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What rental yield can you get with a condo in Cebu? (2026)

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SUMMARY

We analyzed condo rental yields in Cebu, as of 2026, for residential condo buyers, using the raw dataset provided as the factual base. The work compares estimated purchase prices, monthly rents, gross rental yields, and net rental yields across Cebu neighborhoods and condo sizes.

This article is updated regularly, so the numbers should be read as a current May 2026 Cebu condo yield snapshot rather than a fixed valuation.

The main Cebu finding is that small condos remain the most capital-efficient rental product. Studios average roughly 4.8% net yield, almost identical to 1-bedroom condos, but they require less total capital.

Lahug and Guadalupe show the strongest studio yield profile in the dataset, with estimated 5.5% net yield. Lahug is the better all-rounder because it combines strong yield with tenant depth near IT Park, Salinas Drive, schools, hospitals, and upper Cebu City.

Cebu IT Park is not the cheapest purchase market, but it is one of the easiest rental stories. Estimated studio and 1-bedroom net yields sit around 5.0%, supported by offices, walkability, restaurants, and a large renter base.

Mabolo and Mandaue City are practical value areas. They do not carry the same prestige as Cebu Business Park or IT Park, but they offer estimated net yields around 5.0% to 5.2% and benefit from access to malls, offices, hospitals, and cross-city routes.

The weakest income profile is in South Road Properties, Cebu Business Park, and Mactan Newtown. These areas can be attractive lifestyle or liquidity locations, but high purchase prices, high-amenity building costs, and narrower tenant pools reduce realistic net yield.

Two-bedroom condos in Cebu rarely beat studios on yield. They can reduce turnover and work for families or stable tenants, but they tie up more capital and are more exposed to furnishing, repair, vacancy, and building-cost risk.

For a beginner foreign buyer, the safest Cebu condo investment approach is not to chase the highest gross yield. It is to compare net yield, tenant depth, building management, condo dues, realistic vacancy, resale liquidity, and project-level foreign ownership rules together.

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Condo rental yields in Cebu in 2026

This table compares condo rental yields in Cebu by neighborhood and unit type.

For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studio condos, 1-bedroom condos, and 2-bedroom condos.

Finally, please note you'll find much more detailed data in our real estate pack about Cebu.

Neighborhood Studio condo average purchase price Studio condo average monthly rent Studio condo gross rental yield Studio condo net rental yield 1-bedroom condo average purchase price 1-bedroom condo average monthly rent 1-bedroom condo gross rental yield 1-bedroom condo net rental yield 2-bedroom condo average purchase price 2-bedroom condo average monthly rent 2-bedroom condo gross rental yield 2-bedroom condo net rental yield
Banilad ₱4.2m ₱22,000 6.3% 4.8% ₱5.6m ₱31,000 6.6% 5.0% ₱7.8m ₱43,000 6.6% 5.0%
Cebu Business Park ₱5.8m ₱25,000 5.2% 3.8% ₱7.8m ₱36,000 5.5% 4.0% ₱11.5m ₱52,000 5.4% 4.0%
Cebu IT Park ₱4.9m ₱26,000 6.4% 5.0% ₱6.8m ₱36,000 6.4% 5.0% ₱9.6m ₱50,000 6.2% 4.9%
Fuente Osmeña ₱3.7m ₱19,000 6.2% 4.7% ₱5.2m ₱27,000 6.2% 4.8% ₱7.0m ₱36,000 6.2% 4.8%
Guadalupe ₱3.1m ₱18,000 7.0% 5.5% ₱4.6m ₱25,000 6.5% 5.2% ₱6.2m ₱33,000 6.4% 5.0%
Lahug ₱4.1m ₱24,000 7.0% 5.5% ₱5.9m ₱33,000 6.7% 5.2% ₱8.2m ₱45,000 6.6% 5.1%
Mabolo ₱3.8m ₱21,000 6.6% 5.1% ₱5.4m ₱30,000 6.7% 5.1% ₱7.5m ₱41,000 6.6% 5.1%
Mactan Newtown ₱5.1m ₱24,000 5.6% 4.0% ₱7.2m ₱34,000 5.7% 4.0% ₱10.5m ₱47,000 5.4% 3.8%
Mandaue City ₱3.4m ₱19,000 6.7% 5.2% ₱4.9m ₱27,000 6.6% 5.2% ₱6.7m ₱36,000 6.4% 5.0%
Ramos ₱3.2m ₱17,000 6.4% 5.0% ₱4.5m ₱24,000 6.4% 5.0% ₱6.0m ₱32,000 6.4% 5.0%
South Road Properties ₱5.4m ₱23,000 5.1% 3.6% ₱7.6m ₱33,000 5.2% 3.6% ₱11.0m ₱48,000 5.2% 3.7%
Talamban ₱3.0m ₱16,000 6.4% 5.1% ₱4.3m ₱23,000 6.4% 5.1% ₱6.1m ₱32,000 6.3% 5.0%

