Property For Sale in Manila: 6 Interesting New Projects & Launches

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Manila is one of the biggest and fastest growing cities in Asia, attracting foreigners in vast numbers. It’s not strange as the living costs are low, the quality of life is great, and you have a number of long-term visa options.

In this article, I’ve listed some of the most interesting new property projects and launches in Manila. The article is updated on a continuous basis, updating you with the latest news about new interesting projects.

Viewing the projects and surrounding areas in Google Maps (Street View)

To check the projects and surrounding areas in Google Maps Street View, simply zoom in the area of the marker and pull the orange colored Pegman to the marker, or nearby areas. You can track the marker/project in Street View as well.

To go back to Google Maps, press the arrow in the top left corner.

Latest Update: 2019-10-02

1. The Imperium (Capitol Commons)

Address: Camino Verde Rd, Pasig, Metro Manila, Philippines

The Imperium is outspoken to be the most luxurious residential tower in Manila. With 62 floors, it’s located in one of the most prime addresses in Manila and set to finish in 2019. Here you’ll find a number of modern amenities, such as an infinity edge pool, premium fitness facilities, and more.

The project won the “Best Luxury Condo Design Award” by Propertyguru in 2018.

Project Overview

  • Project: The Imperium at Capitol Commons (External Link)
  • Developer: Ortigas & Company
  • Completion date: Q1 2019
  • Prices: Starting from PHP 21,170,000 (USD 390,000)
  • Estimated yield: Unknown
  • Type: Luxury Condominium
  • Number of units: 233
  • Amenities: Infinity edge pool, outdoor play area, landscaped garden decks, gym, recreation room, residents’ lounge, and more

Unit Types and Sizes

  • 2-Bedroom: 101 – 105 square meters
  • 2-Bedroom Suite: 127 – 129 square meters
  • 3-Bedroom: 204 – 209 square meters
  • 3-Bedroom Suite: 203 – 207 square meters

Unit Overview

About the Developer

Ortigas & Company is one of the pioneers in the Philippines and has developed a number of projects in the past. In addition to The Imperium, they have completed Circulo Verde and a number of shopping malls.

Learn More About this Project

2. Century Spire

Address: Century City Lifestyle Center, Kalayaan Ave. cor, Salamanca St., Brgy. Poblacion, Makati, 1210, Philippines

Century Spire is a luxury condominium project developed in collaboration between Armani/Casa, the well-known architect Daniel Libeskind (the person behind Ground Zero at the World Trade Center site), and the Century Properties Group.

The project is located right in the heart of Makati and provides an astonishing view of its surrounding areas.

Project Overview

  • Project: Century Spire (External Link)
  • Developer: Century Properties
  • Completion date: 2018
  • Price: Starting from around PHP 12,500,000 (USD 230,200)
  • Estimated yield: Unknown
  • Type: Luxury Condominium
  • Number of units: Unknown
  • Amenities: 24-hour security, gym, swimming pool, library, juice bar, and more

Unit Types

  • 1-3 Bedroom Units: 28 – 260 square meters
  • Suite

Unit Overview

About the Developer

Century Properties is a leading real estate developer based in the Philippines. The company is well-known worldwide for delivering successful high-end luxury buildings and other residential developer.

It’s proclaimed for being forward-thinking and building future-ready communities.

Learn More About this Project

3. Anchor Grandsuites

Address: 823 Salazar St, Binondo, Manila, 1006 Metro Manila, Philippines

Anchor Grandsuites is a 63 storey tall luxury condominium located in the heart of Manila’s Chinatown. According to current plans, the building will be the tallest in Manila and in all Chinatowns globally.

The units come with many modern and exclusive amenities. For example, the penthouse has a changing room, an exclusive health club, and a fitness center. The rooftop offers a beautiful view over the central parts of Manila.

