Top 14 Real Estate Developers in the Philippines

We’ve seen a big increase in prime real estate in the Philippines recently. Many local developers build these projects and target foreign buyers aggressively.

In fact, nowadays developers often hire in-house salespersons to bypass estate agents. They have good connections with banks, property lawyers, and can sometimes even offer help with financing.

That said, it’s important that you get good knowledge about local property developers beforehand, before buying off-plan. Late completions and quality issues are just a couple of problems you might come across if not doing enough research.

In this article, I’ve listed some of the biggest and most popular property developers in the Philippines.

1. Ayala Land, Inc.

Ayala Land, Inc. is one of the biggest real estate developers in the Philippines, with its headquarter located in the famous business district, Makati.

It’s a real estate division of Ayala Corporation, which is a century-old company but has operated independently since 1988. So, they have a long history and experience under their belt.

In 2016, it was the second-largest developer in terms of yearly revenue, and its net income reached around PHP 21 billion (USD 400 million). That’s a 15% increase compared to 2015.

Property types

Ayala Land is involved in landbank management, build and manage shopping centers, hotels, and resorts.

Maybe most importantly, they also build plenty of residential buildings, focusing on condominiums and housing projects.

Current projects

• 1016 Residences in Cebu City
• Abrio in Calamba
• Alegria Hills in Cagayan De Oro
• mara in Cebu City
• Ayala Greenfield Estates in Calamba

Future projects

Around 23 residential projects are under construction at the moment. Some of these are:

• Azuela Cove in Davao City
• Evo City in Kawit Cavite
• 35-hectare property project in Quezon City and Pasig City

Ayala Land Inc. will try to expand its footprint more in the coming years. In addition to their off-plan residential projects, they plan to open 11 new shopping malls in the coming years.

Prices & areas

• A house in Anvaya Cove (Morong) is available for PHP 6 million (around USD 120,000) and more

• A condo in Arbor Lanes in Taguig is available for PHP 13 million (around USD 250,000) and more

• A lot in Elaro in Calamba is available for PHP 15 million (around USD 300,000) and more

• A house with lot in The Courtyards is available for PHP 20 million (USD 400,000) and more

Interestingly, it’s the only company that has issued a REIT in the Philippines so far.

Office address

Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City, Metro Manila.

2. DMCI Homes

DMCI Homes, also known as DMCI Project Developers Inc, is one of the biggest real estate developers in the Philippines. It was founded in 1994 by David Consunji and has its headquarter in Manila.

In 2014, the DMCI Homes was ranked number 146th among the World’s Top 1000 Corporations. They were also rated as the best condominium developer in the Philippines by ZipMatch.

Property types

DMCI is mostly known for building affordable condominiums in Metro Manila, but also builds residential complexes, hotels, resorts, shopping centers, casinos, hospitals, highways, and more.

Current projects (examples)

• Viera Residences in Quezon City
• The Celandine in Quezon City
• Brixton Place in Pasig City
• Serissa Residences in Las Pinas City
• Torre de Manila in Manila
• Infina Towers in Quezon City

Future projects (examples)

• Fairway Terraces in Pasay City
• Kai Garden Residences Mandaluyong
• The Orabella DMCI Cubao Quezon City
• Mulberry Place DMCI Taguig

If you want to know more about other upcoming projects, you can visit their website.

Prices & areas

• The price of a 2 bedroom apartment in Accolade Place is around PHP 3.5 million (USD 70,000)

• The price of a studio in Alta Vista de Boracay is around PHP 4.5 million (USD 90,000)

• The price of 2 bedroom house in Cedar Crest is around PHP 2.6 million (USD 50,000)

Office address

1321 A.Apolinario, Makati, 1233 Metro Manila, Philippines.

3. SM Prime Holdings, Inc.

SM Prime Holdings is one of the biggest property developers in the Philippines, based on annual revenue. It’s a top earner with yearly incomes of more than PHP 20 billion (around USD 400 million).

Founded in 1958, they focus mainly on developing and managing shopping malls that can be found domestically and overseas, including places like China and the Pacific Islands.

It also owns a subsidiary responsible for residential development, called SMDC, that’s been ranked as one of the best condo developers.

Property types

SM Prime Holdings builds everything from hotels, resorts, shopping malls, housing and condominium projects, offices, convention centers, and more.