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Which neighborhoods offer the best net yield among areas people actually want to live in Cebu?

The best net-yield neighborhoods among areas people actually want to live in Cebu are Lahug, Cebu IT Park, Mabolo, Mandaue City, and Guadalupe.

These areas combine estimated net yields around 5.0% to 5.5% with real renter demand, not just cheap purchase prices.

Lahug is the strongest all-rounder in the Cebu condo market. Lahug studios produce an estimated 7.0% gross yield and 5.5% net yield, while 1-bedroom condos still reach about 5.2% net.

Cebu IT Park has slightly lower modeled net yields than Lahug studios, but it has better tenant depth. Its estimated studio and 1-bedroom net yields are both around 5.0%, supported by offices, walkability, restaurants, and service businesses.

Mabolo and Mandaue City are the better value but still rentable choices. Mabolo sits around 5.1% net across all three unit types, while Mandaue City ranges from 5.0% to 5.2% net.

Guadalupe has one of the highest estimated studio net yields at 5.5%, but it is more unit-selection-sensitive. For a beginner buyer, the practical takeaway is that Cebu IT Park is safer and more liquid, Lahug and Mabolo give better yield for the price, and Guadalupe needs more careful building screening.

Where can I find condos with above-average yields and below-average entry prices in Cebu?

The clearest Cebu neighborhoods with both above-average yields and below-average entry prices are Guadalupe, Mabolo, Mandaue City, Ramos, and Talamban.

The safest of these for a beginner buyer are Mabolo and Mandaue City, because they have better rental depth than the cheapest pockets.

Guadalupe has the strongest arithmetic. A studio at about ₱3.1 million renting for about ₱18,000 per month gives a 7.0% gross yield and 5.5% net yield.

Mabolo is less spectacular but more balanced. A 1-bedroom condo at about ₱5.4 million renting for ₱30,000 per month gives about 5.1% net yield.

Mandaue City is a value case, not a prestige case. Its 1-bedroom estimate of ₱4.9 million and ₱27,000 per month gives about 5.2% net yield.

The warning is Ramos and Talamban. Both can show around 5.0% net, but Ramos often carries older-building risk and Talamban depends more on schools, families, and north-side commuting.

Where does the rent level justify the condo purchase price most clearly in Cebu?

The rent level most clearly justifies the condo purchase price in Lahug, Mabolo, Cebu IT Park, and Mandaue City.

These areas have enough rent to support the price, while still keeping purchase prices below the most expensive Cebu lifestyle districts.

Lahug is the cleanest rent-to-price case. A studio at ₱4.1 million with rent around ₱24,000 per month gives about 7.0% gross yield and 5.5% net yield.

Mabolo also looks rational. Its estimated 1-bedroom numbers, ₱5.4 million purchase price and ₱30,000 monthly rent, support a 6.7% gross yield and 5.1% net yield.

Cebu IT Park is expensive, but its rents partly justify the price. The estimated studio price of ₱4.9 million and rent of ₱26,000 per month produce about 6.4% gross yield and 5.0% net yield.

Mandaue City is the value alternative. Its purchase prices are lower, and rent remains supported by employees, business owners, medical workers, and families needing access to both Cebu City and Mandaue.

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Where is the best place to buy if I want stable rental income rather than maximum yield in Cebu?

For stable rental income rather than maximum yield in Cebu, the best choices are Cebu IT Park, Cebu Business Park, Banilad, Mabolo, and Lahug.

The highest-yield neighborhoods are not always the most stable, because tenant depth and resale liquidity matter as much as the yield percentage.

