Gross rental yields in Philippines: Manila and Cebu
The average gross rental yield in Philippines stands at 5.21% (Q2, 2023).
Last Updated: July 12, 2023 | |||
METRO MANILA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Taguig City | |||
Studio & 1-Bedroom | $182,982 | $732 | 4.80% |
2-Bedroom | $384,261 | $1,555 | 4.86% |
3-Bedroom | $695,330 | $2,745 | 4.74% |
4+Bedroom | $2,744,724 | $3,660 | 1.60% |
Manila City | |||
Studio & 1-Bedroom | $88,164 | $366 | 4.98% |
2-Bedroom | $129,601 | $640 | 5.93% |
3-Bedroom | $274,472 | $1,455 | 6.36% |
Mandaluyong City | |||
Studio & 1-Bedroom | $86,790 | $384 | 5.31% |
2-Bedroom | $146,389 | $823 | 6.75% |
3-Bedroom | $319,016 | $1,189 | 4.47% |
Pasig City | |||
Studio & 1-Bedroom | $128,087 | $494 | 4.63% |
2-Bedroom | $164,683 | $769 | 5.60% |
3-Bedroom | $365,963 | $1,372 | 4.50% |
4+Bedroom | $512,348 | $2,196 | 5.14% |
Quezon City | |||
Studio & 1-Bedroom | $82,342 | $329 | 4.79% |
2-Bedroom | $133,577 | $640 | 5.75% |
3-Bedroom | $224,152 | $915 | 4.90% |
Pasay City | |||
Studio & 1-Bedroom | $128,087 | $467 | 4.38% |
2-Bedroom | $219,458 | $823 | 4.50% |
3-Bedroom | $428,543 | $1,830 | 5.12% |
Paranaque City | |||
Studio & 1-Bedroom | $81,584 | $366 | 5.38% |
2-Bedroom | $103,385 | $549 | 6.37% |
3-Bedroom | $233,302 | $1,830 | 9.41% |
San Juan City | |||
Studio & 1-Bedroom | $99,637 | $549 | 6.61% |
2-Bedroom | $133,577 | $1,098 | 9.86% |
3-Bedroom | $439,156 | $1,464 | 4.00% |
Metro Manila avg. Rental Yields | 5.41% | ||
CEBU CITY - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Cebu City (all locations) | |||
Studio & 1-Bedroom | $91,491 | $457 | 5.99% |
2-Bedroom | $205,412 | $915 | 5.35% |
3-Bedroom | $475,752 | $1,464 | 3.69% |
Cebu City (all locations) avg. Rental Yields | 5.01% | ||
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 |
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).