Property Rental Costs in Manila.

Some property rental costs in Manila in 2023.

Forbes Park in Makati, is one of Manila’s most prestigious residential areas.

The rental value of a five-bedroom house in Forbes Park is between 350,000 and 550,000 Philippine pesos a month.  That has a midpoint of about 450,000 pesos.

Bel-Air in Makati, is considered one the cleanest and greenest of villages in Makati City.

The rental value of a three-bedroom house in Bel-Air is between 140,000 and 250,000 pesos a month. That has a midpoint of about 195,000 pesos.

Monthly Rent Figures in Metro Manila:

Forbes Park, Makati, Manila, Philippines.
450,000 pesos =
US$8,050
A$12,000
£6,500

Bel-Air, Makati, Manila, Philippines.
195,000 pesos =
US$3,490
A$5,200
£2,820

Locals in Metro Manila usually have cheaper accommodation.

Pinagsama, Taguig, Metro Manila,
1 bedroom Flat at 1,300 pesos per month =
US$24
A$35
£19

Amparo, Caloocan, Metro Manila,
3 bedroom house at 9,000 pesos per month =
US$161
A$240
£130

The average salary in Manila is 36,000 pesos per month =
US$642
A$960
£520

Currency conversion rates at 18 April 2023.

Most Expensive Median Home Prices in Philippines 2014

Top Ten Most Expensive Median Home Prices in Philippines 2014

Results from Lamudi Philippines show these subdivisions have the most expensive median home prices from their sales records.

Location and Median house price PHP and Australia$

1. Forbes Park, Makati – Php382.9 million A$11,965,625
2. Urdaneta Village, Makati – Php236.3 million A$ 7,384,375
3. Dasmariñas Village, Makati – Php200 million A$ 6,250,000
4. Corinthian Gardens, Quezon City – Php155 million A$ 4,843,750
5. Greenhills, San Juan – Php134 million A$ 4,187,500
6. Bel-Air Village, Makati – Php80 million A$ 2,500,000
7. San Lorenzo Village, Makati – Php76 million A$ 2,375,000
8. Valle Verde, Pasig – Php64 million A$ 2,000,000
9. Ayala Alabang Village, Muntilupa – Php57 million A$ 1,781,250
10. Magallanes Village, Makati – Php35 million A$ 1,093,750

www.lamudi.com.ph/journal/metro-manilas-expensive-subdivisions-buy-home

Report dated November 2014

A$ conversion at Oct 2015 FX rates

Own an Affordable Western Home Near Manila

Live in a Western Style House in the Philippines

They say that Houses in the Philippines are Cheap, but often, when you look at those CHEAP houses, you can see why they are cheap.

This Page Is NOT About Those Cheap Houses fitting 3 Bedrooms into a 50 sqm (538 sqf) block of land, with 50 sqm (538 sqf) of living space.

This page is about good sized houses, maybe 200 sqm or 2,150 sqf, something like these…

Cavite House 1  Cavite House 2  Cavite House3

Properties like these can be built to your needs, and your style. And within a reasonable Budget.

(These Houses cost the same as some One Bedroom Condos in some parts of the Philippines)

The Location is ideal for Golfers or even just people who want to live in an nice clean and relaxed location.

The area is at Riviera Golf Club Estate, Silang, Philippines. This is 46 Km south of Manila International Airport, and is shown as One Hour Driving time, when using Google Maps for directions.

For more Information, please contact me at the bottom of this page.

Please Contact me for More Information

A visit to the area is welcomed, so you can see what it is really like.

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    The Riviera Estate Consists of 2,114 Lots, sized between from 300 sqm and 1,000 sqm

    Can a Foreigner Buy Property / Real Estate in The Philippines

    Buying Property or Real Estate in the Philippines

    Can a Foreigner Buy Property / Real Estate in The Philippines ? Yes and No.