Project Overview

  • Project: Anchor Grandsuites (External Link)
  • Developer: Anchor Land Holdings Inc.
  • Completion date: Q4 2019
  • Price: Around PHP 22 million for 4-bedrooms (USD 405,000)
  • Yield: Unknown
  • Type: Luxury condominium
  • Number of units: 346
  • Amenities: Gym, playground, swimming pool, game room, basketball court, and more

Unit Types

  • 1-4 Bedroom Units
  • Penthouse

About the Developer

Anchor Land Holdings Inc. established in 2004 and focuses mainly on wealthy investors and to build high-end condominiums. In addition to Anchor Grandsuites, the company has built a number of condo projects around Metro Manila.

Learn More About this Project

4. Aurora Escalades

Address: 20th Avenue, Aurora Blvd, Cubao, Lungsod Quezon, Kalakhang Maynila, Philippines

Aurora is a big off-plan condominium project planned to be launched in 2022. It’s located in Cubao and offers smaller low-priced studio units.

The project includes a number of amenities, including a gym, swimming pools, a game room, and more.

Project Overview

  • Aurora Escalades (External Link)
  • Developer: Robinsons Land Corporation
  • Completion date: 2022
  • Price: Starting from PHP 2.5 million (USD 46,040)
  • Estimated yield: Unknown
  • Type: Condominium
  • Number of units: 800
  • Amenities: Movie den, study lounge, game room, swimming pool, gym, and more

Unit Types

About the Developer

Robinsons Land Corporation is a property arm of the well-known conglomerate JG Summit. In addition to condominiums, the company builds hotels, shopping malls, and more.

Learn More About this Project

5. Azure Urban Resort Residences

Address: Azure Urban Residences, Km, 16 West Service Road, Marcelo Ave, Parañaque, 1700 Metro Manila, Philippines

Azure Urban Resort Residences is a big condominium project that was launched in 2014. It’s inspired by Miami’s aesthetic and Paris Hilton has designed the interior.

The project was designed by the architectural firm Broadway Malyan, and the towers have their own tropical and modern design, giving you ventilation, light, and shade.

Project Overview

  • Project: Azure Urban Resort Residences (External Link)
  • Developer: Century Properties
  • Completion date: 2014
  • Average price: Starting from around PHP 5 million (USD 92,000)
  • Estimated yield: 6.5%
  • Type: Condominium
  • Number of units: Unknown
  • Amenities: Playgrounds, beach volleyball area, lap pool, poolside bar, basketball court, and more

Unit Types and Layouts

About the Developer

Century Properties is a leading real estate developer based in the Philippines. The company is well-known worldwide for delivering successful high-end luxury buildings and other residential developments.

It’s proclaimed for being forward-thinking and building future-ready communities.

Learn More About this Project

6. Park McKinley West

Address: Le Grand Ave, Manila, 1630 Metro Manila, Philippines

Park McKinley is an off-plan condominium project, set to finish in 2022. It’s located in the strategic area The Fort (Bonifacio Global City), a rapidly growing area in Metro Manila.

The project will be located close to the Metro with a premium community, and having environment-friendly elements.

Project Overview

  • Project: Park McKinley West (External Link)
  • Developer: Megaworld Corporation
  • Completion date: 2022
  • Average price: PHP 8,4 – 85 million (USD 155,000 – 1,560,000)
  • Estimated yield: Unknown
  • Type: Condominium
  • Number of units: 992
  • Amenities: Game room, function rooms, yoga room, gym, swimming pool, sky garden, and more

Unit Types

  • 1-3 Bedroom units: 35 – 212 square meters

About the Developer

Megaworld Corporation is one of the biggest property developers in the Philippines. It’s been awarded the Hall of Fame at the FIABCI-Philippines Property and Real Estate Excellence Awards for winning Outstanding Developer of the Year for three consecutive years (2015-2017).

Learn More About this Project

FAQ

Below you can find frequently asked questions from property buyers, including our replies.

Can foreigners buy property in Manila?

Foreigners tend to buy one or more units in condominiums, as we aren’t allowed to own land in the Philippines.

There are ways to indirectly own land, through local contractual setups, even if these processes can be a bit complicated.

At the end of the day, you’re not fully protected either.

If you decide to buy a condo, keep in mind that foreigners can own 40% of the units in that project, the remaining units need to be sold to local citizens.

Do I need to live in Manila if I own a property there?

