Here’s an updated summary of current market values of several residential properties for everyone’s reference. This is for everyone to be aware of so as not to be misled into unrealistic figures given by practitioners. My company and some associates of mine still get inquiries from Buyers looking to buy at prices at 2014-2015 prices. The market has definitely appreciated from that time.
The last update I did was as of 2015 and at that time I already mentioned that Philippine Real Estate was at an all time high. Property values continue to consolidate at first then the property is sold and next thing we know, a new benchmark has been breached. We’ve been waiting for a correction for the last 12 years however, due to the on going issues of the global markets, the Philippine Real Estate Market will continue to be strong and now property values in Visayas, Mindanao and outer portions of Luzon are experiencing faster growth than ever. Take note that what prices you see on the newspapers or on line advertisements may not necessarily reflect the true market value of a property. The figures below are based on actual transactions therefore is considered market value.
Property Values should be based on land alone and not with the structure specially if the improvement is still good as some practitioners tend to include the improvement ( whether new or old ) into the land value which is very misleading to the general public !
What is important to note is that some areas have appreciated so much in a short span of time and some areas have remained laggard or haven’t had any transaction due to a niche market thus making it difficult for proper assessment of their market values. In addition, there has been so much development all over, so the market has been saturated with all sorts of developments ranging from residential lots, house and lot, townhouses, farm lots, leisure properties, and condominiums.
The summary below is based on the low and high side of the market and factors such location, shape of lot, orientation, motivational factor of seller are a few of the variables considered in arriving at the given figures.
I am currently working on the summary of Commercial Lot Market Values and will be out when ready.
Finally, please be advised that I am not an Real Estate Appraiser but rather a licensed Real Estate Broker and base the figures below on actual transactions from my wide range of licensed Real Estate associates specializing in the different locations.
RESIDENTIAL LOT – MARKET VALUE ( May 2017 )
Acropolis 110T/m2 140T/m2
Addition Hills 65T/m2 90T/m2
Afphovai 32T/m2 40T/m2
Alabang Hills 35T/m2 45T/m2
Alabang West 50T/m2 65T/m2
Alta Mira, Tagaytay 12T/m2 15T/m2
Alta Vista 40T/m2 50Tm2
Amore Portofino 25T/m2 35T/m2
Ayala Alabang 75T/m2 110T/m2
Ayala Ferndale 32T/m2 40T/m2
Ayala Greenfields 18T/m2 22T/m2
Ayala Heights 85T/m2 125T/m2
Ayala Hillside 100T/m2 140T/m2
Ayala Abrio ( Nuvali ) 22T/m2 28T/m2
Ayala Sonera 50T/m2 65T/m2
Ayala Southvale 40T/m2 55T/m2
Ayala Treveia 17T/m2 21T/m2
Ayala Westgrove 18T/m2 25T/m2
Bel-Air 1,3,4 175T/m2 210T/m2
Bel-Air 2 145T/m2 170T/m2
Belle Reve 10T/m2 12T/m2
Better Living 10T/m2 12T/m2
BF Homes, QC 20T/m2 27T/m2
BF Homes, Paranaque 20T/m2 25T/m2
Blue Ridge 45T/m2 55T/m2
Canyon Woods 7T/m2 12T/m2
Capitol 8 75T/m2 95T/m2
Capitol Homes 35T/m2 45T/m2
Capitol Golf Hills 75T/m2 95T/m2
Casa Milan 22T/m2 25T/m2
Citadella, Las Pinas 12T/m2 15T/m2
Cita Italla 10T/m2 12T/m2
Congressional Village 15T/m2 19T/m2
Corinthian Gardens 190T/m2 240T/m2
Corinthian Hills 190T/m2 240T/m2
