The best places to buy and invest in property in Manila have shifted over the last decade due to the city’s dynamic real estate market, which has seen significant growth in recent years. The real estate market in Manila is performing well and is even one of Southeast Asia’s best performing real estate markets. This makes buying property in Manila an appealing option. Whether you’re buying for personal use or investment, Manila offers a wide range of properties to meet the needs of people from all walks of life.
What are the best places to buy property in Manila?
According to our real estate experts and the current market trends in Manila, these are the best places to buy property in Manila, whether for living or investment:
- Quezon City
- Bonifacio Global City (BGC)
- Makati City
- Cubao
- Kapitolyo
- Poblacion
- Pasig
- Fairview, Quezon City
- Caloocan
- Valenzuela City
Quezon City
Quezon City is the largest city in Metro Manila and is known for its vibrant mix of its residential, commercial, and educational establishments. The city is home to some of the country’s top universities, including the University of the Philippines Diliman and Ateneo de Manila University. It also hosts several business districts like Eastwood City and the newly developed Vertis North. With a variety of amenities such as parks, shopping malls, and hospitals, Quezon City attracts families, professionals, and students alike.
Quezon City has become popular over the years because of its well-planned urban development and infrastructure. It’s an ideal location for those looking for a balanced lifestyle with convenient access to both work and leisure. The real estate market in Quezon City is diverse, offering a range of options from affordable condominiums to luxurious houses, making it suitable for both living and investment purposes.
- Is Quezon City ideal for living or investing? Both
- For whom is Quezon City? Families, professionals, and students
- Average condo price per square meter in Quezon City: ₱ 149,922 ($2,676)
- Average house price per square meter in Quezon City: ₱ 96,922 ($1,730)
Bonifacio Global City (BGC)
Bonifacio Global City (BGC) is one of Metro Manila’s most modern and upscale neighborhoods. It is known for its business district and high-end lifestyle amenities, and it houses the headquarters of many multinational companies. This makes BGC a prime location for expats and professionals looking to buy property in Manila. The area offers luxury shopping malls, fine dining, and cultural attractions, such as the Mind Museum and BGC Arts Center.
BGC’s urban design prioritizes pedestrian-friendly streets and green spaces, contributing to a high quality of life. The real estate market in BGC is defined by high-rise condominiums and luxury apartments, reflecting the area’s premium status. BGC is a relatively new development that has gained prominence over the last two decades and continues to attract high-income residents and investors.
- Is BGC ideal for living or investing? Both
- For whom is BGC? Expats, professionals, and high-income families
- Average condo price per square meter in BGC: ₱ 263,261 ($4,699)
- Average house price per square meter in BGC: ₱ 136,870 ($2,443) (for high-end townhouses)
Makati City
Makati City is renowned as the financial hub of the Philippines, home to the Philippine Stock Exchange and numerous corporate headquarters. It is also celebrated for its vibrant nightlife, famous shopping centers such as Greenbelt and Glorietta, and various dining options. Makati is a preferred location for young professionals and expatriates because of its close proximity to workplaces and upscale residential accommodations.
Makati has a longstanding reputation as the best residential and commercial area in Manila, dating back to the mid-20th century. It offers a mix of high-rise condos and exclusive villages, catering to different lifestyles and preferences. Makati City’s strategic location and comprehensive infrastructure make it a top choice for both local and foreign investors seeking to buy property in Manila.
- Is Makati City ideal for living or investing? Both
- For whom is Makati City? Young professionals, executives, and expats
- Average condo price per square meter in Makati City: ₱ 250,889 ($4,478)
- Average house price per square meter in Makati City: ₱ 343,821 ($6,137)
Cubao
Cubao is a commercial and residential district located in Quezon City. This neighborhood in Manila is renowned for its major transportation hubs, shopping centers, and entertainment venues. It is home to Araneta City, a mixed-use development that includes the Smart Araneta Coliseum, Gateway Mall, and various office buildings. Cubao’s central location makes it a convenient place to live for people working in different parts of Metro Manila.
Cubao has remained popular since the 1960s, maintaining its appeal through continuous redevelopment and modernization. It offers a variety of residential options, from affordable apartments to mid-range condominiums, making it accessible to a broad demographic. The area is particularly attractive to families and young professionals who value convenience and accessibility.
- Is Cubao ideal for living or investing? Both
- For whom is Cubao? Families and young professionals
- Average condo price per square meter in Cubao: ₱ 182,302 ($3,254)
- Average house price per square meter in Cubao: ₱ 93,654 ($1,672)
Kapitolyo
Kapitolyo in Pasig City is an up-and-coming neighborhood in Manila known for its vibrant food scene and laid-back atmosphere. It has become a hotspot for food enthusiasts because of its wide array of restaurants, cafes, and bars. Kapitolyo is also gaining popularity among young professionals and creative individuals drawn to its trendy vibe and relatively affordable living spaces.
Over the past decade, the area has experienced considerable growth, evolving from a quiet residential district into a bustling urban community. Kapitolyo offers a variety of residential properties, such as modern condominiums and traditional houses, to accommodate diverse lifestyles and preferences. Its proximity to Ortigas Center further enhances its attractiveness as a residential and investment destination.
- Is Kapitolyo ideal for living or investing? Both
- For whom is Kapitolyo? Young professionals and food enthusiasts
- Average condo price per square meter in Kapitolyo: ₱ 184,090 ($3,286)
- Average house price per square meter in Kapitolyo: ₱ 136,169 ($2,431)
Poblacion
Poblacion is situated in Makati and is renowned for its blend of old and new. It boasts heritage homes, trendy bars, and boutique hotels. This area has transformed into a vibrant hub for culture and nightlife, drawing a younger crowd searching for lively social scenes and artistic communities. Poblacion is perfect for individuals who appreciate an active lifestyle and a strong sense of community.