Cebu IT Park is the clearest stability market. Its estimated net yield is about 4.9% to 5.0%, not the absolute highest, but renter depth is unusually strong for Cebu because offices, restaurants, services, and walkable condo stock reinforce each other.

Cebu Business Park has lower yield, around 3.8% to 4.0% net, but better liquidity. It benefits from Ayala Center Cebu, offices, hotels, medical access, and strong buyer recognition.

Banilad is stable for larger and higher-budget tenants. Its estimated 2-bedroom net yield is around 5.0%, and the area works better for stable tenants than for maximum yield.

Mabolo is the more affordable stability pick. Its 5.1% net profile is attractive because it sits between several demand centers rather than depending on one tenant group.

Which condo or condo-style unit type gives the best return for the lowest total investment in Cebu?

The best return for the lowest total investment in Cebu is usually the studio condo, especially in Lahug, Guadalupe, Cebu IT Park, Mabolo, and Mandaue City.

A well-located studio gives nearly the same average net yield as a 1-bedroom condo, but with less capital tied up.

Across the table, studios average about 4.8% net yield, almost identical to 1-bedroom condos. The difference is capital requirement.

A studio in Guadalupe is modeled at ₱3.1 million, Lahug at ₱4.1 million, Mabolo at ₱3.8 million, and Cebu IT Park at ₱4.9 million. These entry prices are much lower than 2-bedroom units.

The strongest Cebu studio cases are Lahug and Guadalupe, both at about 5.5% net yield. Cebu IT Park studios are slightly lower at about 5.0% net, but they are usually easier to rent.

The 1-bedroom condo is the best balance product. It costs more, but it attracts couples, single professionals with higher budgets, and longer-stay tenants.

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Which neighborhoods offer strong rental income with the lowest vacancy risk in Cebu?

The Cebu neighborhoods that best combine strong rental income with low vacancy risk are Cebu IT Park, Lahug, Mabolo, Cebu Business Park, and Banilad.

They are not always the highest-yielding areas, but they have deeper renter pools.

Cebu IT Park is the easiest example. Estimated monthly rents are ₱26,000 for studios, ₱36,000 for 1-bedroom condos, and ₱50,000 for 2-bedroom condos.

Lahug has slightly better modeled yields and still has strong tenant depth. Lahug studios at ₱24,000 per month and 1-bedroom condos at ₱33,000 per month are supported by proximity to IT Park, Salinas Drive, schools, hospitals, and hillside condo clusters.

Mabolo is strong because it is connected to multiple demand sources. The estimated 1-bedroom rent of ₱30,000 per month and net yield of 5.1% make it a practical income area.

Cebu Business Park has lower net yields, but vacancy risk should be lower for good units because of Ayala Center Cebu, offices, hotels, and central prestige.

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Which areas look overpriced relative to their rental income in Cebu?

The Cebu areas that look most overpriced relative to rental income are South Road Properties, Cebu Business Park, and Mactan Newtown, especially for larger units.

These can be good lifestyle or capital-preservation locations, but the rental-income case is weaker.

South Road Properties is the clearest yield problem. A 2-bedroom condo is modeled at ₱11.0 million with rent around ₱48,000 per month, giving only 5.2% gross yield and 3.7% net yield.

Cebu Business Park is excellent for centrality, but expensive for yield. A 2-bedroom estimate of ₱11.5 million and ₱52,000 monthly rent gives about 4.0% net yield.

Mactan Newtown has a similar issue. The 2-bedroom estimate is ₱10.5 million with ₱47,000 monthly rent, giving about 3.8% net yield.

The local reason is buyer psychology. Cebu buyers often pay premiums for Ayala access, township branding, seaside lifestyle, newer amenities, and perceived safety, but those premiums do not always translate into proportional rent.

Which neighborhoods should I avoid even if the rental yield looks attractive in Cebu?

A beginner should be cautious with Guadalupe, Ramos, Talamban, and some older Fuente Osmeña buildings, even when the rental yield looks attractive.

These areas can work, but the headline yield can hide vacancy, resale, and building-quality risk.

Guadalupe has one of the strongest studio yields in the table at 5.5% net, but that does not make every unit safe. The yield is partly high because entry prices are low.

