Planning to rent a condo in Ayala Center, Legaspi Village, or Eastwood City? Here’s how much you should expect to pay.
It is true that living in an area where practically everything is within walking distance can be extremely convenient. For example, if one lives in a condo in Ayala Center, Newport City, or Bonifacio Global City, they will be within striking distance of shopping malls, top restaurants, offices, and even casinos.
However, living in any of these districts—often called townships or mixed-use developments—also comes with a high price tag. But how expensive? Lamudi crunched data from its 80,000-plus listings and averaged the monthly rents of condos (per sqm) in Metro Manila’s most popular districts. Here’s what we have found.
1. Ayala Center, Makati
Average rent (per sqm per month): Php1,144
Average size of condos: 117 sqm
The commercial core of the Makati CBD, condos in Ayala Center commands the most expensive rents than any area in the city (and indeed anywhere in Metro Manila). However, living here can mean one is within striking distance of Greenbelt and Glorietta malls, most of Makati’s luxury hotels, and the Philippine Stock Exchange. At Php1,144 per sqm per month, a 250-sqm condo here can command rental rates of more than Php280,000.
2. Century City, Makati
Average rent (per sqm per month): Php986
Average size of condos: 45 sqm
Following Ayala Center is newly built Century City in the Poblacion area of Makati. Sitting on the former site of the International School Manila, living here can mean one will be close to the Century Mall and many fine-dining restaurants along Jupiter Street.
3. Rockwell Center, Makati
Average rent (per sqm per month): Php973
Average size of condos: 102 sqm
Almost as expensive as Century City is Rockwell Center, a township built on a former thermal power plant. Rockwell condos command monthly rents of approximately Php973 per sqm, and being a self-contained, exclusive township it is very popular among expats with families. It is also home to the exclusive Rockwell Club.
4. Bonifacio Global City, Taguig
Average rent (per sqm per month): Php897
Average size of condos: 97 sqm
Photo via Shutterstock
Metro Manila’s third most important central business district, Bonfacio Global City (BGC), is fourth where the average monthly rent of condos stands at Php897 per sqm. Touted to overtake Ortigas Center as the Philippines’ second financial district, BGC is often favored by renters because of its wide roads, high-end malls, and lots of green areas.
5. Legaspi Village, Makati
Average rent (per sqm per month): Php879
Average size of condos: 73 sqm
Situated on the southern half of the Makati CBD (and under the jurisdiction of Brgy. San Lorenzo), Legaspi Village is directly adjacent to Ayala Center and is one of Makati’s older areas. Nevertheless, the village is undergoing a renaissance lately: newer condos are being built while interesting holes-in-walls, fine-dining eateries, and speakeasy bars are attracting loyal patrons.
6. Alabang, Muntinlupa
Average rent (per sqm per month): Php874
Average size of condos: 42 sqm
Photo by Jojo Nicdao via Flickr
Down south is Muntinlupa’s Alabang area, home to two business districts (Madrigal Business Park and Filinvest City). The area is a popular hangout area among those from nearby Las Piñas, Laguna, and Cavite.
7. Bay City, Pasay–Parañaque
Average rent (per sqm per month): Php850
Average size of condos: 34 sqm
In a few years’ time, the Bay City—a reclaimed area shared by Pasay and Paranaque—will be home to four billion-dollar resort-casinos, luxury hotels, office towers, large malls, and plenty of residential condos. Monthly condo rents here average Php850, but can be expected to increase over the next few years when many of its luxury properties are completed.
8. Newport City, Pasay
Average rent (per sqm per month): Php785
Average size of condos: 50 sqm
Photo courtesy of Megaworld Corp.
Megaworld’s 25-hectare township Newport City is directly connected to Resorts World Manila and close to Terminal 3 of Manila’s main airport. It hosts seven residential condos, hotels (including a Marriot-branded property), casino, and a shopping mall.
9. McKinley Hill, Taguig
Average rent (per sqm per month): Php779
Average size of condos: 51 sqm
Situated along Lawton Avenue, 50-hectare McKinley Hill, like its neighbor Bonifacio Global City, sits on a site previously owned by the Armed Forces of the Philippines. At present this Megaworld township houses BPO offices, 34 condo towers, a high-end gated community, international schools, and the embassies of the UK, South Korea, and the UAE.
10. Eastwood City, Quezon City
Average rent (per sqm per month): Php709
Average size of condos: 46 sqm
Seventeen-hectare Eastwood City is Megaworld’s first township project. Currently housing 12 residential condo towers, this development pioneered the “live-work-play” concept in the Philippines and for a time was the largest landlord for BPO companies.
11. Ortigas Center, Mandaluyong–Pasig
Average rent (per sqm per month): Php697
Average size of condos: 67 sqm
Metro Manila’s second most important business district, Ortigas Center is shared by the cities of Mandaluyong and Pasig and is home to the second trading floor of the Philippine Stock Exchange. It also houses the headquarters of the Asian Development Bank and the University of Asia and the Pacific.
12. Salcedo Village, Makati
Average rent (per sqm per month): Php652
Average size of condos: 126 sqm
Similar to Legaspi Village, Salcedo Village is a heavily built-up Makati area that’s home to the popular Salcedo Weekend Market, the Makati Sports Club, and many restaurants. Although older than most of Metro Manila’s business districts, a number of condos are currently being built, most notable of which include Three Central, Escala, and Shang Salcedo.
13. Ayala Triangle/Apartment Ridge, Makati
Average rent (per sqm per month): Php568
Average size of condos: 275 sqm
Photo by Rodel Ambas
This subdistrict of the Makati CBD can be considered one of the city’s most exclusive. Although condos here, on average per sqm, may seem “cheap” compared to other areas, it boasts very large condo apartments (units here average 275 sqm); hence, properties here overall are much expensive. Its most notable properties are One Roxas Triangle and Discovery Primea, and it also hosts the Peninsula Hotel.