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Yes, the analysis of Manila's property market is included in our pack
Thinking about buying a 3-bedroom apartment in Bonifacio Global City? It’s a great area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other districts like Makati or Ortigas where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Philippines Property Pack.
Will property prices increase in Manila in 2025?
Yes, property prices in Manila are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.
Backed by our fresh, in-depth market analysis, we’re confident that Manila remains one of the hottest cities in Southeast Asia for both domestic and international investors.
Sure, there are some economic bumps like inflation and rising interest rates, but the main drivers behind Manila’s price growth aren’t going anywhere.
Demand, especially in the prime central areas, still outstrips supply by a mile, making any major price dips a long shot. And let’s not forget—Manila’s status as a cultural, financial, and political hub keeps drawing in buyers from around the world.
Signals pointing to a property price increase in Manila
Here are some factors suggesting prices could increase:
The ongoing urbanization and population growth in Manila are expected to continue, leading to increased demand for housing. This demographic trend is likely to push property prices higher as more people move to the city for work and lifestyle opportunities.
Infrastructure developments, such as new transportation projects and road expansions, are set to improve connectivity in and around Manila. These enhancements are likely to make certain areas more attractive to buyers, driving up property values.
The Philippine government’s continued focus on economic growth and stability is expected to boost investor confidence, leading to increased investment in the real estate sector. This influx of capital is likely to support rising property prices.
The rise of mixed-use developments and smart cities in Manila is attracting both local and foreign investors. These modern developments offer a blend of residential, commercial, and recreational spaces, making them highly desirable and likely to command higher prices.
The growing trend of remote work and flexible working arrangements is expected to increase demand for residential properties in Manila, as more people seek homes that accommodate their work-from-home needs.
Signals pointing to a property price decrease in Manila
Here are some factors suggesting prices could fall:
Rising inflation and living costs are putting pressure on household budgets in the Philippines, which could lead to reduced purchasing power for potential homebuyers, particularly in the middle-income segment.
Higher interest rates could make it more challenging for buyers to secure affordable financing, potentially cooling demand for properties, especially among first-time buyers and those looking for investment opportunities.
The potential for an oversupply of condominium units in certain areas of Manila could lead to a temporary dip in prices as developers compete to attract buyers in a crowded market.
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If property prices go up in Manila, how much would they increase by?
If real estate prices in Manila were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in dynamic, emerging markets like Manila appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as location, economic conditions, and property type.
It means that, if you spot a lovely 2-bedroom condo in Bonifacio Global City for 8,500,000 PHP today, don't be surprised if it's priced between 8,755,000 and 9,095,000 PHP this time next year.
To give you a better understanding, here is a table that shows 7 types of Manila real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 (PHP) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Condominium (60 sqm / 646 sqft) | PHP 9,000,000 | PHP 9,270,000 | PHP 9,450,000 | PHP 9,630,000 |
| Modern Apartment (75 sqm / 807 sqft) | PHP 12,000,000 | PHP 12,360,000 | PHP 12,600,000 | PHP 12,840,000 |
| Luxury Penthouse (100 sqm / 1,076 sqft) | PHP 25,000,000 | PHP 25,750,000 | PHP 26,250,000 | PHP 26,750,000 |
| Studio (30 sqm / 323 sqft) | PHP 4,500,000 | PHP 4,635,000 | PHP 4,725,000 | PHP 4,815,000 |
| Loft (80 sqm / 861 sqft) | PHP 16,000,000 | PHP 16,480,000 | PHP 16,800,000 | PHP 17,120,000 |
| Townhouse (150 sqm / 1,615 sqft) | PHP 35,000,000 | PHP 36,050,000 | PHP 36,750,000 | PHP 37,450,000 |
| Investment Property (50 sqm / 538 sqft) | PHP 7,500,000 | PHP 7,725,000 | PHP 7,875,000 | PHP 8,025,000 |
Everything you need to know is included in our Property Pack for Manila
If real estate prices go up in Manila, which areas are likely to see the biggest increases?
Today, people who want to move to Manila want the charm, but they also want modern conveniences and vibrant social scenes, which Bonifacio Global City (BGC) delivers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Poblacion has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Manila market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Bonifacio Global City (BGC) | High | Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Makati Central Business District | High | Expected rise due to limited housing stock, upcoming renovations to commercial buildings, and growing demand for prime properties in central Manila. |
| Ortigas Center | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Alabang | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Quezon City | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Poblacion | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Pasig City | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Mandaluyong City | Medium | Investment in local infrastructure, such as the extension of MRT lines and renovation of historic areas, is boosting long-term value. |
| Taguig City | Medium-High | Its proximity to BGC, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| San Juan City | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Manila Bay Area | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Intramuros | High | Upcoming restoration of historic sites and high-profile cultural projects are driving a renewed focus on this central, historic location. |
-The best areas to buy a property in Manila
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation?
In 2025, Manila real estate trends focus on tech-smart, energy-efficient condominiums, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Condominiums:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Family-Sized Homes in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near Manila, such as Quezon City and Alabang, are seeing increased interest. Proximity to green spaces and schools is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In dense cities like Manila, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Manila's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
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