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
Where are the best places to invest in Manila right now? Is Makati still the top pick, or are areas like Bonifacio Global City, Quezon City, and Alabang gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with real estate agents, developers, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Manila and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Pampanga's Clark Freeport Zone is booming with business growth and infrastructure projects driving property demand
The Clark Freeport Zone in Pampanga is becoming a hot spot in the real estate market.
In 2023, the area saw massive infrastructure investments totaling around US$5.5 billion, turning it into a modern city with smart tech and green spaces. This transformation is making Clark an attractive place for both businesses and residents.
Businesses are flocking to Clark, drawn by government incentives like tax holidays. This influx is creating more jobs, which in turn attracts more people to the area, boosting the demand for housing and commercial spaces.
Transportation is also getting a major upgrade with new highways and airport expansions, making Clark more accessible. This ease of access is a big plus for businesses and residents, further increasing property demand.
As more people and companies move in, the value of properties in Clark is on the rise. The combination of business growth and improved infrastructure is making the area a prime spot for real estate investment.
With all these developments, Clark is quickly becoming a key player in the real estate market, offering a promising future for potential investors.
Sources: Investment into Clark Freeport Zone hits US$5.5 billion in 1H23, Clark, ready for takeoff as the Philippines' city of the future
2) Alabang in Muntinlupa City is gaining interest for its suburban charm and new commercial and residential developments
Alabang in Muntinlupa City is gaining attention for its suburban charm and booming new projects.
Over the past decade, property values in Alabang have surged, with Ayala Alabang Village seeing a 16% annual growth in land values from 2013 to 2023. This rise highlights the area's increasing allure for potential buyers.
Masterplanned estates have played a key role in Alabang's transformation. Projects like Ayala Land’s South Park District and Megaworld’s Alabang West have expanded the land size by 658%, introducing premium condos and modern offices, making it a sought-after place to live and work.
Alabang's strategic location, enhanced by the South Luzon Expressway and Skyway, has improved its accessibility, attracting real estate investors. The area offers a mix of city development and natural beauty, perfect for those wanting a balanced lifestyle.
The presence of mixed-use estates has led to the creation of new shopping centers and lifestyle hubs, further boosting Alabang's appeal. This blend of convenience and leisure makes it an attractive option for potential homeowners.
With its suburban appeal and ongoing development, Alabang is becoming a prime spot for those looking to invest in property. The area's growth is evident in its rising property values and expanding infrastructure.
Sources: Inquirer Business, KMC Mag Group
We have made this infographic to give you a quick and clear snapshot of the property market in the Philippines. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Mandaluyong City is a real estate hotspot with its central location and growing mixed-use developments boosting rental and resale values
Mandaluyong City is turning heads in the real estate world thanks to its prime location and booming mixed-use developments.
In just a few years, property prices in Mandaluyong have skyrocketed, with costs per square meter jumping from P92,935 in 2017 to P206,000 in 2020. This surge reflects the area's growing demand and allure. The rise of mixed-use communities like The Observatory is a game-changer, blending living, shopping, and working spaces into lively neighborhoods. These projects are strategically placed near major business hubs such as Makati and Ortigas, making Mandaluyong a sought-after spot for both living and business.
Infrastructure improvements and better transport links are also key to Mandaluyong's real estate boom. The Mandaluyong CBD Master Plan is a massive project, offering over 2 million square meters of mixed-use space with a focus on urban design and pedestrian-friendly paths. This development is seamlessly connected to MRT and bus routes, making it a breeze for residents and businesses to access other parts of Metro Manila.
Living in Mandaluyong means being at the heart of everything, with easy access to work, shopping, and leisure. The city's central location and the rise of mixed-use developments are not just enhancing its appeal but also boosting rental and resale values. This makes it an attractive option for potential property buyers looking for a vibrant and convenient place to call home.
For those considering investing in Mandaluyong, the city's transformation into a real estate hotspot is undeniable. The combination of strategic location, modern infrastructure, and dynamic communities is driving up property values and making it a prime choice for both investors and homebuyers.
Sources: Lamudi, BusinessWorld Online, KGPDS
4) Bay City in Pasay City is booming with its closeness to entertainment hubs and Manila Bay projects boosting property values
Bay City in Pasay City is a hot market because property prices are soaring.
