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Published by Statista Research Department, Jul 5, 2022
As of the first quarter of 2022, the Bay Area in Metro Manila in the Philippines reported the highest average selling price of about 286.03 thousand Philippine pesos per square meter. The Bay Area is well known for being the home of SM Mall of Asia which is one of the largest malls in the country.
Average selling price per square meter of residential properties in Metro Manila in the Philippines as of 1st quarter 2022, by city (in 1,000 Philippine pesos)
| Characteristic | Average selling price per sqm in thousand Philippine pesos |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
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Source
Release date
June 2022
More information
Region
Philippines
Survey time period
Q1 2022
Supplementary notes
Figures have been rounded,
One Philippine peso is equal to 0.018 U.S. dollars and 0.017 euros as of July 2022.
Citation formats
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Statistics on " Real estate industry in the Philippines "
The most important statistics
- Annual change in real house prices in selected countries worldwide 2023
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Overview
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- Premium Statistic Annual change in real house prices in selected countries worldwide 2023
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Residential
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Office
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- Premium Statistic Office space current supply share Metro Manila in Philippines Q4 2022, by city
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- Premium Statistic Grade A office current supply in Cebu Philippines Q4 2022, by area
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- Premium Statistic Grade A office rental per square foot Cebu Philippines Q4 2022, by area
Retail
4
- Premium Statistic Current retail space supply share Metro Manila Philippines Q4 2022, by city
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Financing
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Leading companies
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REIT
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Analyzing the provided article on residential property prices in Metro Manila, Philippines, demonstrates an intricate understanding of real estate data and trends. As an expert in real estate and market analysis, here's an overview:
The article focuses on the average selling price per square meter of residential properties in Metro Manila during the first quarter of 2022. The data is segmented by city and reflects the significant variations in property prices across different areas of Metro Manila.
The Bay Area in Metro Manila, where the average selling price per square meter was around 286.03 thousand Philippine pesos, stands out. This area is distinguished by housing SM Mall of Asia, one of the largest malls in the country. The price fluctuations in residential properties within Metro Manila often correlate with various factors such as infrastructure development, proximity to commercial hubs, and lifestyle amenities.
The statistical insights provided within this article align with broader trends in the Philippines' real estate industry. Understanding housing market indices, property transaction values, and renovation statistics contributes to a comprehensive grasp of the local real estate landscape.
Analyzing these statistics would involve considering various facets of the industry, such as:
-
Residential Real Estate Prices: Monitoring price indices and fluctuations across different housing types and regions helps gauge market trends and demands.
-
Market Dynamics: Understanding the number of transactions, values, and areas of significant sales offers insights into the fluidity of the market.
-
Renovation and Construction: Observing renovation and construction figures reflects growth and investment patterns within the real estate sector.
-
Industrial and Commercial Real Estate: Tracking sales and areas of industrial and commercial properties helps understand economic activity and investment diversification.
-
Regional Variances: Analyzing the differences in property prices and transactions among various regions provides a comprehensive overview of the real estate market's dynamics.
For a deeper analysis, additional data on housing demand, rental markets, and government policies affecting the real estate industry could be considered. This comprehensive approach ensures a nuanced understanding of the market's complexities and aids in making informed decisions for investment, development, or policy implementation within the real estate sector.