Dasmarinas Village 200T/m2 250T/m2
Don Antonio Royale 55T/m2 60T/m2
Dona Carmen 12T/m2 17T/m2
Don Enrique 25T/m2 30T/m2
Dona Juana 20T/m2 25T/m2
Filinvest 1 28T/m2 32T/m2
Filinvest 2 14T/m2 18T/m2
Filinvest East 11T/m2 16.5T/m2
Filinvest Heights 8T/m2 12T/m2
Forbes Park 185T/m2 250T/m2
Forest Hills 3.5T/m2 5T/m2
Greenhills East 150T/m2 165T/m2
Greenhills North 150T/m2 175T/m2
Greenhills West 155T/m2 180T/m2
Greenhills Northeast 165T/m2 185T/m2
Greenmeadows 95T/m2 120T/m2
Greenpark 9.5T/m2 13T/m2
Greenview 15T/m2 18T/m2
Greenwoods Executive 15T/m2 17T/m2
Hacienda Sta Monica 4.5T/m2 5.5T/m2
Hillsborough 38T/m2 50T/m2
Industrial Valley 25T/m2 35T/m2
Ireneville 18T/m2 25T/m2
Jackielouville 17T/m2 23T/m2
Kapitolyo 65T/m2 80T/m2
Kawilihan Village 60T/m2 75T/m2
Lakeview Hts, Tagaytay 20T/m2 22T/m2
La Residencia 12T/m2 15T/m2
La Vista 65T/m2 95T/m2
Loyola Grand Villas 30T/m2 55T/m2
Loyola Heights 40T/m2 60T/m2
Magallanes Village 75T/m2 110T//m2
Mahogany Village 90T/m2 110T/m2
Mapayapa Village 1 12T/m2 18T/m2
Marcelo Green 15T/m2 18T/m2
Marina Baytown 95T/m2 130T/m2
Marina Palmcoast 85T/m2 115T/m2
Marikina Heights 8.5T/m2 11T/m2
Mckinley Hills 150T/m2 180T/m2
Mckinley West 180T/m2 210T/m2
Metrogate Tagaytay 6T/m2 8T/m2
Metropoli, Libis 85T/m2 110T/m2
Monte Vista 28T/m2 35T/m2
Muntinational Village 15T/m2 25T/m2
New Manila 70T/m2 95T/m2
North Susana 12.5T/m2 15T/m2
Pacific Malayan 32T/m2 40T/m2
Pacific Village 35T/m2 45T/m2
Pallas Athena Exec 7T/m2 8.5T/m2
Palm Village 90T/m2 100T/m2
Palms Pointe 50T/m2 65T/m2
Parkridge Estate 4T/m2 5T/m2
Parkwood Exec 11T/m2 15T/m2
Payatas 2.5T/m2 3T/m2
Peninsula de Punta Fuego 16T/m2 20T/m2
Pentagon Homes 35T/m2 45T/m2
Philam Homes 85T/m2 95T/m2
Portofino Heights 28T/m2 40T/m2
Riverside Subd 8T/m2 9.5T/m2
Riviera Golf, Silang 4.5T/m2 7T/m2
Robinson’s Circle 60T/m2 75T/m2
San Lorenzo 185T/m2 200T/m2
San Miguel 90T/m2 100T/m2
Scout Area 68T/m2 85T/m2
Sikatuna Village 35T/m2 45T/m2
Southbay Gardens 35T/m2 45T/m2
Southwoods Golf 10T/m2 15T/m2
Sta Mesa Heights 40T/m2 55T/m2
Sta. Elena Estate 20T/m2 22T/m2
St. Charbel Executive 35T/m2 45T/m2
St. Ignatius Village 50T/m2 60T/m2
Stonecrest, San Pedro 11T/m2 14T/m2
Susana Heights 14T/m2 16T/m2
Tagaytay Country Homes 7T/m2 8T/m2
Tahanan Village 20T/m2 25T/m2
Teacher’s Village 35T/m2 40T/m2
Teoville 25T/m2 35T/m2
Tierra Nueva 25T/m2 35T/m2
Timberland 8T/m2 10T/m2
Tierra Pura 22T/m2 30T/m2
Tivoli Green 30T/m2 35T/m2
Tivoli Royale 35T/m2 40T/m2
UPS4 10T/m2 14T/m2
UPS 5 10T/m2 12T/m2
Tierra Bella 32T/m2 40T/m2
Tierra Pura 35T/m2 45T/m2
Urdaneta Village 170T/m2 200T/m2
Valle Verde 1 95T/m2 110T/m2
Valle Verde 2 100T/m2 130T/m2
Valle Verde 3 120T/m2 135T/m2
Valle Verde 4 85T/m2 100T/m2
Valle Verde 5 115T/m2 140T/m2
Valle Verde 6 85T/m2 100T/m2
Varsity Hills 45T/m2 52T/m2
Verdana Mamplasan 15T/m2 18T/m2
Versailles 32T/m2 40T/m2
Victoria Valley 3T/m2 5T/m2
Villa Segovia 3.5T/m2 6T/m2
Vista Real 14T/m2 17T/m2
Wack Wack Subd 150T/m2 165T/m2
Westborough Homes 7T/m2 8T/m2
West Triangle 60T/m2 70T/m2
White Plains 80T/m2 100T/m2
Wilson Circle 80T/m2 100T/m2
Xavierville 2 50T/m2 65T/m2
Xavierville 3 50T/m2 65T/m2
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Thank you.
robert
Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of Taguig Real Estate Board 2016 – 2017
Real Estate Broker’s Association of the Philippines 2000-2015
President, Greenhills Chapter 2008, 2009
Philippine Association of Real Estate Brokers
San Juan Mandaluyong Chapter 1998, 1999
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