Ramos looks efficient, with around 5.0% net across unit types. The risk is older building stock, weaker resale liquidity, and possible repair or special-assessment exposure.

Talamban also shows around 5.0% to 5.1% net, but it has a narrower demand base. It works best near schools, hospitals, and north-side commuting routes.

Fuente Osmeña is central, but building age matters. Older elevators, water systems, security, and maintenance culture can materially reduce the real return from a condo investment.

Which neighborhoods look risky even though the rental yield is high in Cebu?

The Cebu neighborhoods that look risky despite high yield are Guadalupe, Ramos, Talamban, and selected Mandaue City pockets.

The risk is not always rent. It is usually tenant depth, building quality, resale liquidity, or distance from the strongest renter nodes.

Guadalupe studios show 7.0% gross yield and 5.5% net yield, one of the best results in the table. The risk is that demand is more practical and budget-driven than prestige-driven.

Ramos has a neat yield profile around 5.0% net, but older buildings can distort returns. Lower purchase prices lift the yield calculation, yet maintenance costs and outdated layouts can hurt resale.

Talamban has low entry prices, with studios around ₱3.0 million and 1-bedroom condos around ₱4.3 million. That supports yields near 5.1% net, but demand is more dependent on local families, students, and north Cebu access.

Some Mandaue City pockets can be strong, but not all are equal. Areas near business districts and malls can rent well, while disconnected or industrial-feeling pockets can have weaker livability and slower resale.

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What neighborhoods should I avoid when buying a rental condo in Cebu?

For beginner rental-condo investors in Cebu, the main avoid-or-be-careful list is South Road Properties, Mactan Newtown, Ramos, Talamban, and weak older buildings in Fuente Osmeña or Guadalupe.

The issue is different in each area, so this is not a full-neighborhood ban.

South Road Properties should be avoided by yield-first beginners unless the purchase price is clearly discounted. Estimated net yields are only 3.6% to 3.7%, because prices are high and the renter base is still maturing.

Mactan Newtown should be approached carefully for long-term rentals. It has lifestyle appeal and good rents, but estimated net yields are only 3.8% to 4.0%, mainly because purchase prices and building costs are high.

Ramos should be avoided in poorly maintained older buildings. The yield can look fine at 5.0% net, but maintenance risk and resale liquidity are weaker than in IT Park, Lahug, or Mabolo.

Talamban should be avoided for small units far from transport and daily amenities. Its yield looks attractive, but the tenant pool is narrower and more location-specific.

Guadalupe should not be avoided completely, but beginners should avoid bad buildings there. The area can produce strong returns, yet the investor needs to check access, safety perception, security, elevator condition, water pressure, and management quality.

Which neighborhoods are seeing rental demand weaken, and why, in Cebu?

The Cebu neighborhoods most exposed to weakening rental demand are Mactan Newtown, South Road Properties, older Fuente Osmeña buildings, and weaker Ramos buildings.

The issue is not that all demand is disappearing. It is that rent growth and tenant depth look less dependable.

Mactan Newtown is vulnerable because its rental pool is narrower. It depends more on expats, airport-linked tenants, tourism-adjacent demand, and lifestyle renters.

South Road Properties is exposed to supply timing. It has major development potential, but the rental base still needs time to mature, and new condo supply can compete for the same renters.

Older Fuente Osmeña buildings face competition from newer towers in IT Park, Lahug, Mabolo, and South Road Properties. Centrality still matters, but tenants paying ₱25,000 to ₱40,000 per month often compare elevators, amenities, security, parking, and furnishing quality.

Ramos has the same issue at a lower price point. It can rent, but if the building is tired, tenants may choose newer Mabolo, Lahug, or Mandaue options for a similar monthly budget.

Which neighborhoods are seeing new developments that could create stronger rental demand in Cebu?

The Cebu neighborhoods where new development could create stronger rental demand are South Road Properties, Cebu IT Park, Lahug, Mandaue City, Mabolo, and Mactan Newtown.

The key is separating demand-positive development from supply-heavy development.

South Road Properties has the biggest long-term change story. Better transport and major development can expand the renter pool, especially for workers who need south-to-north access.