In October 2024, the median sale price of a home in Bay City hit $122K, marking a 28.7% jump from the previous year. This surge shows that more people are eager to buy homes here, making it a competitive market. The area is buzzing with interest, not just for homes but also for commercial spaces. Bay City boasts a large chunk of Metro Manila's condominium stock, and from 2023 to 2025, an average of 6,700 new condo units are expected annually. This trend highlights the growing appeal of living and doing business in the area.
The Manila Bay reclamation projects are a game-changer. These projects are set to draw in massive investments, with vertical property development valued at P23 trillion. Such developments are poised to significantly boost property values, making Bay City even more attractive to investors.
Bay City's proximity to major entertainment hubs is another big draw. It hosts integrated resort complexes like City of Dreams Manila and Okada Manila, along with large shopping centers such as the SM Mall of Asia. These attractions make the area appealing to both residents and tourists, adding to its allure.
With these entertainment hubs nearby, Bay City offers a vibrant lifestyle that appeals to a wide range of people. The area is not just about living; it's about enjoying a dynamic environment where everything is within reach. This convenience and lifestyle appeal are key reasons why Bay City is on the radar for many potential buyers.
As the Manila Bay reclamation projects progress, the anticipation of increased property values is palpable. Investors are keenly watching these developments, knowing that the area's potential is immense. The combination of entertainment, business opportunities, and strategic location makes Bay City a prime spot for property investment.
Sources: Inquirer, Philstar, Redfin, BusinessWorld
5) Bonifacio Global City in Taguig is thriving as a central business district with high property appreciation rates
Bonifacio Global City (BGC) in Taguig City is a hot spot for real estate thanks to its central business district status and impressive property appreciation rates.
In recent years, property prices in BGC have soared, with Shang Properties’ Horizon Homes setting a new record at P881,000 per square meter. This is a big jump from previous transactions, which ranged from P470,000 to P640,000 per square meter. Such a strong upward trend makes BGC a magnet for real estate investors looking for high returns.
Rental yields in BGC are some of the best in Metro Manila, averaging around 6–7% annually. This outshines other areas like Ortigas. The high demand for residential and commercial spaces, especially from employees of multinational companies, keeps these yields robust. These companies not only boost demand for living spaces but also for office spaces, pushing property values even higher.
Infrastructure projects like the BGC-Ortigas Link Bridge are making BGC more accessible and desirable. This improved connectivity is expected to further drive up property values and demand. The government's support for business growth in Taguig City, where BGC is located, also plays a crucial role in its economic development and high property appreciation rates.
With BGC's strategic location and continuous development, it's no wonder that property values keep climbing. The area is not just a business hub but also a lifestyle destination, attracting both local and international investors. The presence of top-notch amenities and a vibrant community adds to its appeal.
For anyone considering a property investment, BGC offers a unique blend of high returns and a dynamic environment. It's a place where business meets leisure, making it a prime choice for those looking to invest in the future of Metro Manila.
Sources: Bilyonaryo, Gandang Bahay, USA Inquirer
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6) Nuvali in Santa Rosa, Laguna, is gaining interest for its eco-friendly projects and long-term property appreciation potential
Nuvali in Santa Rosa, Laguna, is drawing in property buyers with its eco-friendly developments and potential for long-term property appreciation.
People are increasingly interested in sustainable living spaces, and Nuvali is right on trend. A survey by Santos Knight Frank found that more homebuyers want low-density, green spaces. This isn't just a local thing; globally, 70% of millennials are willing to pay more for homes with sustainable features. Nuvali is ahead of the game with initiatives like solar panels at guardhouses, cutting down on electricity use and carbon emissions.
Location is another big draw for Nuvali. Nestled in Santa Rosa, Laguna, it offers easy access to Metro Manila and major highways. This makes it perfect for those who want a suburban vibe but still need to be connected to the city. Plus, with good schools and shopping spots nearby, it’s a community that has it all.
The Philippine government is also backing sustainable urban development, which boosts Nuvali's appeal. Programs like the Department of Energy’s Green Building Program offer incentives for energy-efficient buildings. This support, along with media coverage of Nuvali’s green efforts, has cemented its status as a sustainable community.