    Can a Foreigner Buy Property in The Philippines ? Yes

    Can a Foreigner Buy Real Estate in The Philippines ? No

    What is the Difference between Real Estate and Property?

    Real estate is “property consisting of land and the buildings on it”

    Property is “Something that can be owned”.  This could be a House, a House and Land package, a Condo, etc. A very wide description.

    Under the Philippine Constitution only Filipino Citizens are allowed to PURCHASE land in the Philippines.

    Condominium Act: http://www.lawphil.net/statutes/repacts/ra1966/ra_4726_1966.html

    Philippine Constitution: “Save in cases of hereditary succession, no private lands shall be transferred or conveyed except to individuals, corporations, or associations qualified to acquire or hold lands of the public domain.” (Philippine Constitution Article XII, Section 7)

    Under the pertinent provisions of the Philippine Constitution only Filipino citizens and corporations or partnerships at least 60% Philippine owned are entitled to acquire land in the Philippines. One exception to that rule is a purchase of not more than 40% interest in a condominium project by foreigners.
    http://www.sec.gov.ph/investorinfo/opinions/ogc/cy%202008/08-27.pdf

     

    Average Houses in the Philippines

    What is an Average House in the Philippines?

    Some websites quote the cost to rent a house in the Philippines as about 5,000 pesos per month for an average house.

    This leads some foreigners to consider how cheap that is in comparison to their own country.  However, is it a like for like comparison?

    This is an actual advertised house in August 2015 for 5,000 pesos per month in Quezon City, a popular part of Metro Manila

    Average Philippines House Quezon City 5k

    I found a statement from a property sales website that gives an idea of what to expect from HIGH END property

    • a high end subdivision that has lot cuts over 200 sq.m. and house areas of over 100 sq. m. on the average. Prices for these units could start as low as 1.1M pesos.

    I have seen many average houses in the Philippines, and found this photo at http://truthsector.net which shows what they refer to as an average house.  (I have seen worse)

    Average Philippines House

     

    This one shows a one bedroom town house (Attached/Terraced/duplex), also for 5,000 per month

    Average Philippines Town House Quezon City 5k

    This one is quoted as a High End Philippines House by a Property Sales company

    High End Philippines House

    A few ABOVE AVERAGE houses in Quezon City, advertised with monthly rentals in August 2015

    Above Average Philippines House Quezon City

     

     

     

     

    Royal Palm Residences, Taguig City, Metro Manila

    Royal Palm Residences, Taguig City

    Acacia Avenue
    Ususan
    Taguig City
    Metro Manila
    Philippines

    Contact:

    Tel:
    Mob:
    Email:
    Web:

    Details:

    Royal Palm Residences, Taguig City, is a Thai-influenced, tropical resort-inspired residential community composed of eight mid-rise and two-high rise buildings, spread across more than 4 hectares of sprawling land.

    Royal Palm boasts many amenities; 2 pools, basketball court; gym; function rooms; coffee shop and restaurant. It is also ideally located just minutes away from SM Aura; Market Market; Bonifacio High Street; St Lukes Global City and more locally, and within walking distance there is a large Savemore supermarket and other convenience shops spa; restaurant; delicatessen; hairdresser and food and drinks bar.

    Typical Unit Sizes:

    Studio unit : approx. 53.5 SQ.M. with balcony and service area
    2-BR Typical Mid unit : approx. 57.0 – 59.0 SQ.M. with balcony and service area
    2-BR Typical Mid unit : 60.0 SQ.M. with service area
    3-BR Typical End unit : approx. 81.5 – 100 SQ.M. with two (2) balconies and service area
    3-BR Typical Mid unit : approx. 85.5 SQ.M. with service area
    3-BR Typical Mid unit : approx. 86.0 SQ.M. with balcony and service area
    3-BR Typical Tandem unit : approx. 120.0 SQ.M. with service area

    Royal Palm Residences, Taguig City, Metro Manila

    Valenzuela City Medium House prices 2015

    Valenzuela City Medium House prices 2015

    99 per cent of Valenzuela Cities ‘for-sale’ houses have asking prices of Php10 million and below, and from 102 listed properties the Median house price is shown to be Php2.44 million with the most expensive listing at the time of Php15 million

    http://www.lamudi.com.ph/journal/metro-manilas-cheapest-expensive-cities-buy-house/

    However, this only relates to properties that are actually listed for sale.

