Last Updated on
Average price of condominiums in Metro Manila’s key cities revealed
Based on an analysis of its 90,000-plus property listings, Lamudi has created a heat map revealing the broad range of in condo property prices across Metro Manila. The information mined from the global property portal’s extensive data gives property buyers an in-depth look into the Philippine capital’s condo real estate market, and informs homebuyers and property investors on what to expect if they plan to buy a ready-for-occupancy condo property in the coming months.
If you are a house-hunter looking to buy a reasonably-priced condominium unit, you should consider Las Piñas, which has emerged as the city with the lowest average condo prices in Metro Manila. At Php49,849 per square meter, a condo in Las Piñas is likely to be cheaper than anywhere else in the metro area, price data from property portal Lamudi Philippines shows. At the opposite end of the scale is Makati, with condos costing an average of Php139,012 per sqm.
Makati’s average asking price of Php139,012 per sqm means an average 120-sqm condo in the city may have a selling price of about Php16.68 million. However, although Makati’s property market is quite pricey, the city has a wide range of condo properties available, from a very expensive Php388,888-per-sqm branded residence in Ayala Center, to an affordable Php27,137-per-sqm medium-rise condo in San Antonio Village.
Taguig comes in second, boasting an average asking price of Php126,129 per sqm. Condos in the city’s Bonifacio Global City (BGC) area command the highest prices, with the most expensive boasting an asking price of Php333,333 per sqm. The cheapest condo on the market in Taguig costs Php23,333 per sqm, which is located in the outskirts of BGC.
The Lamudi data also revealed that average condo prices in Manila, Mandaluyong, San Juan, and Pasig are at Php95,134, Php88,174, Php87,294, and Php80,329 per sqm, respectively, whereas those in Parañaque and Muntinlupa cost Php64,276 and Php60,804 per sqm, respectively.