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House and Lot for Sale in Manila - Buy a Manila Home | Lamudi

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The average price (2016) of a house and lot for sale in Metro Manila is ~PHP 20,774,702.50 or PHP 65,199.70 per square meter. Makati is ranked as the most expensive at ~PHP 208,212,519.68 or PHP 230,666.39 per square meter, while Caloocan is the cheapest at ~PHP 2,744,120.54 or PHP 23,135.94 per square meter.

According to data from the Commission on Higher Education, there are 317 private and 28 public Higher Education Institutions (HEIs) in Metro Manila. These HEIs are colleges, universities, and other institutions that offer post-secondary educational programs.

Three of the world’s top 10 largest shopping malls are in Metro Manila: SM City North EDSA (3rd), SM Megamall (4th), and Mall of Asia (10th).

There are 48 public or government-owned hospitals and 134 private hospitals in Metro Manila, according to data from the Philippine Hospital Association.

 

Making the Philippine Capital Your Home

Beautiful Mediterranean-Style House

Since the pre-Spanish period, Metro Manila has been considered as an important center for trade and commerce. The area that is now the city of Manila where Pasig River and Manila Bay meet was once part of successive kingdoms that dominated the area before it fell to the hands of the Spanish colonizers, who made the city the capital of its empire in Asia.

Since then, the city grew from beyond the walls of Intramuros. In the 20th century, economic progress and migration occurred in the neighboring towns that were once part of Rizal, Bulacan, and Laguna, which all eventually became part of the greater Manila area.

In 1975, the Metro Manila Commission was created, which practically defined the extent of the metropolis, and ushered in the creation of the National Capital Region, which became synonymous with Metro Manila. The metropolis now has 16 cities and one municipality, and is the Philippines center for business, education, banking, culture, and government. The capital is also one of the world’s largest and richest urban agglomerations, with an estimated gross regional product of US$159 billion in 2011, according to PricewaterhouseCoopers. This accounts for 33% of the Philippines’ total GDP.

 

House and Lot for Sale: Metro Manila’s Most Sought After

Today, Metro Manila is a highly developed metropolis of more than 12 million people. In its cities are established master-planned central business districts, including Makati CBD, Ortigas Center, Bonifacio Global City, Filinvest City, and Eastwood City, while many other exciting mixed-use projects are currently under development, including Arca South, Vertis North, Circuit Makati, and the Bay Area of Parañaque.

It is not surprising then that the capital offers a great number of properties for home-buyers with different budgets, whether it is single-family house, a townhouse, or a residential lot to build the home of your dreams.

A house for rent in Metro Manila may seem like the cheaper option, but there are many affordable houses within the subdivisions or gated communities in Quezon City, Las Piñas, Parañaque, Muntinlupa, and Caloocan. Furthermore, these cities offer houses with much larger space, and are very accessible from the business districts through major thoroughfares and commuter trains. Examples of affordable subdivisions to buy a home in these cities include the following:

  • BF Homes, Parañaque
  • BF Homes, Las Piñas
  • Philam Village, Quezon City
  • Sikatuna Village, Quezon City
  • Merville Park, Parañaque

Luxurious homes can be found in the more high-end subdivisions of Pasig, San Juan, Mandaluyong, Quezon City, and Makati. These gated estates include the following:

  • Forbes Park, Makati
  • Dasmariñas Village, Makati
  • Bel-Air Village, Makati
  • Valle Verde, Pasig
  • Greenhills, San Juan
  • Wack-Wack Village, Mandaluyong
  • Corinthian Village, Quezon City

Affordable Modern TownhomesHouses for sale in Metro Manila vary in size, structure, and style. Most in the metropolis’ high-end subdivisions are sprawling bungalows, while those in emerging residential areas are multi-storey and modern in design to maximize space.

House-hunters looking to make the capital their home are offered a huge number of properties to choose from a wide range of prices. After all, it is the Philippines’ most important city. Its thriving residential real estate market makes finding a home to fit one’s lifestyle and budget not a problem. Besides that there are also more options offered in the market like the rent to own option for example.

 

 

 

2016 Average Price Data for a House and Lot for Sale in Metro Manila

  2 Bedrooms
(PHP)
3 Bedrooms
(PHP)
4+ Bedrooms
(PHP)
Makati 15,875,000.00 51,665,000.00 243,209,000.00
Mandaluyong 6,100,000.00 9,290,000.00 31,368,000.00
Manila 6,200,000.00 6,600,000.00 14,144,000.00
Marikina 3,150,000.00 4,535,000.00 8,781,000.00
Muntinlupa 5,950,000.00 32,332,410.00 64,550,000.00
Paranaque 3,155,000.00 8,250,000.00 15,878,000.00
Pasay - 5,120,000.00 32,350,000.00
Pasig 4,460,000.00 10,783,000.00 26,024,000.00
Quezon City 6,425,000.00 6,940,000.00 21,413,000.00
San Juan 6,950,000.00 17,317,600.00 29,676,000.00
Taguig 12,250,000.00 23,520,000.00 41,375,000.00
NOTE: Data is based on listings uploaded by real estate professionals in 2016.

 

 

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