In 2025, Metro Manila solidifies its dominance as the Philippines’ top real estate market, driven by economic growth, $4 billion in infrastructure, and 12–15% price appreciation. With 8.5 million projected visitors and a $5 billion residential sector, Metro Manila attracts foreign investors to Makati and Bonifacio Global City (BGC). Condos and luxury condos, backed by projects like Ayala Land Premier, command premium prices, but a 10% unsold inventory demands strategic timing.
The Market’s Momentum
Metro Manila’s economic surge, with 2.1 million visitors in Q1 2025 (600,000 international), fuels demand in Makati and BGC. Standard condos ($150,000–$400,000, 50–70 sqm) and luxury condos ($500,000–$1 million) lead sales, per dotproperty.ph listings. Houses average $600,000, while luxury villas range from $1 million to $2.5 million. Q1 2025 saw 3,000 condo units sold, valued at $750 million (50 PHP = 1 USD). A 10% unsold inventory signals robust demand but risks oversupply in Quezon City.
“Metro Manila’s market is unmatched for high returns,” says Maria Santos, a Makati-based real estate agent with 15 years of experience. “BGC properties are a goldmine.” 
Q1 2025 Market Snapshot
| Metric | Value |
|---|---|
| Median Condo Sale Price | PHP 15 million (~$300,000 USD) |
| Median Luxury Condo Sale Price | PHP 35 million (~$700,000 USD) |
| Median House Sale Price | PHP 30 million (~$600,000 USD) |
| Median Luxury Villa Sale Price | PHP 75 million (~$1,500,000 USD) |
| Tourist Visitors (2025 Projection) | 8.5 million |
| Unsold Condo Inventory | 10% |
| Annual Price Growth | 12–15% |
Infrastructure Fueling Growth
The Philippines’ $4 billion investment in Metro Manila’s 2025 infrastructure amplifies its real estate allure. The Ninoy Aquino International Airport upgrade ($1.5 billion) targets 50 million passengers by 2030, boosting Makati property values. MRT-7 expansion ($1.2 billion) enhances connectivity, lifting BGC prices by 5–10%. Road and utility upgrades ($1.3 billion) improve access, though traffic concerns persist.
Metro Manila Infrastructure Spending (2025) – $4.00 B USD
Investment Dynamics
From 2020 to 2025, $2.5 billion flowed into Metro Manila’s real estate: 60% ($1.5 billion) for condos, 30% ($0.75 billion) for houses and villas, and 10% ($0.25 billion) for commercial. Foreign buyers, mainly Singaporeans and Chinese, drove 40% of 2023 condo sales and 20% of villa purchases, targeting projects like Ayala Land Premier ($300,000–$700,000) and Rockwell Land ($1M–$2M). The charts below track sale prices, foreign buyer share, and price/sqm for condos, luxury condos, houses, and luxury villas.
Condo Prices in Metro Manila (2024–2025 & Max)
Luxury Condo Prices in Metro Manila (2024–2025 & Max)
House Prices in Metro Manila (2024–2025 & Max)
Luxury Villa Prices in Metro Manila (2024–2025 & Max)
Why Metro Manila Stands Out
Metro Manila’s 12–15% price growth outpaces the Philippines’ 10–12% average, with economic activity and infrastructure insulating investors from global slowdowns. Foreign buyers, capped at 40% of condo units, target projects like Ayala Land Premier, drawn by BGC’s global appeal and Makati’s financial hub status.
Navigating Challenges and How to Ride the Wave
Metro Manila’s market shines, but a 10% unsold condo inventory risks price softening if tourism dips. Supply constraints (3,500 new condo units, 600 houses) may push prices, favoring projects like Rockwell Land. Investors should focus on Makati and BGC, where infrastructure drives growth, and engage local agents to navigate foreign ownership laws.
Metro Manila’s $5 billion real estate market, backed by $4 billion in infrastructure, is a cornerstone of the Philippines’ $15 billion sector in 2025. “Premium condos in BGC are the safest bet,” advises Santos.