Current projects

• The Villas
• The Belle View
• The Woodridge
• The Horizon
• Plantation Hills

Future projects

• Frame Residences
• Coast Residences
• Air Residences

They also plan to open several new hotels, resorts, and shopping centers in the coming years. New residential projects are planned in Hamilo Coast and Tagaytay Highlands.

Prices & areas

The price of a 1 bedroom unit in the Grass residences in Quezon City is available for PHP 3 million (around USD 60,000).

Office address

10/F Mall of Asia Arena Annex Building, Coral Way cor. J.W. Diokno Boulevard, Mall of Asia Complex, 1300 Pasay City, Philippines.

4. Megaworld Corporation

With its headquarter located in Taguig City, Megaworld Corporation is one of the biggest developers in terms of annual revenues.

The company was established in 1994 and owns another subsidiary, Global-Estate Resorts, Inc. that focuses on developing hotels and resorts.

Megaworld won the Best Developer Award in 2016 and 2017 and was nominated in 25 categories in the 2017 annual PropertyGuru Philippines Property Awards.

Property types

You can find both housing projects, condominiums and many commercial buildings, mostly for offices.

Megaworld was also ranked third in the list of best condominium developers by ZipMatch.

Current projects

They have completed around 250 residential and commercial projects, some include:

• Forbes Town Center in Metro Manila

• Petron Megaplaza, a 45-story building that was once the tallest building in the country

• McKinley Hill, which is among the largest residential project in the country

• One Central, which was formerly “The Trumps”, changed its name to One Central after the current US president, Donald Trump, threatened to take legal action

• Eastwood City

Future projects

• One Republic Plaza in Davao City
• Emperador House in Davao City
• The Capital Town in the City of San Fernando
• Maple Grove in General Trias
• Eastland Heights in Antipolo
• Around 20 new housing projects in Mckinley Hills, Uptown Bonifacio and McKinley West

Megaworld is expected to spend over PHP 60 billion (USD 1.2 billion) on new projects in the coming years, including mostly townships and a few office towers.

Prices & areas

• The price of a condo in San Antonio Residences in Makati is around PHP 3.5 million (USD 70,000)

• The price of a condo in The Florence in Taguig is around PHP 7 million (USD 140,000)

• The price of a house in Alabang West in Las Pinas is around PHP 15 million (USD 300,000)

Office address

28/F The World Centre, 330 Sen. Gil Puyat Ave., Makati City.

5. Filinvest Land, Inc.

Filinvest Land, Inc. (FLI) is a subsidiary of the Filinvest Development Corporation. It’s one of the biggest developers in terms of annual revenue.

The Filinvest Development Corporation is also one of the oldest real estate developers, founded in 1955.

Property types

Filinvest Land develops all types of properties including residential, leisure, offices, other commercial buildings, and townscapes.

Current Projects

• Timberland Heights in San Mateo
• Villa Montserrat at Havila
• Studio A Condo in Quezon City
• Mission Hills in Antipolo
• Oasis series (Asiana Oasis, Bali Oasis 2, Capri Oasis, Maul Oasis, and more)

Future Projects

• Bristol at Parkway Place
• Studio City
• Pioneer Pointe

Prices & areas

• The price of a condominium in 100 West in Makati is around PHP 4 million (USD 80,000)

• The price of a house in Aldea Del Sol in Cebu is around PHP 5 million (USD 100,000)

• The price of a house in Alta Vida in San Rafael is around PHP 3.5 million (USD 70,000)

Office address

79 EDSA, Mandaluyong City, 1550 Philippines.

6. Vista Land & Lifescapes, Inc

Vista Land & Lifescapes, Inc. was founded by Manuel Villar in 2007 and is one of the biggest property developers in terms of annual revenue.

It’s one of the fastest-growing developers in the Philippines.

In the 2017 PropertyGuru Property Awards, they won the award for Best Universal Design Development and Best Affordable Condo Development for their project, Vista Taft.

They also own multiple subsidiaries that include Vista Residences, Communities Philippines, Crown Asia, and a few more.