    The number of number of households in the city was 106,382 and only 102 were listed for sale.  There may be many much cheaper that would never be listed for sale.

    A quick Google search revealed this from one Real Estate Agent: We have 74 apartments for rent in Valenzuela from PHP3,500

    Official figures show that Valenzuela City has a median floor area of 35.54 square meters for occupied dwellings. (half of the housing units had floor area of below 35.34 square meters, and half were larger).

    http://web0.psa.gov.ph/content/valenzuela-city-annual-population-growth-rate-down-227-percent

    Valenzuela is one of the twelve cities and five municipalities comprising the National Capital Region (NCR)

    Houses shown on the www.valenzuela.gov.ph website include this:

    Valenzuela.gov.ph  House

    Property Prices in Metro Manila Mid 2015

    House Prices in Manila

    House prices in Manila range from the really cheap, but very basic shed type house, right up to the really expensive, world class prices for the very rich.

    This shows the vast diverseness of house pricing in the Philippines.

    People can live either really cheaply or they might need massive incomes, even by western Standards to maintain some of these homes.

    The following shows a couple of examples of property for sale in Metro Manila, showing the extremes of normal living in Manila:

    This is an example of a 2 bedroom 1 bathroom house on a 46 sq metre block of land in Caloocan City, Metro Manila, for 850,000 pesos (A$24,560 at 16/6/15)
    Caloocan 2 Bed 850,000 46sqm

    This is an example of a FOUR bedroom house on a 650 sq metre block of land in Makati City, Metro Manila, for 250,000,000 pesos (A$7,250,000 at 16/6/15)
    Dasmarinas Village, Makati 250,000,000, 650sqm

    Room 2D, Icon Condo, Angeles City, Pampanga

    Room 2D, Icon Condominiums, Angeles City

    Icon Condominiums
    23-5 Teodoro Street
    Sta. Maria 1
    Balibago
    Angeles City
    Pampanga
    Luzon

    Contact:

    Tel: 045 892 4425
    Mob: 0917 510 6465
    Web:

    Hotel Booking and Price Checking: Hotels in Angeles City

    Information:

    71 sqm, 1 Bedroom, 1 bathroom, 1 Living/Dining area.

    Use of Swimming Pool, Discounted price for use of Gym.

    This condo is for Sale or Monthly lease from the owners, Waterstone Realty.

    Room 2F, Icon Condo, Angeles City, Pampanga

    Room 2F, Icon Condominiums, Angeles City

    Icon Condominiums
    23-5 Teodoro Street
    Sta. Maria 1
    Balibago
    Angeles City
    Pampanga
    Luzon

    Contact:

    Tel: 045 892 4425
    Mob: 0917 510 6465
    Web:

    Hotel Booking and Price Checking: Hotels in Angeles City

    Information:

    39 sqm, Studio, 1 bathroom, 1 Bed/Living/Dining area.

    Use of Swimming Pool, Discounted price for use of Gym.

    This condo is for Sale or Monthly lease from the owners, Waterstone Realty.

    Sale price: 3,319,680 pesos.  Monthly Association & Amenities fees are 2,950 pesos

    Lease: ??,000 pesos per month plus 1 month deposit

    Room 2A, Icon Condo, Angeles City, Pampanga

    Room 2A, Icon Condominiums, Angeles City

    Icon Condominiums
    23-5 Teodoro Street
    Sta. Maria 1
    Balibago
    Angeles City
    Pampanga
    Luzon

    Contact:

    Tel: 045 892 4425
    Mob: 0917 510 6465
    Web:

    Hotel Booking and Price Checking: Hotels in Angeles City

    Information:

    63 sqm, 1 Bedroom, 1 bathroom, 1 Living/Dining area.