Cebu IT Park remains development-positive because offices, restaurants, retail, and serviced condo buildings reinforce each other. New supply can pressure rents, but tenant demand is also deep.

Lahug benefits from spillover. It captures renters priced out of IT Park but still wanting near-IT Park access.

Mandaue City and Mabolo benefit from Metro Cebu’s decentralization. As Cebu City prices rise, renters who need access to both Cebu City and Mandaue often accept these practical areas.

Mactan Newtown is mixed. New lifestyle and tourism infrastructure can help rents, but too much similar condo supply can create competition.

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Which neighborhoods are becoming more attractive to renters because of recent infrastructure or transport changes in Cebu?

The neighborhoods becoming more attractive because of Cebu transport changes are South Road Properties, Fuente Osmeña, Capitol and Fuente-adjacent areas, Lahug, Cebu IT Park, and parts of Mandaue access corridors.

The Cebu BRT is the main infrastructure story, because it can improve the practical connection between south, central, and north Cebu rental nodes.

Cebu IT Park benefits at the northern end because it becomes even more accessible. That helps studios and 1-bedroom condos most, because younger workers and single professionals are more sensitive to commute convenience.

Fuente Osmeña and Capitol-adjacent areas benefit if better transport reduces commuting friction. Older buildings there may not get the full rent premium, but better access can reduce vacancy for well-maintained units.

South Road Properties has the biggest upside, but also the biggest timing risk. If access improves before rents fully catch up, yields can improve, but if purchase prices already price in the transport story, the investor may still earn only 3.6% to 3.7% net.

The trade-off is that infrastructure can lift both rents and prices. The better opportunity may be a practical, well-priced unit near improved transport, not necessarily the newest station-adjacent tower.

Which neighborhoods have become less attractive for condo investors over the last 12 months in Cebu?

The Cebu neighborhoods that have become less attractive for yield-focused condo investors are South Road Properties, Cebu Business Park, Mactan Newtown, and some premium Lahug buildings.

They remain desirable places, but the rental-income math has become tighter.

South Road Properties looks less attractive because prices reflect future infrastructure and township expectations, while current long-term rents still produce only about 3.6% to 3.7% net yield in this model.

Cebu Business Park remains liquid, but yield is compressed. Net yields around 3.8% to 4.0% are below the stronger Cebu neighborhoods in the table.

Mactan Newtown is less attractive for long-term yield because carrying costs and purchase prices are high relative to stable monthly rent. The model shows 3.8% to 4.0% net yield, weaker than Lahug, Mabolo, or Mandaue City.

Premium Lahug buildings need careful screening. Lahug as a neighborhood is strong, but luxury or low-density projects with very high prices can behave more like Cebu Business Park: excellent to live in, weaker for income yield.

Which condo types are becoming harder to rent in Cebu, and in which neighborhoods?

The condo types becoming harder to rent in Cebu are mainly expensive 2-bedroom condos in South Road Properties and Mactan Newtown, plus older studios in Ramos and Fuente Osmeña.

The problem is not the unit type alone. It is the mismatch between rent, building quality, purchase price, and tenant pool.

South Road Properties 2-bedroom condos are the clearest affordability-risk case. The estimated rent is ₱48,000 per month, but the purchase price is about ₱11.0 million, producing only 3.7% net yield.

Mactan Newtown 2-bedroom condos face a similar issue. At about ₱47,000 monthly rent and ₱10.5 million purchase price, the modeled net yield is only 3.8%.

Older studios in Ramos and Fuente Osmeña can become harder to rent if they compete against newer studios in Lahug, Mabolo, or IT Park. The rent may be lower, but tenants still compare security, elevators, internet readiness, furnishings, and building condition.

Cebu IT Park and Lahug studios remain more durable. They are supported by young professionals, BPO workers, single expats, and renters who value walkability.

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INSIGHTS

These insights are drawn from the Cebu condo rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential condo to rent out.

You’ll find even more insights in our our real estate pack about Cebu.