Current projects

• Vista Taft
• The Currency
• Vista Pointe
• Vista Recto
• Madison Place

Future projects

Vista Land is one of the fastest growing developers in the Philippines. In 2017, they announced to launch 30 new projects. Some of these are:

• Camella Residences in Tagum City
• Lumina Hills in Mintal
• Lumina Residence
• Valenzuela City

Prices & areas

• The price of a condo in The Currency in Pasig is around PHP 5.2 million

• The price of a condo in the Salcedo Square in Makati is around PHP 2 million

• The price of a condo in Mosaic at Greenbelt is around PHP 4.5 million

Office address

Vista Land & Lifescapes, Inc., UGF Worldwide Corporate Center, Shaw Boulevard, 1552 Mandaluyong City, Philippines.

7. Robinsons Land Corporation

Robinsons Land Corporation was founded in 1980 and is one of the biggest developers in the Philippines, in terms of annual revenue.

That said, they won multiple awards in 2017 PropertyGuru Property Awards, namely: Special Recognition in Sustainable Development, Best Retail Development, Best Residential Interior Design, along with the Real Estate Personality of the Year Award for its president, Frederick D. Go.

They also won the Best Developer Award for 2017 by Dot Property Philippines Awards.

Property types

Robinsons Land develops shopping malls, hotels, office buildings, resorts, condominiums, and townships. They also ranked fifth among the best condominium developers.

Current Projects

• The Sapphire Bloc, winner of Best Residential Interior Design 2017
• Robinsons Residences
• Robinsons Homes
• Axis Residences
• Fernwood Parkhomes

Future projects

The company is currently working on multiple projects, including one in China. Most of their upcoming projects are malls, office buildings, or hotels, like Go Hotel in Iligan.

It’s evident from their future plans that they are focusing more on commercial and retail properties instead of residential projects.

Prices & areas

• The price of a condo in Acacia Escalades in Pasig is around PHP 2 million (USD 40,000)

• The price of a condo in The Magnolia Residences in Quezon City is around PHP 4.5 million (USD 90,000)

• The price of a condo in The Trion Towers in Taguig is around PHP 5.5 million (USD 100,000)

Office address

Lower Level, West Lane Robinsons Galleria, EDSA Corner Ortigas Avenue, Pasig City, Metro Manila

8. Federal Land, Inc.

Federal land, Inc. is another recognized developer that was founded in 1972 as Federal Homes.

Property types

You can find condominiums, townships, office buildings, resorts, and other commercial and leisure properties. It’s also listed as the sixth-best condominium developer by ZipMatch and has completed 27 projects so far.

Current projects

• Soler Tower
• GT Tower in Makati City
• Marco Polo Residences
• Grand Hyatt Residences
• Park Avenue

Future projects

• The Veritown Fort in Bonifacio Global City
• One Lilac Place
• Grand Central Park
• Peninsula Garden Midtown Homes

Prices & areas

The price of a condo in One Wilson Square in San Juan is around PHP 7.5 million (USD 150,000).

Office address

GT Tower, Ayala Ave, Makati, Metro Manila, Philippines.

9. Shang Properties, Inc.

Shang Properties, Inc. is also one of the biggest property developers in the Philippines in terms of annual revenue.

It’s a real-estate subsidiary of the Singaporean company Kuok Group.

Although they were famous for building hotels and resorts for decades, they’ve started to develop more residential projects.

Property types

They mostly developed hotels and resorts in the past, but nowadays you can also find condos and townships.

Current projects

• Horizon Homes
• The Rise Makati
• The Shang Grand Tower
• One Shangri-La Place

Future projects

• The Rise

Prices & areas

• The price of a condo in One Shangri-La Place in Mandaluyong is around PHP 5.3 million (USD 100,000)

• The price of a condo in Shang Salcedo Place in Makati is around PHP 4.5 million (USD 90,000)

Office address

Administration Office, Shangri-La Plaza Mall, EDSA corner Shaw Boulevard, Mandaluyong City

10. Century Properties Group Inc.

Century Properties was founded in 1986 and a major player, with its headquarter located in Manila

Property types

Century Properties are mostly known for building mid-rise and high-rise condos.

Current projects

• Acqua Livingstone
• Essensa East Forbes
• Gramercy Residences

Future projects

• Azure Urban Residences

Prices & areas

• The price of a condo in Acqua Private Residences in Mandaluyong is around PHP 3.5 million (USD 70,000)

• The price of a condo in Azure Urban Resort Residences in Paranaque is around PHP 5 million (USD 100,000)

Office address

21st floor Pacific Star Building, Sen. Gil Puyat corner Makati Ave., Makati City, Philippines

11. Anchor Land Holdings Inc.

Anchor Land holdings is one of the fastest-growing real estate developers in the Philippines and was listed on the stock exchange in 2007. They primarily focus on building sophisticated and luxury condominiums.