No, you don’t necessarily need to live in the Philippines if you own property there. It’s not uncommon that Chinese investors buy as many as 30 units at a time, and still reside outside of the Philippines.

How many properties can I buy?

There’s no cap to the amount of properties you can buy. But keep in mind that foreigners can own maximum 40% of the units in a condo project, you should check this in advance.

This ratio is somewhere higher compared to Vietnam, for example, where foreigners are allowed to own 30% of the units in a condominium project. Thailand is a bit more generous and grants foreigners to own 49% of the units.

How high are the yields?

Philippines is famously known for having some of the highest yields in Southeast Asia, especially if you buy in strategic areas around Manila.

Yields average at 4.3% in Manila according to Savills. Collier’s claims that yields average at a rate of 5.3% for luxury condos. You can also find developers offering guaranteed yields at higher rates.

Keep in mind that these are average rates, and it’s not that hard to find properties reaching gross rental yields of 7-8%.

Can I buy land as a foreigner?

You can’t own land as a foreigner, a more common practice is to lease land with a leasehold period of up to 50 years, with an option for renewal of the lease for 25 years (totaling 75 years).

Another option, which is a more troublesome process, is to set up a local company.

Foreigners can only own 40% of the stakes in that company, and a majority of the shareholders are Filipino citizens. This is usually resolved by appointing yourself as director, giving you majority voting rights. Naturally, you should also hire a professional that can help you to stipulate the contracts, protecting your ownership.

This is getting more difficult though, mainly due to the “Anti-Dummy” law that the government has introduced.

A third option is to buy the property together with a Filipino spouse. This requires that you fully trust that person, as you’ll risk to lose the property in case any disputes occur later.

Which areas should be of interest when buying property in Manila?

Metro Manila is huge and consist of not only districts and areas, but cities. It’s important to do thorough research, before you buy, to assure that you invest in an area with high growth potentials (if that’s your preference).

The most interesting places, in my view, are listed below.

Makati

Around half a million people live in Makati and it’s well-known for being the financial center in Manila.

Dozens of big multinational foreign companies have set up offices in this area, making it a prime spot for expats. The traffic is notoriously bad in Manila, making Makati the best option.

You’ll find the tallest scrapers in Makati, consisting of both office spaces and residential units.

Prices have grown the most in Makati over the years, and by more than 10% in 2017 alone.

Property is more expensive here compared to other areas in the city, with many luxury condominiums and gated communities.

Quezon City

Quezon City has around three million people, and is the biggest city in terms of land area.

It was previously the capital of the Philippines (from 1948 – 1976 to be precise) and hosts many of the best schools and universities.

The city is predicted to grow much over the years, as it’s less developed compared to places like Makati. You’ll find a number of new projects popping up and there’s much investment in infrastructure.

Taguig / Bonifacio Global City

Taguig has developed rapidly during the past years and hosts one of the most interesting areas in Manila, namely Fort Bonifacio Global City.

As real estate prices have increased in places like Makati, investors have started to look for areas within a short distance, like Taguig.

Fort Bonifacio Global City experienced less commercial activity in the past, when it was under use by the army, but has become a new business hub.

Pasig City

Pasig City hosts many expats and foreigners, and is a middle and upper-class area.

Still, you can see many international companies, hotels, shopping malls, restaurants, and more here.

Can I get a long term visa if I buy property in the Philippines?

Philippines has two different visas that should be of interest:

a. The SRRV Classic (Special Resident Retiree’s Visa – Classic)

b. The SIRV (Special Investor’s Resident Visa)

The SRRV Classic gives you the right to stay in the Philippines indefinitely. You need to deposit the following amounts, depending on your age:

a. If you’re 35 to 49 years old – USD 50,000

b. If you’re 50 years old, or above, and with a pension: USD 800 per month (USD 1,000 for couples)

c. If you’re 50 years old or above, without pension – USD 20,000

Unfortunately, you can’t get the SIRV if you buy a property. Instead, you need to invest at least USD 75,000 in a new or existing corporation, approved by the Board of Investments (BOI).

Other Philippines Property Guides

Want to learn more about taxes, visas and the buying process? Check out these articles:

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