Property prices in Manila

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Member since 30 May 2013

PriscillaViP24 November 2016 07:07:08

42358

Hello everyone,

Finding affordable housing in Manila is number one priority for newcomers. Tell us more about the estate market in your district/city/region.

What are the most desired places to live? What are the most affordable ones? What is the average cost of a rented flat? And what is the average sale price for an appartment or a house? Could you tell us more about local real estate policies/procedures? What about property tax or residency tax in Manila?

What about you? Where do you live now? Is it a place you would recommend?

Thank you in advance for your clarifications.

Priscilla

J S Q jordan Member

Member since 29 August 2016

J S Q jordanMember29 November 2016 23:54:11

Hello everyone...

Once I arrived I stayed in temporary fully furnished apartment at Eastwood paying 45k a month, till I found the house I was looking for in pasig. Well yes it's nice house with walk in cabinet and backyard... but surprisingly was surprised to know that the landlord even you have a year contract with still have the right to sell the house anytime, and its the new owner call to continue the contract, cancel it, increase the rent or what so ever. Means now am in a house that at any moment of time might be sold and me kicked out!

So if that happen then I guess living in a condo will be more secure for me and my family.

uy.reginald Member

Member since 08 January 2017

uy.reginaldMember08 January 2017 11:03:06

Yo,
Depends really on the "area" where you are planning to buy and also your expectations.
I'd say $100,000 would be a safe ballpark price if you are planning to buy a good condo in the city.
Cheers

jc501 Member

Member since 28 August 2014

jc501Member16 February 2017 14:32:49

paranaque city good place for you 5 to 10 minutes going airport if no trafffic,,if you want more fresh air, 30min ride in airport.i reccomend,Laguna,or cavite..

Krizzy99 New member

Member since 08 August 2011

Krizzy99New member05 December 2017 04:11:25

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Moderated by Bhavna 6 years ago
Reason : Please drop an advert in the housing section.
We invite you to read the forum code of conduct

treyzhang Member

Member since 22 October 2016

treyzhangMember16 October 2019 00:57:15

If you would spend a few years in Philippines, I'd suggest to invest a property there. The market has been booming since 2012, even until now I'm still very optimistic about the property market here. I had 2 units bought couple of years ago by pre-selling at [link moderated], the price has gone up almost 100%, and yet the rental yield is 7%/year easily.

Some developers like SMDC offer rent-to-own units, which the unit has already turnover, you just need to pay 10% (some even 5%) to move in, pay the interest free installament of 15% in 2 years, then only pay balance by cash or bank loan. It's good deal rather than renting condo.

BellaMae Member

Member since 27 September 2019

BellaMaeMember16 October 2019 06:15:43

What is the biggest unit they have at SMDC?

treyzhang Member

Member since 22 October 2016

treyzhangMember16 October 2019 06:47:03

The rent to own units are also called early occupany plan (EOP). I know SMDC projects near MOA have biggest unit of 57sqm. You may check with them, I can also recommend a good agent for you - I bought 2 from her.

InvestAsia New member

Member since 02 November 2024

InvestAsiaNew member02 November 2024 13:56:45

Dont buy from developers, resale is much more cheaper. If you buy from developers, get ready to break even in 10 years time.

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