Sources: PreSelling.com.ph, Tribune.net.ph, Nuvali.ph, Business Inquirer, OnePropertee
7) Ortigas East in Pasig City is gaining interest for its strategic location and infrastructure upgrades, enhancing property appreciation potential
Ortigas East in Pasig City is quickly becoming a hotspot for property buyers due to its prime location and infrastructure upgrades.
One major factor is the completion of the Ortigas Avenue Extension, a 15.5-kilometer freeway that has significantly improved traffic flow and connectivity. This makes commuting a breeze and adds to the area's allure. Plus, the upcoming Metro Manila Subway Project, expected by 2025, will make getting around even easier, boosting Ortigas East's attractiveness.
Being close to major business hubs like Ortigas Center and Bonifacio Global City is another big draw. These areas host numerous local and multinational companies, making Ortigas East a convenient spot for professionals. The development of mixed-use spaces, including residential and recreational facilities, is also adding to its charm.
Property values in Metro Manila are on the rise, and Ortigas East is likely following suit. The area is home to reputable schools, hospitals, and shopping centers, making it appealing to both residents and investors.
With these ongoing developments, Ortigas East is not just a place to live but a smart investment. The strategic location and infrastructure improvements are setting the stage for significant property appreciation in the coming years.
For those considering a move or investment, Ortigas East offers a blend of convenience and growth potential that's hard to ignore. It's a place where you can enjoy modern living while watching your investment grow.
Sources: Pasig LGU ramps up big infrastructure projects for 2024, Newest Government Projects in Rizal that can Ease Your Living, Ortigas Land Continues its Dominance of the Pasig Cityscape with Maple at Verdant Towers, The Philippines: A Roadmap To Success, Ortigas Land Celebrates 91 Years, Commits to Developing Future-Proof Spaces in Metro Manila
8) Imus City in Cavite is gaining attention for its affordable homes and better connectivity to Metro Manila, boosting property values
Imus City in Cavite is quickly becoming a hot spot for real estate.
One big reason for this surge is the city's growing population. Over the years, more people have been moving to Imus, drawn by its charm and opportunities. This influx means more folks are on the hunt for homes, making it a bustling market for potential buyers.
Affordability is another key factor. Imus offers a variety of housing options, from cozy condos to spacious house-and-lot packages, all at prices that won't break the bank. This affordability, combined with a lower cost of living compared to Metro Manila, makes Imus a magnet for budget-conscious homebuyers looking for quality without the hefty price tag.
Connectivity has also played a crucial role in Imus's rise. The completion of the Cavite-Laguna Expressway (CALAX) in 2024 has made commuting to Metro Manila a breeze. This improved access means residents can enjoy the best of both worlds: a peaceful suburban life with city conveniences just a short drive away.
With these factors in play, property values in Imus are on the rise. As more people discover the benefits of living here, demand continues to grow, leading to increased property appreciation. It's a promising time for those considering investing in this vibrant city.
Sources: World Population Review, Property Report PH, Property Report PH
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.
9) Capitol Commons in Pasig City is booming with rapid development and high demand for luxury residential and commercial spaces
Capitol Commons in Pasig City is booming with rapid development and a surge in demand for luxury spaces.
Investors are flocking to this area because of its rising property values, making it a prime spot for those looking to capitalize on real estate. The location is strategic, nestled close to major business districts and transportation hubs, which adds to its allure. Plus, the high-end amenities available here are a big draw for potential buyers.
There's been a noticeable increase in high-end residential projects, catering to those seeking premium living spaces. The area's proximity to key business areas makes it even more appealing. Significant investments in commercial infrastructure, like upscale retail and dining options, have made Capitol Commons a hotspot for both living and leisure.
Foot traffic is on the rise, and consumer activity is bustling, showing a strong demand for commercial spaces. The high occupancy rates in both residential and commercial properties are a testament to the area's popularity. Residents and business owners rave about the modern architecture and top-notch amenities that Capitol Commons offers.
With its strategic location and luxurious offerings, Capitol Commons is not just a place to live but a lifestyle choice. The area is buzzing with activity, and the demand for space here is a clear indicator of its desirability. Positive reviews from locals further cement its status as a sought-after destination.
