Where to Find Homes Under 10 Million Pesos in Metro Manila

Want to live near the CBDs? These are the most affordable housing options

MANILA, MARCH 13, 2015: It can be difficult to find a reasonably priced home—one that is under Php10 million—for a family of five within the central business districts of Makati, Taguig, or Ortigas Center. This often leaves home buyers with no other option than to look further afield.

However, the areas and neighborhoods that surround Metro Manila’s business districts offer plenty of real estate to suit the budget of the average Filipino home buyer. These neighborhoods are located close to the business districts, while still maintaining their own distinct suburban vibe. Many of these areas also have a very lively dining scene, which makes them popular with locals and visitors alike.

Using data from its 90,000-plus property listings, global property portal Lamudi mapped the areas close the business districts of Makati, Ortigas, and Bonifacio Global City and identified the areas that have plenty of property inventories under Php10 million.

Makati CBD

Much has been written about Makati’s unaffordable real estate market, but there is more to this city than just branded, ultra-luxurious condos and exclusive gated communities. To give you proof, there are many houses in Makati that are currently for sale for under Php10 million.

The barangays (villages) surrounding the CBD abound with secondary-market houses and newly built townhouses or row houses. One example is Bangkal just across Osmeña Highway, which is approximately two km away from Ayala Avenue. A townhouse listed on Lamudi is currently on the market for Php7.495 million. Two other barangays close to the CBD are Palanan, where one can find a 180-sqm townhouse for Php9.5 million, and San Antonio, where one can find a three-bedroom, two-car garage townhouse for Php9.2 million.

Bonifacio Global City

Geographically this business district is smacked right where Makati and Taguig meet, making it close to the more affordable areas of both cities: the barangays along Kalayaan Avenue in the Makati side and AFPOVAI Village along Bayani Road in Taguig. The former is close to BGC’s upcoming Veritown Fort and Uptown Bonifacio projects, while the latter is just a few minutes’ drive to McKinley Hill. Townhouses in AFPOVAI Village, for instance, can be priced as low as Php7.3 million, such as a 150-sqm property with two bedrooms and garage space for two cars.

Ortigas Center

Metro Manila’s second most important business district is wedged between Mandaluyong, Pasig, and Quezon City, which means this area is close to the three cities’ residential areas. Addition Hills is one example. This primarily residential area in Mandaluyong City, between Boni Avenue and Shaw Boulevard, is approximately five minutes’ drive from Ortigas Center. Currently there are 30 for-sale houses in Mandaluyong with asking prices of under Php10 million.

Over at Pasig, Kapitolyo has long been a favorite. The area is teeming with eateries, which makes it a popular hangout spot especially during weekends. A 73-sqm townhouse in the area can be found for Php9.5 million, but larger (albeit pricier) options are also available. Further afield is Ametta Place in Mercedes Avenue, where townhouses can vary in floor size from 127 to 183 sqm. These properties have asking prices of between Php7.4 and Php9.35 million.

While Metro Manila’s houses are increasingly becoming unaffordable to many homebuyers, there are still plenty of for-sale inventories available for families on a modest budget.

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