Makati Real Estate, Philippines

Makati Real Estate

Makati real estate defines the Philippines' original financial capital. Decades of price data, the deepest rental market, and the most liquid condo resale environment in the country.

Available in Philippines

Vetted
properties.

No listings pinned directly to Makati Real Estate yet. Here are vetted properties elsewhere in Philippines.

$6,280

Avg. CBD price per sqm

3-5%

Gross rental yield (CBD)

$172K

Typical 1BR entry (40-50 sqm)

70%

CBD premium above metro average

3-12 mo

Avg. resale timeline

Market Analysis

Why Makati Real Estate
stands out.

Makati is the Philippines' financial center: home to the BSP (central bank), the stock exchange, major law firms, and the highest concentration of multinational regional offices and embassies. Makati real estate prices range from PHP 250,000-450,000/sqm ($4,300-$7,750), with ultra-luxury Rockwell and Ayala Avenue product reaching PHP 590,000/sqm. This is a mature market with the longest price history in the country. Makati CBD commands a ~70% premium above the Metro Manila average. The investment case is stability and liquidity, not growth.

The current catalyst is counter-intuitive: oversupply is creating a buyer's entry window. Developers are offering aggressive RFO discounts, with spot cash reductions reportedly reaching 60% in select buildings. The Metro Manila Subway will add a Makati station (timeline: 2028-2032). For the premium segment, Rockwell Center remains the standout: a self-contained, master-planned enclave commanding PHP 300,000-590,000/sqm with BGC-quality building standards. Premium pricing in Rockwell and Ayala Avenue has held stable while mid-range inventory faces pressure.

A 40-50 sqm 1BR in a mid-to-premium building rents for PHP 30,000-60,000/month ($520-$1,035). Rockwell and Ayala-area units fetch PHP 50,000-80,000/month. Gross yields of 3-5% reflect high purchase prices rather than weak rents. Poblacion, Makati's nightlife and hospitality quarter, yields higher at 7-9% but with smaller units and a different risk profile. Annual holding costs for a 50 sqm 1BR run approximately PHP 120,000-180,000/year ($2,070-$3,100).

Makati is the conservative allocation in a Philippines portfolio. The building stock is aging (many towers are 20-40 years old), and BGC is drawing premium tenants toward newer product. Traffic congestion remains severe on narrow, older streets. But no other Philippine market offers this depth of rental demand, this level of transaction liquidity, or this degree of data transparency. For global diversifiers seeking predictable, stable exposure with the lowest execution risk in the country, Makati is the default.

Buyer Considerations

What to weigh,
and what we vet for

International buying has a few moving parts in every market. Here is what to consider in Philippines Real Estate, and the standard every developer clears before we list them.

Key Considerations in Philippines Real Estate

  • Foreigners own condominium units (not land), within a 40% foreign cap per building.
  • Confirm the building's current foreign-ownership ratio before committing, since popular towers approach the cap.
  • The SRRV retirement visa offers residency for qualifying buyers aged 40+.
  • Yields vary by submarket, with Cebu's IT corridor among the strongest.

What We Vet For

  • Completed Project History: Proven track record of successfully delivered developments with documented on-time completion history.
  • Buyer Infrastructure: Legal and transaction support, financing advice, and post-sale services designed for international buyers.
  • Design and Build Quality: Build quality, materials, and design, reviewed at completed projects where possible.
  • Market Reputation: Developer claims cross-checked against public records, operating history, industry references, and local market feedback where available.
  • Community Amenities: Quality of shared amenities, community design, and resident services, reviewed where possible.
Makati Real Estate infrastructure
Infrastructure

A market that's
building fast.

Major investment is transforming Makati Real Estate into a destination with the infrastructure to match its potential.

  • MRT-3 stations at Ayala and Buendia operational
  • Metro Manila Subway Makati station planned (2028-2032)
  • Makati Medical Center, JCI-accredited tertiary hospital
  • Ayala Avenue pedestrian walkways and CBD underpasses
  • Fiber internet 100-1000 Mbps in major CBD buildings
Makati Real Estate lifestyle
Lifestyle

More than an
investment.

Makati Real Estate attracts a global community drawn to quality of life, natural beauty, and the opportunity to live differently.

  • Walkable CBD: Greenbelt, Rockwell, Salcedo Village
  • Highest concentration of embassies and consulates
  • Poblacion nightlife and restaurant district, vibrant scene
  • Established expat community, English widely spoken
  • Year-round tropical climate, 27°C average temperature
The Standard

Every developer on this page cleared our vetting standard.

See the full process →
01 Completed project history
02 Buyer infrastructure
03 Design and build quality
04 Market reputation
05 Community amenities
Match Your Goals

Who thrives
in Makati Real Estate

Not every market fits every investor. These profiles are where Makati Real Estate has the strongest alignment between market fundamentals and investor goals.

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