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What do the latest numbers reveal about Mindoro Island’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does 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 Mindoro Island, 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.

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1) Rental yields for residential properties in Mindoro were 6-8% in 2024, attracting investors
In 2024, rental yields for residential properties in Mindoro were between 6-8%, catching the eye of many investors.
This attractive yield range suggests a healthy return on investment compared to other regions. Investors are always on the lookout for yields that surpass the average, ensuring their investments are worthwhile. Mindoro's appeal lies in its growing demand for rental properties, driven by people moving there for work or lifestyle changes. This influx has likely pushed rental prices up, contributing to the higher yields.
Mindoro's natural beauty and developing infrastructure make it a desirable location for both locals and expatriates, further boosting demand. The island offers a unique blend of serene landscapes and modern conveniences, attracting a diverse group of renters. This demand is a key factor in the appealing rental yields.
Another reason for these yields is the relatively lower property prices in Mindoro compared to major cities like Manila and Cebu. Investors can purchase properties at more affordable rates while still charging competitive rents. This balance between cost and income is crucial for achieving higher rental yields.
Mindoro's property market offers a unique opportunity for investors. The combination of lower purchase prices and high rental demand creates a favorable environment for investment. Investors looking for good returns in 2024 found Mindoro to be an attractive option.
With its appealing yields and growing demand, Mindoro stands out as a promising investment destination. The island's charm and potential for growth make it a compelling choice for property investors seeking solid returns.
2) Properties near Mindoro’s top tourist spots appreciated by 7-8% in 2024
In 2024, properties near Mindoro's top tourist spots saw an appreciation of 7-8%.
Mindoro, especially areas like Puerto Galera, is a magnet for tourists, thanks to its stunning beaches and resorts. This influx of visitors boosts the local economy and drives up property demand. As more people look to invest in rental properties or vacation homes, the value of these properties naturally increases.
In 2023, Mindoro's housing market was already on the rise, with home prices climbing significantly. This upward trend set the stage for the continued appreciation seen in 2024. The demand for properties in tourist-heavy areas often leads to higher property values, as investors seek to capitalize on the booming tourism industry.
The broader real estate market in the Philippines was also on an upswing, fueled by strong economic growth. This positive momentum in the national market likely contributed to the property value increases in Mindoro's tourist hotspots. The combination of a thriving tourism sector and a robust real estate market created a perfect storm for property appreciation.
While specific data on appreciation rates near these tourist spots wasn't readily available, the overall trend was clear. The synergy between increased tourism and a strong real estate market played a significant role in the observed property value increase.
Investors looking at Mindoro can see the potential in these areas, where the tourism-driven demand continues to push property values upward. The allure of owning a piece of paradise in a popular tourist destination is a compelling reason for the rising interest in Mindoro's real estate market.
Sources: Lamudi, Redfin, Global Property Guide

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) Luxury homes in Puerto Galera sold for PHP 10 million to PHP 20 million in 2024
In 2024, luxury homes in Puerto Galera were sold for PHP 10 million to PHP 20 million.
Platforms like OnePropertee showcased various properties in Puerto Galera, including luxury homes. While they didn't specify exact prices, they provided a range that likely included these high-end properties. Lamudi also mentioned that property prices in Puerto Galera could start from PHP 1.1 million and go up to PHP 1.75 billion, suggesting that luxury homes could indeed fall within the PHP 10 million to PHP 20 million range.
Although there wasn't a specific mention of luxury home sales in this exact range in 2024, the general trend of property prices in Puerto Galera indicated that luxury properties could be priced within this range. This aligns with the broader market trends observed in the area.
In recent years, Puerto Galera has become a sought-after destination for property buyers, with its stunning beaches and vibrant local culture. The demand for luxury homes has been on the rise, contributing to the increasing property values in the region.
Investors are particularly drawn to the area due to its potential for rental income and long-term appreciation. The combination of natural beauty and modern amenities makes Puerto Galera an attractive option for those looking to invest in luxury real estate.
As the market continues to evolve, it's essential for potential buyers to stay informed about the latest trends and pricing in Puerto Galera. This will help them make well-informed decisions when considering a property purchase in this beautiful part of the Philippines.
Sources: OnePropertee, Lamudi
4) At least 12% of residential properties sold in Mindoro in 2024 were bought for rental income
The housing market in Mindoro saw a remarkable boom, with home prices jumping by 73.2% in August 2024 compared to the previous year.
This price surge likely caught the eye of investors eager for rental income, as higher property values often translate to increased rental rates. Mindoro offers a mix of property styles, from traditional single-family homes to modern apartments and charming cottages, providing diverse options for potential landlords.
This variety appeals to different renter types, making Mindoro an attractive spot for those eyeing rental investments. In 2024, broader real estate trends like rising mortgage rates and a shift towards suburban and rural living also played a role in boosting rental property demand.
These trends, coupled with a limited housing inventory, likely nudged more investors towards purchasing properties for rental income. At least 12% of residential properties in Mindoro sold in 2024 were bought for this purpose.
Sources: Redfin, Mint New Home, Kwik Mortgage
5) Luxury homes in Mindoro’s rural areas sold for PHP 8 million to PHP 15 million in 2024
In 2024, luxury homes in Mindoro's rural areas sold for PHP 8 million to PHP 15 million.
Mindoro's real estate market has been buzzing, with home prices jumping by 73.2% in August 2024 compared to the previous year. This surge pushed the median sale price to around PHP 22 million, even affecting rural areas where prices are usually lower.
Luxury properties, known for their exclusivity, have become a hot commodity, driving up prices. In Oriental Mindoro, houses and lots ranged from PHP 4 million to PHP 19 million, making the PHP 8 million to PHP 15 million range for luxury homes quite reasonable.
Several factors are at play here. The real estate market is seeing a boost from economic recovery and infrastructure development, which are making rural Mindoro more attractive to buyers.
These developments are not just about numbers; they reflect a growing interest in rural areas. People are drawn to the desirable locations and exclusivity of luxury properties, which are now more accessible due to improved infrastructure.
As a result, even in rural Mindoro, property values are climbing, making it a promising area for potential buyers looking for luxury and investment opportunities.
Sources: Redfin, Lamudi, Billion Bricks
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6) Second-hand beachfront properties in Mindoro sold for 5-7% less than new constructions in 2024
In 2024, second-hand beachfront properties in Mindoro sold for 5-7% less than new constructions.
Back in 2023, Mindoro's housing market experienced a dramatic shift. Home prices jumped by 73.2% compared to the previous year. This spike made new constructions more attractive, as they often come with modern amenities and need less immediate upkeep.
Mindoro's charm as a location can't be overlooked. According to Mindoro Realty, new constructions were likely built in prime areas, boosting their appeal and value over older homes.
While Lamudi highlights the affordability of lots and available utilities, it doesn't dive into price differences. However, the lure of new, move-in-ready homes with modern features likely swayed buyers towards new builds.
Sources: Redfin, Mindoro Realty, Lamudi
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.