Sources: Capitol Commons in Ortigas Center, The Commercial Real Estate Outlook for 2025, The Dynamic Real Estate Landscape of Pasig City
10) San Juan City is gaining interest for its upscale homes and closeness to business districts, driving strong rental demand
San Juan City is drawing in investors with its mix of luxury homes and prime location near key business hubs.
In 2023, the property scene in San Juan saw a boom, with home prices hitting around $960,000. This jump in value shows just how much interest the area is generating among investors. The rise is largely due to the influx of high-end properties, especially in spots like Dorado Beach, which are pulling in affluent buyers looking for either a second home or a solid investment.
San Juan's appeal isn't just about the homes; it's also about location. Being close to major business districts like Ortigas and Makati, San Juan offers easy access to work and business opportunities. This makes it a hot spot for both living and investing, as people want the convenience of being near where the action is.
The rental market in San Juan is buzzing too. Short-term rentals are booked for 259 nights a year, with a solid occupancy rate of 71%. This high demand for rentals is a big draw for investors looking for good returns. Plus, the rental yields are competitive, with a studio unit bringing in a yield of 5.56%, making it a smart choice for those eyeing profitable investments.
All these factors together make San Juan a top pick for investors. The combination of luxury living, strategic location, and a thriving rental market creates a compelling case for anyone looking to invest in property. It's not just about owning a piece of real estate; it's about tapping into a vibrant and growing market.
Sources: Christie's Real Estate, Airbtics, ZipMatch
11) Poblacion in Makati City is thriving with its vibrant nightlife and cultural scene, boosting property values and rental yields
Poblacion in Makati City is buzzing with vibrant nightlife and cultural attractions, making it a hot spot for property investment.
Property prices in Poblacion are on the rise, with rents ranging from PHP 12,000 to PHP 700,000, significantly higher than many other areas in Manila. This surge is largely due to the area's growing popularity among young professionals and expatriates who are drawn to its lively atmosphere.
Investors are particularly interested in Poblacion because of its impressive rental yields. The area is recognized as one of the high-yield spots in the Philippines, offering promising returns on property investments. This makes it an attractive option for those looking to capitalize on the booming real estate market.
The nightlife in Poblacion is a major attraction, with new bars and restaurants constantly emerging. The area is known for its exciting events, such as the Halloween street party, which draws large crowds and adds to the area's appeal. This vibrant scene is a magnet for those seeking a dynamic urban lifestyle.
Young professionals and expatriates are flocking to Poblacion, further driving up property demand and values. The area's cultural scene, combined with its nightlife, creates a unique environment that is hard to resist for those looking to live in a lively and engaging community.
With its growing reputation as a cultural and nightlife hub, Poblacion is set to continue attracting attention from both local and international investors. The area's dynamic atmosphere and promising returns make it a prime location for property investment.
Sources: Global Property Guide, Business Inquirer, GetYourGuide
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12) Eastwood City in Quezon City is thriving with its live-work-play environment, offering high rental yields and steady property value growth
Eastwood City in Quezon City is a hotspot for those seeking a live-work-play lifestyle.
With its high-rise residential towers and bustling BPO companies, Eastwood City is always buzzing. The area boasts high occupancy rates, showing just how many people want to be part of this vibrant community. It's a place where everything you need is just a stone's throw away.
Investors are particularly drawn to Eastwood City because of its attractive rental yields. In Quezon City, rental yields for studio and 1-bedroom apartments are 5.34%, which is higher than the Metro Manila average of 5.04%. This makes it a smart choice for those looking to get good returns on their property investments.
Property values here have been on a steady rise, thanks to its prime location and the growing demand for mixed-use developments. Eastwood City is not just a residential area; it's a place where residential, commercial, and recreational spaces come together seamlessly. Its status as the country’s first IT park and a special economic zone attracts businesses and multinational companies, adding to its allure.
Life in Eastwood City is never dull, with three lifestyle malls, a variety of restaurants, cinemas, and outdoor event spaces. The area is packed with amenities, including wellness centers and educational institutions, making it a lively place to call home. Recent infrastructure developments, like the construction of high-rise residential towers such as One Eastwood Avenue, offer residents comprehensive amenities and a modern living experience.
Eastwood City is a place where you can truly have it all, from work to leisure, all within a vibrant and growing community.
Sources: Eastwood City - Wikipedia, Gross Rental Yields in Philippines, One Eastwood Avenue
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.