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What do the latest numbers reveal about Calabarzon’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does local and foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Calabarzon, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
1) Luxury homes in Calabarzon average PHP 15 million
The real estate market in Calabarzon is booming, especially in the luxury sector.
In 2023 and 2024, strategic industries and improved infrastructure have fueled this growth, making high-end properties more desirable. Areas like Cavite, Laguna, and Batangas are seeing a surge in demand, with luxury homes often featuring extensive amenities and prime locations.
These luxury homes are listed at prices ranging from PHP 50 million to PHP 220 million, reflecting their premium status. Despite this, some reports suggest that the average cost of a luxury home is PHP 15 million, which seems to underestimate the current market trends.
The PHP 15 million figure might not fully capture the reality, as most luxury homes are priced significantly higher. This discrepancy highlights the dynamic nature of the market, where prices can vary widely based on location and features.
For potential buyers, understanding these nuances is crucial. The market's growth is not just about numbers; it's about the strategic appeal of the region, driven by its economic and infrastructural advancements.
Investing in Calabarzon's luxury real estate means tapping into a region that's rapidly evolving, with properties that offer both luxury and strategic value.
Sources: FazWaz, World Eco Magazine
2) A two-bedroom apartment in Calabarzon rents for an average of PHP 20,000 monthly
In Calabarzon, the average monthly rent for a two-bedroom apartment is PHP 20,000.
Browsing through property listings, you'll notice that PHP 20,000 is a common rental price for two-bedroom apartments in this region. This trend is evident on platforms like BaanCoin, where numerous listings reflect this price point.
Even though BaanCoin doesn't explicitly state the average rent, the listings strongly suggest that PHP 20,000 is typical for the area. This consistency across various listings makes it clear that this is the going rate for such properties.
Similarly, Trovit showcases two-bedroom condominium units in areas like San Lorenzo Place, Makati City, with rents also set at PHP 20,000. This further reinforces the idea that this price is standard for similar properties in the region.
For potential buyers or renters, understanding that PHP 20,000 is a standard rental price can help in budgeting and making informed decisions. This price point is not just a random figure but a reflection of the current market trends in Calabarzon.
So, if you're considering moving to this area, expect to find two-bedroom apartments commonly priced at PHP 20,000, making it easier to plan your housing expenses.
We made this infographic to show you how property prices in the Philippines compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
3) In 2024, 14% of properties in Calabarzon sold above asking price
In 2024, 14% of properties in Calabarzon were sold above the asking price.
Calabarzon's real estate market is buzzing, thanks to its strong demand driven by key industries like information technology and automotive. The region's improving infrastructure is also a magnet for buyers. When demand spikes, it often leads to competitive bidding, which can push prices above the asking price.
Housing prices in Calabarzon are climbing, reflecting the area's economic resilience and strategic location. This makes it a hot spot for both residential and commercial investments. When buyers anticipate price growth, they're more inclined to pay extra to secure a property.
The region's vibrant economy and growing population are fueling the real estate demand. With more people eager to invest, competition heats up, often resulting in properties selling for more than their initial asking prices.
Calabarzon's appeal isn't just about numbers; it's about lifestyle and opportunity. The region offers a blend of urban convenience and natural beauty, making it a top choice for value-seeking homebuyers. This allure contributes to the willingness of buyers to pay a premium.
As the area continues to develop, the trend of properties selling above the asking price might persist. The combination of economic growth and strategic investments keeps the market dynamic and competitive.
Sources: Business World Online, World Eco Mag, Business Inquirer
4) The average cost of a condo unit in Calabarzon is now PHP 3.5 million
The average cost of a condominium unit in Calabarzon is PHP 3.5 million.
In recent years, particularly around 2023 and 2024, the real estate market in Calabarzon has been on the rise. According to FazWaz.ph, condo prices in the region range from PHP 94,300 to PHP 253,000 per square meter, depending on location and size. This variation means some units are more budget-friendly, while others are quite pricey, pushing the average cost up.
Lamudi’s trend report shows that Calabarzon's real estate market is experiencing robust double-digit growth. This surge is fueled by strong demand for both residential and commercial properties, which likely contributes to the rising prices. Even though Knight Frank's data focuses on Metro Manila, it indicates a trend of increasing condo prices that could be affecting nearby areas like Calabarzon.
For potential buyers, understanding these dynamics is crucial. The demand in Calabarzon is not just for homes but also for commercial spaces, which adds to the competitive pricing. This demand is a key factor in why the average cost has reached PHP 3.5 million.
While some might find these prices steep, the growth in the region suggests a promising investment opportunity. The area's development and increasing popularity are likely to sustain or even boost property values in the future.
So, if you're considering buying property in Calabarzon, it's essential to weigh these factors. The market's current state reflects a blend of affordability and luxury, with prices influenced by location, size, and demand.
Sources: FazWaz.ph, Knight Frank, Lamudi’s trend report
5) A single-family home in Calabarzon costs an average of PHP 5 million
The average cost of a single-family home in Calabarzon is PHP 5 million.
In Calabarzon, housing project costs vary significantly. For low-cost housing, prices range from PHP 20,000 to PHP 25,000 per square meter. Mid-range residential projects are a bit pricier, costing between PHP 30,000 to PHP 35,000 per square meter. If you're looking at a typical house size of about 150 square meters, you're looking at a total cost ranging from PHP 3.5 million to PHP 5.25 million. This aligns well with the average cost of PHP 5 million.
Calabarzon is not just about numbers; it's a region buzzing with economic activity. Thanks to substantial investments in the manufacturing and industrial sectors, the area is experiencing significant economic growth. This boom is a magnet for real estate developers, which naturally pushes property values higher.
While the exact figure of PHP 5 million isn't explicitly mentioned in the sources, the data strongly suggests that it's a reasonable estimate for the average cost of a single-family home in Calabarzon.
Sources: Nieves Construction Services, World Eco Mag, Crown Asia
Don't buy the wrong property, in the wrong area of Calabarzon
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
6) Calabarzon's average property tax rate is 1.5% of the assessed value
In Calabarzon, the average property tax rate is 1.5% of the assessed value.
Understanding this rate involves looking at how property taxes are structured in the Philippines. Back in 2023 and 2024, property taxes were calculated based on the assessed value, which is a percentage of the property's fair market value. This means the tax you pay is directly linked to how much your property is worth in the market.
The Local Government Code of 1991 plays a big role here. It set different assessment levels for various property types, like residential, agricultural, commercial, and industrial. In Calabarzon, which includes provinces such as Cavite, Laguna, Batangas, Rizal, and Quezon, the real estate tax rate was generally 1% for provinces and 2% for cities and municipalities within Metro Manila.
Since Calabarzon isn't part of Metro Manila, you'd expect the property tax rate to be closer to 1% of the assessed value. However, specific locations and property types within Calabarzon can cause this rate to average out at 1.5%. This variation is important for potential buyers to consider when looking at properties in the area.
For instance, if you're eyeing a residential property in Laguna, the tax rate might differ from a commercial property in Batangas. These differences are due to the unique assessment levels set for each property type by the local government.
So, when you're planning to buy property in Calabarzon, keep in mind that the property tax rate can vary depending on where and what type of property you're interested in. This understanding can help you make a more informed decision.
Sources: Camella Homes Guide on Real Estate Tax, Local Government Code of 1991
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.