Makati remains the undisputed crown jewel of Philippine real estate, though limited inventory in the CBD is pushing m² Prices to unprecedented heights. With new residential developments shifting toward peripheral corridors like Chino Roces, the market is successfully diversifying its luxury footprint beyond the central business core. While the Cost of Living remains the highest in the country, robust demand from multinational corporate tenants secures a very bullish Investment Outlook for the next decade. Our verdict: Makati is a high-barrier, high-reward market that favors long-term capital appreciation over immediate high-yield rental returns.
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Districts Analysed
It offers the perfect balance of proximity to the CBD, high-end dining, and well-maintained green spaces for a premium walk-to-work lifestyle.
This district is the city's creative heart, featuring eclectic bars, art galleries, and a vibrant social scene that attracts a younger demographic.
As the city’s primary redevelopment corridor, it provides more competitive entry points for modern condos compared to the established commercial core.
Top-rated zones for tenants
Makati has 6 analyzed neighborhoods with a citywide average rent of ₱939.58/m² per month. Each district below is rated on our 1-5 scale and classified from "Trenches" (best value) to "Final Boss" (luxury tier). Click any neighborhood to see the full price breakdown, local highlights, and our verdict on whether it is fairly priced.
Gross rental yield for Makati: 3.1% annually based on average rent vs. buy prices.
Buyers typically cover the Documentary Stamp Tax (1.5%), Transfer Tax (0.5% to 0.75%), and Registration Fees, while the seller usually pays the 6% Capital Gains Tax.
Yes, under the Philippine Condominium Act, foreigners can own 100% of a condominium unit as long as the total foreign ownership in the building does not exceed 40%.
Most Makati developments require a 'Move-in Permit' and have strict schedules for large deliveries, often prohibiting move-ins on Sundays and public holidays.