    Use of Swimming Pool, Discounted price for use of Gym.

    This condo is for Sale or Monthly lease from the owners, Waterstone Realty.

    Sale price: 5,362,560 pesos.  Monthly Association & Amenities fees are 4,150 pesos

    Lease: 37,000 pesos per month plus 1 month deposit

    Apartment for Sale, San Jose, Puerto Princesa City, Palawan

    Apartment for Sale, San Jose, Puerto Princesa City

    Apartment for Sale
    Pablico Road 1
    San Jose
    Puerto Princesa City
    Palawan
    Luzon
    Philippines

    Details

    This is a 2 storey apartment. The Master’s Bedroom with has balcony, and there are 2 bedrooms in total. There is a living area, a living area, one toilet / bathroom, a kitchen/dining area, a laundry area and a single garage.

    Bedrooms 2
    Baths 1
    Kitchen: Separate/Baths 1
    Furnished: Full/Part/No Full
    Building Age 2013
    Garage Spaces 1
    Living area (m²) 30
    Land Area  (m²) N/A
    Available from now

     

    Location:

    This property is located near to:

    Robinson’s Place, Puerto Princesa
    San Jose Market and Terminal
    LRC school/church
    Adventist Hospital, Puerto Princesa
    Landbank, San Jose, Puerto Princesa
    Haim Chicken Inato Restaurant, Puerto Princesa

    Camella Homes price examples at December 2013 in Puerto Princesa, Palawan

    An example of some of the Camella Homes prices as at December 2013 in Puerto Princesa, Palawan

    Marga.
    2 bedrooms, 1 toilet & bath.
    Floor area: 46 sq. M. (495 sq. Ft. ).
    Min. Lot area: 63 sq. M. (678 sq. Ft. ).
    Location: Camella Puerto Princesa, brgy. Bancao-bancao, Puerto Princesa City, Philippines.
    Price starts at php 1,482,620. . .

    Marvela.
    Spacious living room, 2 bedrooms, 1 toilet & bath.
    Floor area: 52 sq. M. (560 sq. Ft. ).
    Min. Lot area: 80 sq. M. (861 sq. Ft. ).
    Location: Camella Puerto Princesa, brgy. Bancao-bancao, Puerto Princesa City, Philippines.
    Price starts at php 2,014,570. .

    Carmela.
    3 bedrooms, 2 toilet & baths, provision for balcony & carport.
    Floor area: 65 sq. M. (699 sq. Ft. ).
    Min. Lot area: 88 sq. M. (947 sq. Ft. ).
    Location: Camella Puerto Princesa, brgy. Bancao-bancao, Puerto Princesa City, Philippines.
    Price starts at php 2,191,705. .

    Drina.
    3 bedrooms, 3 toilet & baths, maid’s room, provision for balcony & carport.
    Floor area: 83 sq. M. (893 sq. Ft. ).
    Min. Lot area: 99 sq. M. (1,065 sq. Ft. ).
    Location: Camella Puerto Princesa, brgy. Bancao-bancao, Puerto Princesa City, Philippines.
    Price starts at php 2,669,875. .

    Elaisa.
    4 bedrooms, 3 toilet & baths, maid’s room, provision for balcony & carport.
    Floor area: 97 sq. M. (1,044 sq. Ft. ).
    Min. Lot area: 110 sq. M. (1,184 sq. Ft. ).
    Location: Camella Puerto Princesa, brgy. Bancao-bancao, Puerto Princesa City, Philippines.
    Price starts at php 3,029,710. .

    Sapphire.
    3 bedrooms, 3 toilet & baths, maid’s room, porch, lanai.
    Floor area: 110 sq. M. (1,184 sq. Ft. ).
    Min. Lot area: 121 sq. M. (1,302 sq. Ft. ).
    Location: Camella Puerto Princesa, brgy. Bancao-bancao, Puerto Princesa City, Philippines.
    Price starts at php 3,374,760. .