The company claims to incorporate Feng-shui principles, which can be beneficial when selling to resident Chinese buyers (truth be told, Chinese investors don’t care that much about Feng-shui for investment units).

Worth mentioning is that Anchor Land managed to get featured in Forbes Magazine’s list of the 200 Best Companies in Asia with a capitalization of under USD 1 billion.

Property types

As mentioned, the company primarily builds modern luxury condominiums.

Current projects

• 202 Peaklane (Davao)
• Copeton Baysuites (Paranaque)
• Cosmo Suites (Pasay)
• Anchor Grandsuites (Manila)

Future projects

• 8 Alonzo Parksuites
• Coron Hotel and Resort Development
• Boracay Hotel and Resort Development

Prices & areas

• 1-3 Bedroom units in Mayfair Tower (Manila) start from PHP 6.5 million (around USD 125,000

• Units in 202 Peaklane (Davao City) start from PHP 3 million (around USD 60,000)

• 1-3 Bedroom units in Admiral Baysuites (Manila) start from 4.3 million (around 86,000)

Office address

16th Floor L.V. Locsin Building 6752 Ayala Avenue corner Makati Avenue, Makati City

12. Cathay Land, Inc.

Cathay Land was founded in 1997 and is currently one of the fastest-growing real estate developers in the Philippines. It’s a real estate arm of Cathay Group of Companies and was voted as a Top 10 Real Estate Developer by BCI Asia in 2018.

Property types

Cathay Land doesn’t only build condominiums, but also industrial properties and leisure properties.

Projects

Examples of projects built by Cathay Land include:

• Anantara Square (Manila)
• Bali Mansions (Laguna)
• Sentosa Heights (Laguna)

Prices & areas

• Units in Anantana Square (Manila) start from PHP 2.8 million (USD 56,000)

• Units in Bali Mansions (Laguna) start from PHP 6.5 million (around USD 130,000)

• Units in Sentosa Heights (Laguna) start from around PHP 20 million (USD 400,000)

Office address

8th Floor, Galleria Corporate Center, EDSA Corner Ortigas Avenue, Quezon City 1100 Philippines

13. Cebu Landmasters

Cebu Landmasters started in 2003 and headquartered in Cebu. The company has won plenty of awards in the past years. For example, it won the following awards during the PropertyGuru Philippines Property Awards in 2019:

• Best Developer (Philippines) 2019
• Best High-End Condominium Development (Cebu)
• Special Recognition in CSR (2019)

Property types

Cathay Land builds condominiums, townships, hotels, offices, mixed-use developments, and offices.

Projects

Examples of projects built by Cathay Land include:

• 38 Park Avenue (Cebu)
• Asia Premier Residences (Cebu)
• Base Line Prestige (Cebu)

Prices & areas

• 1-Bedroom units in 38 Park Avenue start from around PHP 8.5 million (around USD 170,000)

• Units in Asia Premier Residences start from PHP 7.5 million (around USD 150,000)

Office address

10th Floor, Park Centrale Tower, Cebu I.T. Park, J.M. del Mar St. Apas, Cebu City, Philippines

14. Empire East

Empire East used to operate under Megaworld but was incorporated as a separate unit in 1994. Still, Megaworld owns more than 80% of its shares.

The company mainly focuses on the construction of condominiums within Metro Manila but also builds single-detached homes and house-and-lot packages in upcoming suburban areas.

Property types

Include mid to high-rise condominiums, single detached homes, and house-and-lot packages.

Projects

Examples of projects built by Empire East include:

• Little Baguio Terraces (San Juan)
• Cambridge Village (Pasig)
• Manhattan Heights (Quezon City)
• The Sonoma (Laguna)

Prices & areas

• Units in Little Baguio start from PHP 3.9 million (around USD 78,000)

• Units in Cambridge Village start from PHP 3 million (around USD 60,000)

• Units in Manhattan Heights start from PHP 3.7 million (around USd 74,000)

Office address

10F Alliance Global Tower, 36th St. corner 11th Avenue, Uptown Bonifacio, 1634, Taguig City

I hope you found this article helpful and interesting. I also recommend you to read my separate guide that explains how to buy property in the Philippines as a foreigner.