Poblacion has seen a resurgence in recent years, evolving from a traditional residential neighborhood into a trendy hotspot. It provides a variety of living choices, from heritage houses to modern condominiums, catering to a diverse range of residents. Poblacion holds a unique appeal for artists, entrepreneurs, and young professionals.
- Is Poblacion ideal for living or investing? Both
- For whom is Poblacion? Artists, entrepreneurs, and young professionals
- Average condo price per square meter in Poblacion: ₱ 273,389 ($4,880)
- Average house price per square meter in Poblacion: ₱ 245,667 ($4,385)
Pasig
Pasig City is a major commercial and business hub in Metro Manila, and it is home to the Ortigas Center. The area hosts numerous multinational companies, shopping malls, and entertainment centers, making it a dynamic place to live and work. Pasig offers a mix of residential options, from high-rise condominiums to gated communities, catering to various lifestyles.
Pasig has become increasingly popular due to its strategic location and wide range of amenities. It draws a diverse population, including professionals working in Ortigas, families looking for suburban living within the city, and investors seeking high-growth opportunities. The city’s well-developed infrastructure and accessibility add to its appeal.
- Is Pasig ideal for living or investing? Both
- For whom is Pasig? Professionals, families, and investors
- Average condo price per square meter in Pasig: ₱ 143,719 ($2,565)
- Average house price per square meter in Pasig: ₱ 139,798 ($2,495)
Fairview
Fairview is located in the northern part of Quezon City and is known for its suburban atmosphere and family-friendly environment. The area features numerous schools, shopping centers such as SM Fairview, and recreational facilities. Fairview offers a more laid-back lifestyle compared to the bustling city center, making it an ideal place for families and retirees.
Fairview has been a well-established residential area for decades, maintaining its appeal with its peaceful environment and strong sense of community. The real estate market in Fairview offers affordable housing options and mid-range properties, catering to a diverse demographic. Its accessibility to major roads and public transportation adds to its overall attractiveness.
- Is Fairview ideal for living or investing? Living
- For whom is Fairview? Families and retirees
- Average condo price per square meter in Fairview: ₱ 125,295 ($2,237)
- Average house price per square meter in Fairview: ₱ 60,888 ($1,087)
Caloocan
Caloocan is one of the oldest cities in Metro Manila, known for its rich history and diverse communities. The city features a mix of residential, commercial, and industrial areas, offering a range of living and investment opportunities. Key landmarks include the Bonifacio Monument and various historical sites.
Caloocan is known for its strong sense of community and has long been regarded as a key residential area. It provides affordable housing options, making it an ideal choice for families and individuals seeking a budget-friendly location. The city’s continuous development projects and infrastructure improvements make it a promising area for future investments.
- Is Caloocan ideal for living or investing? Both
- For whom is Caloocan? Families and budget-conscious individuals
- Average condo price per square meter in Caloocan: ₱ 145,191 ($2,592)
- Average house price per square meter in Caloocan: ₱ 47,356 ($845)
Valenzuela City
Valenzuela City is situated in the northern part of Metro Manila and is recognized for its industrial zones and expanding residential areas. The city boasts a strong local economy driven by manufacturing and trade. Valenzuela provides a variety of amenities, such as schools, hospitals, and shopping centers, making it a convenient and comfortable place to live.
Valenzuela has undergone significant development over the years and has transformed into a progressive urban area. This has made it an attractive option for families and professionals seeking affordable housing within Metro Manila. The city’s strategic location and accessibility to major transportation routes make it a viable choice for both living and investing.
- Is Valenzuela City ideal for living or investing? Both
- For whom is Valenzuela City? Families and professionals
- Average condo price per square meter in Valenzuela City: ₱ 104,894 ($1,872)
- Average house price per square meter in Valenzuela City: ₱ 78,899 ($1,408)
Buy property in Manila with Own Property Abroad
Do you want to buy property in Manila? Own Property Abroad can assist you and ensure a seamless and hassle-free property journey. Thanks to our knowledge and experience in the local market, we can help with legal requirements, finding suitable properties, negotiating the best deals, and conducting due diligence.
For further information on how we can assist you with buying property in Manila, kindly drop your details below or email us at [email protected]. Let’s start working on your property success story today!
Frequently Asked Questions (FAQs)
What are the best locations to buy property in Manila?
The best locations to buy property in Manila include Quezon City, Bonifacio Global City (BGC), Makati City, Cubao, Kapitolyo, Poblacion, Pasig, Fairview in Quezon City, Caloocan, and Valenzuela City. Each area offers unique amenities and caters to different lifestyles and investment opportunities.
What factors should I consider when choosing a property in Manila?
When choosing a property in Manila, consider factors such as accessibility to schools, hospitals, and workplaces, the area’s safety, the cost of living, and the long-term investment potential of the location. It’s also essential to assess the quality of infrastructure and community amenities available.
How much does it cost to buy a condo in Manila?
The average cost of buying a condo in Manila varies by location. For instance, in Bonifacio Global City (BGC), the average price per square meter is around ₱ 263,261 ($4,699), while in Quezon City it is approximately ₱ 149,922 ($2,676). Prices differ based on the area’s development and demand.
Is it better to invest in a condo or a house in Manila?
The decision to invest in a condo or a house in Manila depends on personal preferences and investment goals. Condos are ideal for those seeking low-maintenance living and proximity to business districts. At the same time, houses offer more space and are suitable for families or those looking for long-term residential stability.
Who should consider buying property in areas like Makati City or BGC?
Professionals, expats, and high-income families should consider buying property in Makati City or BGC due to the proximity to corporate headquarters, luxury amenities, and vibrant social scenes. These areas are known for their modern infrastructure, making them attractive for living and investing.
