Rental Yields | 5.49% | ||
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 Definitions: Data FAQ See also: Update Schedule |
Get updated rental yields data for 75 countries
The demand for property prices in the Philippines is hampered. Thus, condominium property prices dropped off. Records have shown that these prices declined due to the Covid-19 impact.
Rental yield returns in Manila are good, with them ranging between 3.55% to 7.40%, with a city average of 5.40%. Usually smaller properties tend to have higher rental yields, but this is not the case in Manila. Return rates are mostly similar on all apartment sizes.
Round trip transaction costs are high for foreign buyers in the 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.
Philippines - More data and information
- How expensive are houses in Philippines, compared to the rest of Asia?
- Property prices in Philippines. Graph of house price trends in Philippines
- How much rent can be earned from Philippine property, compared to the rest of Asia?
- How much tax must foreign owners pay when they rent out their Philippine property?
- Where to by property in Philippines