Property Prices in the Philippines

After the devastating typhoon Ondoy a few years ago, property prices of non-flood prone zones have just about doubled. According to globalpropertyguide.com, these prices are still forecasted to rise in the next two years.  In Makati, the average price of luxury 3-bedroom condos rose 7% q-o-q to PHP 103,000 per (USD 2, 389) sq. m. in Q1 2011.  Over the next 12 months, the average capital value is likely to increase by about 5% to P112, 700 (USD 2, 614) per sq m.  Year on year however,  average house price actually dropped 0.21% over the same period if adjusted for inflation.

In Ortigas, the average land value rose by 1.05% q-o-q to PHP124, 000 (USD 2,852) per sq. m. in Q1 2011, and is expected to increase 3%-5% by end-2011.  In Bonifacio Global City Taguig, like the Makati CBD, the average land capital value now stands at PHP103, 000 (USD 2,389) per sq. m., and is expected to increase between 3% and 4% after a year.

Real estate prices are expected to rise by 3% to 5% in 2011, according to Colliers International. Makati CBD is expected to lead the way with a 5.4% y-o-y increase, while prices in other key areas of Metro Manila are expected to rise by 3%.

The total housing stock in the country is also expected to rise further this year. In key areas in Metro Manila alone, an estimated 8,900 units, or over 17 condominiums, are being built. Recent projects include One Rockwell West (504 units), The Columns Legaspi Tower 1 (390 units), Grand Emerald Tower (1,064 units), and The Fort Residences (217 units).

The total number of residential condominium units in Greater Manila’s CBD is expected to reach about 61,000 units within the next two years, twice the 2010 figure (a ‘condominium’ in Philippine parlance denotes something more upmarket than an ‘apartment’).  Rockwell Center still has the highest rentals. A condominium unit typically costs PHP736 (USD 16.9) per sq. m. per month in Q4 2010, up 3% from the previous quarter.

In Makati CBD, rents for luxury 3-bedroom condominiums are expected to increase 4% over the year. During Q1 2011, a 290-sq. m. unit rents for about PHP560 (USD 12.9) per sq. m. per month.Here are some property prices according to Bechay’s website:

COMMERCIAL LOTS

Makati

Ayala Avenue – 2400m2 @ 840M

Pasong Tamo – 1515m2 @ 70T/m2

Makati Avenue –  350m2 @ 125Tm2

EDSA –  773m2 @ 80T/m2

Pasay Road – 730m2 @ 35M

Eduque St. – 190m2 @ 24M

Eduque St–  380m2 @ 52M

P.Burgos –  868m2 @ 70M

Jupiter St –  978m2 @ 125T/m2

Sen Gil Puyat – 5700m2 @ 750M

Legaspi Village –  960m2 @ 225M

Vito Cruz – 2752m2 @ 175M

JP Rizal –  5000m2@65T/m2

Yakal St. – 1434m2 @ 100T/m2

Malugay –  3511m2 @ 160T/m2

Ayala Ave. –  2400m2 @ 350T/m2

Buendia – 5202m2 @ 150T/m2

Vito Cruz – 1725m2 @ 45T/m2

Taguig

Ft. Boni – 1081m2 @ 200T/m2

Ft. Boni – 944m2 @ 156T/m2 + VAT

Manila

Taft Ave – 615m2 @ 38M

Agoncillo St – 1300m2 @ 35T/m2

Pedro Gil – 3000m2 @ 30T/m2

Pandacan – 2.4H @ 45T/m2

M H del Pilar – 1095m2 @ 45M

Quiapo – 1700m2 @ 40T/m2

San Marcelino – 863m2 @ 30T/m2

Roxas Blvd – 1000m2 @ 80T/m2

Pasig

Eusebio Ave – 5H @ 12T/m2

C Raymundo – 1.6H @ 13T/m2

Ortigas Center – 3000m2 @ 150T/m2

Mandaluyong

Shaw Blvd – 3000m2 @ 60T/m2

EDSA – 990m2 @ 100T/m2

EDSA – 2766m2 @ 85T/m2

EDSA – 2000m2 @ 80T/m2

Boni Ave – 509m2 @ 30M

San Juan

Annapolis St – 1080m2 @ 150T/m2

Eisenhower St – 1000m2 @ 90T/m2

N Domingo – 1200m2 @ 35T/m2

Caloocan

EDSA – 2700m2 @ 65T/m2

Pasay

Libertad St – 1000m2 @ 58M

Roxas Blvd – 1000m2 @ 300M

Quezon City

P. Tuason – 3780m2 @ 70T/m

P. Tuason – 8150m2 @  65T/m2

EDSA – 600m2 @ 70T/m2

EDSA – 2.3H @ 850M

EDSA – 5250m2 @ 75T/m2

E Rodriguez Jr – 3000m2 @ 85T/m2

E Rodriguez Jr – 540m2 @ 85T/m2

Libis – 6100m2 @ 25T/m2

T Morato – 1400m2 @ 80T/m2

KatipunanAve – 1125m2 @65T/m2

Araneta Ave – 1000m2 @ 48M

New Manila – 5000m2 @ 40T/m2

Quirino Ave – 5846m2 @ 18T/m2

Cubao – 5646m2 @ 55T/m2

Muntinlupa

Alabang Zapote Rd – 900m2 @ 45T/m2

Madrigal Business Park–1148m2 @ 86M

Filinvest Corp  City –1609m2 @ 70T/m2

Las Pinas

Alabang Zapote Rd –2200m2 @ 22T/m2

Paranaque

Sucat Road – 2571m2 @ 65T/m2

West Service Rd – 9800m2 @ 155M

East Service Rd – 8776m2 @ 132M

Cavite

Aguinaldo H’way –  4000m2 @ 5T/m2

Gov. Drive – 1.7H @ 3500/m2

Daang Hari – 9H @ 8T/m2

Laguna

SLEX – 3.4 hectares @ 70M

SLEX – 6 hectares @ 390M

Bulacan

MacArthur H’way – 5000m2@ 18T/m2

BUILDINGS w/ INCOME

Makati

Jupiter St – 135M

J. P. Rizal – 20M

Legaspi Village – 350M

Salcedo Village – 250M

Ayala Avenue – 1.5B

Taguig

Bonifacio Global City – 750M

Bayani Road – 125M

Pasig

Ortigas Center – 250M

Mandaluyong

Boni Ave – 30M

EDSA – 450M

Quezon City

Timog Ave – 115M

T Morato – 450M

EDSA, Cubao – 39M

Muntinlupa

Madrigal Business Park – 700M

FACTORY / WAREHOUSE

Quezon City – La=5000 @ 165M

Muntinlupa – La=9800 @ 155

COMMISSARY / WAREHOUSE

Mandaluyong – 29M

Pasig City – 30M

Mandaluyong – 30M

BEACHFRONT

El Nido, Palawan – 12H @ 350/m2

San Vicente, Palawan – 5H @ 500/m2

Lian, Batangas – 12H @ 2000/m2

Nasugbu, Batangas – 27H@ 900/m2

Calatagan, Batangas – 100H@ 1100/m2

RAWLAND

Antipolo, Rizal – 10H @ 700/m2

Canlubang, Laguna – 76H @ 1200/m2

San Fernando, Pampanga– 6H@5T/m2

Sta.Rosa, Laguna – 5H @ 6T/m2

Leisure Properties W/ INCOME

Tagaytay Highland Villa – 19M

Tagaytay Highland, Log Cabin – 28M

Tagaytay Highland, Woodridge – 23M

Boracay Villa19M

 

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