    Emerald.
    3 bedrooms, 3 toilet & baths, maid’s room, balcony, carport.
    Floor area: 143 sq. M. (1,539 sq. Ft. ).
    Min. Lot area: 132 sq. M. (1,420 sq. Ft. ).
    Location: Camella Puerto Princesa, brgy. Bancao-bancao, Puerto Princesa City, Philippines.
    Price starts at php 4,658,361. .

    Ruby.
    3 bedrooms, 3 toilet & baths, maid’s room, balcony, carport.
    Floor area: 179 sq. M. (1,926 sq. Ft. ).
    Min. Lot area: 150 sq. M. (1,614 sq. Ft. ).
    Location: Camella Puerto Princesa, brgy. Bancao-bancao, Puerto Princesa City, Philippines.
    Price starts at php 5,183,340. .

    Camella Homes is one of the Philippines larger home builders.

    Harbour Springs Resort, Puerto Princessa, Palawan

    Harbour Springs Resort and Spa Village – the First Five Star Resort in Puerto Princesa Palawan – is claimed to be the Philippines first hot spring village and 5 star resort community and is situated in Puerto Princessa, on the Island of Palawan. The resort occupies an area of 2.7 hectare.

    This resort is being advertised mainly to people who wish to invest and buy a share in a condominium unit in this community property.  It has been developed by the Carino Development and Management Corporation, and offers 132 condo units and 88 hotel suites. Best Western International will be handling the hotel operations.

    Example costs involved are:

    PHP 1,500,000

    You get a 3.8% shared ownership of a 95sqm, 2 bedroom condominium with the right to use it for yourself on 14 nights each year. This is being offered as a “Lease Option to Own Program” (LOOP) with a 5-year lease contract.

    PHP 20,000,000

    You get the full 100% ownership of a 95sqm, 2 bedroom condominium with the right to use it for yourself presumably all the time.

    Other costs may include:

    Association fees..

    Other Condominium Sizes

    PHP 1,000,000 94sqm, 1 bedroom condominium
    PHP 1,500,000 94sqm, 2 bedroom condominium
    PHP 1,800,000 195sqm, 3 bedroom condominium

    Payments Terms and Discounts

    Up to 30% discount available for Cash Payment

    25% deposit with 75% Balance payable over 5 yrs with ZERO Interest

    Location

    The property is located in Sta. Elena, about 14 km North of the Puerto Princessa Airport, at the corner of Puerto Princesa North Road and Honda Bay Wharf Service Road.  Just North of the Irawan-Tagburos Road.

    It is 9km North of the Robinsons Shopping Mall and the main Hospital.

    [mappress mapid=”8″]

    These details are collected from a selection of real estate advertisers and direct contact with the seller.

    Real Estate in Puerto Galera

    Websites for Property for Sale in Puerto Galera

    Property Buying costs:

    From: puerto.pgli.jp

    • Attony’s fee 1% of purchase price
    • Capital Gain Tax 6% of purchase price
    • Documentary Stamp 1.5% of purchase price
    • Transferring of title Certificate 0.5% of purchase price
    • Tax Declaration PHP 100-500

    From: www.housinginteractive.com

    • Philippines Capital Gains Tax – 6% of actual sale price. This is paid by the seller but in some cases it might be expected that the buyer pays. This percentage could differ if the property assessed is being used by a business or is a title- owned by a corporation, in this case the percentage is 7.5%
    • Philippines Documentary Stamp Tax – 1.5% of the actual sale price. This is paid by either the buyer or the seller upon agreement. Normally however, it is the buyer who shoulders the cost.
    • Philippines Transfer Tax – 0.5% of the actual sale price
    • Philippines Registration Fee – 0.25% of the actual sale price