Authored by the expert who managed and guided the team behind the Philippines Property Pack
Yes, the analysis of Manila's property market is included in our pack
Curious about the future of Manila's real estate market? You're not alone. As the city continues to grow and evolve, many are wondering what the average condo prices will look like in 2025.
Will prices soar, stabilize, or perhaps even dip? What factors are influencing these trends, and how can you make an informed decision?
In this article, we'll explore the projected condo prices in Manila for 2025 and what they mean for potential buyers and investors.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Philippines Property Pack
Estimated Average Condo Prices in Manila for 2025
The following table provides estimated average prices for condominiums in Manila in 2025, broken down by area and measured in both square meters (sqm) and square feet (sft). These estimates are based on current trends and market analysis, and are subject to change due to economic factors and real estate market dynamics.
| Area | Average Price per sqm (PHP) | Average Price per sft (PHP) |
|---|---|---|
| Makati | 200,000 - 250,000 | 18,580 - 23,225 |
| Bonifacio Global City (BGC) | 220,000 - 270,000 | 20,445 - 25,090 |
| Ortigas Center | 150,000 - 200,000 | 13,935 - 18,580 |
| Quezon City | 100,000 - 150,000 | 9,290 - 13,935 |
| Pasig | 120,000 - 170,000 | 11,150 - 15,795 |
| Manila City | 90,000 - 140,000 | 8,360 - 13,005 |
| Taguig (outside BGC) | 110,000 - 160,000 | 10,225 - 14,870 |
| Parañaque | 80,000 - 130,000 | 7,435 - 12,075 |
| Las Piñas | 70,000 - 120,000 | 6,510 - 11,150 |
| Alabang | 130,000 - 180,000 | 12,075 - 16,740 |
| San Juan | 140,000 - 190,000 | 13,005 - 17,670 |
| Mandaluyong | 110,000 - 160,000 | 10,225 - 14,870 |
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What You Need to Know Before Buying a Condo in Manila in 2025
What is the average price per square meter for condos in Manila in 2025?
The average price per square meter for condos in Manila in 2025 is estimated to be around PHP 150,000.
This figure can vary significantly depending on the location and amenities offered by the condominium.
Prime areas like Makati and Bonifacio Global City tend to have higher prices compared to other districts.
How does the price of a condo in Manila compare to other major cities in Southeast Asia?
Condo prices in Manila are generally lower than in cities like Singapore and Hong Kong, where prices can exceed PHP 300,000 per square meter.
However, they are comparable to cities like Bangkok and Kuala Lumpur, where prices range from PHP 120,000 to PHP 180,000 per square meter.
This makes Manila an attractive option for investors looking for more affordable real estate in the region.
What are the expected annual appreciation rates for condos in Manila?
Historically, condos in Manila have appreciated at an annual rate of 5% to 7%.
In 2025, the appreciation rate is expected to remain stable, influenced by economic growth and urban development.
Investors should consider these rates when evaluating potential returns on their investment.
What are the typical monthly maintenance fees for condos in Manila?
Monthly maintenance fees for condos in Manila typically range from PHP 3,000 to PHP 10,000.
These fees cover the upkeep of common areas, security, and amenities such as swimming pools and gyms.
The exact amount depends on the size of the unit and the facilities offered by the condominium.
Are there any government incentives for purchasing a condo in Manila?
The Philippine government offers various incentives for real estate investments, including tax deductions and exemptions.
First-time homebuyers may benefit from reduced transaction fees and lower interest rates on housing loans.
It's advisable to consult with a local real estate expert to understand the specific incentives available in 2025.
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What are the financing options available for purchasing a condo in Manila?
Buyers can choose from several financing options, including bank loans, in-house financing, and Pag-IBIG Fund loans.
Bank loans typically offer interest rates of 6% to 8% per annum, with terms ranging from 5 to 20 years.
In-house financing may have higher interest rates but offer more flexible payment terms.
How does the location within Manila affect condo prices?
Condo prices in Manila are heavily influenced by their location, with central business districts commanding higher prices.
Areas like Makati, Bonifacio Global City, and Ortigas Center are among the most expensive, with prices exceeding PHP 200,000 per square meter.
In contrast, emerging areas like Quezon City and Pasig offer more affordable options with potential for growth.
What are the legal requirements for foreigners buying a condo in Manila?
Foreigners are allowed to own condominiums in the Philippines, provided that foreign ownership does not exceed 40% of the total units in a building.
Buyers must ensure that the developer complies with this regulation to avoid legal issues.
It's recommended to work with a local attorney to navigate the legal process smoothly.
What are the potential rental yields for condos in Manila?
Rental yields for condos in Manila typically range from 5% to 8% annually.
High-demand areas like Makati and Bonifacio Global City offer better rental returns due to their proximity to business hubs.
Investors should consider the rental market dynamics and occupancy rates when calculating potential yields.
How does the infrastructure development in Manila impact condo prices?
Ongoing infrastructure projects, such as new MRT lines and road expansions, are expected to boost property values in Manila.
Areas with improved connectivity and accessibility tend to see higher appreciation rates and increased demand.
Investors should monitor these developments to identify emerging hotspots for investment.
What are the common amenities offered by condos in Manila?
Most condos in Manila offer amenities such as swimming pools, gyms, function rooms, and 24-hour security.
Higher-end developments may include additional features like rooftop gardens, concierge services, and smart home technology.
Buyers should consider their lifestyle preferences and needs when evaluating the amenities offered by a condominium.
What are the risks associated with buying a condo in Manila?
Potential risks include market volatility, changes in government policies, and natural disasters like typhoons and earthquakes.
Buyers should conduct thorough due diligence and consider purchasing insurance to mitigate these risks.
Working with reputable developers and real estate agents can also help minimize potential issues.