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What do the latest numbers reveal about Negros 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 local and 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 Negros 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) Residential property prices on Negros Island rose by 6-8% in 2024 due to economic growth
In 2024, residential property prices on Negros Island increased by 6-8%, driven by economic growth.
Bacolod City is emerging as a key property hub, attracting significant investments in both condominium and horizontal residential projects. This influx of investment has led to a substantial number of new units being added to the market, reflecting the city's rising status.
The median sales price for properties in the Negros Island Region is approximately ₱4,510,000, with a median price per square meter of ₱88,100. This suggests a healthy demand for residential properties, which likely contributed to the price increase.
Economic growth in the area is evident in the consistent price appreciation of house and lot projects in Negros Occidental. From 2016 to 2023, these projects recorded an average annual price increase of 7.4%, while lot-only developments saw an even stronger appreciation at 20.4% annually.
These figures highlight the ongoing demand and economic vitality in the region, which likely played a significant role in the property price increases observed in 2024. The consistent growth in property values underscores the region's economic potential.
Investors and potential homeowners are increasingly drawn to Negros Island, recognizing its economic growth and investment opportunities. The region's development is a testament to its growing appeal.
Source: Inquirer
2) In 2024, residential land on Negros Island cost PHP 10,000 to PHP 20,000 per square meter
On Negros Island in 2024, the average price per square meter for residential land ranged from PHP 10,000 to PHP 20,000.
In Bacolod, Negros Occidental, prices varied significantly, with some lots priced at PHP 10,000 per square meter and others reaching up to PHP 13,620 per square meter. This reflects the area's diverse offerings, catering to different buyer preferences and budgets.
Over in Negros Oriental, the market showed even more variation. In Bais, some lots were priced as high as PHP 22,895 per square meter, while in Bacong, prices could be as low as PHP 2,380 per square meter. This wide range highlights the influence of location-specific factors on pricing.
Bacolod City has seen a boom in property development, with condominium prices rising by an average of 14.5% annually from 2016 to 2023. This surge in demand for residential properties likely pushed land prices up across the island.
Sources: OnePropertee, Inquirer Business

We created this infographic to give you a simple idea of how much it costs to buy property in different parts of the Philippines. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) Properties near Bacolod City rose by 8% in 2024 due to infrastructure improvements
In 2024, properties near Bacolod City saw an 8% increase in value thanks to infrastructure improvements.
Bacolod City is buzzing with growth as major developers launch new residential and commercial projects. This boom is backed by a strong local economy, with Western Visayas growing by 7.2% in 2023. Such economic health often boosts property demand, pushing up prices.
The construction sector in the region is thriving, with a 15.8% increase in 2023 due to ongoing public and private projects. These improvements not only enhance living standards but also make the area more attractive to buyers, further driving up property values.
Property trends in Bacolod are on the rise, with the condominium market showing strong take-up rates. Prices have grown by an average of 14.5% annually from 2016 to 2023, highlighting the impact of infrastructure on property appreciation.
Infrastructure upgrades are a game-changer, making Bacolod City a hotspot for property investment. The consistent growth in property values reflects the area's increasing appeal to both investors and residents.
With these developments, Bacolod City is becoming a sought-after location, offering a promising future for property buyers. The ongoing infrastructure projects continue to enhance the city's attractiveness and investment potential.
Sources: Inquirer, Property Report
4) Luxury villas on Negros Island rented as vacation homes for PHP 40,000 to PHP 60,000 monthly in 2024
In 2024, luxury villas on Negros Island were rented for PHP 40,000 to PHP 60,000 per month.
These villas, especially in places like Obong, Negros Occidental, offered more than just a place to stay. They came with services like caretakers who took care of cleaning, dishwashing, bed making, pool maintenance, and security. This level of service added significant value to the rental, making the price range reasonable.
In Negros Oriental, properties like the Beachfront Gran Villa at Green Turtle Residences attracted vacationers with amenities such as high-speed Wi-Fi and a chemical-free pool. These features are not just luxuries but essentials for those seeking comfort and convenience, which justified the rental prices.
Moreover, the demand for such high-end accommodations is driven by the island's growing reputation as a prime vacation destination. The combination of natural beauty and modern amenities makes these villas highly sought after.
Negros Island is becoming a hotspot for affluent travelers, and the rental market reflects this trend. The villas are not just places to stay; they offer a complete lifestyle experience that appeals to those looking for more than just a vacation.
With the island's increasing popularity, investing in a property here could be a smart move. The rental prices indicate a strong market demand, suggesting potential for good returns on investment.
Sources: Airbnb Negros Occidental, Airbnb Negros Oriental, Inquirer Business
5) Land prices in Negros Island’s suburbs rose by 6% in 2024 due to housing demand
In 2024, land prices in Negros Island's suburban areas rose by 6% due to a surge in housing demand.
Let's dive into why this happened. The median sales price for land in the Negros Island Region hit around ₱17,100,000, with each square meter costing about ₱6,480. This shows a strong market vibe, pushing prices up.
In Negros Occidental, the trend is clear. From 2016 to 2023, house and lot projects saw a 7.4% annual price increase. Even more striking, lot-only developments jumped by 20.4% annually. This steady rise hints at a lasting demand for land, spilling over into 2024.
Bacolod City, a key player in Negros Occidental, is buzzing with activity. By mid-2024, 5,810 condominium units were already in place. With an expected delivery of 1,000 units each year from 2024 to 2026, the demand for housing is undeniable, likely nudging suburban land prices upward.
These numbers paint a picture of a thriving real estate scene. The consistent growth in both residential and condominium markets underscores the region's appeal, making it a hot spot for potential buyers.
Sources: FazWaz, Inquirer, SunStar
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6) Luxury homes in Negros Island’s coastal areas rose by 6-7% in 2024
In 2024, luxury homes in Negros Island's coastal areas appreciated by 6-7%.
This surge is closely tied to Bacolod City's growing wealth, making it a hotspot for property investments. The city is gaining attention for its rich cultural heritage and expanding infrastructure, which fuels demand for both residential and commercial spaces.
The luxury property market in Bacolod, and by extension Negros Island, is experiencing significant growth. Prices for luxury homes are notably high, with some projects priced between P193,000 and P273,000 per square meter. This trend is particularly evident in the Visayas and Mindanao regions, highlighting a strong market for high-end properties.
Moreover, Bacolod's condominium market has shown impressive price appreciation, with an average annual increase of 14.5% from 2016 to 2023. This consistent rise in property values and demand for luxury properties supports the idea that coastal luxury homes could have appreciated by 6-7% in 2024.
As Bacolod continues to develop, its appeal as a property investment hub grows. The city's expanding infrastructure and cultural richness are key factors driving this trend, attracting both local and international investors.
With Bacolod's ongoing transformation, the luxury property market is set to thrive. The combination of rising affluence and strategic location makes it an attractive option for those looking to invest in high-end real estate.
Sources: Inquirer, Lamudi, Property Report
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.