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Apartment prices in Makati, Philippines: prime 3BR condos (PHP/ sq. m.)
Economics Team | June, 15, 2018
Philippines, Metro Manila
Apartment prices in Makati, Metro Manila, Philippines. Bangko Sentral ng Pilipinas, the country's central bank, recently launched its Residential Real Estate Price Index, starting in Q2 2015. It is released every quarter. Colliers Philippines also publishes quarterly market reports that cover condominium prices of 3-bedroom units in the Makati Central Business District (CBD). It started in 1994.
House price changes Makati CBD, nominal and inflation-adjusted ('real')
% change over a year earlier
Philippines, Metro Manila
Source: Bangko Sentral ng Pilipinas
Quarterly Change in house prices
| Q1 | Q2 | Q3 | Q4 | |
| 1995 | 7.19 | 7.32 | 19.32 | |
| 1996 | -0.95 | -0.96 | 4.37 | -0.93 |
| 1997 | -1.88 | -1.44 | -1.46 | -1.48 |
| 1998 | -15.5 | -2.96 | -7.32 | -1.97 |
| 1999 | -4.7 | -0.7 | -7.8 | 0 |
| 2000 | -3.85 | -0.8 | -0.81 | -4.88 |
| 2001 | -5.98 | -4.55 | -0.95 | 0 |
| 2002 | -0.96 | 0 | -1.94 | 0 |
| 2003 | -0.99 | -2 | 0 | 0 |
| 2004 | -2.04 | 1.04 | 1.03 | 2.04 |
| 2005 | -1 | -1.01 | 3.06 | 0 |
| 2006 | -0.99 | 1 | 3.96 | 1.9 |
| 2007 | 3.74 | 0.9 | 2.68 | 3.48 |
| 2008 | -1.68 | 0.85 | -1.69 | 0.86 |
| 2009 | -2.56 | -0.88 | -1.77 | -1.8 |
| 2010 | -0.92 | 0 | 0.93 | -0.92 |
| 2011 | -0.93 | 1.87 | 0 | 0 |
| 2012 | 5.5 | 0 | -0.87 | 1.75 |
| 2013 | 1.72 | 5.93 | 1.6 | 0.79 |
| 2014 | 0.78 | 0 | 2.33 | 1.52 |
| 2015 | 5.97 | 2.11 | 2.07 | 2.03 |
| 2016 | 2.65 | 1.29 | 1.91 | 1.25 |
| 2017 | 2.47 | 3.01 | 0.58 | 1.74 |
| 2018 | 0.57 | 1.7 | 1.68 | 5.49 |
| 2019 | 6.25 | -17.65 | 4.17 | 8.57 |
This table shows the change in house prices during a single quarter.
The figures are not adjusted for inflation, so may overstate house price rises (or understate declines).
Four quarter's house price changes may NOT sum to the annual (year-on-year) change in house prices, for statistical reasons.