Are you more price-conscious than location-specific buyer on the lookout for condo units in Metro Manila? We might have something for you.
According to the online property platform Lamudi, condominium properties in Las Piñas are most affordable on average so price-conscious investors or homeowners now have idea where to go house hunting in the city where average price per square meter is P49,849.
On the other hand, Makati has the most expensive condo units which average P139,012 per square meter. So based on a typical the average selling price of a 120-square meter property is about P16.68 million. But while Makati is often perceived as an expensive location for real estate properties, the city has wide variation of properties that range from the upscale residences at Ayala Center that cost P388,888 per square meter to the affordable P27,137 per square meter medium-rise condo units at San Antonio Village.
Taguig has the most expensive condominiums whose average asking price reaches P126,129 per square meter and units within the Bonifacio Global City (BGC) area can reach up to P333,333 per square meter. However, cheaper condo units in Taguig are also available within the outskirts of BGC at around P23,333 per square meter.
Average condominium units at other Metro Manila areas are as follows:
- Pasay – P104,685 per sq meter (psm)
- Quezon City – P101,277 psm
- Manila – P95,134
- Mandaluyong – P88,174
- San Juan – P87,294
- Pasig – P80,329
Due to lack of condo listings within these cities, no data was generated for Marikina, Valenzuela, Pateros, Malabon, Caloocan, and Navotas.
Jacqueline van den Ende, managing director of Lamudi Philippines, said the report was designed to inform Filipinos on property prices and to give a clear picture of how the real estate market was behaving.
“The Philippine real estate market is rapidly growing and what the market needs is hard data to inform Filipinos’ buying decisions,” Van den Ende said.