  • Cebu studios average around 4.8% net yield, almost identical to 1-bedroom condos. The key difference is that studios need less capital, so they are usually more efficient for a beginner buyer.
  • Lahug studios show Cebu’s best balance of yield and renter depth. The 5.5% net yield is strong, and the area benefits from IT Park spillover, schools, hospitals, and practical daily access.
  • Guadalupe studios beat Cebu’s average net yield by about 0.8 percentage points. The opportunity is real, but the building must be screened carefully because the yield is partly driven by lower entry prices.
  • Cebu Business Park is liquid, but its 3.8% to 4.0% net yield is weak for income buyers. A buyer there is paying for centrality, recognition, and resale comfort more than maximum rental return.
  • South Road Properties looks expensive before its rental base is fully mature. The long-term story may improve, but current net yields around 3.6% to 3.7% leave little margin for a yield-first buyer.
  • Mactan Newtown rents are high, but resort-style costs reduce realistic Cebu net yield. This is a useful reminder that high rent is not enough when purchase prices and building costs are also high.
  • Mabolo is Cebu’s quiet middle. It offers affordable entry, solid rents, and balanced demand without relying too heavily on one office park or tourist segment.
  • Cebu IT Park is the easiest rental story, not the cheapest purchase story. Its best feature is tenant depth, which can matter more than a few extra tenths of yield.
  • Talamban gives low entry prices, but tenant depth is narrower than Lahug or IT Park. The area works best when the condo is close to schools, hospitals, transport, and daily services.
  • Banilad 2-bedroom condos work better for stable tenants than maximum yield. Larger formats can reduce turnover, but they are not usually the most capital-efficient option.
  • Cebu 2-bedroom condos rarely beat studios on yield. They can still work for families, sharers, or corporate tenants, but the buyer needs to price in furnishing, repair, and vacancy risk.
  • Ramos looks efficient on price, but older-building risk matters more. A cheap unit in a tired building can lose its advantage through repairs, special assessments, and slower tenant replacement.
  • Fuente Osmeña benefits from centrality, but building age limits rent premiums. Good access is useful, but renters still compare elevators, security, furnishing, and maintenance quality.
  • Mandaue City gives Cebu investors value, especially near business and mall nodes. It is a practical rental market rather than a prestige play.
  • High-amenity Cebu towers need higher rents just to match older low-fee buildings. For condo investors, the gap between gross yield and net yield is often where the real investment result is decided.

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OUR METHODOLOGY TO BUILD THIS TRACKER

To estimate purchase price, monthly rent, and rental yield in different Cebu neighborhoods, we manually built our own analysis from the ground up by neighborhood and condo type. For each area, we looked separately at studio condos, 1-bedroom condos, and 2-bedroom condos, using comparable residential condo listings where possible.

We did not reuse a third-party yield dataset. We manually researched current residential sale and rental listings across major real estate platforms relevant to Cebu, including Lamudi, Dot Property Philippines, and FazWaz Philippines.

For each neighborhood and condo type, we collected comparable sale listings ourselves, then cleaned the sample. Duplicate listings, luxury outliers, distressed assets, serviced-style offers, incomplete listings, unrealistic asking prices, and clearly non-comparable properties were removed.

Sale prices were normalized by location, property type, size, condition, and listing quality where possible. We used the median price as the main reference when the sample was broad enough, or the average only when the sample was clean and not distorted by outliers.

We then built the rental side separately. For the same Cebu neighborhood and condo type, we collected comparable rental listings, removed outliers and non-comparable units, and estimated a realistic monthly rent, using the median rent where possible.

Purchase prices and rents were researched separately, then matched by neighborhood and condo type to estimate gross rental yield. Gross rental yield is calculated as annual rent divided by estimated purchase price.

To estimate net yield, we did not apply one flat discount across the whole Cebu condo market. The deduction was adjusted by neighborhood and condo type, because different residential condos have different cost structures and leasing risks.

For condo markets, listed purchase prices and asking rents are not enough by themselves. We also pay attention to condo dues, association fees, vacancy risk, repairs, insurance, real property tax, leasing friction, building maintenance, management costs, project-level rules, and foreign-owner restrictions when those inputs are available in the raw data.

Each estimate is assigned a confidence level based on the quality and size of the comparable listing sample. A sample of 30 to 40 comparable listings means higher confidence, 20 to 30 comparable listings means usable but less robust, and fewer than 20 comparable listings means directional only unless the comparable area is widened.

These estimates are updated regularly and should be read as structured market estimates, not guarantees of future rental income. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Cebu.