Property prices in Metro Manila is now on the upswing after the prolonged drought and plateau of the real estate market as seen during the late ‘90s. In recent years, we have seen industry figures such as Ayala Land and Robinsons Land expand onto more high-profile property developments in various key parts of the metro. Their increased and sustained confidence in the country’s market potential sprung mostly from the ever increasing demand from buyers both locally and abroad.

Remittances from overseas have fuelled much of the demand in the property market, not least of which are the increasing clamor for ideally located condominiums in Metro Manila.

Here is a table of average condo prices in various key cities in Metro Manila:

The most relevant factors that affect individual condo prices include the zonal value in the area, features and amenities and the name and reputation of the developer.

While the preference of location would depend on the tastes and lifestyle of the buyer, it is wise to discern the value of a condo not just on the basis of the condo address nor the name of the developer but on the value it can offer. These are not immediately seen on first tripping, hence the prospective buyer would do well to compare each condo for its unique features, its reliability and the value proposition it offers before arriving at final purchase decision.